Laffer Tengler Investments Inc. Has $10.41 Million Stake in Chevron Corporation $CVX

Laffer Tengler Investments Inc. raised its holdings in Chevron Corporation (NYSE:CVX) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,046 shares of the oil and gas company’s stock after buying an additional 3,408 shares during the quarter. Chevron accounts for approximately 1.6% of Laffer Tengler Investments Inc.’s holdings, making the stock its 17th biggest holding. Laffer Tengler Investments Inc.’s holdings in Chevron were worth $10,412,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Perigon Wealth Management LLC boosted its position in Chevron by 19.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after acquiring an additional 11,875 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after purchasing an additional 215,345 shares in the last quarter. Pictet North America Advisors SA bought a new stake in shares of Chevron in the third quarter worth $5,662,000. Finemark National Bank & Trust boosted its holdings in Chevron by 40.3% during the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after purchasing an additional 16,243 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Chevron by 10.2% in the third quarter. New York State Common Retirement Fund now owns 1,894,470 shares of the oil and gas company’s stock valued at $294,192,000 after purchasing an additional 175,439 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

NYSE:CVX opened at $188.56 on Wednesday. The company has a market cap of $376.25 billion, a P/E ratio of 28.31, a P/E/G ratio of 12.55 and a beta of 0.67. The firm’s fifty day moving average price is $171.08 and its two-hundred day moving average price is $160.10. Chevron Corporation has a one year low of $132.04 and a one year high of $191.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 EPS. Equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio is 106.91%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group reissued a “buy” rating and set a $212.00 price target on shares of Chevron in a research report on Monday, February 2nd. Mizuho lifted their target price on Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 17th. HSBC cut Chevron from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research report on Monday, February 2nd. Finally, Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Chevron presently has an average rating of “Hold” and a consensus target price of $178.95.

Insider Buying and Selling at Chevron

In related news, CTO Thomas Ryder Booth sold 1,122 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $182.37, for a total value of $204,619.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total value of $7,976,986.00. Following the transaction, the insider owned 7,161 shares in the company, valued at $1,247,231.37. The trade was a 86.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 628,373 shares of company stock worth $107,085,890 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Global oil/gas rally is boosting integrated energy stocks; higher commodity prices improve Chevron’s near-term margins and cash flow outlook. Read More.
• Positive Sentiment: Broker upgrades and higher price targets (Citigroup, Bank of America, Melius and others) signal renewed analyst conviction and support upside expectations. Read More.
• Positive Sentiment: Notable portfolio moves (including increased exposure in Berkshire’s final quarter) and positive coverage identifying CVX as a top oil pick are drawing investor interest. Read More.
• Neutral Sentiment: Analyst coverage is mixed overall: several buys and target lifts exist, but consensus includes many holds, which can limit sustained momentum. Read More.
• Negative Sentiment: Chevron declared force majeure and halted production at the Leviathan gas field amid regional hostilities — a direct operational disruption that can dent near-term volumes and revenue. Read More.
• Negative Sentiment: Substantial insider selling by R. Hewitt Pate (large blocks sold late Feb. and early Mar.; SEC filings) may amplify profit-taking and be viewed negatively by some investors. Read More.
• Negative Sentiment: Ongoing geopolitical risk (Iran threats, Strait of Hormuz disruptions) increases volatility and operational uncertainty even as higher oil tends to boost earnings for majors. Read More.

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.