Bailard Inc. trimmed its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,005 shares of the oil and gas company’s stock after selling 7,962 shares during the quarter. Bailard Inc.’s holdings in Chevron were worth $16,309,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. D.B. Root & Company LLC lifted its position in shares of Chevron by 1.0% during the fourth quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock valued at $846,000 after buying an additional 57 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Chevron by 6.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 59 shares in the last quarter. MMA Asset Management LLC increased its holdings in shares of Chevron by 3.4% during the fourth quarter. MMA Asset Management LLC now owns 1,820 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 59 shares in the last quarter. EWA LLC increased its holdings in shares of Chevron by 2.8% during the fourth quarter. EWA LLC now owns 2,182 shares of the oil and gas company’s stock valued at $333,000 after acquiring an additional 59 shares in the last quarter. Finally, Barlow Wealth Partners LLC increased its holdings in shares of Chevron by 1.1% during the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock valued at $869,000 after acquiring an additional 60 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.
More Chevron News
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron is being highlighted as a beneficiary of elevated oil prices tied to Middle East tensions, which supports upstream profits and cash flow. That backdrop also reinforces investor interest in CVX as a large-cap energy name with strong capital return capacity. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
- Positive Sentiment: News that Chevron’s CEO discussed global “supply outages” points to a tight energy market, which can help support crude prices and improve near-term earnings expectations for Chevron. What Chevron’s CEO Just Said About Global ‘Supply Outages’ Could Derail Trump’s Economic Momentum
- Positive Sentiment: Analysts reportedly raised Chevron’s FY2026 EPS forecast, suggesting improving earnings expectations that may support the stock. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
- Positive Sentiment: Chevron’s steady shareholder returns remain a key draw for investors, with the company emphasizing its long record of dividends and multi-quarter capital returns. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
- Neutral Sentiment: Reuters reported that Syria selected an offshore block for a first deep-water oil and gas project involving Chevron and Qatar’s UCC Holding, which could be a long-term strategic opportunity but is not likely to change near-term earnings. Syria selects offshore block for first deep-water oil, gas project with Chevron
- Negative Sentiment: Rising talk of windfall taxes on European energy companies highlights a broader political risk for the sector, reminding investors that strong commodity profits can invite heavier taxation and regulatory scrutiny. Soaring energy profits reignite calls for windfall tax across Europe
Analysts Set New Price Targets
View Our Latest Analysis on Chevron
Insider Transactions at Chevron
In related news, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 816,439 shares of company stock valued at $154,339,900 over the last quarter. Company insiders own 0.56% of the company’s stock.
Chevron Price Performance
Shares of NYSE CVX opened at $184.64 on Tuesday. The business’s 50 day moving average price is $193.17 and its 200 day moving average price is $172.49. The firm has a market cap of $367.73 billion, a P/E ratio of 32.00, a P/E/G ratio of 0.63 and a beta of 0.51. Chevron Corporation has a 52 week low of $133.77 and a 52 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 – Get Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.Chevron’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 earnings per share. On average, sell-side analysts expect that Chevron Corporation will post 15.02 earnings per share for the current year.
Chevron Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be given a $1.78 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. Chevron’s dividend payout ratio is currently 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.
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