Chevron Corporation $CVX Stock Position Reduced by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK reduced its Chevron position by 3.3% in the second quarter, selling 21,280 shares and retaining 624,513 shares valued at approximately $103.5 million. Institutional investors collectively own 72.42% of CVX.
• Chevron reported quarterly EPS of $6.06, beating estimates of $5.55, while revenue rose 57.4% year over year to $67.2 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $207.48.
• Potential multibillion-dollar investments in Venezuelan oil fields could support long-term production growth, but political opposition, regulatory uncertainty and commodity-price exposure may limit the benefits and pressure Chevron’s cash-flow flexibility.

Capital Advisors Inc. OK decreased its position in Chevron Corporation (NYSE:CVX - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 624,513 shares of the oil and gas company's stock after selling 21,280 shares during the quarter. Chevron accounts for approximately 1.5% of Capital Advisors Inc. OK's holdings, making the stock its 14th largest position. Capital Advisors Inc. OK's holdings in Chevron were worth $103,519,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CVX. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron during the first quarter worth $25,000. Main Street Group LTD acquired a new position in shares of Chevron in the 1st quarter valued at about $28,000. Phillip James Consulting Co. acquired a new position in shares of Chevron in the 4th quarter valued at about $26,000. Kilter Group LLC bought a new stake in shares of Chevron during the 2nd quarter valued at about $28,000. Finally, Core Wealth Advisors LLC acquired a new stake in Chevron during the fourth quarter worth about $26,000. 72.42% of the stock is currently owned by institutional investors.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is reportedly nearing a deal to migrate all of its Venezuelan joint ventures into a new energy framework, potentially allowing greater operational control and key oilfield expansions. The company already accounts for roughly one-quarter of Venezuela’s oil production. Reuters: Chevron to complete deal in Venezuela to migrate, expand oil projects
• Positive Sentiment: Reports indicate Chevron and oil-services company Halliburton are close to agreements to invest billions of dollars in Venezuelan fields. For Chevron, the opportunity could create a long-term production-growth platform and strengthen its position if Venezuela moves further away from OPEC restrictions. Wall Street Journal: Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Neutral Sentiment: Analyst-oriented coverage is comparing Chevron’s performance with TotalEnergies, while other reports highlight Chevron’s investments in nuclear-fusion technology. Fusion could eventually diversify the company beyond hydrocarbons, but the projects remain experimental and are unlikely to materially affect near-term earnings. Yahoo Finance: What Does Chevron Want From Its Nuclear Fusion Push?
• Negative Sentiment: Venezuelan opposition groups have criticized reports that U.S. companies could receive a large stake in the country’s energy industry. Political resistance, sanctions or regulatory uncertainty could delay the agreement, raise investment costs or limit the expected benefits. The Guardian: Venezuelan opposition reacts to potential U.S. oil stake
• Negative Sentiment: Dividend-focused coverage notes that Chevron’s payout remains exposed to commodity-price cycles. Although the dividend is supported by the company’s scale and balance sheet, weaker oil prices or heavy Venezuelan investment requirements could pressure future cash-flow flexibility. 247WallSt: Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CVX shares. Dbs Bank raised shares of Chevron to a "moderate buy" rating in a report on Thursday, August 6th. Bank of America upped their target price on Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. The Goldman Sachs Group reissued a "buy" rating and issued a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. UBS Group restated a "buy" rating on shares of Chevron in a research report on Tuesday, June 23rd. Finally, Weiss Ratings upgraded Chevron from a "hold (c)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Twenty equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Chevron has a consensus rating of "Moderate Buy" and an average price target of $207.48.

Chevron Trading Up 1.1%

Chevron stock opened at $202.04 on Friday. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $399.18 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 0.60 and a beta of 0.49. The firm has a 50-day moving average price of $187.44 and a two-hundred day moving average price of $188.85.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron's revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.77 earnings per share. Sell-side analysts expect that Chevron Corporation will post 16.24 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is currently 68.26%.

Insiders Place Their Bets

In other news, insider Andrew Benjamin Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company's stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider R. Hewitt 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 value of $506,621.70. Following the transaction, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,152,582 shares of company stock valued at $225,853,661 in the last quarter. 0.56% of the stock is owned by insiders.

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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