Lederer & Associates Investment Counsel CA Sells 4,088 Shares of Chevron Corporation $CVX

Lederer & Associates Investment Counsel CA lowered its position in shares of Chevron Corporation (NYSE:CVX) by 49.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,155 shares of the oil and gas company’s stock after selling 4,088 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Chevron were worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CVX. Quaker Wealth Management LLC increased its holdings in Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 439 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings 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 worth $37,000 after buying an additional 118 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Chevron in the 3rd quarter worth approximately $41,000. IMG Wealth Management Inc. increased its stake in shares of 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 buying an additional 91 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Chevron by 306.1% during the third 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. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity

In other news, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $720,608.30. This represents a 86.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 631,990 shares of company stock worth $99,716,808. Corporate insiders own 0.20% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in advanced talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third parties — a clear potential earnings and volume catalyst. Read More.
• Positive Sentiment: Shipping and operational activity is picking up: data and filings show Chevron loading Venezuelan crude and contracting multiple tankers, signalling the company can scale flows quickly if approvals hold. Read More.
• Positive Sentiment: Market positioning and deal activity: reports show Chevron competing with traders and partners to control Venezuelan exports and lining up bids for international assets — moves that could expand supply links and reserves. Read More.
• Positive Sentiment: Analyst support: Bernstein and other outlets have recently raised targets or reiterated bullish theses on CVX amid the Venezuela angle, providing analyst-driven validation. Read More.
• Neutral Sentiment: White House engagement: President Trump met with oil executives to discuss Venezuela reconstruction — policy backing could help but details, guarantees and timelines remain uncertain. Read More.
• Neutral Sentiment: Companies want guarantees: FT/Reuters reporting that U.S. majors want formal guarantees from Washington before committing large capital, implying any large-scale Venezuela rebuild will be phased and conditional. Read More.
• Neutral Sentiment: Distribution risk: some shipments to traditional buyers (notably Chinese buyers) are paused, tempering near-term cash conversion despite increased loading activity. Read More.
• Negative Sentiment: Large insider selling disclosed (CEO, CFO and other insiders sold sizable blocks in early January), which can be perceived negatively and add short-term selling pressure. Read More.
• Negative Sentiment: Analyst downgrades and sell-side caution: at least one firm cut CVX to “Strong Sell” and others trimmed price targets, reflecting some skepticism about sustainable upside after the recent run. Read More. Read More.
• Negative Sentiment: Political/reputational risk: high-profile criticism and scrutiny around U.S. handling of Venezuela investments raise execution and regulatory uncertainty. Read More.

Chevron Stock Performance

Shares of CVX opened at $162.15 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock has a market cap of $326.49 billion, a P/E ratio of 22.81, a P/E/G ratio of 10.19 and a beta of 0.70. The business’s 50 day moving average price is $152.31 and its 200-day moving average price is $153.56. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. The business had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.48 earnings per share. Equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.2%. Chevron’s payout ratio is 96.20%.

Analysts Set New Price Targets

Several analysts recently weighed in on CVX shares. Mizuho lifted their price target on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Morgan Stanley lifted their target price on shares of Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Piper Sandler decreased their price target on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a research note on Thursday. HSBC set a $169.00 price objective on Chevron and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, Hsbc Global Res raised Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $167.14.

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.