Journey Strategic Wealth LLC Acquires 3,104 Shares of Chevron Corporation $CVX

Journey Strategic Wealth LLC boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,125 shares of the oil and gas company’s stock after buying an additional 3,104 shares during the period. Journey Strategic Wealth LLC’s holdings in Chevron were worth $4,833,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CVX. Davis R M Inc. boosted its holdings in shares of Chevron by 5.7% in the third quarter. Davis R M Inc. now owns 27,149 shares of the oil and gas company’s stock valued at $4,216,000 after buying an additional 1,459 shares during the period. Bahl & Gaynor Inc. lifted its position in Chevron by 1.0% in the 3rd quarter. Bahl & Gaynor Inc. now owns 2,263,166 shares of the oil and gas company’s stock valued at $351,447,000 after acquiring an additional 23,178 shares in the last quarter. Finemark National Bank & Trust boosted its stake in Chevron by 40.3% in the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after purchasing an additional 16,243 shares during the period. Bedell Frazier Investment Counselling LLC increased its holdings in Chevron by 4.1% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 20,275 shares of the oil and gas company’s stock worth $3,149,000 after purchasing an additional 801 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its stake in shares of Chevron by 1.2% in the 3rd quarter. New Age Alpha Advisors LLC now owns 38,360 shares of the oil and gas company’s stock valued at $5,957,000 after purchasing an additional 437 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In other news, insider R. Hewitt Pate sold 41,134 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $176.40, for a total value of $7,256,037.60. Following the sale, the insider directly owned 4,169 shares of the company’s stock, valued at approximately $735,411.60. This represents a 90.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Benjamin Walz sold 22,200 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the completion of the sale, the insider owned 666 shares of the company’s stock, valued at $117,568.98. This trade represents a 97.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 534,898 shares of company stock worth $89,543,711 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Berkshire Hathaway has shifted its portfolio after Buffett’s exit and added to its Chevron stake, a high-profile institutional buyer that can support the stock and signal confidence to other investors. Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
• Positive Sentiment: Coverage from The Motley Fool and other outlets remains bullish on CVX’s upside (including $200 targets) and highlights its attractive yield, which attracts income-focused investors. Is Chevron Stock Going to $200?
• Positive Sentiment: Jim Cramer publicly recommended holding Chevron, calling it a stock that can run higher and highlighting its 3.85% yield — media endorsements can lift retail demand. Jim Cramer on Chevron: “I Would Hold on to That”
• Neutral Sentiment: Macro/sector story: U.S. actions in Venezuela have strengthened Guyana’s oil future, a geopolitical development that supports long-term offshore oil investment and is generally positive for major oil companies’ sector outlook (indirect for Chevron). How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
• Neutral Sentiment: Investor interest in dividend stocks/ETFs (multiple roundup pieces) increases demand for high-yield names like Chevron, but these are broader flows rather than company-specific catalysts. Got $10,000? Put It in These Dividend ETFs Now
• Negative Sentiment: A recent DCF-based intrinsic-value write-up estimates Chevron is overvalued by ~30% (intrinsic value ~$126), a valuation critique that could limit upside or trigger profit-taking among value-focused funds. Our Calculation Of Intrinsic Value: Chevron Corporation

Chevron Stock Up 1.3%

NYSE:CVX opened at $186.47 on Monday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $187.90. The firm has a market capitalization of $372.07 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 12.36 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average price is $169.52 and its two-hundred day moving average price is $159.64.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s revenue was down 10.2% on a year-over-year basis. During the same period last year, the business earned $2.06 earnings per share. Equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. Chevron’s payout ratio is 106.91%.

Wall Street Analyst Weigh In

CVX has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. Piper Sandler cut their target price on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. UBS Group reiterated a “buy” rating and issued a $212.00 price objective on shares of Chevron in a report on Monday, February 2nd. Finally, Morgan Stanley reduced their target price on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and a consensus target price of $176.36.

Chevron 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.