VCI Wealth Management LLC Acquires 7,424 Shares of Chevron Corporation $CVX

VCI Wealth Management LLC grew its holdings in Chevron Corporation (NYSE:CVX) by 74.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,341 shares of the oil and gas company’s stock after acquiring an additional 7,424 shares during the quarter. VCI Wealth Management LLC’s holdings in Chevron were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Benedict Financial Advisors Inc. increased its position in Chevron by 3.6% during the fourth quarter. Benedict Financial Advisors Inc. now owns 30,083 shares of the oil and gas company’s stock worth $4,585,000 after acquiring an additional 1,039 shares during the period. Elevated Capital Advisors LLC boosted its holdings in Chevron by 16.6% in the 4th quarter. Elevated Capital Advisors LLC now owns 12,839 shares of the oil and gas company’s stock valued at $1,957,000 after purchasing an additional 1,831 shares during the period. Sterling Investment Counsel LLC grew its position in Chevron by 161.5% in the 4th quarter. Sterling Investment Counsel LLC now owns 3,700 shares of the oil and gas company’s stock worth $547,000 after purchasing an additional 2,285 shares during the last quarter. Institute for Wealth Management LLC. grew its position in Chevron by 1.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 11,548 shares of the oil and gas company’s stock worth $1,760,000 after purchasing an additional 181 shares during the last quarter. Finally, Global Financial Private Client LLC increased its holdings in shares of Chevron by 0.7% during the 4th quarter. Global Financial Private Client LLC now owns 24,469 shares of the oil and gas company’s stock worth $3,729,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: High yield and income appeal — Coverage highlights Chevron as a top dividend stock and notes very attractive forward yields for early buyers, supporting investor demand for income. Read More.
• Positive Sentiment: Strong balance sheet and capital resilience — Analysts and commentary rank Chevron just behind Exxon on financial strength, suggesting it can withstand oil‑price swings and sustain buybacks/dividends. Read More.
• Positive Sentiment: Buy‑the‑dip sentiment and options trade ideas — Several outlets and services are pitching CVX as a tactical buy after the pullback, which could attract short‑term dip buyers. Read More.
• Positive Sentiment: Hess acquisition seen as strategically accretive — Analysis argues the $53B Hess deal may have been timed well and should add production and cash flow over time, supporting long‑term upside. Read More.
• Neutral Sentiment: Peer comparison — A note compares Petrobras and Chevron, highlighting Petrobras’ growth edge; useful for investors weighing growth vs stability but not an immediate catalyst. Read More.
• Neutral Sentiment: Regulatory/bill developments — The House passed H.R. 6409 relating to foreign emissions treatment; impact on Chevron is uncertain and longer‑term if enacted. Read More.
• Negative Sentiment: Immediate oil‑price shock and Strait reopening — Markets rallied broadly but oil prices fell after the Strait of Hormuz reopened, prompting a pullback in oil majors including Chevron. Read More.
• Negative Sentiment: Analyst downgrade and short‑term selling — A reported analyst downgrade contributed to yesterday’s slide and continues to pressure the name amid lower oil. Read More.
• Negative Sentiment: Headline risk from Iran war developments — Commentary notes that signs the Iran‑driven risk premium is easing (or the war ending) reduced the war‑related premium that had boosted CVX, producing volatility. Read More.

Chevron Price Performance

NYSE:CVX traded down $4.07 during trading hours on Friday, reaching $184.08. The company had a trading volume of 15,695,836 shares, compared to its average volume of 13,260,866. 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 of $192.34 and a two-hundred day moving average of $169.06. Chevron Corporation has a one year low of $132.33 and a one year high of $214.71. The firm has a market capitalization of $366.74 billion, a PE ratio of 27.64, a PEG ratio of 1.20 and a beta of 0.60.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the previous year, the company earned $2.06 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts forecast 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. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. 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 annualized dividend and a dividend yield of 3.9%. Chevron’s dividend payout ratio (DPR) is 106.91%.

Insider Activity at Chevron

In other news, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was 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 $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 779,407 shares of company stock valued at $145,972,971. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

CVX has been the subject of several research reports. Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 3rd. Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Scotiabank upgraded Chevron to a “hold” rating in a research report on Friday, March 27th. Morgan Stanley lifted their price objective on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, BMO Capital Markets restated an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $194.21.

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.