LGT Group Foundation Buys 9,643 Shares of Chevron Corporation $CVX

Key Points

• LGT Group Foundation boosted its Chevron stake by 6.8%, buying 9,643 shares to hold 152,177 shares valued at about $23.52 million at the end of the quarter.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12), implying a 3.7% yield, though the dividend payout ratio is notably high at 106.91%.
• Significant insider selling has taken place recently—insiders sold 1,052,197 shares worth roughly $187.1 million over the last 90 days, including large sales by senior executives.

LGT Group Foundation boosted its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,177 shares of the oil and gas company's stock after purchasing an additional 9,643 shares during the period. LGT Group Foundation's holdings in Chevron were worth $23,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CVX. Decker Retirement Planning Inc. acquired a new position in shares of Chevron during the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC raised its position in Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company's stock valued at $37,000 after buying an additional 118 shares during the last quarter. Marquette Asset Management LLC bought a new stake in Chevron in the 3rd quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC lifted its stake in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its position in Chevron by 106.7% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company's stock worth $44,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Up 0.1%

Shares of Chevron stock opened at $190.01 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The business has a fifty day simple moving average of $173.38 and a two-hundred day simple moving average of $160.84. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $192.41. The company has a market capitalization of $379.14 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.91 and a beta of 0.67.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 earnings per share. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $1.78 dividend. This is an increase from Chevron's previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron's dividend payout ratio (DPR) is currently 106.91%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical risk has pushed crude above $100–$116/bbl, directly boosting oil-giant revenues and margins; higher spot prices are a primary driver of today’s upside for CVX. Double, Double, Oil and Trouble: Crude Hits $116 and Here's What It Means
• Positive Sentiment: Bank of America upgraded CVX to a $206 target, prompting fresh buying interest and helping push the stock toward its 1‑year high. Chevron (CVX) Stock Surges Past $191 Following BofA’s Bullish $206 Target Upgrade
• Positive Sentiment: Strategic M&A/asset wins: Chevron closed the Hess deal (adding Guyana exposure) and secured exclusive talks for Iraq’s West Qurna 2 — both support longer‑term production growth and valuation upside. Chevron’s Hess Deal And West Qurna 2 Talks Test Valuation Story
• Positive Sentiment: Defensive/dividend positioning: coverage highlights Chevron’s strong cash flow and long dividend track record, attracting yield-seeking institutional flows amid market volatility. MarketBeat: Chevron highlighted among high-yield defensive stocks
• Neutral Sentiment: Venezuela has resumed diluted crude exports, which could relieve some near-term regional strain; that development is being watched for its net effect on prices (mixed directional impact). Venezuela is back in the oil game at a critical moment
• Neutral Sentiment: Market headlines (e.g., energy names surging while growth suffers) are lifting CVX alongside peers; these flows can be volatile and sentiment-driven. Exxon & Chevron Jump While Berkshire Drops on Sunday Night
• Negative Sentiment: Large insider stock sales by CEO Michael Wirth and Vice Chairman Mark Nelson (multi‑million dollar transactions) may raise governance/perception concerns for some investors. Chevron CEO Sells $51,621,354.40 in Stock
• Negative Sentiment: Valuation and strategy cautions: commentary notes CVX trading above some analyst targets and suggests options strategies (shorting OTM puts/calls) for those who see a peak in oil — signals that some market participants view current levels as stretched. If Oil Is At A Peak, Does Shorting Chevron Puts And Calls Make Sense?

Insider Transactions at Chevron

In other news, insider Andrew Benjamin Walz sold 22,200 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the completion of the sale, the insider owned 666 shares in the company, valued at $117,568.98. The trade was a 97.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Eimear P. Bonner sold 32,100 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $175.01, for a total value of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. This trade represents a 88.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,052,197 shares of company stock worth $187,128,404. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVX. Scotiabank reaffirmed a "sector perform" rating and set a $168.00 price target on shares of Chevron in a research note on Friday, January 16th. BMO Capital Markets restated an "outperform" rating and set a $190.00 target price on shares of Chevron in a report on Monday, February 2nd. Sanford C. Bernstein raised their target price on shares of Chevron from $170.00 to $172.00 and gave the company a "market perform" rating in a research report on Monday, January 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a research report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $178.95.

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.

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.