Prosperitas Financial LLC Purchases 2,923 Shares of Chevron Corporation $CVX

Prosperitas Financial LLC lifted its position in Chevron Corporation (NYSE:CVX) by 9.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,842 shares of the oil and gas company’s stock after buying an additional 2,923 shares during the period. Chevron makes up about 1.8% of Prosperitas Financial LLC’s investment portfolio, making the stock its 20th biggest position. Prosperitas Financial LLC’s holdings in Chevron were worth $5,610,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC purchased a new position in Chevron in the first quarter worth about $25,000. Core Wealth Advisors LLC bought a new stake in shares of Chevron during the 4th quarter valued at about $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron during the 4th quarter valued at about $26,000. Basso Capital Management L.P. purchased a new stake in shares of Chevron during the 4th quarter valued at about $27,000. Finally, Karpus Management Inc. bought a new position in shares of Chevron in the 4th quarter worth approximately $27,000. Institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In related news, insider R. Pate sold 2,470 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the transaction, the insider directly owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction on 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 owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company’s stock.

Chevron Trading Down 0.2%

Shares of Chevron stock opened at $211.45 on Friday. The company has a market capitalization of $417.78 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.63 and a beta of 0.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The company has a fifty day moving average of $190.35 and a 200 day moving average of $189.64. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion for 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 quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. On average, sell-side analysts anticipate that Chevron Corporation will post 16.24 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela expansion offers significant production growth. Chevron plans to invest more than $7 billion over five years, add acreage in Venezuela’s Orinoco Belt and increase joint-venture production from roughly 280,000 barrels per day toward 600,000 barrels per day. Updated fiscal, commercial and legal terms could improve project economics, with reported production costs below $20 per barrel. Chevron expands Venezuela position, to invest $7 billion in next five years
• Positive Sentiment: Oil-price momentum is supporting energy shares. Crude prices above $90 per barrel, strong second-quarter earnings and a 20% increase in worldwide production have boosted sentiment toward Chevron and the broader energy sector. Analysts and dividend-focused coverage also highlight Chevron’s long record of annual dividend increases. Chevron Stock Opinions on Rising Oil Prices
• Neutral Sentiment: Ghana provides another long-term option, but no immediate earnings impact. Chevron and Shell signed a nonbinding preliminary agreement covering potential production rights in Ghana’s South Deepwater Tano Cape Three Points block. Ownership, capital requirements and commercial terms remain undisclosed, so investors have limited visibility into the opportunity. Chevron, Shell sign preliminary agreement with Ghana
• Negative Sentiment: Investors remain concerned about Venezuela’s risks and the scale of spending. The production target depends on infrastructure, financing, sanctions and political stability, while critics question whether Venezuela can deliver the promised growth. Chevron’s shares also trade at elevated levels following the rally, and reported insider activity shows selling rather than purchases, potentially limiting near-term upside.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CVX. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Sanford C. Bernstein increased their price target on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a research report on Thursday, July 2nd. Wells Fargo & Company lifted their price target on shares of Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group restated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.35.

Chevron Company 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.