Little House Capital LLC Raises Stake in Chevron Corporation $CVX

Little House Capital LLC raised its position in Chevron Corporation (NYSE:CVX) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,726 shares of the oil and gas company’s stock after purchasing an additional 8,416 shares during the period. Chevron accounts for 1.2% of Little House Capital LLC’s investment portfolio, making the stock its 26th largest holding. Little House Capital LLC’s holdings in Chevron were worth $5,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quaker Wealth Management LLC boosted its position in shares of Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Chevron in the 3rd quarter valued at $34,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Chevron by 86.1% in 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 buying an additional 118 shares during the last quarter. Marquette Asset Management LLC purchased a new stake in Chevron during the 3rd quarter valued at approximately $41,000. Finally, IMG Wealth Management Inc. raised 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 worth $38,000 after purchasing an additional 91 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Alana K. Knowles sold 3,200 shares of the company’s stock in a transaction that occurred 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 owned 1,207 shares of the company’s stock, valued at approximately $202,776. This represents a 72.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction 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 completion of the transaction, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. This trade represents a 95.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 635,190 shares of company stock worth $100,254,408 in the last three months. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CVX shares. Mizuho lifted their target price on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Barclays lifted their price objective on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Morgan Stanley cut their target price on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Finally, Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $170.00.

Chevron Stock Performance

NYSE:CVX opened at $169.03 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $169.37. The company has a market capitalization of $340.35 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 11.83 and a beta of 0.70. The firm has a 50-day moving average price of $155.08 and a two-hundred day moving average price of $155.03.

Chevron (NYSE:CVX) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating 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 firm had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. Chevron’s dividend payout ratio (DPR) is 96.20%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Big asset managers are increasing CVX exposure — BlackRock, Vanguard and other large funds have added to positions, supporting demand from long?term institutional investors. The Value Stock Big-Money Managers Are Quietly Buying
• Positive Sentiment: Board upgrade: Chevron appointed veteran executive Thomas W. Horton to the board and audit committee, adding governance and capital?allocation expertise that investors view as supportive of shareholder returns. Chevron appoints veteran executive Thomas Horton to board
• Positive Sentiment: Exploration and production upside: Chevron-led JV reported a significant offshore oil discovery in Nigeria, which could add future production and reserves if appraisal confirms size. Chevron-led JV makes ‘significant’ oil discovery offshore Nigeria
• Positive Sentiment: Commercial activity ramps: Chevron is increasing Venezuelan oil shipments amid shifting U.S. policy, which may boost near?term volumes; and it signed an MoU with Libya’s NOC to resume exploration after a long absence. Chevron ramps up Venezuelan oil shipments as US tightens control Chevron Signs MoU With Libya’s NOC to Boost Oil and Gas Exploration
• Positive Sentiment: Sell?side tone remains constructive: Analysts remain cautiously bullish on Chevron’s longer?term outlook despite recent underperformance vs. the S&P 500, which supports accumulation by value?oriented investors. Do Wall Street Analysts Like Chevron Stock?
• Neutral Sentiment: Near?term earnings focus: Multiple previews and analyst notes flag January 30 Q4 results as a potential catalyst; analysts and traders are positioning ahead of the print, which can increase volatility but is not a directional verdict. Here’s How to Play Chevron Stock Before Q4 Earnings Release
• Neutral Sentiment: Mixed valuation views: Some pieces argue CVX looks materially undervalued on longer?term metrics, while others caution upside may be limited near term — leaving investors divided on timing. Are Investors Undervaluing Chevron Corporation (NYSE:CVX) By 49%?
• Negative Sentiment: Deal risk: Reuters reports Chevron is pushing Iraq for improved terms before taking over Lukoil’s West Qurna?2 field — a negotiation that could delay the transaction or reduce its financial upside if terms aren’t met. This is a near?term execution/negotiation risk. Exclusive: Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say

Chevron Company 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.