Griffith & Werner Inc. Acquires New Holdings in Chevron Corporation $CVX

Griffith & Werner Inc. bought a new position in shares of Chevron Corporation (NYSE:CVX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,809 shares of the oil and gas company’s stock, valued at approximately $2,616,000. Chevron accounts for approximately 1.4% of Griffith & Werner Inc.’s holdings, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVX. Vanguard Group Inc. lifted its holdings in shares of Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the period. Norges Bank acquired a new position in Chevron during the 2nd quarter worth about $2,721,477,000. Primecap Management Co. CA acquired a new position in Chevron during the 3rd quarter worth about $988,083,000. Bank of New York Mellon Corp grew its position in shares of Chevron by 27.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after buying an additional 4,279,918 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in shares of Chevron by 14,194.2% in the second quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock valued at $532,984,000 after buying an additional 3,696,177 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

NYSE:CVX opened at $188.56 on Wednesday. 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 Corporation has a twelve month low of $132.04 and a twelve month high of $191.56. The company has a fifty day moving average of $171.08 and a 200-day moving average of $160.10. The firm has a market capitalization of $376.25 billion, a P/E ratio of 28.31, a P/E/G ratio of 12.55 and a beta of 0.67.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period last year, the company posted $2.06 earnings per share. The business’s quarterly revenue was down 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Middle East tensions have pushed crude and natural-gas futures higher, lifting energy stocks and benefiting Chevron’s outlook as an integrated major. This broader oil rally is a positive tailwind for CVX. Energy investors go stock picking, benefiting Chevron over Exxon
• Positive Sentiment: Several brokerages raised price targets and ratings recently (Citigroup to $210, Bank of America to $206; Melius upgraded to Buy), showing analyst conviction around CVX’s cash returns and growth profile. Benzinga coverage of price-target changes
• Positive Sentiment: Longer-term endorsements: Buffett-era moves increased Chevron exposure in the final Berkshire quarter, a signal some value investors view positively. How Berkshire Hathaway Performed During Buffett’s Final Quarter (CVX)
• Neutral Sentiment: Coverage is mixed overall — some broker consensus remains cautious/hold even as a subset upgrades, resulting in divergent analyst views that can limit sustained momentum. Average broker rating: Hold
• Negative Sentiment: Chevron declared force majeure and paused production at the Leviathan gas field amid escalating regional hostilities — a direct operational hit and an example of how geopolitics can interrupt specific assets and near-term cash flow. What Chevron (CVX)’s Leviathan Shutdown Amid Middle East Tensions Means For Shareholders
• Negative Sentiment: Significant insider selling by R. Hewitt Pate (large block sales on Feb. 27 and Mar. 2 totaling ~93,475 shares) was disclosed in SEC filings — a near-term negative signal that may have amplified profit-taking. SEC Form 4 (insider sales)
• Negative Sentiment: Broader geopolitical risk (Iran’s threats, Strait of Hormuz disruptions) raises volatility and operational risk for majors; while higher oil helps margins, it also increases uncertainty about supply disruptions and regulatory/military outcomes. Why Exxon, Chevron Need To Watch Iran’s Vow To ‘Set Fire’ To Ships

Analysts Set New Price Targets

A number of equities analysts recently commented on CVX shares. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Monday, February 2nd. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Wells Fargo & Company upped their price target on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $178.95.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction on Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This trade represents a 95.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the sale, the insider owned 7,161 shares of the company’s stock, valued at $1,247,231.37. This trade represents a 86.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 628,373 shares of company stock worth $107,085,890 in the last quarter. Company insiders own 0.20% of the company’s stock.

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.