Orleans Capital Management Corp LA Has $2.26 Million Stock Holdings in Chevron Corporation $CVX

Orleans Capital Management Corp LA trimmed its holdings in shares of Chevron Corporation (NYSE:CVX) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,545 shares of the oil and gas company’s stock after selling 5,489 shares during the quarter. Chevron accounts for about 1.5% of Orleans Capital Management Corp LA’s portfolio, making the stock its 21st largest position. Orleans Capital Management Corp LA’s holdings in Chevron were worth $2,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CVX. Decker Retirement Planning Inc. bought a new stake in shares of Chevron in the third quarter worth $34,000. Vermillion & White Wealth Management Group LLC increased its holdings in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 118 shares during the period. Marquette Asset Management LLC bought a new position in Chevron during the 3rd quarter worth $41,000. Barnes Dennig Private Wealth Management LLC raised its position in Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its holdings in Chevron by 106.7% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock worth $44,000 after buying an additional 160 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider R. Hewitt Pate sold 58,000 shares of the firm’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 directly owned 8,558 shares of the company’s stock, valued at $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the transaction, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,052,197 shares of company stock worth $187,128,404. Company insiders own 0.21% of the company’s stock.

Key Stories Impacting Chevron

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.

Chevron Stock Up 0.1%

CVX stock opened at $190.01 on Friday. The firm has a market capitalization of $379.14 billion, a PE ratio of 28.53, a P/E/G ratio of 1.91 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $192.41. The stock’s 50 day moving average is $173.38 and its 200-day moving average is $160.73.

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

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is presently 106.91%.

Analysts Set New Price Targets

A number of research firms have commented on CVX. TD Cowen upped their price target on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Piper Sandler cut their price objective on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Wells Fargo & Company upped their target price on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Chevron currently has an average rating of “Hold” and an average price target 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.