Means Investment CO. Inc. Has $5.91 Million Stake in Chevron Corporation $CVX

Means Investment CO. Inc. trimmed its stake in Chevron Corporation (NYSE:CVX) by 8.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 38,793 shares of the oil and gas company’s stock after selling 3,712 shares during the quarter. Chevron comprises 0.5% of Means Investment CO. Inc.’s portfolio, making the stock its 29th largest holding. Means Investment CO. Inc.’s holdings in Chevron were worth $5,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new position in Chevron in the 3rd quarter valued at approximately $34,000. Marquette Asset Management LLC acquired a new stake in shares of Chevron during the 3rd quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of 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 valued at $42,000 after acquiring an additional 202 shares in the last quarter. Daytona Street Capital LLC acquired a new position in shares of Chevron in the fourth quarter worth $44,000. Finally, Maseco LLP purchased a new stake in shares of Chevron during the fourth quarter worth $49,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Gulf discovery and analyst upgrades lift investor sentiment — Chevron confirmed a Bandit prospect discovery in the Gulf and several analysts have raised targets, supporting upside to reserves and expectations for future cash flow. Chevron (CVX) Stock Surges on Gulf Discovery and Analyst Price Target Upgrades
• Positive Sentiment: RBC lifts price target as commodity outlook improves — RBC’s upgraded view on commodities and the subsequent price?target increase is cited by traders as a reason to buy the dip. Chevron (CVX) price target lifted by RBC as commodity view improves
• Positive Sentiment: Asset swap increases heavy?oil exposure in Venezuela — Chevron agreed an asset swap with PDVSA to boost its stake in Petroindependencia and secure Orinoco acreage, positioning CVX to monetize heavy crude as U.S. imports ease domestic price pressure. This strengthens long?term upstream optionality. Chevron Venezuela Asset Swap Reshapes Heavy Oil Exposure And Valuation Story
• Positive Sentiment: High oil prices + media endorsement — Elevated Brent prices from Strait of Hormuz disruptions and public endorsements (e.g., Jim Cramer) are lifting sentiment toward integrated majors like Chevron. The $100 Barrel Is Back: Trading The Hormuz Havoc
• Neutral Sentiment: Analyst commentary is mixed but active — Some outlets highlight bullish Wall Street coverage and buy recommendations while others debate valuation vs. peers (e.g., Petrobras), leaving conviction split among investors. PBR vs. CVX: Which Stock Is the Better Value Option?
• Neutral Sentiment: Coverage notes strong Q4 operating performance but questions on strategy mix — Analysts praise integrated cash generation while flagging Chevron’s move into complex, long?dated heavy?oil projects as a strategic tradeoff between near?term cash and longer lead?time risk. Is Chevron (CVX) Trading Long-Term Risk for Cash Flow With Its Venezuela Heavy Oil Bet?
• Negative Sentiment: Analyst downgrade pressured the stock today — A recent downgrade has driven selling pressure and is the proximate cause of the intraday decline. Chevron (NYSE:CVX) Stock Price Down 2.5% on Analyst Downgrade
• Negative Sentiment: Venezuelan partner says it was not notified — Suelopetrol’s statement that it received no notice of Chevron’s JV stake increase introduces legal/operational uncertainty that could delay project benefits or spark disputes. Suelopetrol has not been notified of Chevron’s expansion at Venezuela joint venture, company says
• Negative Sentiment: Ceasefire extension talks could calm Strait-of?Hormuz risk — If the U.S. and Iran extend the truce and reopen shipping lanes, oil prices could ease, removing a key near?term tailwind for Chevron shares. US, Iran Consider Extending Ceasefire as Strait of Hormuz and Nuclear Talks Continue

Chevron Price Performance

Shares of NYSE:CVX opened at $184.86 on Thursday. The company has a market cap of $368.29 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.16 and a beta of 0.60. The business has a 50 day moving average price of $192.10 and a 200 day moving average price of $168.63. 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 $132.33 and a twelve month high of $214.71.

Chevron (NYSE:CVX) last announced its 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 business had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current 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 given a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CVX. Sanford C. Bernstein lifted their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Friday, March 20th. BMO Capital Markets reiterated an “outperform” rating and set a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Royal Bank Of Canada boosted their price target on Chevron from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Citigroup increased their price objective on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.09.

Insider Buying and Selling at Chevron

In related news, insider R. Hewitt Pate sold 58,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was 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 in the company, valued at $1,614,466.70. The trade was a 87.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $3,918,966.00. Following the completion of the transaction, the insider directly owned 666 shares of the company’s stock, valued at approximately $117,568.98. This trade represents a 97.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 779,407 shares of company stock valued at $145,972,971 in the last three months. Company insiders own 0.21% of the company’s stock.

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.