Chevron Corporation $CVX Shares Purchased by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors increased its Chevron stake by 13.2% in the second quarter, purchasing 21,534 additional shares for a total holding valued at approximately $30.5 million. Institutional investors collectively own 72.42% of Chevron’s stock.
• Chevron reported strong quarterly results, with earnings of $6.06 per share and revenue of $67.2 billion, both exceeding analyst estimates. Revenue rose 57.4% year over year.
• Chevron declared a quarterly dividend of $1.78 per share, equivalent to an annualized $7.12 payout and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $211.35, while insiders have sold significant shares in recent months.

Concurrent Investment Advisors LLC increased its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,166 shares of the oil and gas company's stock after buying an additional 21,534 shares during the period. Concurrent Investment Advisors LLC's holdings in Chevron were worth $30,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First PREMIER Bank increased its position in shares of Chevron by 0.8% during the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company's stock worth $1,070,000 after acquiring an additional 50 shares during the period. Vanguard Capital Wealth Advisors boosted its holdings in Chevron by 1.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company's stock valued at $467,000 after purchasing an additional 50 shares during the period. Cornerstone Advisory LLC grew its stake in Chevron by 0.9% during the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company's stock worth $1,164,000 after purchasing an additional 52 shares in the last quarter. Compton Financial Group LLC grew its stake in Chevron by 1.9% during the 1st quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company's stock worth $609,000 after purchasing an additional 56 shares in the last quarter. Finally, Quantum Portfolio Management LLC increased its holdings in Chevron by 2.7% during the 1st quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company's stock worth $435,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Down 0.2%

Shares of Chevron stock opened at $211.45 on Friday. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71. The company has a market cap of $417.78 billion, a P/E ratio of 20.27, a PEG 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 firm has a fifty day moving average of $190.35 and a two-hundred day moving average of $189.64.

Chevron (NYSE:CVX - Get Free Report) last issued 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. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. The business's quarterly revenue was up 57.4% compared to the same quarter last year. On average, analysts forecast that Chevron Corporation will post 16.24 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron's dividend payout ratio is currently 68.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating and issued a $216.00 price target on shares of Chevron in a research report on Friday, July 10th. Wolfe Research upgraded shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price on the stock in a research note on Thursday, July 2nd. BMO Capital Markets raised their target price on shares of Chevron from $210.00 to $235.00 and gave the company an "outperform" rating in a report on Thursday. 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, Barclays lowered their price target on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, August 17th. Twenty equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.35.

Insiders Place Their Bets

In other Chevron news, insider R. Pate sold 2,470 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the sale, the insider 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Walz sold 16,800 shares of the 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 transaction, the insider directly owned 14 shares of the company's stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by insiders.

Key Chevron News

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.

About Chevron

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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