Chevron Corporation $CVX Stock Holdings Lessened by HB Wealth Management LLC

HB Wealth Management LLC lowered its stake in Chevron Corporation (NYSE:CVX) by 7.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 186,022 shares of the oil and gas company’s stock after selling 15,573 shares during the period. HB Wealth Management LLC’s holdings in Chevron were worth $28,352,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. United Asset Strategies Inc. increased its holdings in shares of Chevron by 1.3% in the fourth quarter. United Asset Strategies Inc. now owns 55,861 shares of the oil and gas company’s stock valued at $8,514,000 after buying an additional 723 shares in the last quarter. Caprock Group LLC boosted its position in shares of Chevron by 1.9% in the 4th quarter. Caprock Group LLC now owns 70,700 shares of the oil and gas company’s stock valued at $10,776,000 after purchasing an additional 1,289 shares during the period. Investmark Advisory Group LLC boosted its position in shares of Chevron by 0.4% in the 4th quarter. Investmark Advisory Group LLC now owns 24,577 shares of the oil and gas company’s stock valued at $3,746,000 after purchasing an additional 109 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of Chevron by 3.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 29,571 shares of the oil and gas company’s stock valued at $4,507,000 after purchasing an additional 900 shares during the period. Finally, FORM Wealth Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at $395,000. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of Chevron stock opened at $186.28 on Thursday. The stock has a market cap of $371.13 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 0.78 and a beta of 0.60. The business has a fifty day simple moving average of $192.43 and a 200-day simple moving average of $169.71. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71.

Chevron (NYSE:CVX) last issued its earnings results 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. The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. On average, sell-side analysts anticipate that Chevron Corporation will post 12.49 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is currently 106.91%.

Insider Buying and Selling

In other Chevron news, insider Andrew Benjamin Walz sold 22,200 shares of Chevron stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the completion of the sale, the insider owned 666 shares of the company’s stock, valued at $117,568.98. This trade represents a 97.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $764,093.66. This trade represents a 88.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 779,407 shares of company stock worth $145,972,971 over the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Multiple broker and media pieces highlight bullish analyst views and upgrades on Chevron, arguing that tighter global inventories and conflict-driven supply disruptions could support higher oil prices and lift integrated majors like CVX. Read More.
• Positive Sentiment: BNP Paribas upgraded Chevron to Outperform (mid-April) and other lists (Warren Buffett picks, dividend stock roundups) continue to flag CVX as a core, income-generating energy holding — supportive for longer-term investor demand. Read More.
• Positive Sentiment: Scotiabank raised its price target to $187 (from $168) — a modest upward revision that reinforces near-term analyst support for the stock. Read More.
• Neutral Sentiment: Geopolitical developments — U.S. moves affecting Venezuela and Iran’s disruption of the Strait of Hormuz — are reshaping risk/valuation for global producers. This increases the strategic value of Chevron’s non-Middle East assets and could boost realized prices, but also raises volatility. Read More.
• Neutral Sentiment: Sector news and peer earnings (Range Resources, Halliburton) show mixed operational results and stronger gas realizations in places — helpful for sector sentiment but not CVX-specific. Read More.
• Neutral Sentiment: Industry events and trade press (summits, energy transition projects) keep broader investor focus on energy supply dynamics and transition risks; useful context but indirect for immediate CVX moves. Read More.
• Negative Sentiment: Chevron reported a crude oil spill at its Pasadena, Texas refinery — an operational and reputational risk that can trigger cleanup costs, regulatory scrutiny and short-term investor concern. This is a near-term negative that could pressure sentiment until impact and remediation are clarified. Read More.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CVX shares. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday, March 20th. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a report on Thursday, April 9th. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Finally, BNP Paribas Exane upgraded shares of Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price target on the stock in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $198.09.

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.