Staley Capital Advisers Inc. Has $62.59 Million Holdings in Chevron Corporation $CVX

Staley Capital Advisers Inc. grew its stake in shares of Chevron Corporation (NYSE:CVX) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,029 shares of the oil and gas company’s stock after buying an additional 4,389 shares during the period. Chevron accounts for approximately 2.6% of Staley Capital Advisers Inc.’s portfolio, making the stock its 10th largest holding. Staley Capital Advisers Inc.’s holdings in Chevron were worth $62,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Perigon Wealth Management LLC raised its position in shares of Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after purchasing an additional 11,875 shares during the last quarter. New York State Teachers Retirement System increased its stake in Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after purchasing an additional 215,345 shares in the last quarter. Pictet North America Advisors SA purchased a new position in Chevron in the third quarter worth about $5,662,000. Finemark National Bank & Trust lifted its stake in shares of Chevron by 40.3% in the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after buying an additional 16,243 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Chevron by 10.2% during the third quarter. New York State Common Retirement Fund now owns 1,894,470 shares of the oil and gas company’s stock valued at $294,192,000 after buying an additional 175,439 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Price Performance

NYSE CVX opened at $186.47 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $372.07 billion, a P/E ratio of 28.00, a PEG ratio of 12.36 and a beta of 0.67. The company has a 50-day moving average price of $169.52 and a 200-day moving average price of $159.64. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $187.90.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 earnings per share. Equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.8%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Insider Buying and Selling at Chevron

In related news, insider Andrew Benjamin Walz sold 1,463 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.83, for a total transaction of $268,943.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Thomas Ryder Booth sold 1,122 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $182.37, for a total transaction of $204,619.14. The SEC filing for this sale provides additional information. Insiders have sold a total of 534,898 shares of company stock valued at $89,543,711 in the last ninety days. 0.20% of the stock is currently owned by company insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices surged (as much as ~13%) after strikes and closures near the Strait of Hormuz, sending CVX shares up on expectations of higher revenues and refining margins. CVX Shares Surge in Early Trading as Crude Oil Soars on Middle East Turmoil
• Positive Sentiment: Reports that Iran-related fighting effectively shut the Hormuz Strait intensified the oil rally and lifted major integrated names including Chevron as traders price in tighter supply. Crude Oil Prices Skyrocket 13% as Iran Conflict Closes Hormuz Strait — XOM and CVX Gain Ground
• Positive Sentiment: Broader coverage notes energy names like Chevron could run further if geopolitical risk keeps oil elevated, supporting momentum and investor interest in the sector. Exxon and Chevron Soar. Why Energy Stocks Could Go Even Higher.
• Positive Sentiment: Chevron’s talks to operate Iraq’s West Qurna 2 and expansion activity in Venezuela and Greece highlight potential long-term upstream growth that could materially lift reserve and production profiles if concluded. Chevron’s Iraq Talks And New Fields Test Valuation And Risk Profile
• Neutral Sentiment: Major brokerages still show an average “Hold” rating on CVX, indicating analysts see limited near-term upside absent sustained higher oil or deal execution. Chevron Corporation (NYSE:CVX) Receives Average Rating of “Hold” from Brokerages
• Neutral Sentiment: Several retail/investment outlets recommend energy buys given commodity tailwinds, which can attract inflows but reflect opinion rather than firm catalysts. 2 No-Brainer Energy Stocks to Buy Right Now
• Negative Sentiment: Berkshire Hathaway’s new CEO omitted Chevron from his “core” holdings in a shareholder letter, a symbolic shift that could temper investor sentiment about CVX’s status among large, long-term holders. Berkshire Hathaway’s New CEO Omits Bank of America And Chevron In Letter To Shareholders After Warren Buffett’s Exit
• Negative Sentiment: Insider selling (reported ~ $89M) was flagged even as commentators urged holding CVX; insider exits can raise governance or timing concerns for some investors. Chevron Stock Analysis: Why Jim Cramer Advises Holding CVX Despite Insider Sales

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CVX. Argus set a $203.00 price target on shares of Chevron in a research report on Tuesday, February 3rd. Sanford C. Bernstein lifted their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. TD Cowen boosted their target price on Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Mizuho raised 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. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $177.55.

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.