Rayburn West Financial Services LLC purchased a new position in shares of Chevron Corporation (NYSE:CVX – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,673 shares of the oil and gas company’s stock, valued at approximately $4,065,000. Chevron makes up about 2.5% of Rayburn West Financial Services LLC’s investment portfolio, making the stock its 10th largest position.
A number of other large investors have also made changes to their positions in the business. Dakota Wealth Management increased 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 valued at $12,690,000 after acquiring an additional 10,822 shares during the period. Brooklyn FI LLC acquired a new position in shares of Chevron in the 3rd quarter valued at $431,000. Clear Trail Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at $10,167,000. Finemark National Bank & Trust increased its position in shares of Chevron by 40.3% in the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after acquiring an additional 16,243 shares during the period. Finally, Curtis Advisory Group LLC acquired a new position in shares of Chevron in the 4th quarter valued at $1,381,000. 72.42% of the stock is owned by institutional investors and hedge funds.
Chevron News Roundup
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Analysts and commentators are highlighting Chevron’s strong Q1 output growth, rising production, and improved high-margin oil assets, supporting a more optimistic outlook for 2026. Article Title
- Positive Sentiment: Jim Cramer said he likes Chevron, citing its 3.8% yield, strong cash flow, and what he sees as limited downside. Article Title
- Positive Sentiment: Reports that physical oil shortages may be starting could be a tailwind for Chevron if crude prices stay elevated. Article Title
- Neutral Sentiment: Proxy advisory firms are encouraging shareholders to oppose some board positions ahead of Chevron’s annual meeting, adding governance uncertainty. Article Title
- Neutral Sentiment: Some market commentary says Chevron has already run up sharply, raising valuation questions even as oil fundamentals improve. Article Title
- Negative Sentiment: One recent note argued investors are still focused on spending discipline across the oil sector, which can limit enthusiasm if Chevron’s capital allocation is seen as too aggressive. Article Title
Chevron Price Performance
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same period in the prior year, the company earned $2.18 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Research analysts expect that Chevron Corporation will post 15.23 EPS for the current year.
Chevron Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is presently 123.40%.
Insider Buying and Selling at Chevron
In other news, insider Andrew Benjamin Walz sold 11,600 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 804,692 shares of company stock worth $152,174,418. 0.56% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research firms recently issued reports on CVX. TD Cowen upped their target price on Chevron from $204.00 to $205.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a research report on Thursday, April 9th. Sanford C. Bernstein cut their target price on Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating and issued a $216.00 target price on shares of Chevron in a research report on Wednesday, May 6th. Finally, Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.
View Our Latest Stock Analysis on Chevron
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.
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