B. Metzler seel. Sohn & Co. AG Invests $10.33 Million in Chevron Corporation $CVX

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a $10.33 million position in Chevron by purchasing 62,313 shares during the second quarter. Institutional investors and hedge funds collectively own 72.42% of CVX.
• Chevron exceeded quarterly expectations, reporting $6.06 in EPS and $67.20 billion in revenue, while maintaining a quarterly dividend of $1.78, or a 3.5% annualized yield. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $207.48 price target.
• Potential headwinds include recent insider selling, execution concerns related to Hess Midstream, and the possibility that increased Iraqi oil production could pressure global crude prices and Chevron’s earnings.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 62,313 shares of the oil and gas company's stock, valued at approximately $10,329,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVX. Kayne Anderson Capital Advisors LP bought a new position in shares of Chevron during the second quarter worth approximately $11,977,000. NFJ Investment Group LLC bought a new stake in shares of Chevron in the second quarter valued at about $13,461,000. Bernicke Wealth Management Ltd. grew its stake in shares of Chevron by 0.9% in the second quarter. Bernicke Wealth Management Ltd. now owns 10,805 shares of the oil and gas company's stock valued at $1,791,000 after acquiring an additional 95 shares in the last quarter. Silvant Capital Management LLC acquired a new position in shares of Chevron in the second quarter valued at about $433,000. Finally, LaSalle St. Investment Advisors LLC bought a new position in Chevron during the second quarter worth about $1,043,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Brent crude recently approached $94–$95 per barrel amid renewed Middle East tensions and concerns about Strait of Hormuz disruptions. Sustained higher oil prices typically benefit Chevron’s upstream revenue, margins and cash flow. Chevron jumps as Brent crude approaches $94
• Positive Sentiment: Chevron confirmed an oil and gas condensate discovery at the 105-4X well in offshore Angola. Its proximity to existing facilities could allow a lower-cost tie-back, creating a potential source of future production. Chevron Angola discovery analysis
• Positive Sentiment: Chevron’s $1.78 quarterly dividend, equal to $7.12 annually and an approximately 3.5% yield, reinforces its appeal to income investors. The company also recently exceeded quarterly earnings and revenue expectations. Chevron raises dividend
• Neutral Sentiment: Analysis comparing Chevron with Exxon Mobil highlights differing long-term strategies, including Chevron’s continued emphasis on oil and gas. The approach could benefit from strong commodity prices but leaves CVX more exposed to future oil-demand and price cycles. Chevron versus Exxon Mobil analysis
• Negative Sentiment: Iraq plans to more than double its oil output over the next six years. If achieved, the added supply could pressure global crude prices and reduce the earnings benefit Chevron receives from today’s elevated prices. Iraq oil output and Chevron
• Negative Sentiment: Two Chevron insiders sold shares recently: Andrew Benjamin Walz sold 16,800 shares, while R. Hewitt Pate sold 2,470 shares. Although such transactions may reflect personal financial planning, they can create a modest sentiment overhang. Chevron insider sale report
• Negative Sentiment: A separate analysis says concerns remain centered on Chevron, including issues surrounding its Hess Midstream exposure and broader execution risks. The report may temper enthusiasm after CVX’s recent advance. Hess Midstream: The Issue Remains With Chevron

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CVX shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $220.00 price objective on shares of Chevron in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Barclays cut their price target on Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday. Dbs Bank raised Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Finally, Morgan Stanley raised their price objective on Chevron from $210.00 to $218.00 and gave the stock an "overweight" rating in a research note on Wednesday. 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $207.48.

Chevron Stock Performance

Shares of CVX stock opened at $205.25 on Friday. The stock has a market capitalization of $405.53 billion, a PE ratio of 19.68, a PEG ratio of 0.62 and a beta of 0.49. The business's 50 day simple moving average is $185.03 and its 200 day simple moving average is $188.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company's revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.77 EPS. As a group, research analysts forecast that Chevron Corporation will post 16.17 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is presently 68.26%.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the sale, the director directly owned 178,045 shares of the company's stock, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew Benjamin 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 transaction, the insider owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Company insiders own 0.56% of the company's stock.

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.

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