Staley Capital Advisers Inc. Sells 4,663 Shares of Chevron Corporation $CVX

Staley Capital Advisers Inc. decreased its position in Chevron Corporation (NYSE:CVX) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 398,366 shares of the oil and gas company’s stock after selling 4,663 shares during the quarter. Chevron comprises 2.5% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 12th largest holding. Staley Capital Advisers Inc.’s holdings in Chevron were worth $60,715,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Strategic Wealth Advisors LLC acquired a new stake in Chevron in the 4th quarter worth approximately $33,000. Daytona Street Capital LLC acquired a new stake in Chevron in the 4th quarter worth approximately $44,000. Turning Point Benefit Group Inc. acquired a new stake in Chevron in the 3rd quarter worth approximately $49,000. Maseco LLP acquired a new stake in Chevron in the 4th quarter worth approximately $49,000. Finally, High Point Wealth Management LLC acquired a new stake in Chevron in the 4th quarter worth approximately $53,000. Institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed to sell its Singapore refining stake and other Asia-Pacific downstream assets to ENEOS for roughly $2.17 billion, reinforcing its strategy to streamline the portfolio and potentially improve returns. Reuters article on ENEOS buying Chevron assets
• Positive Sentiment: Another report framed Chevron’s recent earnings as less weak than the headline numbers suggested, noting that the company’s share price did not fall sharply after the results, which may indicate investors are focusing on underlying cash generation and strategic actions rather than the revenue miss. Yahoo Finance article on Chevron earnings
• Neutral Sentiment: Market commentary this week also compared Chevron with TotalEnergies and discussed broader oil-sector themes, but those pieces were more about sector positioning than a direct new fundamental change for Chevron. Motley Fool comparison article
• Negative Sentiment: Chevron’s latest quarter was mixed, with earnings per share beating estimates but revenue coming in below expectations, which could temper enthusiasm if investors refocus on operating performance rather than asset sales. Chevron stock background

Chevron Stock Up 2.3%

Shares of CVX stock opened at $190.91 on Friday. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71. The firm has a market cap of $380.22 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 0.65 and a beta of 0.51. The stock has a 50 day moving average of $193.14 and a 200-day moving average of $173.26. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. During the same period in the previous year, the company earned $2.18 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Chevron Corporation will post 15.43 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio is presently 123.40%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CVX shares. Citigroup boosted their target price on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Wells Fargo & Company boosted their target price on Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a report on Tuesday, January 20th. BNP Paribas Exane upgraded Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 target price for the company in a report on Friday, April 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $216.00 target price on shares of Chevron in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Insiders Place Their Bets

In related news, Director John B. Hess sold 195,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $184.78, for a total value of $36,032,100.00. Following the completion of the transaction, the director directly owned 658,045 shares in the company, valued at approximately $121,593,555.10. This represents a 22.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 803,570 shares of company stock valued at $151,969,798 in the last ninety days. 0.56% of the stock is currently owned by insiders.

About Chevron

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.