Harel Insurance Investments & Financial Services Ltd. Has $5.35 Million Holdings in Chevron Corporation $CVX

Key Points

• Harel Insurance boosted its stake in Chevron by 313.8% in Q4, acquiring an additional 26,630 shares to hold 35,115 shares valued at about $5.35 million.
• Insiders sold heavily — a total of 621,439 shares worth $118.3 million were sold over the past three months (including a $26.23 million sale by Vice Chairman Mark Nelson), leaving insiders with just 0.56% ownership.
• Operational and market signals: Chevron beat quarterly EPS estimates ($1.41 vs. $1.00) but missed revenue expectations, declared a $1.78 quarterly dividend (3.7% yield), and holds an average analyst rating of "Moderate Buy" with a $202.09 target.

Harel Insurance Investments & Financial Services Ltd. raised its position in Chevron Corporation (NYSE:CVX - Free Report) by 313.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 35,115 shares of the oil and gas company's stock after acquiring an additional 26,630 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Chevron were worth $5,352,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management increased its position in shares of Chevron by 14.9% during the fourth quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company's stock valued at $12,690,000 after acquiring an additional 10,822 shares during the last quarter. Brooklyn FI LLC purchased a new stake in shares of Chevron during the third quarter valued at approximately $431,000. New York State Teachers Retirement System increased its position in shares of Chevron by 15.3% during the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock valued at $251,606,000 after acquiring an additional 215,345 shares during the last quarter. Clear Trail Advisors LLC purchased a new stake in shares of Chevron during the fourth quarter valued at approximately $10,167,000. Finally, Finemark National Bank & Trust increased its position in shares of Chevron by 40.3% during the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company's stock valued at $8,779,000 after acquiring an additional 16,243 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Insiders Place Their Bets

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares of the company's stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 621,439 shares of company stock valued at $118,307,800 over the last three months. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CVX shares. Scotiabank increased their price objective on Chevron from $168.00 to $187.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. Bank of America increased their price objective on Chevron from $188.00 to $206.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Citigroup increased their price objective on Chevron from $210.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, April 2nd. Freedom Capital lowered Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. Finally, Argus set a $203.00 price objective on Chevron in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $202.09.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warning and higher oil prices: CEO Mike Wirth said physical shortages could emerge if the Strait of Hormuz remains disrupted, a comment that supports oil-price upside and benefits integrated producers like Chevron. Chevron CEO says physical shortages in oil supply to begin appearing
• Positive Sentiment: Oil-driven rally and capital returns: Coverage notes that CVX is rallying as crude moves higher and Chevron’s shareholder-friendly capital returns (buybacks/dividends) remain a tailwind for valuation and investor sentiment. Chevron Corporation (CVX) Rallies as Oil Prices Surge and Capital Returns Impress
• Positive Sentiment: Analyst support: Royal Bank of Canada reaffirmed an “outperform” rating and set a $220 price target, signaling broker confidence and potential upside vs. current levels. Benzinga
• Neutral Sentiment: Exploration expansion: Chevron said it will search for oil and gas south of Malta, extending Mediterranean activity — a strategic growth move whose near-term impact on production and cash flow is uncertain. Chevron expands Mediterranean activities with exploration offshore Malta
• Neutral Sentiment: Iraq asset negotiations: Reports that Chevron is in talks for stakes in major Iraqi fields represent meaningful long-term optionality but remain speculative until deals are announced. Chevron Iraqi Oilfield Talks And What They Could Mean For CVX Valuation
• Neutral Sentiment: Ceasefire reports temper tail-risk: U.S. statements that a ceasefire/pauses in hostilities are holding reduce the immediate tail risk of a full-blown Gulf conflict, which could cap further oil-price spikes and limit upside for CVX. US Says Iran Ceasefire in Place After Clashes Over Hormuz
• Negative Sentiment: Reputational and political risk: Consumer Watchdog alleges a “phony” Chevron-funded group is funding ads blaming California policy for high pump prices — a PR/political headwind that could attract regulatory or public-relations costs. Phony Chevron-Funded Group Blames CA When Chevron's Price Gouging Is Pegged For Run Up At Pump According To New State Gas Pricing Report, Says Consumer Watchdog
• Negative Sentiment: Price volatility after geopolitical headlines: While tensions initially pushed oil sharply higher, follow-on reports of the truce and easing shipping disruptions have pulled prices back at times — introducing near-term volatility that can pressure CVX shares. Oil Declines as Fragile Truce Holds Following Hormuz Clashes

Chevron Trading Up 0.2%

Chevron stock opened at $192.65 on Wednesday. The stock has a market cap of $383.81 billion, a P/E ratio of 33.39, a PEG ratio of 0.71 and a beta of 0.51. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The firm's fifty day moving average price is $193.26 and its 200-day moving average price is $171.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 7.01%. The company had revenue of $48.61 billion during the quarter, compared to analyst estimates of $51.86 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Chevron Corporation will post 14.16 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 annualized dividend and a yield of 3.7%. Chevron's payout ratio is currently 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.

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