Prosperitas Financial LLC Raises Stock Position in Chevron Corporation $CVX

Prosperitas Financial LLC grew its holdings in shares of Chevron Corporation (NYSE:CVX) by 10.2% during the fourth quarter, Holdings Channel reports. The firm owned 30,296 shares of the oil and gas company’s stock after purchasing an additional 2,799 shares during the quarter. Chevron comprises about 1.8% of Prosperitas Financial LLC’s holdings, making the stock its 19th largest position. Prosperitas Financial LLC’s holdings in Chevron were worth $4,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. D.B. Root & Company LLC grew its position in shares of Chevron by 1.0% during the fourth quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock worth $846,000 after buying an additional 57 shares in the last quarter. Cornerstone Planning Group LLC grew its position in shares of Chevron by 6.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock worth $142,000 after buying an additional 59 shares in the last quarter. MMA Asset Management LLC grew its position in shares of Chevron by 3.4% during the fourth quarter. MMA Asset Management LLC now owns 1,820 shares of the oil and gas company’s stock worth $277,000 after buying an additional 59 shares in the last quarter. EWA LLC grew its position in shares of Chevron by 2.8% during the fourth quarter. EWA LLC now owns 2,182 shares of the oil and gas company’s stock worth $333,000 after buying an additional 59 shares in the last quarter. Finally, Barlow Wealth Partners LLC grew its position in shares of Chevron by 1.1% during the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after buying an additional 60 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CVX. Piper Sandler boosted their price objective on Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. TD Cowen boosted their price objective on Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $216.00 price objective on shares of Chevron in a research report on Wednesday, May 6th. Scotiabank boosted their price objective on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $204.13.

Insider Transactions at Chevron

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the transaction, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The SEC filing for this sale provides additional information. Insiders sold a total of 816,439 shares of company stock valued at $154,339,900 over the last three months. 0.56% of the stock is owned by corporate insiders.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is being highlighted as a beneficiary of elevated oil prices tied to Middle East tensions, which supports upstream profits and cash flow. That backdrop also reinforces investor interest in CVX as a large-cap energy name with strong capital return capacity. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
• Positive Sentiment: News that Chevron’s CEO discussed global “supply outages” points to a tight energy market, which can help support crude prices and improve near-term earnings expectations for Chevron. What Chevron’s CEO Just Said About Global ‘Supply Outages’ Could Derail Trump’s Economic Momentum
• Positive Sentiment: Analysts reportedly raised Chevron’s FY2026 EPS forecast, suggesting improving earnings expectations that may support the stock. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Positive Sentiment: Chevron’s steady shareholder returns remain a key draw for investors, with the company emphasizing its long record of dividends and multi-quarter capital returns. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
• Neutral Sentiment: Reuters reported that Syria selected an offshore block for a first deep-water oil and gas project involving Chevron and Qatar’s UCC Holding, which could be a long-term strategic opportunity but is not likely to change near-term earnings. Syria selects offshore block for first deep-water oil, gas project with Chevron
• Negative Sentiment: Rising talk of windfall taxes on European energy companies highlights a broader political risk for the sector, reminding investors that strong commodity profits can invite heavier taxation and regulatory scrutiny. Soaring energy profits reignite calls for windfall tax across Europe

Chevron Stock Performance

Shares of CVX opened at $184.64 on Tuesday. The stock has a 50 day moving average price of $193.17 and a 200 day moving average price of $172.49. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $367.73 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 0.63 and a beta of 0.51. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 earnings per share. Research analysts predict that Chevron Corporation will post 15.02 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors 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 yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is 123.40%.

Chevron Company 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.