Robertson Stephens Wealth Management LLC Grows Position in Chevron Corporation $CVX

Robertson Stephens Wealth Management LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,551 shares of the oil and gas company’s stock after buying an additional 2,970 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Chevron were worth $3,590,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CVX. Vanguard Group Inc. boosted its position in shares of Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after buying an additional 27,961,463 shares during the last quarter. State Street Corp boosted its position in shares of Chevron by 9.1% during the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Primecap Management Co. CA purchased a new stake in shares of Chevron during the third quarter valued at $988,083,000. Bank of New York Mellon Corp boosted its position in shares of Chevron by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after buying an additional 4,279,918 shares during the last quarter. Finally, Amundi boosted its position in shares of Chevron by 41.8% during the third quarter. Amundi now owns 11,760,376 shares of the oil and gas company’s stock valued at $1,811,333,000 after buying an additional 3,464,058 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Adjusted Q1 results topped Street estimates — Chevron reported adjusted EPS of $1.41, outpacing consensus, helped by higher oil & gas realizations and upstream production gains (Hess integration lifted output). Chevron’s upstream strength lifts first-quarter earnings past estimate
• Neutral Sentiment: Elevated crude prices from Middle East tensions remain a potential tailwind for future quarters, but the path is volatile and timing of higher realized profits depends on hedging and production recovery. Big Oil earnings and oil price context
• Neutral Sentiment: Wall Street positioning: analysts have been updating forecasts ahead of and after the print (some raise long?term EPS outlooks), which could limit downside if guidance/forward cues are constructive. Analyst forecast changes ahead of Q1
• Negative Sentiment: Headline profits plunged (net income fell ~36%) primarily because of derivative timing losses and hedges that moved against Chevron, dragging reported earnings even though operational results improved. Profit hits five-year low due to hedging & timing
• Negative Sentiment: Balance?sheet / cash?flow signal: management flagged Middle East risks and the company’s net?debt-to?cash?flow metric worsened, increasing investor concern about near?term financial flexibility. Net debt to cash flow worsens; CEO flags risks
• Negative Sentiment: Short?term market pressure from softening oil: crude weakened intraday (~3% drop), which pulled energy names lower and amplified selling after the mixed print. Crude oil down 3% and mixed Q1 coverage

Chevron Stock Down 1.3%

CVX stock opened at $190.79 on Friday. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The business’s 50-day moving average is $193.08 and its two-hundred day moving average is $171.23. 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 cap of $380.12 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 0.71 and a beta of 0.51.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.44. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $48.61 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same quarter in the prior year, the company earned $2.18 earnings per share. Chevron’s revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that Chevron Corporation will post 14.13 earnings per share for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. Chevron’s dividend payout ratio (DPR) is 123.40%.

Insider Transactions at Chevron

In other news, CTO Thomas Ryder Booth sold 11,076 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $184.40, for a total value of $2,042,414.40. Following the transaction, the chief technology officer owned 1,122 shares of the company’s stock, valued at $206,896.80. This trade represents a 90.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was 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 in the company, valued at $117,568.98. This trade represents a 97.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 695,439 shares of company stock valued at $131,274,332. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Tuesday, February 17th. Jefferies Financial Group increased their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. UBS Group reissued a “buy” rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Finally, Wells Fargo & Company increased their target price on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target 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.