Chevron Corporation $CVX Position Trimmed by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its holdings in shares of Chevron Corporation (NYSE:CVX) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,275 shares of the oil and gas company’s stock after selling 7,214 shares during the period. J.W. Cole Advisors Inc.’s holdings in Chevron were worth $18,061,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Convergence Financial LLC increased its stake in Chevron by 4.4% during the fourth quarter. Convergence Financial LLC now owns 4,946 shares of the oil and gas company’s stock valued at $754,000 after purchasing an additional 209 shares during the last quarter. Argent Advisors Inc. increased its stake in Chevron by 8.9% during the fourth quarter. Argent Advisors Inc. now owns 22,119 shares of the oil and gas company’s stock valued at $3,371,000 after purchasing an additional 1,799 shares during the last quarter. Vise Technologies Inc. increased its stake in Chevron by 61.6% during the fourth quarter. Vise Technologies Inc. now owns 66,839 shares of the oil and gas company’s stock valued at $10,187,000 after purchasing an additional 25,481 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Chevron by 6.7% during the fourth quarter. Continuum Advisory LLC now owns 22,632 shares of the oil and gas company’s stock worth $3,449,000 after acquiring an additional 1,429 shares during the last quarter. Finally, SFI Advisors LLC bought a new position in shares of Chevron during the fourth quarter worth about $204,000. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CVX shares. Piper Sandler upped their price target on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Citigroup upped their price target on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Barclays upped their price target on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein lowered their price target on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.70.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was highlighted as a durable long-term energy compounder, with analysts pointing to its scale, low exposure to the Middle East, attractive dividend profile, and the expected benefits from the Hess acquisition and a new long-term gas supply deal tied to AI data-center demand. Article Title
• Positive Sentiment: Chevron’s Argentina expansion plans could add meaningful growth, as the company seeks tax-incentive approval for a $13.8 billion Vaca Muerta investment, signaling confidence in a major shale asset and potential long-term production upside. Article Title
• Positive Sentiment: Chevron was also mentioned in a broader market piece as an energy stock benefiting from higher oil prices and Middle East tensions, which have supported the sector relative to the rest of the market. Article Title
• Neutral Sentiment: At a Bernstein conference, Chevron presented on its strategy, but the available summary did not include any new material catalyst strong enough to clearly move the stock. Article Title
• Negative Sentiment: Chevron’s CEO said the company will not deploy fresh capital in Venezuela next year unless the country lowers taxes and royalties, which underscores political and fiscal risk in that region and could delay investment there. Article Title
• Negative Sentiment: Chevron’s CEO also struck a cautious tone on oil investment and the economy, reflecting uncertainty around commodity prices and the broader macro backdrop. Article Title

Insider Activity

In related news, insider R. Hewitt Pate sold 40,200 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the sale, the director directly owned 278,045 shares of the company’s stock, valued at $53,718,294. The trade was a 57.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 615,200 shares of company stock valued at $118,022,760 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Chevron Stock Performance

CVX stock opened at $188.35 on Friday. The company has a market capitalization of $375.11 billion, a P/E ratio of 32.64, a PEG ratio of 0.63 and a beta of 0.48. The company has a 50-day simple moving average of $191.01 and a 200 day simple moving average of $176.74. Chevron Corporation has a fifty-two week low of $136.70 and a fifty-two week high of $214.71. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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, topping the consensus estimate of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.18 earnings per share. Sell-side analysts predict that Chevron Corporation will post 15.74 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron’s dividend payout ratio is presently 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.