World Investment Advisors Has $12.99 Million Stock Holdings in Chevron Corporation $CVX

World Investment Advisors increased its stake in shares of Chevron Corporation (NYSE:CVX) by 24.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 85,213 shares of the oil and gas company’s stock after buying an additional 16,596 shares during the period. World Investment Advisors’ holdings in Chevron were worth $12,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Strategic Wealth Advisors LLC bought a new stake in Chevron during the 4th quarter worth about $33,000. Decker Retirement Planning Inc. bought a new stake in shares of Chevron in the 3rd quarter valued at about $34,000. Daytona Street Capital LLC bought a new stake in Chevron during the 4th quarter worth approximately $44,000. Turning Point Benefit Group Inc. bought a new stake in Chevron during the 3rd quarter worth approximately $49,000. Finally, Maseco LLP bought a new stake in Chevron during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher crude prices and Middle East supply fears are lifting the outlook for oil producers, with several articles naming Chevron as a stock that could benefit if oil prices move higher. 3 Oil Stocks to Buy Before Prices Head Higher
• Positive Sentiment: Reuters reported that Syria selected an offshore block for its first deep-water oil and gas project with Chevron and Qatar’s UCC Holding, which could expand Chevron’s international exploration opportunities if the project advances. Syria selects offshore block for first deep-water oil, gas project with Chevron
• Neutral Sentiment: ADL and JLens urged Chevron shareholders to vote against Proposal 6 at the May 27 annual meeting, highlighting ongoing ESG and geopolitical controversy around the company’s Israel-related operations. ADL and JLens Urge Chevron Shareholders to Vote AGAINST Proposal 6
• Neutral Sentiment: Analysts are debating whether Chevron is still a safe bet after its sharp rally, with some commentary suggesting limited upside from current levels despite the recent strength in oil. Is Chevron a Safe Bet in the Energy Sector?
• Negative Sentiment: Some market commentary argues a drop in oil prices could signal weaker economic demand, which would be a risk for Chevron if crude cools off from recent highs. Here’s Why a Drop in Oil Prices Might Be a Warning Sign for the Economy

Insider Buying and Selling at Chevron

In other Chevron news, Director John B. Hess sold 195,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $184.78, for a total value of $36,032,100.00. Following the completion of the transaction, the director owned 658,045 shares in the company, valued at $121,593,555.10. This represents a 22.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 816,434 shares of company stock valued at $154,338,976 in the last three months. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Argus set a $203.00 price target on shares of Chevron in a research note on Tuesday, February 3rd. TD Cowen raised their price target on Chevron from $204.00 to $205.00 and gave the company a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. Sanford C. Bernstein dropped their target price on Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a report on Monday. Finally, Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Chevron has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Chevron Price Performance

Chevron stock opened at $185.95 on Wednesday. The stock’s 50 day moving average is $193.16 and its 200 day moving average is $172.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm has a market cap of $370.33 billion, a P/E ratio of 32.23, a P/E/G ratio of 0.64 and a beta of 0.51. Chevron Corporation has a one year low of $133.77 and a one year high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The firm had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Chevron Corporation will post 15.02 EPS for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron’s dividend payout ratio is 123.40%.

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.