Everett Harris & Co. CA Has $86.45 Million Stock Position in Chevron Corporation $CVX

Everett Harris & Co. CA cut its holdings in Chevron Corporation (NYSE:CVX) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 556,668 shares of the oil and gas company’s stock after selling 6,351 shares during the period. Chevron makes up approximately 1.1% of Everett Harris & Co. CA’s investment portfolio, making the stock its 20th largest position. Everett Harris & Co. CA’s holdings in Chevron were worth $86,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quaker Wealth Management LLC increased its holdings in shares of Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 439 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Chevron during the third quarter worth approximately $34,000. Vermillion & White Wealth Management Group LLC increased its stake in Chevron by 86.1% during 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 acquiring an additional 118 shares during the period. IMG Wealth Management Inc. raised its holdings in Chevron by 52.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 91 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new stake in shares of Chevron during the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Key Headlines Impacting Chevron

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

Analyst Ratings Changes

A number of brokerages recently commented on CVX. Mizuho raised their price target on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. HSBC set a $169.00 target price on shares of Chevron and gave the company a “buy” rating in a report on Monday, December 1st. Scotiabank reaffirmed a “sector perform” rating and set a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, Bank of America decreased their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $170.00.

Insider Transactions at Chevron

In other news, insider Alana K. Knowles sold 3,200 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total transaction of $537,600.00. Following the sale, the insider directly owned 1,207 shares in the company, valued at approximately $202,776. The trade was a 72.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This represents a 19.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 635,190 shares of company stock worth $100,254,408. 0.21% of the stock is currently owned by insiders.

Chevron Price Performance

Shares of NYSE:CVX opened at $171.15 on Friday. Chevron Corporation has a one year low of $132.04 and a one year high of $174.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The company has a market cap of $344.60 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 11.83 and a beta of 0.70. The firm has a 50 day simple moving average of $155.87 and a 200 day simple moving average of $155.24.

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

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.