Chevron Corporation $CVX Stock Holdings Increased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its stake in Chevron Corporation (NYSE:CVX) by 12.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 80,530 shares of the oil and gas company’s stock after buying an additional 8,662 shares during the period. Chevron makes up 0.8% of Soltis Investment Advisors LLC’s portfolio, making the stock its 20th largest holding. Soltis Investment Advisors LLC’s holdings in Chevron were worth $16,445,000 as of its most recent filing with the SEC.

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

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Chevron reported adjusted earnings of $5.28 per share, above the roughly $4.87-$4.89 analyst consensus, while revenue reached $65.24 billion versus estimates of $61.82 billion. Adjusted earnings of approximately $10.4 billion nearly tripled from a year earlier. Chevron tops Q3 expectations on higher downstream profit
• Positive Sentiment: Refining was the standout business. Downstream earnings climbed to nearly $4.9 billion from about $1.1 billion a year earlier as refinery outages and conflicts involving Iran and Russia reduced fuel supplies and lifted margins. Chevron beats earnings expectations as refining profits soar
• Positive Sentiment: Cash generation and the balance sheet improved. Chevron generated roughly $12 billion of free cash flow and $16 billion of operating cash flow, while reducing net debt by about $7.8 billion. This supports dividends, potential buybacks and future investment. Chevron’s profit nearly tripled from a year ago
• Neutral Sentiment: Analyst sentiment has become more constructive. One valuation estimate increased from $227.71 to $232.50, with higher oil-price assumptions, strong refining results and possible Venezuela-related upside supporting revised targets. However, the stock’s rally has reduced its dividend yield for new investors. Chevron stock fair value edges higher
• Negative Sentiment: Investors face risks beyond the strong quarter. Chevron warned that downtime could reduce fourth-quarter production by approximately 225,000 barrels of oil equivalent per day. In addition, refining profits may normalize if geopolitical disruptions ease, while the stock’s elevated valuation and lingering questions about buybacks could limit further upside. Chevron says downtime could hit Q4 output

Insider Buying and Selling

In related news, insider R. Pate sold 40,700 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total value of $9,224,655.00. Following the transaction, the insider owned 8,791 shares in the company, valued at approximately $1,992,480.15. This trade represents a 82.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrew Walz sold 16,800 shares of the business’s stock in a transaction dated 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 approximately $2,814.84. This trade represents a 99.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 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.

Chevron Price Performance

Chevron stock opened at $235.62 on Friday. The stock’s fifty day moving average price is $213.16 and its two-hundred day moving average price is $193.07. Chevron Corporation has a one year low of $146.49 and a one year high of $236.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The firm has a market cap of $465.53 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.55 and a beta of 0.53.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.87 by $0.41. The firm had revenue of $65.24 billion during the quarter, compared to analysts’ expectations of $61.82 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 EPS. As a group, research analysts expect that Chevron Corporation will post 18.20 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CVX has been the subject of several recent research reports. HSBC set a $90.00 price target on Chevron in a research note on Friday, September 25th. BMO Capital Markets lifted their target price on Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. TD Cowen boosted their target price on shares of Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. Argus upped their price target on shares of Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Barclays lowered their price target on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.96.

Chevron Profile

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.