Chevron Corporation $CVX Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its stake in shares of Chevron Corporation (NYSE:CVX) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 447,972 shares of the oil and gas company’s stock after selling 22,783 shares during the period. Chevron accounts for approximately 1.1% of Douglas Lane & Associates LLC’s portfolio, making the stock its 25th biggest position. Douglas Lane & Associates LLC’s holdings in Chevron were worth $91,480,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Gerald Baker Financial Group LLC raised its stake in Chevron by 0.5% during the 3rd quarter. Gerald Baker Financial Group LLC now owns 27,308 shares of the oil and gas company’s stock worth $5,577,000 after acquiring an additional 135 shares in the last quarter. Chapin Davis Inc. increased its holdings in Chevron by 1.2% during the 3rd quarter. Chapin Davis Inc. now owns 36,931 shares of the oil and gas company’s stock valued at $7,542,000 after acquiring an additional 448 shares in the last quarter. LifeGoal Investments LLC lifted its holdings in Chevron by 13.5% in the 3rd quarter. LifeGoal Investments LLC now owns 3,447 shares of the oil and gas company’s stock valued at $704,000 after purchasing an additional 410 shares in the last quarter. Attessa Capital LLC acquired a new position in shares of Chevron during the 3rd quarter valued at about $204,000. Finally, Market Street Wealth Management Advisors LLC purchased a new position in shares of Chevron in the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Chevron stock traded up $1.18 during mid-day trading on Friday, reaching $212.73. 2,288,987 shares of the company were exchanged, compared to its average volume of 10,459,173. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $217.78. 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 company has a fifty day simple moving average of $204.21 and a 200-day simple moving average of $192.94. The firm has a market cap of $420.31 billion, a PE ratio of 20.42, a PEG ratio of 0.57 and a beta of 0.53.

Chevron (NYSE:CVX) last issued its earnings results 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 analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 EPS. As a group, equities research analysts expect that Chevron Corporation will post 17.47 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s payout ratio is currently 68.26%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CVX shares. Barclays lowered their price target on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. BNP Paribas Exane cut their price objective on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Bank of America upped their price target on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Jefferies Financial Group lifted their target price on shares of Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, The Goldman Sachs Group cut their target price on Chevron from $240.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus target price of $210.24.

Insider Buying and Selling

In other Chevron news, insider R. Pate sold 2,470 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This represents a 18.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Hess sold 710,665 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the transaction, the director directly owned 363,711 shares in the company, valued at approximately $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,152,582 shares of company stock worth $225,853,661 in the last 90 days. 0.56% of the stock is owned by company insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support the stock. Crude oil moved above $92.60 amid concerns about Middle East supply disruptions, helping lift energy shares. UBS also raised its Chevron price target to $235. Why Is Chevron Stock Surging on Thursday?
• Positive Sentiment: Analyst support remains favorable. Piper Sandler maintained its Buy rating, while other recent research has highlighted Chevron’s cash generation, shareholder returns and potential for stronger returns from portfolio changes. Piper Sandler Sticks to Their Buy Rating for Chevron
• Positive Sentiment: The Hess Midstream restructuring could improve Chevron’s cost structure. Chevron is transferring its Hess Midstream interests and DJ Basin assets in exchange for revised Bakken contracts. The transaction is expected to reduce Bakken midstream costs by roughly 50%, eliminate approximately $3.7 billion of associated debt and simplify the portfolio. Chevron’s Portfolio Reshaping Strategy to Unlock Stronger Returns
• Neutral Sentiment: Analyst opinions are mixed. Although Piper Sandler remains bullish, broader coverage reflects differing views on Chevron and the energy sector, limiting the impact of any single rating. Analysts’ Opinions Are Mixed on Chevron
• Negative Sentiment: The restructuring carries a sizable near-term charge. Reports estimate Chevron could absorb a $3 billion–$4 billion closing loss, while Hess Midstream’s revised contracts indicate lower future volumes and earnings. Chevron Is Offloading Hess Midstream
• Negative Sentiment: Storm-related shutdowns create temporary operating risk. Chevron shut in four Gulf of Mexico facilities as Tropical Storm Isaias approached. The disruption may reduce near-term production, although tighter fuel markets and higher prices could partly offset the impact. Chevron Shuts In Four Gulf Facilities

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.