Florida Financial Advisors LLC Acquires 4,208 Shares of Chevron Corporation $CVX

Florida Financial Advisors LLC raised its stake in shares of Chevron Corporation (NYSE:CVX) by 77.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,607 shares of the oil and gas company’s stock after acquiring an additional 4,208 shares during the quarter. Florida Financial Advisors LLC’s holdings in Chevron were worth $1,492,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CVX. Vishria Bird Financial Group LLC boosted its holdings in shares of Chevron by 1.2% in the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock valued at $821,000 after buying an additional 65 shares in the last quarter. Nexus Investment Management ULC lifted its position in Chevron by 0.9% during the third quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company’s stock valued at $1,187,000 after acquiring an additional 65 shares during the last quarter. Scott & Selber Inc. boosted its stake in Chevron by 0.5% in the third quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company’s stock valued at $2,079,000 after acquiring an additional 65 shares in the last quarter. White Knight Strategic Wealth Advisors LLC grew its holdings in Chevron by 3.0% in the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock worth $319,000 after purchasing an additional 65 shares during the last quarter. Finally, William B. Walkup & Associates Inc. increased its position in shares of Chevron by 1.0% during the third quarter. William B. Walkup & Associates Inc. now owns 6,356 shares of the oil and gas company’s stock worth $987,000 after purchasing an additional 66 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Insider Activity

In other Chevron news, Vice Chairman Mark A. Nelson sold 45,800 shares of Chevron stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the completion of the transaction, the insider owned 7,161 shares of the company’s stock, valued at approximately $1,247,231.37. The trade was a 86.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider R. Hewitt Pate sold 41,134 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the sale, the insider directly owned 4,169 shares in the company, valued at approximately $735,411.60. The trade was a 90.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 793,163 shares of company stock valued at $127,920,502 in the last three months. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Freedom Capital downgraded Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Jefferies Financial Group upped their price objective on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. TD Cowen lifted their target price on shares of Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $175.00.

Chevron Stock Performance

Shares of CVX stock opened at $183.65 on Friday. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $186.52. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock has a market cap of $369.79 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 12.26 and a beta of 0.70. The business has a 50-day simple moving average of $162.51 and a 200-day simple moving average of $157.42.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the company earned $2.06 earnings per share. Chevron’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $1.78 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is presently 102.70%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela is set to grant additional oil drilling blocks to Chevron and Repsol, a development that would expand production opportunity and reserves in a high-impact basin. Venezuela set to grant more oil drilling blocks to Chevron, Repsol – Bloomberg
• Positive Sentiment: Chevron has begun processing Venezuelan crude at a Gulf Coast refinery — a tangible near-term boost to volumes/refining feedstock access and a sign of resumed operations tied to political changes. Inside Chevron’s flagship refinery tapping into Venezuelan crude after Maduro’s capture
• Positive Sentiment: Chevron is returning to Libya and pursuing exploration/blocks in the Sirte Basin — a move that increases long?term upstream optionality if political/security conditions hold. Big Oil embraces global exploration again as Chevron returns to Libya
• Positive Sentiment: Company scale in the Permian (1M boe/d) and deployment of AI/mineral-right advantages were highlighted as drivers of cash flow and cost efficiency — supportive for free cash flow and shareholder returns. Chevron’s Permian Scale Drives Cash Flow and Efficiency Edge
• Positive Sentiment: Unusual options activity: traders bought roughly 1,009,814 call options (a ~2,066% jump vs. typical volume), signaling bullish sentiment or speculative positioning that can add upward price momentum.
• Neutral Sentiment: Bangchak has acquired Chevron’s Hong Kong unit as part of regional restructuring — a non-core asset sale that is likely neutral to core upstream earnings but could slightly simplify regional operations. Bangchak acquires Chevron’s Hong Kong unit to fuel regional expansion
• Neutral Sentiment: Insider disclosure: Chevron CTO Thomas Ryder Booth sold 5 shares (de minimis), an immaterial transaction unlikely to affect investor view. SEC Form 4 disclosure

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.