This article first appeared on GuruFocus.
Fifty-one ETFs were buying Chevron (CVX) shares versus 18 selling on Wednesday, Nov. 4, yet the sellers carried the day by dollar value with $52.9 million in net selling. More funds traded the other way, but in smaller amounts. The move followed net buying of $28.2 million on Nov. 3 and $1.0 million on Nov. 2. ETF activity over the prior five sessions included a $107.4 million outflow on Oct. 30 and a $64.0 million inflow on Oct. 29.
For the full record of ETF and guru buying and selling in CVX, see the CVX guru trades page.
Which ETFs sold CVX on Wednesday?
The largest sellers by dollar value were XLE ($58.3 million), SPY ($34.9 million) and IXC ($13.9 million). In all, 51 ETFs added shares and 18 cut them.
XLE accounted for the largest share of the selling, shedding 268,670 shares worth $58.3 million, a 0.75% cut to its stake at an 18.65% portfolio weight. SPY reduced its position by 161,022 shares, a $34.9 million value change, while IXC trimmed 64,050 shares for $13.9 million, a 3.88% stake reduction. SSO, LVHD and SPLV also posted smaller declines. Chevron operates in the Energy sector within Oil & Gas Integrated and carries a market cap of $415.4 billion.
Have ETFs been buying or selling CVX lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does CVX do?
Chevron is one of the world’s largest integrated energy companies, engaged in every aspect of the oil and natural gas industry. Its Upstream segment explores for and produces crude oil and natural gas, with major positions in the U.S. Permian Basin and Gulf of Mexico, Kazakhstan’s Tengiz field, Australian LNG, and, following the 2025 acquisition of Hess, a significant stake in the prolific Guyana Stabroek block.
Chevron reported trailing-12-month revenue of $228.45 billion, up 10.9% over the year, with a gross margin of 19.5% and a net margin of 11.8%. The stock trades at a P/E of 15.57, P/B of 2.15 and P/S of 1.84, against a market cap of $415.4 billion. Its GF Score is 64, and the GF Value of $177.26 compares with a price of $212.93. The dividend yield is 3.34%, and the shares are up 43.61% year to date.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
