8,273 Chevron Corporation $CVX Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in Chevron Corporation (NYSE:CVX) by 3.2% in the 3rd quarter, Holdings Channel reports. The fund owned 270,753 shares of the oil and gas company’s stock after purchasing an additional 8,273 shares during the period. Chevron makes up about 0.6% of Illinois Municipal Retirement Fund’s portfolio, making the stock its 17th biggest position. Illinois Municipal Retirement Fund’s holdings in Chevron were worth $55,290,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gemmer Asset Management LLC increased its holdings in shares of Chevron by 1.1% in the 3rd quarter. Gemmer Asset Management LLC now owns 4,254 shares of the oil and gas company’s stock valued at $869,000 after purchasing an additional 47 shares during the period. Livet Wealth LLC boosted its holdings in shares of Chevron by 4.0% during the third quarter. Livet Wealth LLC now owns 1,268 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 49 shares during the period. Uhlmann Price Securities LLC boosted its holdings in shares of Chevron by 3.1% during the third quarter. Uhlmann Price Securities LLC now owns 1,639 shares of the oil and gas company’s stock worth $335,000 after purchasing an additional 49 shares during the period. First PREMIER Bank boosted its holdings in shares of Chevron by 0.8% during the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock worth $1,070,000 after purchasing an additional 50 shares during the period. Finally, Vanguard Capital Wealth Advisors boosted its holdings in shares of Chevron by 1.8% during the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 50 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Up 0.2%

Shares of Chevron stock opened at $211.15 on Wednesday. The firm has a market cap of $414.99 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 0.49 and a beta of 0.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.07. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $236.48. The stock has a 50-day simple moving average of $215.19 and a 200-day simple moving average of $194.85.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.87 by $0.41. Chevron had a return on equity of 14.49% and a net margin of 11.56%. The business had revenue of $65.24 billion during the quarter, compared to analysts’ expectations of $61.82 billion. During the same quarter in the previous year, the business posted $1.85 EPS. The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. On average, equities research analysts expect that Chevron Corporation will post 18.56 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be paid a $1.78 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. Chevron’s payout ratio is 52.08%.

Analyst Ratings Changes

CVX has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Jefferies Financial Group increased their target price on shares of Chevron from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Freedom Broker raised shares of Chevron from a “sell” rating to a “hold” rating and set a $218.00 target price for the company in a research note on Thursday, November 5th. The Goldman Sachs Group reissued a “buy” rating and set a $241.00 target price on shares of Chevron in a research note on Tuesday, October 20th. Finally, Mizuho set a $234.00 price target on shares of Chevron in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.88.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Walz sold 16,800 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the transaction, the insider owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 379,470 shares of company stock worth $77,216,415 over the last ninety days. 0.56% of the stock is currently owned by insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is selling QatarEnergy a 25% stake in its PEL82 offshore exploration license in Namibia. The deal shares exploration costs while Chevron retains control and exposure to potential discoveries. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Positive Sentiment: Chevron is pursuing a $13.8 billion expansion in Argentina’s Vaca Muerta shale formation, aiming to triple its output there by 2035. Applying Permian expertise could support growth, though the plan faces high costs and pipeline constraints. Can Chevron’s $13.8B Vaca Muerta Bet Fuel Long-Term Growth?
• Neutral Sentiment: Chevron plans to double production in Venezuela, offering potential volume growth but exposing the company to political and investment risks. The article notes ExxonMobil’s reluctance to return after past asset seizures and flags uncertainty around long-term oil demand. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.
• Negative Sentiment: Oil prices fell to their lowest since August after President Trump said the Iran war was effectively over. Lower crude prices can weigh on Chevron’s earnings outlook; however, the report says there was no signed deal and Iran denied talks, leaving the situation uncertain. Oil Prices Just Fell to Their Lowest Since August

Chevron Company 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.