Commonwealth Retirement Investments LLC Cuts Position in Chevron Corporation $CVX

Commonwealth Retirement Investments LLC decreased its holdings in Chevron Corporation (NYSE:CVX) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,620 shares of the oil and gas company’s stock after selling 6,561 shares during the quarter. Chevron comprises approximately 2.3% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 12th biggest holding. Commonwealth Retirement Investments LLC’s holdings in Chevron were worth $7,105,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CVX. Core Wealth Advisors LLC purchased a new position in Chevron in the fourth quarter worth $26,000. Strategic Wealth Advisors LLC purchased a new position in Chevron in the fourth quarter worth $33,000. Daytona Street Capital LLC purchased a new position in Chevron in the fourth quarter worth $44,000. Maseco LLP purchased a new position in Chevron in the fourth quarter worth $49,000. Finally, Turning Point Benefit Group Inc. purchased a new position in Chevron in the third quarter worth $49,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director directly owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. The trade was a 57.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the transaction, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 615,200 shares of company stock worth $118,022,760. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler upped their target price on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Citigroup upped their target price on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. TD Cowen upped their target price on Chevron from $204.00 to $205.00 and gave the company a “hold” rating in a report on Friday, May 8th. Morgan Stanley upped their target price on Chevron from $212.00 to $214.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.70.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts and market commentary are pointing to Chevron as a strong long-term buy, citing its scale, integrated business model, and durable cash generation. Why Chevron (CVX) is a Top Stock for the Long-Term
• Positive Sentiment: Chevron was also highlighted as one of the better energy dividend stocks for income investors, with its payout seen as dependable amid oil-price volatility. Want Income? Buy These 3 Top Energy Dividend Stocks Now
• Positive Sentiment: Recent coverage of Chevron’s first-quarter results emphasized a 24% jump in U.S. production and $6 billion returned to shareholders through dividends and buybacks, reinforcing the company’s cash-return story. Q1 Results Are In: Chevron Boosted U.S. Production 24% and Returned $6 Billion to Shareholders. Is CVX Stock a Buy Now?
• Neutral Sentiment: Chevron was included in a Zacks analyst roundup alongside Micron and Quanta Services as a market idea, but the mention was broad and not tied to a fresh company-specific catalyst. The Zacks Analyst Blog Highlights Micron, Chevron and Quanta Services
• Neutral Sentiment: Other energy-sector pieces discussed oil pricing, LNG disruptions, and peers like Exxon Mobil and Matador, which frame the backdrop for Chevron but do not directly change the company’s outlook. Is XOM Worth Betting on at its Premium Price or Should Investors Wait?

Chevron Stock Up 1.0%

Chevron stock opened at $189.18 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The firm has a market capitalization of $376.77 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 0.62 and a beta of 0.48. Chevron Corporation has a fifty-two week low of $139.68 and a fifty-two week high of $214.71. The stock’s fifty day moving average is $190.29 and its two-hundred day moving average is $177.22.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The business had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 earnings per share. Analysts predict that Chevron Corporation will post 15.74 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be paid 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 3.8%. Chevron’s dividend payout ratio is presently 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.