NewEdge Wealth LLC Grows Holdings in Chevron Corporation $CVX

NewEdge Wealth LLC grew its position in shares of Chevron Corporation (NYSE:CVX) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,754 shares of the oil and gas company’s stock after purchasing an additional 4,154 shares during the period. NewEdge Wealth LLC’s holdings in Chevron were worth $13,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Washington Trust Advisors Inc. raised its position in shares of Chevron by 16.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 4,322 shares of the oil and gas company’s stock valued at $659,000 after buying an additional 600 shares during the last quarter. RB Capital Management LLC boosted its position in Chevron by 2.0% during the fourth quarter. RB Capital Management LLC now owns 32,269 shares of the oil and gas company’s stock worth $4,918,000 after acquiring an additional 624 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Chevron by 17.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 104,698 shares of the oil and gas company’s stock worth $15,957,000 after acquiring an additional 15,358 shares during the period. Ethic Inc. grew its stake in Chevron by 4.8% in the 4th quarter. Ethic Inc. now owns 40,928 shares of the oil and gas company’s stock worth $6,238,000 after acquiring an additional 1,866 shares during the period. Finally, Ballast Inc. raised its holdings in Chevron by 22.8% in the 4th quarter. Ballast Inc. now owns 2,285 shares of the oil and gas company’s stock valued at $348,000 after acquiring an additional 425 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 816,439 shares of company stock worth $154,339,900. 0.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CVX shares. Wells Fargo & Company increased their price target on Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, February 17th. Citigroup raised their price target on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average price target of $202.74.

Chevron Stock Down 0.6%

Shares of CVX opened at $181.37 on Friday. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The company’s fifty day moving average is $193.21 and its two-hundred day moving average is $172.09. The firm has a market cap of $361.35 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 0.63 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

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, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The firm had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter last year, the firm earned $2.18 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts forecast that Chevron Corporation will post 15.02 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s first-quarter results beat profit expectations, with adjusted EPS of $1.41 versus the $0.97 consensus, reinforcing the company’s ability to generate earnings even amid volatile energy markets. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say
• Positive Sentiment: Goldman Sachs raised its price target on Chevron and kept a Buy rating, citing improved confidence in cash flow, production, and shareholder return plans after the earnings report. Goldman Sachs gives Chevron stock price new target after earnings
• Positive Sentiment: Multiple research notes and articles highlighted Chevron as a dividend aristocrat and a long-term value play, which can support investor interest in the stock. 3 ‘Strong Buy’ Dividend Aristocrat Stocks, 5/8/26
• Positive Sentiment: TD Cowen nudged its price target higher to $205 while maintaining a Hold rating, and Erste Group also lifted its FY2027 earnings estimate, signaling still-constructive expectations for Chevron’s earnings outlook.
• Neutral Sentiment: Analysts and commentary also pointed to Chevron’s LNG strategy and South Asian export growth as a longer-term earnings driver, but this is more of a strategic backdrop than an immediate catalyst. Can Chevron’s South Asian LNG Strategy Drive Long-Term Growth?
• Negative Sentiment: Despite the earnings beat, Chevron’s revenue came in below Wall Street estimates, which may be tempering enthusiasm and contributing to the stock’s weakness. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say

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.