Cullinan Associates Inc. Decreases Stock Holdings in Chevron Corporation $CVX

Cullinan Associates Inc. lowered its stake in shares of Chevron Corporation (NYSE:CVX) by 6.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 105,717 shares of the oil and gas company’s stock after selling 6,850 shares during the period. Chevron comprises about 1.1% of Cullinan Associates Inc.’s portfolio, making the stock its 22nd biggest position. Cullinan Associates Inc.’s holdings in Chevron were worth $16,112,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barlow Wealth Partners LLC raised its position in shares of Chevron by 1.1% during the 4th quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC raised its position in shares of Chevron by 6.1% during the 4th quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 61 shares during the last quarter. TigerOak Management L.L.C. raised its position in shares of Chevron by 0.7% during the 4th quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company’s stock worth $1,375,000 after purchasing an additional 62 shares during the last quarter. Heritage Wealth Management Inc. raised its position in shares of Chevron by 0.3% during the 4th quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company’s stock worth $3,642,000 after purchasing an additional 62 shares during the last quarter. Finally, Wilkins Miller Wealth Management LLC raised its position in shares of Chevron by 0.7% during the 4th quarter. Wilkins Miller Wealth Management LLC now owns 8,645 shares of the oil and gas company’s stock worth $1,318,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In related news, insider Andrew Benjamin Walz sold 22,200 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 666 shares of the company’s stock, valued at approximately $117,568.98. This represents a 97.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares in the company, valued at $2,130,449.04. The trade was a 92.49% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 695,439 shares of company stock valued at $131,274,332. 0.56% of the stock is owned by corporate insiders.

Chevron Stock Performance

Shares of CVX opened at $193.70 on Friday. 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 company has a market capitalization of $385.90 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 0.71 and a beta of 0.60. The company’s 50 day simple moving average is $193.08 and its 200 day simple moving average is $171.09. Chevron Corporation has a 1 year low of $133.77 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 for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 earnings per share. On average, sell-side analysts predict that Chevron Corporation will post 14.13 EPS for the current year.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS forecasts for Chevron, signaling improved analyst expectations for multi-year earnings power. MarketBeat: CVX Free Report
• Positive Sentiment: Chevron executives said increasing Venezuelan crude imports are helping ease U.S. gasoline price pressure at the margin — a near-term demand/sentiment positive for consumer fuel costs and downstream margins. Venezuelan Crude Will Eventually Lower US Gas Prices: Chevron Exec
• Positive Sentiment: Ongoing Middle East tensions have pushed crude prices higher, which tends to support integrated oil majors’ upstream cash flows and dividend/backlog stability. Trump Discussed Extended Blockade With Oil, Commodities Chiefs
• Neutral Sentiment: Investors are focused on Q1 results due May 1; market previews and polling (Polymarket, Benzinga, TipRanks) emphasize that beat/miss vs. lowered expectations will drive short-term moves. Polymarket Earnings: Will CVX, XOM, MRNA Beat Earnings Tomorrow?
• Neutral Sentiment: Market roundups and TV previews flag Chevron among major names to watch Friday, reinforcing heightened attention and potential intraday volatility around the release. What’s on deck for markets: Friday, May 1
• Negative Sentiment: Several pieces warn Q1 earnings are set to fall sharply year-over-year and that headline EPS declines could disappoint sentiment if Chevron doesn’t beat lowered expectations. Chevron earnings are set to fall hard. Don’t be fooled.
• Negative Sentiment: Industry reporting highlights that Exxon and Chevron may see double-digit Q1 profit drops amid Middle East crosswinds — a reminder that higher oil prices can coincide with operational/refining disruptions that pressure near-term results. Exxon and Chevron Q1 profits brace for double-digit drop amid Middle East crosswinds
• Negative Sentiment: Chevron CEO Mike Wirth warned jet-fuel supply strains from the Middle East could worsen — a potential operational headwind for refining margins and supply chains. Chevron CEO Wirth sees aviation strain worsening on Middle East jet fuel disruption

Wall Street Analysts Forecast Growth

CVX has been the subject of several research reports. Scotiabank lifted their price objective on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group lifted their price objective on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada lifted their price objective on Chevron from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $198.09.

Chevron 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.