Czech National Bank Has $88.33 Million Position in Chevron Corporation $CVX

Key Points

• Czech National Bank increased its Chevron position by 4.4% in the second quarter, reaching 532,872 shares valued at approximately $88.33 million. Institutional investors and hedge funds collectively own 72.42% of Chevron.
• Chevron reported strong quarterly results, with $6.06 in EPS beating estimates and revenue rising 57.4% year over year to $67.2 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $207.48, while the company announced a $1.78 quarterly dividend.
• Potential concerns include increased political criticism of oil-company profits and substantial insider selling, including director John B. Hess’s sale of 810,665 shares worth roughly $157 million.

Czech National Bank raised its position in Chevron Corporation (NYSE:CVX - Free Report) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 532,872 shares of the oil and gas company's stock after purchasing an additional 22,355 shares during the quarter. Czech National Bank's holdings in Chevron were worth $88,329,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Cornerstone Advisory LLC raised its holdings in Chevron by 0.9% in the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company's stock valued at $1,164,000 after buying an additional 52 shares during the last quarter. Compton Financial Group LLC boosted its position 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 buying an additional 56 shares during the period. Quantum Portfolio Management LLC boosted its position 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 buying an additional 56 shares during the period. Wealthspire Retirement LLC grew its holdings in Chevron by 0.9% during the 1st quarter. Wealthspire Retirement LLC now owns 6,530 shares of the oil and gas company's stock worth $1,351,000 after acquiring an additional 56 shares during the last quarter. Finally, D.B. Root & Company LLC grew its holdings in Chevron by 1.0% during the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company's stock worth $846,000 after acquiring an additional 57 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Major profit rebound: Chevron reported approximately $12.1 billion in quarterly net income, versus $2.5 billion a year earlier. Results benefited from higher energy prices and supply disruptions linked to the Iran conflict, highlighting the company’s ability to generate cash during periods of market volatility. Chevron Turned $3.1 Billion Loss Into A Gain In One Quarter Amid Heightened Volatility During Iran War
• Positive Sentiment: Operational and financial improvements: Recent coverage points to record production, billions of dollars in debt reduction and a 20-year power agreement with Microsoft for artificial-intelligence infrastructure. These developments strengthen Chevron’s long-term growth profile and balance sheet. Wall Street Is Bullish on Chevron Stock
• Positive Sentiment: TD Cowen raised its Chevron price target from $200 to $205 while maintaining a Hold rating. Chevron is also being highlighted as a cash-flow and dividend-focused energy investment, which may appeal to income-oriented investors. Beyond Oil Prices: The Case for 3 Dividend-Paying Energy Giants
• Neutral Sentiment: Chevron is expanding its North American base-oils distribution network through new partnerships, potentially improving downstream reach and product mix over time. Chevron Broadens North American Base Oils Distribution Network
• Negative Sentiment: Political criticism is increasing as President Trump accuses Chevron and other oil companies of profiting excessively while U.S. gasoline prices rise. This creates potential regulatory, reputational or windfall-tax risks. Trump Rips Exxon and Chevron for Making Too Much Money
• Negative Sentiment: Director John B. Hess sold roughly 810,665 shares worth about $157 million, substantially reducing his holdings. Although insider sales can be planned for personal reasons, the transaction may weigh on investor sentiment.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CVX shares. UBS Group reiterated a "buy" rating on shares of Chevron in a report on Tuesday, June 23rd. Zacks Research downgraded Chevron from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Wolfe Research raised Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price for the company in a research report on Thursday, July 2nd. Piper Sandler started coverage on Chevron in a research report on Thursday, July 23rd. They set an "overweight" rating and a $207.00 target price for the company. Finally, Sanford C. Bernstein lifted their target price on Chevron from $204.00 to $209.00 and gave the stock a "market perform" rating in a report on Monday. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.48.

Chevron Stock Performance

Shares of Chevron stock opened at $189.00 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $182.29 and a two-hundred day moving average price of $185.80. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $214.71. The company has a market cap of $376.40 billion, a P/E ratio of 18.12, a PEG ratio of 0.57 and a beta of 0.49.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.14% 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 company posted $1.77 EPS. As a group, analysts anticipate that Chevron Corporation will post 15.88 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced 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 3.8%. The ex-dividend date is Wednesday, August 19th. Chevron's payout ratio is presently 68.26%.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 100,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,190,665 shares of company stock valued at $230,782,076 in the last ninety days. Insiders own 0.56% of the company's stock.

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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