2,249 Shares of Chevron Corporation $CVX Acquired by Kings Path Partners LLC

Kings Path Partners LLC acquired a new position in Chevron Corporation (NYSE:CVX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,249 shares of the oil and gas company’s stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new position in shares of Chevron during the first quarter valued at approximately $25,000. Main Street Group LTD bought a new stake in shares of Chevron in the 1st quarter worth approximately $28,000. Kilter Group LLC purchased a new stake in shares of Chevron in the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC grew its stake in shares of Chevron by 49.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after buying an additional 60 shares during the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Chevron in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is considering a sale of approximately $1 billion in mature U.S. Gulf of Mexico oil and gas assets. Divesting older properties could streamline operations, unlock cash and redirect capital toward newer offshore projects and long-term production growth. Chevron Eyes $1B Gulf Asset Sale to Focus on Growth Projects
• Positive Sentiment: Bank of America raised its Chevron price target to $252 from $227, adding support to investor confidence in the company’s earnings and cash-flow potential. Chevron price target raised at BofA
• Positive Sentiment: Analysts highlight CVX as a potential beneficiary of the oil rally, citing production growth, disciplined capital spending, diversified operations and a dividend supported by recurring cash flow. Oil Prices Climb: Energy Stocks Poised to Benefit
• Neutral Sentiment: Chevron’s leadership changes, including a new chief financial officer, and upcoming production and earnings updates give investors additional information to assess execution and whether higher commodity prices are translating into stronger results. Chevron’s new CFO among four executive changes
• Negative Sentiment: Director R. Pate sold 43,100 shares worth roughly $9.8 million. The transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their value as a bearish signal, but the substantial reduction in ownership may weigh modestly on sentiment. Chevron insider trading filing

Chevron Price Performance

Shares of CVX opened at $226.65 on Friday. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $229.04. The company has a market capitalization of $447.80 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. The firm has a 50 day moving average of $209.95 and a 200 day moving average of $194.11. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the business posted $1.77 EPS. The company’s revenue was up 57.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Chevron Corporation will post 18.12 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $1.78 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. Chevron’s payout ratio is currently 68.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CVX shares. Morgan Stanley raised their price objective on Chevron from $218.00 to $226.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. HSBC set a $90.00 target price on Chevron in a report on Friday, September 25th. Raymond James Financial cut their target price on Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their target price on Chevron from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $241.00 price target on shares of Chevron in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.96.

Insiders Place Their Bets

In related news, Director John B. Hess sold 710,665 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the sale, the director directly owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of Chevron stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,195,682 shares of company stock valued at $235,619,780. Company insiders own 0.56% of the company’s stock.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.