MFF Capital Investments Ltd Makes New Investment in Chevron Corporation $CVX

MFF Capital Investments Ltd purchased a new stake in Chevron Corporation (NYSE:CVX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,000 shares of the oil and gas company’s stock, valued at approximately $7,147,000. Chevron accounts for about 0.5% of MFF Capital Investments Ltd’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVX. Montaka Global Pty Ltd bought a new stake in shares of Chevron in the third quarter valued at about $10,408,000. Narwhal Capital Management grew its position in Chevron by 2.8% during the third quarter. Narwhal Capital Management now owns 35,505 shares of the oil and gas company’s stock worth $7,250,000 after buying an additional 968 shares in the last quarter. Csenge Advisory Group increased its stake in Chevron by 0.6% during the third quarter. Csenge Advisory Group now owns 37,140 shares of the oil and gas company’s stock valued at $7,584,000 after acquiring an additional 207 shares during the period. New York Life Investment Management LLC increased its stake in Chevron by 5.3% during the third quarter. New York Life Investment Management LLC now owns 274,543 shares of the oil and gas company’s stock valued at $56,064,000 after acquiring an additional 13,785 shares during the period. Finally, DMKC Advisory Services LLC increased its stake in Chevron by 2.5% during the third quarter. DMKC Advisory Services LLC now owns 20,577 shares of the oil and gas company’s stock valued at $4,202,000 after acquiring an additional 503 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company raised their price objective on Chevron from $230.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. TD Cowen lifted their price objective on Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a report on Monday, October 12th. Argus boosted their price objective on Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. BNP Paribas Exane cut their target price on Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, BMO Capital Markets raised their target price on Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.88.

Insiders Place Their Bets

In other news, insider Andrew Walz sold 16,800 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R. Pate sold 40,700 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the completion of the sale, the insider owned 8,791 shares in the company, valued at $1,992,480.15. This represents a 82.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 379,470 shares of company stock worth $77,216,415 over the last three months. 0.56% of the stock is currently owned by corporate insiders.

Chevron Trading Up 0.2%

CVX stock opened at $211.15 on Wednesday. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $236.48. The firm has a market cap of $414.99 billion, a P/E ratio of 15.45, a P/E/G ratio of 0.49 and a beta of 0.47. The business’s 50 day moving average is $215.19 and its 200-day moving average is $194.85. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, topping the consensus estimate of $4.87 by $0.41. The business had revenue of $65.24 billion during the quarter, compared to the consensus estimate of $61.82 billion. Chevron had a return on equity of 14.49% and a net margin of 11.56%. Chevron’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. Equities analysts anticipate that Chevron Corporation will post 18.56 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, November 18th. Chevron’s dividend payout ratio is 52.08%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is selling QatarEnergy a 25% stake in its PEL82 offshore exploration license in Namibia. The deal shares exploration costs while Chevron retains control and exposure to potential discoveries. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Positive Sentiment: Chevron is pursuing a $13.8 billion expansion in Argentina’s Vaca Muerta shale formation, aiming to triple its output there by 2035. Applying Permian expertise could support growth, though the plan faces high costs and pipeline constraints. Can Chevron’s $13.8B Vaca Muerta Bet Fuel Long-Term Growth?
• Neutral Sentiment: Chevron plans to double production in Venezuela, offering potential volume growth but exposing the company to political and investment risks. The article notes ExxonMobil’s reluctance to return after past asset seizures and flags uncertainty around long-term oil demand. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.
• Negative Sentiment: Oil prices fell to their lowest since August after President Trump said the Iran war was effectively over. Lower crude prices can weigh on Chevron’s earnings outlook; however, the report says there was no signed deal and Iran denied talks, leaving the situation uncertain. Oil Prices Just Fell to Their Lowest Since August

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives. The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.