Cwm LLC Grows Position in Chevron Corporation $CVX

Cwm LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 359,809 shares of the oil and gas company’s stock after purchasing an additional 4,522 shares during the quarter. Cwm LLC’s holdings in Chevron were worth $54,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in Chevron in the 3rd quarter valued at about $34,000. Marquette Asset Management LLC acquired a new position in Chevron in the 3rd quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC grew its position in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Daytona Street Capital LLC acquired a new position in Chevron in the 4th quarter valued at about $44,000. Finally, Maseco LLP acquired a new position in Chevron in the 4th quarter valued at about $49,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: RBC raised its price target on CVX as its commodity outlook improved, supporting a higher valuation and giving investors a buy-side analyst catalyst. RBC price target lift
• Positive Sentiment: Chevron confirmed a Gulf discovery at the Bandit prospect and reported upgrades to its Venezuela heavy?oil footprint (asset?swap with PDVSA), which increase long?life reserves and upside to future production and cash flow. Gulf discovery & Venezuela expansion
• Positive Sentiment: Media and commentators (including Jim Cramer) have been bullish on offshore leaders like Chevron, boosting retail/inflow interest into CVX. Jim Cramer bullish call
• Neutral Sentiment: Analyst and industry writeups (Zacks, MarketBeat) highlight Chevron’s strong integrated model and Q1 profit outlook, providing context for valuation debates but not an immediate catalyst. Zacks asset swap commentary
• Neutral Sentiment: Comparative valuation pieces (PBR vs CVX, DCF/valuation analysis) are circulating, which may influence longer?term positioning but have limited immediate price impact. PBR vs CVX valuation piece
• Negative Sentiment: Suelopetrol says it hasn’t been notified about Chevron’s claimed expansion to 49% in the Petroindependencia JV, raising legal/partner?approval uncertainty around the Venezuela deal. Suelopetrol statement
• Negative Sentiment: TD Cowen and other cautious notes have trimmed expectations for CVX, offsetting some upside from upgrades and creating analyst?driven selling pressure. TD Cowen lowers expectations
• Negative Sentiment: Diplomatic progress (possible U.S.–Iran ceasefire extension / talks to reopen the Strait of Hormuz) could reduce oil?price volatility and remove a near?term tailwind for refiners and major oil producers. Ceasefire / Hormuz talks

Wall Street Analysts Forecast Growth

CVX has been the subject of several research reports. Morgan Stanley lifted their target price on Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a research report on Tuesday, January 20th. Wells Fargo & Company lifted their target price on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Finally, Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average target price of $195.09.

Insider Activity

In related news, 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 transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alana K. Knowles sold 2,408 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 779,407 shares of company stock valued at $145,972,971 over the last 90 days. Insiders own 0.21% of the company’s stock.

Chevron Stock Performance

Shares of CVX opened at $184.86 on Thursday. The stock has a 50-day simple moving average of $192.10 and a 200-day simple moving average of $168.63. 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 market capitalization of $368.29 billion, a PE ratio of 27.76, a PEG ratio of 1.16 and a beta of 0.60. Chevron Corporation has a 1 year low of $132.33 and a 1 year high of $214.71.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion during 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 business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. On average, analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is 106.91%.

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.