The Manufacturers Life Insurance Company Has $251.87 Million Stock Holdings in Chevron Corporation $CVX

The Manufacturers Life Insurance Company boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,519,457 shares of the oil and gas company’s stock after buying an additional 31,907 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Chevron worth $251,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capstone Financial Advisors Inc. boosted its position in Chevron by 7.7% during the second quarter. Capstone Financial Advisors Inc. now owns 3,891 shares of the oil and gas company’s stock worth $645,000 after purchasing an additional 277 shares during the period. Tortoise Investment Management LLC lifted its stake in shares of Chevron by 3.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 2,134 shares of the oil and gas company’s stock worth $354,000 after buying an additional 74 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Chevron by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 173,771 shares of the oil and gas company’s stock worth $28,804,000 after acquiring an additional 13,053 shares during the last quarter. MCF Advisors LLC lifted its holdings in Chevron by 1.2% during the 2nd quarter. MCF Advisors LLC now owns 18,888 shares of the oil and gas company’s stock worth $3,131,000 after purchasing an additional 227 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its position in shares of Chevron by 1.4% in the second quarter. Archford Capital Strategies LLC now owns 7,896 shares of the oil and gas company’s stock valued at $1,309,000 after acquiring an additional 107 shares during the period. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. Mizuho set a $224.00 target price on shares of Chevron in a research report on Monday, August 3rd. Sanford C. Bernstein increased their price target on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, Piper Sandler lifted their price objective on shares of Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average target price of $211.35.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings and cash flow. Brent’s move above $100 and toward $110 per barrel is a major tailwind for Chevron’s upstream business. Historical analysis cited by The Motley Fool suggests oil-price spikes of this magnitude have generally benefited Chevron, although buying after a sharp rally carries timing risk. Oil Just Topped $109. Is It Too Late to Buy Chevron (CVX)? History Has a Clear Answer.
• Positive Sentiment: Chevron is being highlighted as a balanced dividend investment. Analysts point to the company’s scale, financial strength and shareholder returns as reasons income-focused investors may prefer CVX over riskier energy producers. This Is the First Oil Dividend Stock I’d Buy in September
• Positive Sentiment: Management is pursuing production growth in Venezuela. Chevron aims to raise Venezuelan output to roughly 600,000 barrels per day by 2031, while also improving U.S. shale efficiency and expanding internationally. The plan could add significant long-term production and cash flow. Chevron CFO Says Oil Giant Is ‘Bigger, Better and Stronger Than We’ve Ever Been’
• Neutral Sentiment: Analyst commentary remains focused on positioning and valuation. Recent coverage compares Chevron with other energy companies and emphasizes its combination of scale, yield and financial resilience as oil prices rise. Analysts Offer Insights on Energy Companies
• Negative Sentiment: Execution and returns on capital remain concerns. Chevron’s production and free cash flow are improving, but return on invested capital is lagging, raising questions about how effectively the company converts its asset base and investment spending into profits. CVX’s Operations & FCF Are Improving: Why Isn’t ROIC Keeping Up?
• Negative Sentiment: Venezuela expansion carries timeline and geopolitical risks. Doubling rigs as part of a proposed $7 billion, five-year investment and reaching the 600,000-barrel target by 2031 may prove difficult because of operational, political and regulatory uncertainty. Chevron Wants 600,000 Barrels a Day From Venezuela by 2031

Chevron Stock Performance

Shares of Chevron stock opened at $212.84 on Friday. The company’s 50 day moving average price is $194.62 and its two-hundred day moving average price is $190.61. The firm has a market capitalization of $420.51 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.63 and a beta of 0.50. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $217.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron’s revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 EPS. On average, equities analysts forecast that Chevron Corporation will post 16.51 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insider Transactions at Chevron

In other news, Director John Hess sold 100,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was 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 in the company, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares of the company’s stock, valued at $2,814.84. This represents a 99.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. 0.56% of the stock is currently owned by company insiders.

About Chevron

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.