JM2 Capital Inc. Invests $585,000 in Chevron Corporation $CVX

JM2 Capital Inc. bought a new position in shares of Chevron Corporation (NYSE:CVX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,838 shares of the oil and gas company’s stock, valued at approximately $585,000.

Several other institutional investors have also recently made changes to their positions in the business. Webster Bank N. A. raised its holdings in shares of Chevron by 2.7% during the fourth quarter. Webster Bank N. A. now owns 22,370 shares of the oil and gas company’s stock worth $3,409,000 after purchasing an additional 590 shares during the last quarter. High Net Worth Advisory Group LLC raised its holdings in shares of Chevron by 13.8% during the fourth quarter. High Net Worth Advisory Group LLC now owns 10,753 shares of the oil and gas company’s stock worth $1,639,000 after purchasing an additional 1,303 shares during the last quarter. Whitener Capital Management Inc. raised its holdings in shares of Chevron by 0.5% during the fourth quarter. Whitener Capital Management Inc. now owns 23,351 shares of the oil and gas company’s stock worth $3,559,000 after purchasing an additional 124 shares during the last quarter. Guyasuta Investment Advisors Inc. raised its holdings in shares of Chevron by 0.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 264,553 shares of the oil and gas company’s stock worth $40,320,000 after purchasing an additional 2,101 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in shares of Chevron by 1.1% during the fourth quarter. Gilliland Jeter Wealth Management LLC now owns 25,501 shares of the oil and gas company’s stock worth $3,887,000 after purchasing an additional 273 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed an asset-swap with PDVSA that increases its working interest in the Petroindependencia JV by 13.21%, consolidating its heavy‑oil footprint in Venezuela and improving long‑term production and reserve optionality. Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap
• Positive Sentiment: Independent reporting says Chevron is set to sign deals to expand in Venezuela (Orinoco heavy crude and return of an offshore gas field), reinforcing the view that the company will grow production exposure there as sanctions ease. Chevron, Shell to sign agreements for oil, gas areas in Venezuela, sources say
• Positive Sentiment: Filings show Berkshire Hathaway is increasing its Chevron stake, a high‑profile vote of confidence that can attract long‑term investor interest. Berkshire Hathaway Is Loading Up on These 4 Stocks. Here’s Why
• Positive Sentiment: Royal Bank of Canada raised its CVX price target to $220 with an Outperform, providing fresh analyst upside and support for the rally. Read More
• Neutral Sentiment: Energy sector action is mixed today — broader group weakness could limit sector momentum even as oil‑sensitive names like Chevron benefit from episodic price spikes. Sector Update: Energy Stocks Mixed Late Afternoon
• Neutral Sentiment: Increased retail/investor attention (searches and coverage) is driving volume and volatility; that can amplify moves but is not a standalone fundamental change. Investors Heavily Search Chevron Corporation (CVX): Here is What You Need to Know
• Negative Sentiment: Some analysts caution upside is tempered by near‑term earnings headwinds and mixed quarterly revenue trends; TD Cowen has taken a more cautious stance (Hold), noting risks to short‑term results. Chevron: Near-Term Earnings Headwinds Temper Upside Despite Oil Leverage and Capital Returns

Insider Buying and Selling

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the sale, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 782,607 shares of company stock valued at $146,510,571 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup raised 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. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley raised their target price on shares of Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, Jefferies Financial Group raised their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Chevron Stock Up 1.6%

CVX opened at $191.54 on Tuesday. Chevron Corporation has a fifty-two week low of $132.33 and a fifty-two week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The company has a fifty day moving average of $191.85 and a two-hundred day moving average of $168.33. The stock has a market capitalization of $381.61 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.40 and a beta of 0.60.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating 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 company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter in the previous year, the company earned $2.06 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron’s dividend payout ratio is presently 106.91%.

About Chevron

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.