LMG Wealth Partners LLC Sells 6,370 Shares of Chevron Corporation $CVX

LMG Wealth Partners LLC trimmed its holdings in Chevron Corporation (NYSE:CVX) by 8.3% in the 4th quarter, Holdings Channel reports. The fund owned 70,422 shares of the oil and gas company’s stock after selling 6,370 shares during the quarter. Chevron comprises 2.0% of LMG Wealth Partners LLC’s portfolio, making the stock its 11th biggest holding. LMG Wealth Partners LLC’s holdings in Chevron were worth $10,733,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CVX. Dakota Wealth Management lifted its stake in shares of Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after buying an additional 10,822 shares in the last quarter. Brooklyn FI LLC purchased a new stake in Chevron in the 3rd quarter worth approximately $431,000. New York State Teachers Retirement System lifted its stake in Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after purchasing an additional 215,345 shares in the last quarter. Clear Trail Advisors LLC purchased a new stake in Chevron in the 4th quarter worth approximately $10,167,000. Finally, Finemark National Bank & Trust lifted 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 in the last quarter. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Argus set a $203.00 target price on shares of Chevron in a research note on Tuesday, February 3rd. Royal Bank Of Canada increased their target price on shares of Chevron from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.09.

Trending Headlines about 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

In other news, insider Alana K. Knowles sold 2,408 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the sale, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 695,439 shares of company stock worth $131,274,332. Corporate insiders own 0.56% of the company’s stock.

Chevron Stock Performance

Chevron stock opened at $190.79 on Friday. The firm’s fifty day moving average price is $193.08 and its 200-day moving average price is $171.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market cap of $380.12 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71.

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 the consensus estimate of $0.97 by $0.44. The firm 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 business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $2.18 EPS. On average, equities research analysts expect that Chevron Corporation will post 14.13 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be given a dividend of $1.78 per share. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. Chevron’s dividend payout ratio (DPR) is 106.91%.

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.