Meridian Management Co. Takes Position in Chevron Corporation $CVX

Meridian Management Co. purchased a new stake in Chevron Corporation (NYSE:CVX) in the first quarter, Holdings Channel reports. The firm purchased 14,010 shares of the oil and gas company’s stock, valued at approximately $2,899,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVX. Dakota Wealth Management raised its position in shares of Chevron by 14.9% in the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock worth $12,690,000 after acquiring an additional 10,822 shares in the last quarter. Clear Trail Advisors LLC purchased a new stake in shares of Chevron during the 4th quarter worth $10,167,000. Curtis Advisory Group LLC bought a new stake in Chevron during the fourth quarter valued at about $1,381,000. Indivisible Partners bought a new stake in Chevron during the fourth quarter valued at about $1,923,000. Finally, Cypress Wealth Services LLC grew its stake in Chevron by 64.0% in the fourth quarter. Cypress Wealth Services LLC now owns 16,591 shares of the oil and gas company’s stock valued at $2,529,000 after purchasing an additional 6,475 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was highlighted by analysts as one of several Dividend Aristocrats with a “Strong Buy” rating, reinforcing its appeal as a defensive income stock. Article Title
• Positive Sentiment: Chevron extended its Western Australia gas supply agreement with Alinta Energy through 2032, supporting steady cash flow and strengthening its LNG and gas market position. Article Title
• Positive Sentiment: Multiple reports said Chevron could be headed for a free-cash-flow surge in the second half of 2026, which would support buybacks, dividends, and valuation upside. Article Title
• Positive Sentiment: Chevron’s AI-related power initiative is drawing investor interest after the company moved into gas-to-power for data centers, creating a new growth angle beyond traditional oil production. Article Title
• Neutral Sentiment: Chevron is being watched closely by investors and news outlets, but these mentions mainly reflect ongoing market interest rather than a new fundamental catalyst. Article Title
• Negative Sentiment: Oil prices eased after the U.S. backed away from a proposed 20% Hormuz cargo fee, reducing the near-term geopolitical premium that had supported energy stocks. Article Title
• Negative Sentiment: Broader crude strength has been uneven, and any pullback in oil prices can weigh on Chevron’s shares even when company-specific news is constructive. Article Title

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup boosted their target price on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Chevron in a research report on Wednesday, May 6th. Sanford C. Bernstein reduced their price objective on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Jefferies Financial Group reissued a “buy” rating and set a $216.00 target price on shares of Chevron in a research report on Friday. Finally, HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, March 20th. Nineteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.83.

Insider Buying and Selling

In related news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director directly owned 278,045 shares in the company, valued at $53,718,294. This trade represents a 57.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by company insiders.

Chevron Trading Down 0.3%

Chevron stock opened at $181.73 on Wednesday. The stock has a 50-day moving average of $181.47 and a two-hundred day moving average of $181.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71. The stock has a market cap of $361.94 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 0.62 and a beta of 0.50.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Chevron Corporation will post 15.28 EPS for the current fiscal year.

Chevron Dividend Announcement

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

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.