Chevron Corporation $CVX Stock Position Boosted by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. raised its position in Chevron Corporation (NYSE:CVX) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,206 shares of the oil and gas company’s stock after purchasing an additional 10,053 shares during the quarter. Chevron accounts for approximately 1.6% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 21st largest holding. ZWJ Investment Counsel Inc.’s holdings in Chevron were worth $55,587,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First PREMIER Bank raised its position in Chevron by 0.8% in the 2nd quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock valued at $1,070,000 after buying an additional 50 shares during the last quarter. Vanguard Capital Wealth Advisors lifted its stake in Chevron by 1.8% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock valued at $467,000 after acquiring an additional 50 shares in the last quarter. Nautilus Advisors LLC boosted its position in Chevron by 2.8% during the 3rd quarter. Nautilus Advisors LLC now owns 1,859 shares of the oil and gas company’s stock worth $380,000 after acquiring an additional 50 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. boosted its position in Chevron by 20.8% during the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 290 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 50 shares during the last quarter. Finally, Columbus Macro LLC boosted its position in Chevron by 2.8% during the 3rd quarter. Columbus Macro LLC now owns 1,830 shares of the oil and gas company’s stock worth $374,000 after acquiring an additional 50 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: An analyst upgrade helped push CVX to a new one-year high, reinforcing investor confidence in Chevron’s earnings outlook. Chevron Sets New 1-Year High on Analyst Upgrade
• Positive Sentiment: Chevron CEO Mike Wirth said commercial inventories, emergency reserves and previously sanctioned oil supplies have been heavily drawn down following the Iran-related disruption. Tighter global buffers could support crude and diesel prices, potentially benefiting Chevron’s upstream cash flow, although they also increase market and geopolitical risk. Chevron CEO Warns Oil Buffers Have Been Drained
• Positive Sentiment: Chevron is among the companies investing in Venezuela’s oil revival as the United States seeks alternative supply sources amid Strait of Hormuz disruptions. Successful development could create longer-term production and cash-flow growth. Venezuela’s Oil Revival
• Positive Sentiment: Chevron and Shell are restoring U.S. Gulf production after Hurricane Isaias, with facilities reportedly avoiding storm damage. A rapid restart limits operational losses and supports near-term production. Chevron and Shell Lead Gulf Oil Recovery
• Positive Sentiment: Chevron’s technical expertise helped deliver first commercial gas from Australia’s Beetaloo Basin, potentially adding to future LNG supply and expanding its growth platform. Chevron and Australia’s Beetaloo Gas
• Neutral Sentiment: Commentary highlights Chevron’s integrated model, which can support dividends when oil prices weaken because refining and chemicals may offset upstream pressure. However, the stock’s strong multiyear rally has left investors questioning how much future cash flow is already reflected in the price. Chevron Stock Looks Reasonable With Cash Flow Value Above Price
• Negative Sentiment: Chevron agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on reported results and raise concerns about asset quality despite recent strong earnings. Chevron Is Cleaning House Before Earnings Peak Fades

Analyst Upgrades and Downgrades

CVX has been the subject of several research reports. Raymond James Financial decreased their price target on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. HSBC set a $90.00 price objective on shares of Chevron in a research report on Friday, September 25th. 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 report on Friday, July 17th. Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average target price of $213.08.

Chevron Trading Up 2.0%

NYSE CVX opened at $222.05 on Thursday. The company has a market cap of $438.71 billion, a PE ratio of 21.29, a PEG ratio of 0.60 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $222.55. The stock has a 50 day moving average of $206.20 and a 200-day moving average of $193.23.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate 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 net margin of 9.57% and a return on equity of 11.09%. The firm’s revenue was up 57.4% on a year-over-year basis. During the same period last year, the business earned $1.77 earnings per share. On average, equities research analysts anticipate that Chevron Corporation will post 17.59 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a $1.78 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Insider Activity

In other news, Director John B. Hess sold 100,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by insiders.

Chevron Profile

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.