CX Institutional Decreases Stock Position in Chevron Corporation $CVX

CX Institutional trimmed its stake in shares of Chevron Corporation (NYSE:CVX) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,901 shares of the oil and gas company’s stock after selling 3,091 shares during the quarter. CX Institutional’s holdings in Chevron were worth $9,282,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sandro Wealth Management LLC bought a new position in Chevron during the 4th quarter valued at $411,000. Signature Wealth Management Partners LLC boosted its stake in Chevron by 2.7% during the 4th quarter. Signature Wealth Management Partners LLC now owns 3,844 shares of the oil and gas company’s stock valued at $586,000 after acquiring an additional 100 shares during the last quarter. SevenBridge Financial Group LLC boosted its stake in Chevron by 3.7% during the 4th quarter. SevenBridge Financial Group LLC now owns 5,956 shares of the oil and gas company’s stock valued at $998,000 after acquiring an additional 214 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in Chevron by 6.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 59 shares during the last quarter. Finally, Composition Wealth LLC boosted its stake in Chevron by 10.6% during the 4th quarter. Composition Wealth LLC now owns 90,990 shares of the oil and gas company’s stock valued at $13,868,000 after acquiring an additional 8,745 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CVX shares. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, February 17th. Barclays increased their price objective on shares of Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. BNP Paribas Exane upgraded shares of Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price objective on the stock in a research note on Friday, April 17th. Finally, Argus set a $203.00 price objective on shares of Chevron in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.09.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Adjusted Q1 results topped Street estimates — Chevron reported adjusted EPS of $1.41, outpacing consensus, helped by higher oil & gas realizations and upstream production gains (Hess integration lifted output). Chevron’s upstream strength lifts first-quarter earnings past estimate
• Neutral Sentiment: Elevated crude prices from Middle East tensions remain a potential tailwind for future quarters, but the path is volatile and timing of higher realized profits depends on hedging and production recovery. Big Oil earnings and oil price context
• Neutral Sentiment: Wall Street positioning: analysts have been updating forecasts ahead of and after the print (some raise long‑term EPS outlooks), which could limit downside if guidance/forward cues are constructive. Analyst forecast changes ahead of Q1
• Negative Sentiment: Headline profits plunged (net income fell ~36%) primarily because of derivative timing losses and hedges that moved against Chevron, dragging reported earnings even though operational results improved. Profit hits five-year low due to hedging & timing
• Negative Sentiment: Balance‑sheet / cash‑flow signal: management flagged Middle East risks and the company’s net‑debt-to‑cash‑flow metric worsened, increasing investor concern about near‑term financial flexibility. Net debt to cash flow worsens; CEO flags risks
• Negative Sentiment: Short‑term market pressure from softening oil: crude weakened intraday (~3% drop), which pulled energy names lower and amplified selling after the mixed print. Crude oil down 3% and mixed Q1 coverage

Insider Activity at Chevron

In related news, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares in the company, valued at approximately $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 695,439 shares of company stock valued at $131,274,332 in the last ninety days. 0.56% of the stock is owned by insiders.

Chevron Stock Down 1.3%

Shares of NYSE:CVX opened at $190.79 on Friday. The stock has a market capitalization of $380.12 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51. Chevron Corporation has a 1-year low of $133.77 and a 1-year high of $214.71. The company’s fifty day moving average is $193.08 and its two-hundred day moving average is $171.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.44. The company had revenue of $48.61 billion for the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 earnings per share. Equities analysts anticipate that Chevron Corporation will post 14.13 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is 123.40%.

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.