HighPoint Advisor Group LLC Trims Position in Chevron Corporation $CVX

HighPoint Advisor Group LLC lessened its stake in shares of Chevron Corporation (NYSE:CVX) by 9.4% during the 4th quarter, Holdings Channel reports. The fund owned 120,278 shares of the oil and gas company’s stock after selling 12,519 shares during the quarter. Chevron comprises 0.8% of HighPoint Advisor Group LLC’s portfolio, making the stock its 19th largest holding. HighPoint Advisor Group LLC’s holdings in Chevron were worth $18,332,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CVX. Strategic Wealth Advisors LLC purchased a new position in shares of Chevron during the 4th quarter worth $33,000. Decker Retirement Planning Inc. purchased a new position in shares of Chevron during the 3rd quarter worth $34,000. Marquette Asset Management LLC purchased a new position in shares of Chevron during the 3rd quarter worth $41,000. Daytona Street Capital LLC purchased a new position in shares of Chevron during the 4th quarter worth $44,000. Finally, Maseco LLP purchased a new position in shares of Chevron during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is being highlighted as a beneficiary of elevated oil prices tied to Middle East tensions, which supports upstream profits and cash flow. That backdrop also reinforces investor interest in CVX as a large-cap energy name with strong capital return capacity. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
• Positive Sentiment: News that Chevron’s CEO discussed global “supply outages” points to a tight energy market, which can help support crude prices and improve near-term earnings expectations for Chevron. What Chevron’s CEO Just Said About Global ‘Supply Outages’ Could Derail Trump’s Economic Momentum
• Positive Sentiment: Analysts reportedly raised Chevron’s FY2026 EPS forecast, suggesting improving earnings expectations that may support the stock. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Positive Sentiment: Chevron’s steady shareholder returns remain a key draw for investors, with the company emphasizing its long record of dividends and multi-quarter capital returns. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
• Neutral Sentiment: Reuters reported that Syria selected an offshore block for a first deep-water oil and gas project involving Chevron and Qatar’s UCC Holding, which could be a long-term strategic opportunity but is not likely to change near-term earnings. Syria selects offshore block for first deep-water oil, gas project with Chevron
• Negative Sentiment: Rising talk of windfall taxes on European energy companies highlights a broader political risk for the sector, reminding investors that strong commodity profits can invite heavier taxation and regulatory scrutiny. Soaring energy profits reignite calls for windfall tax across Europe

Insider Activity at Chevron

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’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 completion of the transaction, the insider directly owned 11,337 shares in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 816,439 shares of company stock worth $154,339,900 over the last ninety days. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CVX. Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. 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. TD Cowen lifted their price target on Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a report on Friday. Citigroup raised their price objective on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Morgan Stanley raised their price objective on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $204.13.

Chevron Stock Up 1.7%

Shares of NYSE:CVX opened at $184.64 on Tuesday. The business has a 50-day moving average price of $193.17 and a 200 day moving average price of $172.49. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $367.73 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 0.63 and a beta of 0.51. Chevron Corporation has a 12-month low of $133.77 and a 12-month high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $2.18 EPS. Sell-side analysts expect that Chevron Corporation will post 15.02 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

About Chevron

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.