Chevron Corporation $CVX Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC cut its position in Chevron Corporation (NYSE:CVX) by 15.7% during the second quarter, HoldingsChannel reports. The firm owned 30,744 shares of the oil and gas company’s stock after selling 5,734 shares during the quarter. Chevron accounts for 1.1% of Generali Investments Management Co LLC’s holdings, making the stock its 14th biggest position. Generali Investments Management Co LLC’s holdings in Chevron were worth $5,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Trust Co grew its stake in shares of Chevron by 2.0% during the second quarter. Charles Schwab Trust Co now owns 19,977 shares of the oil and gas company’s stock worth $3,311,000 after purchasing an additional 400 shares in the last quarter. KWB Wealth raised its stake in Chevron by 5.0% in the second quarter. KWB Wealth now owns 2,106 shares of the oil and gas company’s stock valued at $349,000 after buying an additional 100 shares in the last quarter. Spinnaker Investment Group LLC raised its stake in Chevron by 50.6% in the second quarter. Spinnaker Investment Group LLC now owns 3,415 shares of the oil and gas company’s stock valued at $566,000 after buying an additional 1,148 shares in the last quarter. Sage Capital Advisors llc lifted its holdings in Chevron by 1.1% during the 2nd quarter. Sage Capital Advisors llc now owns 44,095 shares of the oil and gas company’s stock worth $7,309,000 after buying an additional 494 shares during the last quarter. Finally, Community Financial Services Group LLC lifted its holdings in Chevron by 27.2% during the 2nd quarter. Community Financial Services Group LLC now owns 3,129 shares of the oil and gas company’s stock worth $518,000 after buying an additional 669 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John B. Hess sold 710,665 shares of Chevron stock in a transaction on 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 of the company’s stock, valued at $70,596,305.10. The trade was a 66.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael K. Wirth sold 5,547 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the completion of the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at approximately $4,919,596. This trade represents a 17.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,196,212 shares of company stock worth $231,819,366 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wolfe Research raised Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, July 2nd. Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 target price on shares of Chevron in a research note on Tuesday, May 5th. Piper Sandler began coverage on Chevron in a report on Thursday, July 23rd. They issued an “overweight” rating and a $207.00 price target for the company. Finally, Bank of America increased their price target on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.48.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Renewed uncertainty around shipping through the Strait of Hormuz has pushed Brent crude back toward $89 per barrel. Higher oil prices typically benefit Chevron’s upstream business by increasing realized prices and operating cash flow. Chevron Stock Jumps 3.3% as Hormuz Doubts Lift Oil
• Positive Sentiment: Chevron’s second-quarter performance exceeded expectations, with earnings of $6.06 per share versus a $5.55 consensus estimate and revenue of $67.2 billion versus $62.72 billion expected. Record production, strong cash generation and operational execution are reinforcing investor confidence. CVX’s Q2 Earnings Beat
• Positive Sentiment: Hess acquisition synergies are reportedly ahead of schedule, supporting production growth through 2030, additional free cash flow and greater per-share accretion. Management has also reached its $3 billion annualized structural cost-reduction target six months early. Can Chevron’s Hess Synergies Extend Growth and Lift Cash Flow Further?
• Neutral Sentiment: Geopolitical tensions and possible changes to the Jones Act are keeping fuel-market conditions and crude prices volatile. This may support upstream profits but could also increase political pressure over gasoline prices. Why Trump’s Waiver of the Jones Act Is Unlikely To Lower Gas Prices
• Negative Sentiment: Analysts caution that commodity-price reversals, planned maintenance and execution risks could limit the rally despite Chevron’s strong results. Recent insider selling also presents a modest sentiment headwind. Chevron Stock Price Down After Insider Selling

Chevron Stock Up 4.3%

Shares of NYSE CVX opened at $194.57 on Tuesday. The business has a 50-day moving average price of $182.55 and a 200 day moving average price of $186.14. The stock has a market cap of $384.43 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 0.57 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The firm’s revenue was up 57.4% compared to the same quarter last year. Equities research analysts forecast that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron’s dividend payout ratio (DPR) is 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.