PFG Advisors Acquires 3,895 Shares of Chevron Corporation $CVX

PFG Advisors boosted its stake in Chevron Corporation (NYSE:CVX) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,691 shares of the oil and gas company’s stock after purchasing an additional 3,895 shares during the period. PFG Advisors’ holdings in Chevron were worth $7,716,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Decker Retirement Planning Inc. bought a new stake in shares of Chevron in the 3rd quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC raised its position in shares of Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 118 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of Chevron during the third quarter worth about $41,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 202 shares during the period. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of Chevron by 106.7% in the second quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 160 shares during the period. 72.42% of the stock is owned by institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. launches $20B tanker reinsurance program, supporting crude above $90 and reducing shipping-risk premium — higher crude prices improve Chevron’s upstream margins and cash flow. Read More.
• Positive Sentiment: Analysts and institutions are increasingly bullish: several firms have raised price targets (one recent note pushes target toward $210), reflecting confidence in Chevron’s cash returns and dividend profile — this supports buy-side interest. Read More.
• Positive Sentiment: Dividend raise and income story remain supportive — Chevron recently increased its quarterly payout, reinforcing its appeal to income-focused investors amid higher commodity prices. Read More.
• Neutral Sentiment: Mixed analyst landscape: while some firms lift targets, others trim fair-value estimates — consensus remains split (buys, holds, sells), which can limit sustained momentum despite positive headlines. Read More.
• Negative Sentiment: Significant insider selling: CEO Michael Wirth and other senior execs disclosed multi?million?dollar stock sales in early March — this often prompts near?term caution and profit?taking. Read More.
• Negative Sentiment: Operational disruption: Chevron has suspended certain production (e.g., Leviathan-related outages / force majeure reports) tied to regional hostilities — potential near-term volume losses and uncertainty for specific assets. Read More.
• Negative Sentiment: Broader geopolitical volatility (Strait of Hormuz attacks and halted tanker traffic) raises supply?and?policy risk that can cause sharp swing trading and higher insurance/shipment costs — a double?edged sword for oil majors. Read More.

Insider Buying and Selling at Chevron

In other news, insider R. Hewitt Pate sold 58,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the transaction, the insider owned 8,558 shares in the company, valued at approximately $1,614,466.70. This represents a 87.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at $2,355,205.50. This trade represents a 95.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,052,197 shares of company stock valued at $187,128,404 over the last 90 days. Insiders own 0.21% of the company’s stock.

Chevron Trading Up 0.1%

Shares of CVX stock opened at $190.01 on Monday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $192.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a 50 day simple moving average of $173.38 and a two-hundred day simple moving average of $160.84. The company has a market cap of $379.14 billion, a P/E ratio of 28.53, a PEG ratio of 1.91 and a beta of 0.67.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS. Research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business 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 dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Chevron’s payout ratio is currently 106.91%.

Analyst Ratings Changes

CVX has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Monday, February 2nd. Morgan Stanley decreased their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Finally, UBS Group restated a “buy” rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $178.95.

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.