7,427 Shares in Chevron Corporation $CVX Bought by Prospector Partners LLC

Prospector Partners LLC bought a new stake in shares of Chevron Corporation (NYSE:CVX) during the 3rd quarter, Holdings Channel reports. The firm bought 7,427 shares of the oil and gas company’s stock, valued at approximately $1,153,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVX. Castellan Group increased its holdings in Chevron by 10.7% in the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after acquiring an additional 1,965 shares in the last quarter. United Bank increased its stake in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Chevron by 11.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 304,492 shares of the oil and gas company’s stock valued at $43,600,000 after purchasing an additional 30,990 shares during the period. Finally, Gables Capital Management Inc. lifted its stake in shares of Chevron by 1.7% during the 2nd quarter. Gables Capital Management Inc. now owns 20,727 shares of the oil and gas company’s stock valued at $2,968,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, CTO Thomas Ryder Booth sold 1,122 shares of Chevron stock in a transaction on Friday, February 13th. The shares were sold at an average price of $182.37, for a total transaction of $204,619.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider R. Hewitt Pate sold 41,134 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the transaction, the insider owned 4,169 shares in the company, valued at $735,411.60. This trade represents a 90.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 531,027 shares of company stock worth $88,833,430. 0.21% of the stock is currently owned by company insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Melius Research upgraded CVX to a “buy” and lifted its price target to $205, boosting the stock’s medium‑term upside thesis for value and income investors. Article Title
• Positive Sentiment: Chevron-led consortium won offshore exploration rights in Greece (and is expanding footprint in Libya), increasing long‑term upstream optionality and reserves potential if appraisal/exploration results are successful. Article Title
• Positive Sentiment: Chevron raised its quarterly dividend to $1.78 (annualized $7.12), reinforcing its income story and supporting demand from yield‑sensitive investors as Treasury yields have eased. Article Title
• Neutral Sentiment: Sector momentum — energy names are outperforming the S&P YTD — gives Chevron positive tailwinds, but it keeps valuation debates active (cash flow vs. longer‑term transition risks). Article Title
• Neutral Sentiment: Multiple media pieces and comparisons to peers (Exxon, ConocoPhillips) are driving trading interest/volume but do not by themselves change fundamentals. Article Title
• Negative Sentiment: Turkey publicly called the Greece‑Chevron activity off Crete unlawful — creating a geopolitical/regulatory risk that could delay or complicate exploration and attract political/legal scrutiny. Article Title
• Negative Sentiment: Recent insider sales (including large CTO and other disclosures) and related coverage have pressured sentiment and coincide with short‑term selling; the market reacted negatively to these filings. Article Title
• Negative Sentiment: Market reaction suggests the Melius upgrade and price‑target increase haven’t materially shifted conviction—shares “brushed off” the upgrade—highlighting that analyst upgrades alone may not move the stock amid competing news. Article Title

Analyst Ratings Changes

A number of equities research analysts have issued reports on CVX shares. Mizuho increased their price target on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. UBS Group restated a “buy” rating and issued a $212.00 price target on shares of Chevron in a research note on Monday, February 2nd. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Tuesday. Finally, Wells Fargo & Company raised their target price on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Thirteen investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $176.36.

Chevron Price Performance

Chevron stock opened at $183.75 on Thursday. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $186.52. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $164.50 and its 200 day moving average is $158.06. The company has a market cap of $369.98 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 11.95 and a beta of 0.70.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share 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 8.23%. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the firm posted $2.06 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis. Sell-side analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

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.