Chevron Corporation $CVX Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in shares of Chevron Corporation (NYSE:CVX) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,215 shares of the oil and gas company’s stock after purchasing an additional 5,177 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Chevron were worth $17,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smith Chas P & Associates PA Cpas raised its holdings in Chevron by 21.0% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 15,297 shares of the oil and gas company’s stock worth $2,331,000 after purchasing an additional 2,651 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc grew its position in shares of Chevron by 174.3% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 26,903 shares of the oil and gas company’s stock worth $4,100,000 after acquiring an additional 17,096 shares during the last quarter. MTM Investment Management LLC grew its position in shares of Chevron by 0.6% during the fourth quarter. MTM Investment Management LLC now owns 30,362 shares of the oil and gas company’s stock worth $4,627,000 after acquiring an additional 179 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Chevron by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock worth $6,620,187,000 after acquiring an additional 134,890 shares during the last quarter. Finally, Coordinated Financial Services Inc. grew its position in shares of Chevron by 11.7% during the fourth quarter. Coordinated Financial Services Inc. now owns 2,998 shares of the oil and gas company’s stock worth $457,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the topic of a number of research reports. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a research report on Thursday, April 9th. Citigroup raised their target price on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Barclays raised their target price on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 target price on shares of Chevron in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.70.

Insider Transactions at Chevron

In related news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares in the company, valued at $53,718,294. This trade represents a 57.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,179,699 shares of company stock worth $224,675,517 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Mizuho raised its price target on Chevron to $230 and kept an outperform rating, signaling expectations for meaningful upside from current levels.
• Positive Sentiment: RBC Capital and UBS remained bullish after strong Q1 results, reinforcing the view that Chevron’s earnings strength and free cash flow can support the shares.
• Positive Sentiment: New coverage highlighted Chevron as a top high-yield energy name, with analysts emphasizing its dividend appeal and resilience for long-term income investors.
• Positive Sentiment: Chevron shareholders rejected a proposal for an independent board chair, which preserves the company’s current leadership structure and may be seen as a vote of confidence in management. Reuters article
• Neutral Sentiment: Multiple articles continued to frame Chevron as a durable, income-oriented energy stock, but these pieces were mostly commentary rather than new company-specific catalysts.
• Neutral Sentiment: Reports about Chevron’s Mediterranean gas expansion and recent valuation checks suggest long-term growth potential, though they did not provide a fresh short-term catalyst.
• Negative Sentiment: Some market commentary noted that Chevron is already trading at a premium to recent levels, which may be encouraging investors to wait for a better entry point.

Chevron Stock Performance

NYSE:CVX opened at $182.24 on Thursday. The firm’s fifty day moving average price is $192.89 and its 200 day moving average price is $175.45. Chevron Corporation has a 1-year low of $135.21 and a 1-year high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm has a market cap of $362.95 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same period last year, the firm posted $2.18 EPS. Chevron’s quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Chevron Corporation will post 15.74 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) 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.