St. Louis Financial Planners Asset Management LLC Makes New Investment in Chevron Corporation $CVX

Key Points

• St. Louis Financial Planners Asset Management acquired 22,922 Chevron shares worth approximately $4.99 million, making Chevron its eighth-largest holding and representing 2.2% of its portfolio. Institutional investors collectively own 72.42% of Chevron.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $213.42; JPMorgan and Goldman Sachs set targets of $222 and $228, respectively.
• Chevron reported quarterly EPS of $6.06, exceeding estimates, while revenue rose 57.4% year over year to $67.2 billion. The company also pays a quarterly dividend of $1.78 per share, equivalent to a 3.2% annualized yield.

St. Louis Financial Planners Asset Management LLC bought a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,922 shares of the oil and gas company's stock, valued at approximately $4,992,000. Chevron accounts for approximately 2.2% of St. Louis Financial Planners Asset Management LLC's portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Snider Financial Group purchased a new position in Chevron in the third quarter worth about $202,000. TD Waterhouse Canada Inc. grew its stake in shares of Chevron by 97.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 329,175 shares of the oil and gas company's stock valued at $67,221,000 after purchasing an additional 162,562 shares during the period. IFC & Insurance Marketing Inc. bought a new stake in shares of Chevron during the 3rd quarter valued at about $464,000. Safir Wealth Advisors LLC purchased a new stake in shares of Chevron during the 3rd quarter valued at about $237,000. Finally, Stronghold Wealth Management L.L.C. purchased a new stake in shares of Chevron during the 3rd quarter valued at about $213,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CVX has been the topic of several recent research reports. HSBC set a $90.00 price objective on shares of Chevron in a research note on Friday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of Chevron from $190.00 to $222.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of Chevron from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday. Dbs Bank raised shares of Chevron to a "moderate buy" rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reduced their target price on shares of Chevron from $240.00 to $228.00 and set a "buy" rating for the company in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $213.42.

Insider Buying and Selling

In related news, insider Andrew Walz sold 16,800 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were 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 directly owned 14 shares of the company's stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Wirth sold 317,100 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. The trade was a 92.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company's stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Morgan Stanley raised its Chevron price target to $226 from $218 and assigned an “overweight” rating, while Wells Fargo reportedly initiated or reiterated a “buy” recommendation. These upgrades reinforce bullish sentiment, although Morgan Stanley’s revised target implies limited additional upside from current levels. Morgan Stanley raises Chevron price target
• Positive Sentiment: Chevron was selected as a relative-strength stock by Zacks, reflecting strong recent price performance and improving earnings estimates. The company is also receiving attention as a long-term and dividend-oriented investment, which may attract additional income-focused investors. Zacks relative strength stock picks
• Positive Sentiment: Wall Street expects a sharp year-over-year increase in Chevron’s third-quarter earnings, with results due by the end of October. Anticipation of stronger profits is helping sustain interest ahead of the report. Chevron earnings expectations
• Neutral Sentiment: Diamond Hill Capital highlighted Chevron in its third-quarter investor letter after its large-cap strategy outperformed the Russell 1000 Value Index. The item indicates institutional interest but does not represent a new company announcement or change in fundamentals. Diamond Hill Chevron investment discussion
• Negative Sentiment: CEO Mike Wirth warned that commercial inventories, emergency reserves and previously sanctioned oil supplies have been depleted following the Iran-related shock. While tighter supply could support crude prices and Chevron’s upstream revenue, it also raises geopolitical, refining and diesel-price risks. Chevron CEO warns oil buffers are depleted

Chevron Price Performance

NYSE CVX opened at $225.00 on Friday. The company has a market capitalization of $444.55 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The business's fifty day moving average is $207.58 and its 200 day moving average is $193.51. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $225.31.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. Chevron's revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 earnings per share. Sell-side analysts predict that Chevron Corporation will post 17.71 earnings per share for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.2%. Chevron's payout ratio is 68.26%.

Chevron Profile

Chevron Corporation NYSE: CVX is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.

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