Cerro Pacific Wealth Advisors LLC Has $4.79 Million Holdings in Chevron Corporation $CVX

Posted by George Bondi on May 5th, 2026

Cerro Pacific Wealth Advisors LLC grew its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 28.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,453 shares of the oil and gas company’s stock after buying an additional 6,975 shares during the quarter. Chevron accounts for approximately 1.3% of Cerro Pacific Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Cerro Pacific Wealth Advisors LLC’s holdings in Chevron were worth $4,794,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in Chevron in the third quarter worth $34,000. Marquette Asset Management LLC acquired a new stake in shares of Chevron in the third quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 202 shares during the last quarter. Daytona Street Capital LLC bought a new position in shares of Chevron in the fourth quarter valued at about $44,000. Finally, Turning Point Benefit Group Inc. acquired a new position in Chevron during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer directly owned 31,266 shares in the company, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 621,439 shares of company stock valued at $118,307,800. 0.56% of the stock is currently owned by company insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Q1 beat and bullish forward commentary — Chevron topped EPS expectations and management signaled production growth and resilient cash returns; UBS and other analysts see sequential earnings acceleration after Q1. Chevron’s Q1 Results Set up ‘Meaningful Acceleration’ for Rest of the Year
Positive Sentiment: Analyst optimism — at least one analyst raised Chevron’s price target after the Q1 report, citing the company as “firing on all cylinders,” supporting near-term upside in the stock. Chevron is ‘firing on all cylinders,’ analyst raises price target after Q1
Positive Sentiment: Long-term resource upside — Chevron is negotiating for a stake in a very large Iraqi oilfield, which could materially boost future reserves and production if the deal proceeds. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq
Neutral Sentiment: Margin and business-mix nuance — deeper analysis highlights margin compression in parts of the portfolio despite stable revenue and upstream growth; this tempers the Q1 enthusiasm. CVX Q1 Deep Dive: Margin Compression Amid Stable Revenue and Upstream Growth
Neutral Sentiment: Investor narrative remains supportive — media and pundits continue to frame big oil majors (including Chevron) as disciplined, shareholder-friendly cash generators, which underpins investor appetite over the medium term. Big Oil Has Transformed Into Shareholder-Friendly Cash Machines, Says CNBC’s Halftime Report
Negative Sentiment: Geopolitical supply risk — CEO Mike Wirth warned that Strait of Hormuz disruptions are already tightening global supplies and that physical shortages could begin to appear, raising operational and commodity-price volatility risk for the company and markets. Chevron CEO says physical shortages in oil supply to begin appearing
Negative Sentiment: Shipping safety and market shock — Wirth and other coverage flagged ship-safety concerns in the Strait of Hormuz and a volatile Brent spike to ~$126/barrel, signaling higher near-term risk and potential market dislocations. Chevron CEO voices concern over Strait of Hormuz ship safety
Negative Sentiment: Macro risk spillover — regional attacks and broader market declines (Dow weakness after Iran/UAE-related attacks) raise the prospect of broader equity volatility that can weigh on CVX despite commodity tailwinds. Stock Market Today: Dow Dives As Trump Calls On Key Ally; Warren Buffett Gives This Warning (Live Coverage)

Chevron Price Performance

Shares of CVX stock opened at $192.41 on Tuesday. The firm has a market cap of $383.34 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 0.71 and a beta of 0.51. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $193.08 and a 200 day moving average price of $171.36.

Chevron (NYSE:CVX – Get Free Report) last released its 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 company had revenue of $48.61 billion for 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 7.01%. The company’s 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 EPS. Research analysts expect that Chevron Corporation will post 14.13 EPS for the current year.

Chevron Dividend Announcement

The firm 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. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

Analyst Ratings Changes

A number of brokerages have commented on CVX. Wells Fargo & Company increased their price objective on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Scotiabank upped their target price on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. TD Cowen decreased their price target on shares of Chevron from $214.00 to $204.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Finally, Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.96.

Read Our Latest Research Report on Chevron

About Chevron

(Free Report)

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.