Czech National Bank Has $88.33 Million Stock Position in Chevron Corporation $CVX

Czech National Bank lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 4.4% during the second quarter, Holdings Channel.com reports. The firm owned 532,872 shares of the oil and gas company’s stock after acquiring an additional 22,355 shares during the period. Czech National Bank’s holdings in Chevron were worth $88,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CVX. Midwest Capital Advisors LLC acquired a new stake in Chevron in the first quarter valued at approximately $25,000. Core Wealth Advisors LLC acquired a new position in shares of Chevron during the fourth quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new position in shares of Chevron during the fourth quarter worth approximately $26,000. Quattro Advisors LLC bought a new position in shares of Chevron in the 4th quarter worth $27,000. Finally, Karpus Management Inc. bought a new position in shares of Chevron in the 4th quarter worth $27,000. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CVX. Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 price target on shares of Chevron in a research report on Tuesday, May 5th. The Goldman Sachs Group restated a “buy” rating and set a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Bank of America lifted their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Tudor Pickering raised shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a research report on Thursday, April 9th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.48.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 100,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the sale, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 1,190,665 shares of company stock valued at $230,782,076. Insiders own 0.56% of the company’s stock.

Key Chevron News

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.

Chevron Trading Up 1.4%

Shares of Chevron stock opened at $189.00 on Friday. The stock has a fifty day moving average price of $182.29 and a 200-day moving average price of $185.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm has a market cap of $376.40 billion, a PE ratio of 18.12, a P/E/G ratio of 0.57 and a beta of 0.49. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.14%. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 earnings per share. Equities research analysts anticipate that Chevron Corporation will post 15.88 EPS for the current 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 dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Chevron 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.