Mcdonald Partners LLC Sells 5,416 Shares of Chevron Corporation $CVX

Mcdonald Partners LLC trimmed its position in Chevron Corporation (NYSE:CVX) by 20.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,515 shares of the oil and gas company’s stock after selling 5,416 shares during the quarter. Chevron makes up about 1.0% of Mcdonald Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Mcdonald Partners LLC’s holdings in Chevron were worth $3,280,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in Chevron in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron in the 3rd quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Chevron by 306.1% in 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 purchasing an additional 202 shares during the period. Daytona Street Capital LLC acquired a new position in shares of Chevron in the 4th quarter valued at $44,000. Finally, Maseco LLP acquired a new position in shares of Chevron in the 4th quarter valued at $49,000. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of analyst reports. Mizuho increased their price target on Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Piper Sandler increased their price target on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Jefferies Financial Group increased their price target on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Argus set a $203.00 price target on Chevron in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.09.

Chevron Price Performance

CVX opened at $190.79 on Friday. The stock has a market cap of $380.12 billion, a P/E ratio of 33.07, a P/E/G ratio of 0.71 and a beta of 0.51. 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 12 month low of $133.77 and a 12 month high of $214.71. The company has a fifty day simple moving average of $193.08 and a 200 day simple moving average of $171.23.

Chevron (NYSE:CVX) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.44. The firm had revenue of $48.61 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.18 EPS. On average, research analysts expect that Chevron Corporation will post 14.13 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors 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 dividend on an annualized basis and a yield of 3.7%. Chevron’s dividend payout ratio is presently 123.40%.

Insider Transactions at Chevron

In related news, CTO Thomas Ryder Booth sold 11,076 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $184.40, for a total value of $2,042,414.40. Following the completion of the transaction, the chief technology officer directly owned 1,122 shares of the company’s stock, valued at approximately $206,896.80. This represents a 90.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider directly owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 695,439 shares of company stock worth $131,274,332. Company insiders own 0.56% of the company’s stock.

Chevron News Roundup

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 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.