TD Waterhouse Canada Inc. Has $20.90 Million Stock Position in Chevron Corporation $CVX

TD Waterhouse Canada Inc. boosted its position in shares of Chevron Corporation (NYSE:CVX) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,209 shares of the oil and gas company’s stock after acquiring an additional 3,284 shares during the period. TD Waterhouse Canada Inc.’s holdings in Chevron were worth $20,901,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CVX. Quaker Wealth Management LLC increased its stake in Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares during the period. Decker Retirement Planning Inc. bought a new position in Chevron during the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 118 shares in the last quarter. IMG Wealth Management Inc. boosted its holdings in Chevron by 52.3% during the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 91 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new stake in shares of Chevron in the 3rd quarter valued at approximately $41,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Up 0.7%

CVX opened at $171.15 on Friday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $174.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a fifty day moving average of $155.87 and a 200-day moving average of $155.24. The company has a market capitalization of $344.60 billion, a P/E ratio of 24.07, a P/E/G ratio of 11.83 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. During the same quarter last year, the business earned $2.48 earnings per share. Chevron’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Insiders Place Their Bets

In other news, insider Alana K. Knowles sold 3,200 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the transaction, the insider directly owned 1,207 shares in the company, valued at approximately $202,776. This represents a 72.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eimear P. Bonner sold 28,334 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $4,676,526.70. Following the sale, the chief financial officer directly owned 4,366 shares in the company, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 635,190 shares of company stock worth $100,254,408. 0.21% of the stock is owned by company insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron plans to boost Venezuelan crude exports to the U.S. to ~300k barrels per day in March, which would increase feedstock volumes and near-term cash generation for its trading/marketing and refining exposures. Article Title
• Positive Sentiment: Analysts remain constructive: BMO reiterated a Buy citing Permian well performance and longer-term production visibility; other shops (RBC, DBS) have maintained or issued Buy ratings — supporting investor sentiment and the stock multiple. Article Title
• Positive Sentiment: Geopolitical risk is lifting oil prices (Iran tensions / U.S. naval movements), a tailwind for integrated oil majors’ earnings and dividend support that benefits Chevron’s stock sentiment. Article Title
• Positive Sentiment: Large institutional investors have been accumulating Chevron, which can underpin share demand and limit downside during earnings volatility. Article Title
• Neutral Sentiment: Market is focused on Chevron’s upcoming Q4 report — previews and analyst notes are circulating but consensus is mixed; this makes near-term moves earnings-driven rather than purely fundamentals-driven. Article Title
• Neutral Sentiment: Kazakhstan officials say Chevron has pledged reliable, safe operations at the Tengiz field — operational reassurance but not a major near-term catalyst. Article Title
• Negative Sentiment: Quarterly previews (Seeking Alpha and others) flag an expected sharp slide in Q4 profit vs. year-ago levels — that downside to near-term earnings could cap upside unless Chevron provides encouraging guidance. Article Title
• Negative Sentiment: Political and strategic debates over investing in Venezuela create policy and reputational risk, and Wall Street’s push for spending discipline means management faces conflicting pressures on capital allocation. Article Title

Analysts Set New Price Targets

A number of brokerages have commented on CVX. Jefferies Financial Group upped their price objective on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Barclays upped their target price on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Mizuho increased their price target on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Freedom Capital downgraded shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley decreased their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $170.00.

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.