12,616 Shares in Chevron Corporation $CVX Purchased by Indivisible Partners

Indivisible Partners purchased a new position in Chevron Corporation (NYSE:CVX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,616 shares of the oil and gas company’s stock, valued at approximately $1,923,000.

Several other institutional investors have also modified their holdings of CVX. Decker Retirement Planning Inc. acquired a new position in shares of Chevron in the third quarter worth about $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron in the third quarter worth about $41,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $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 about $44,000. Finally, Maseco LLP acquired a new position in shares of Chevron in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity at Chevron

In related news, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares of the company’s stock, valued at $1,614,466.70. This represents a 87.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 621,439 shares of company stock valued at $118,307,800. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, February 17th. UBS Group boosted their price objective on Chevron from $218.00 to $220.00 and gave the company a “buy” rating in a report on Monday. Citigroup boosted their price objective on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Finally, Scotiabank boosted their price objective on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $202.09.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warns physical shortages are coming — Chevron CEO Mike Wirth told markets that closure-related disruptions in the Strait of Hormuz could produce real, physical oil shortages (supporting higher prices and stronger margins for majors). Chevron CEO says physical shortages in oil supply to begin appearing (Reuters)
• Positive Sentiment: Exploration expansion — Chevron announced Mediterranean exploration offshore Malta, expanding upstream optionality and long?term production optionality. Chevron expands Mediterranean activities with exploration offshore Malta (Reuters)
• Positive Sentiment: Analyst support — RBC reiterated an outperform rating with a $220 price target, backing upside from Q1 results and capital-return momentum. Analyst backing can limit downside and attract buyers at dips. Benzinga coverage of RBC price-target
• Neutral Sentiment: Longer-term bullish cases continue — multiple investor write-ups argue Chevron has attractive 3–5 year total?return potential given cash returns and low-cost assets; these are more strategic than immediate catalysts. Chevron: Attractive Total Return Potential Over 3- To 5-Year Horizon (Seeking Alpha)
• Neutral Sentiment: Investor attention and sector tailwinds — Coverage from Zacks/market pieces highlight interest in CVX due to earnings momentum and energy sector strength; useful context but not an immediate price driver. Chevron is Attracting Investor Attention (Zacks)
• Negative Sentiment: Market bets a U.S.-Iran peace deal will end the conflict — Headlines that a near-term peace deal is likely have driven oil and oil-stock weakness (shorter-term pressure on CVX as crude risk premium fades). Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End (Barron’s)
• Negative Sentiment: Ceasefire and easing transit risk headlines — Reports the U.S. says an Iran ceasefire is holding have reduced the geopolitical premium in oil, pressuring majors near term. US Says Iran Ceasefire in Place After Clashes Over Hormuz (Bloomberg via Yahoo)
• Negative Sentiment: Reputational/political risk — A Consumer Watchdog report alleges a Chevron-funded group ran ads blaming state policies for pump-price spikes; this could draw regulatory and PR scrutiny. Phony Chevron-Funded Group Blames CA When Chevron’s Price Gouging Is Pegged For Run Up At Pump (Yahoo)

Chevron Stock Up 0.2%

Shares of Chevron stock opened at $192.65 on Wednesday. The firm has a market cap of $383.81 billion, a P/E ratio of 33.39, a P/E/G ratio of 0.71 and a beta of 0.51. The business has a 50-day moving average price of $193.26 and a 200 day moving average price of $171.64. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. 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 (NYSE:CVX) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.00 by $0.41. The company had revenue of $48.61 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 earnings per share. On average, sell-side analysts forecast that Chevron Corporation will post 14.16 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. 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 is 123.40%.

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.