Knights of Columbus Asset Advisors LLC Purchases 21,152 Shares of Chevron Corporation $CVX

Knights of Columbus Asset Advisors LLC grew its position in Chevron Corporation (NYSE:CVX) by 25.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 104,043 shares of the oil and gas company’s stock after acquiring an additional 21,152 shares during the period. Chevron makes up 1.0% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 16th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Chevron were worth $21,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gemmer Asset Management LLC boosted its holdings in Chevron by 1.1% during 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 acquiring an additional 47 shares during the period. Livet Wealth LLC grew its position in Chevron by 4.0% in the 3rd quarter. Livet Wealth LLC now owns 1,268 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 49 shares in the last quarter. Uhlmann Price Securities LLC grew its position in Chevron by 3.1% in the 3rd quarter. Uhlmann Price Securities LLC now owns 1,639 shares of the oil and gas company’s stock valued at $335,000 after acquiring an additional 49 shares in the last quarter. First PREMIER Bank increased its stake in 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 increased its stake in 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. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Pate sold 40,700 shares of Chevron stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the sale, the insider directly owned 8,791 shares of the company’s stock, valued at approximately $1,992,480.15. This trade represents a 82.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 379,470 shares of company stock valued at $77,216,415. Insiders own 0.56% of the company’s stock.

Chevron Stock Performance

Shares of Chevron stock opened at $211.15 on Wednesday. Chevron Corporation has a one year low of $146.49 and a one year high of $236.48. The company has a market cap of $414.99 billion, a PE 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 quick ratio of 1.07 and a current ratio of 1.34. The business has a 50-day simple moving average of $215.19 and a 200-day simple moving average of $194.85.

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

Chevron Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CVX. The Goldman Sachs Group reissued a “buy” rating and set a $241.00 price target on shares of Chevron in a research report on Tuesday, October 20th. JPMorgan Chase & Co. lifted their price objective on shares of Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Mizuho set a $234.00 target price on shares of Chevron in a research note on Monday, October 12th. Weiss Ratings downgraded shares of Chevron from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. Finally, DZ Bank lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a report on Tuesday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $221.88.

Key Stories Impacting Chevron

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

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.