Evanson Financial LLC Purchases New Holdings in Chevron Corporation $CVX

Evanson Financial LLC purchased a new position in shares of Chevron Corporation (NYSE:CVX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,254 shares of the oil and gas company’s stock, valued at approximately $2,694,000.

A number of other large investors have also added to or reduced their stakes in the stock. Fermata Advisors LLC increased its stake in Chevron by 5.6% during the 2nd quarter. Fermata Advisors LLC now owns 12,847 shares of the oil and gas company’s stock worth $2,129,000 after acquiring an additional 684 shares during the period. Foster Group Inc. lifted its position in shares of Chevron by 6.1% during the 2nd quarter. Foster Group Inc. now owns 5,779 shares of the oil and gas company’s stock valued at $958,000 after acquiring an additional 332 shares during the period. Mirador Capital Partners LP grew its holdings in shares of Chevron by 0.9% during the 2nd quarter. Mirador Capital Partners LP now owns 93,216 shares of the oil and gas company’s stock worth $15,451,000 after purchasing an additional 872 shares in the last quarter. DMKC Advisory Services LLC grew its holdings in shares of Chevron by 13.4% during the 2nd quarter. DMKC Advisory Services LLC now owns 20,074 shares of the oil and gas company’s stock worth $3,328,000 after purchasing an additional 2,371 shares in the last quarter. Finally, Balefire LLC increased its position in shares of Chevron by 5.3% in the second quarter. Balefire LLC now owns 12,417 shares of the oil and gas company’s stock worth $2,058,000 after purchasing an additional 627 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Major profit rebound: Chevron reported approximately $12.1 billion in quarterly net income, versus $2.5 billion a year earlier. Results benefited from higher energy prices and supply disruptions linked to the Iran conflict, highlighting the company’s ability to generate cash during periods of market volatility. Chevron Turned $3.1 Billion Loss Into A Gain In One Quarter Amid Heightened Volatility During Iran War
• Positive Sentiment: Operational and financial improvements: Recent coverage points to record production, billions of dollars in debt reduction and a 20-year power agreement with Microsoft for artificial-intelligence infrastructure. These developments strengthen Chevron’s long-term growth profile and balance sheet. Wall Street Is Bullish on Chevron Stock
• Positive Sentiment: TD Cowen raised its Chevron price target from $200 to $205 while maintaining a Hold rating. Chevron is also being highlighted as a cash-flow and dividend-focused energy investment, which may appeal to income-oriented investors. Beyond Oil Prices: The Case for 3 Dividend-Paying Energy Giants
• Neutral Sentiment: Chevron is expanding its North American base-oils distribution network through new partnerships, potentially improving downstream reach and product mix over time. Chevron Broadens North American Base Oils Distribution Network
• Negative Sentiment: Political criticism is increasing as President Trump accuses Chevron and other oil companies of profiting excessively while U.S. gasoline prices rise. This creates potential regulatory, reputational or windfall-tax risks. Trump Rips Exxon and Chevron for Making Too Much Money
• Negative Sentiment: Director John B. Hess sold roughly 810,665 shares worth about $157 million, substantially reducing his holdings. Although insider sales can be planned for personal reasons, the transaction may weigh on investor sentiment.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of analyst reports. TD Cowen boosted their price target on Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday. Mizuho set a $224.00 price objective on shares of Chevron in a research note on Monday. Zacks Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.48.

Insider Activity

In related news, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the sale, the director directly owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 1,190,665 shares of company stock worth $230,782,076. Insiders own 0.56% of the company’s stock.

Chevron Price Performance

Shares of CVX stock opened at $189.00 on Friday. The business has a fifty day simple moving average of $182.29 and a 200 day simple moving average of $185.80. The company has a market cap of $376.40 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.57 and a beta of 0.49. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $214.71.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.14% and a net margin of 9.57%.The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 earnings per share. On average, sell-side analysts forecast that Chevron Corporation will post 15.88 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.