Constant Guidance Financial LLC Buys New Shares in Chevron Corporation $CVX

Constant Guidance Financial LLC bought a new stake in Chevron Corporation (NYSE:CVX) during the 4th quarter, HoldingsChannel reports. The firm bought 8,509 shares of the oil and gas company’s stock, valued at approximately $1,297,000. Chevron makes up 0.9% of Constant Guidance Financial LLC’s investment portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of CVX. Strategic Wealth Advisors LLC acquired a new position in Chevron in the fourth quarter valued at $33,000. Daytona Street Capital LLC acquired a new position in Chevron in the fourth quarter valued at $44,000. Maseco LLP bought a new stake in Chevron in the fourth quarter valued at $49,000. Turning Point Benefit Group Inc. bought a new stake in Chevron in the third quarter valued at $49,000. Finally, High Point Wealth Management LLC bought a new stake in Chevron in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider directly owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. This represents a 92.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction dated 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 directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,179,699 shares of company stock worth $224,675,517 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Chevron Trading Down 1.3%

NYSE:CVX opened at $182.24 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm has a 50-day moving average of $192.89 and a 200-day moving average of $175.45. The company has a market cap of $362.95 billion, a PE ratio of 31.58, a PEG ratio of 0.61 and a beta of 0.51. Chevron Corporation has a one year low of $135.21 and a one year high of $214.71.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.00 by $0.41. The company had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.18 earnings per share. As a group, equities research analysts expect that Chevron Corporation will post 15.74 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is presently 123.40%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Mizuho raised its price target on Chevron to $230 and kept an outperform rating, signaling expectations for meaningful upside from current levels.
• Positive Sentiment: RBC Capital and UBS remained bullish after strong Q1 results, reinforcing the view that Chevron’s earnings strength and free cash flow can support the shares.
• Positive Sentiment: New coverage highlighted Chevron as a top high-yield energy name, with analysts emphasizing its dividend appeal and resilience for long-term income investors.
• Positive Sentiment: Chevron shareholders rejected a proposal for an independent board chair, which preserves the company’s current leadership structure and may be seen as a vote of confidence in management. Reuters article
• Neutral Sentiment: Multiple articles continued to frame Chevron as a durable, income-oriented energy stock, but these pieces were mostly commentary rather than new company-specific catalysts.
• Neutral Sentiment: Reports about Chevron’s Mediterranean gas expansion and recent valuation checks suggest long-term growth potential, though they did not provide a fresh short-term catalyst.
• Negative Sentiment: Some market commentary noted that Chevron is already trading at a premium to recent levels, which may be encouraging investors to wait for a better entry point.

Analyst Ratings Changes

CVX has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Bank of America lifted their price target on shares of Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Citigroup lifted their price target on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Tudor Pickering raised shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research note on Thursday, April 9th. Finally, Scotiabank lifted their price target on shares of Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.70.

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.