Safeguard Investment Advisory Group LLC Acquires Shares of 6,106 Chevron Corporation $CVX

Key Points

• Safeguard Investment Advisory Group acquired 6,106 Chevron shares worth approximately $1.01 million during the second quarter. Institutional investors collectively own 72.42% of Chevron’s outstanding stock.
• Analyst sentiment remains favorable, with 20 Buy ratings, five Holds and one Sell; Chevron has a consensus “Moderate Buy” rating and a target price of $207.48.
• Chevron exceeded quarterly expectations with $6.06 in EPS and $67.20 billion in revenue, while maintaining a quarterly dividend of $1.78 per share, equivalent to a 3.5% annualized yield. Recent insider sales, including a major disposal by CEO Michael Wirth, provide a counterpoint to the positive outlook.

Safeguard Investment Advisory Group LLC bought a new position in Chevron Corporation (NYSE:CVX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,106 shares of the oil and gas company's stock, valued at approximately $1,012,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCM Advisors LLC purchased a new stake in shares of Chevron in the second quarter valued at about $1,047,000. Tairen Capital Ltd bought a new stake in Chevron in the 2nd quarter worth about $52,612,000. Infrastructure Capital Advisors LLC bought a new stake in Chevron in the 2nd quarter worth about $2,229,000. Cibc World Market Inc. purchased a new stake in Chevron in the 2nd quarter valued at about $145,818,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Chevron in the 2nd quarter valued at about $57,809,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group reissued a "buy" rating and set a $216.00 target price on shares of Chevron in a research report on Friday, July 10th. Zacks Research downgraded Chevron from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Wolfe Research upgraded Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 price target on the stock in a report on Thursday, July 2nd. Sanford C. Bernstein boosted their price objective on Chevron from $204.00 to $209.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Chevron from a "hold (c)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chevron has a consensus rating of "Moderate Buy" and a consensus target price of $207.48.

Chevron Price Performance

Shares of NYSE:CVX opened at $205.25 on Monday. The company's fifty day moving average price is $185.03 and its 200-day moving average price is $188.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The firm has a market capitalization of $405.53 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 0.61 and a beta of 0.49. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the previous year, the firm posted $1.77 EPS. The firm's revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Corporation will post 16.17 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron's payout ratio is 68.26%.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the transaction, the chief executive officer directly owned 26,308 shares of the company's stock, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 16,800 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 14 shares of the company's stock, valued at $2,814.84. The trade was a 99.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is currently owned by company insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Brent crude recently approached $94–$95 per barrel amid renewed Middle East tensions and concerns about Strait of Hormuz disruptions. Sustained higher oil prices typically benefit Chevron’s upstream revenue, margins and cash flow. Chevron jumps as Brent crude approaches $94
• Positive Sentiment: Chevron confirmed an oil and gas condensate discovery at the 105-4X well in offshore Angola. Its proximity to existing facilities could allow a lower-cost tie-back, creating a potential source of future production. Chevron Angola discovery analysis
• Positive Sentiment: Chevron’s $1.78 quarterly dividend, equal to $7.12 annually and an approximately 3.5% yield, reinforces its appeal to income investors. The company also recently exceeded quarterly earnings and revenue expectations. Chevron raises dividend
• Neutral Sentiment: Analysis comparing Chevron with Exxon Mobil highlights differing long-term strategies, including Chevron’s continued emphasis on oil and gas. The approach could benefit from strong commodity prices but leaves CVX more exposed to future oil-demand and price cycles. Chevron versus Exxon Mobil analysis
• Negative Sentiment: Iraq plans to more than double its oil output over the next six years. If achieved, the added supply could pressure global crude prices and reduce the earnings benefit Chevron receives from today’s elevated prices. Iraq oil output and Chevron
• Negative Sentiment: Two Chevron insiders sold shares recently: Andrew Benjamin Walz sold 16,800 shares, while R. Hewitt Pate sold 2,470 shares. Although such transactions may reflect personal financial planning, they can create a modest sentiment overhang. Chevron insider sale report
• Negative Sentiment: A separate analysis says concerns remain centered on Chevron, including issues surrounding its Hess Midstream exposure and broader execution risks. The report may temper enthusiasm after CVX’s recent advance. Hess Midstream: The Issue Remains With Chevron

Chevron 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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