Regal Partners Ltd Invests $14.29 Million in Chevron Corporation $CVX

Regal Partners Ltd bought a new position in Chevron Corporation (NYSE:CVX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 69,071 shares of the oil and gas company’s stock, valued at approximately $14,291,000. Chevron comprises about 0.8% of Regal Partners Ltd’s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds also recently bought and sold shares of CVX. State Street Corp grew its position in shares of Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc increased its stake in shares of Chevron by 6.6% during the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares during the period. Geode Capital Management LLC raised its holdings in shares of Chevron by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock valued at $6,620,187,000 after acquiring an additional 134,890 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Chevron by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock valued at $5,492,377,000 after acquiring an additional 961,341 shares in the last quarter. Finally, Norges Bank purchased a new stake in Chevron in the fourth quarter worth $3,727,586,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the transaction, the director owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Chevron Stock Down 1.2%

NYSE:CVX opened at $187.70 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm’s 50-day moving average price is $181.80 and its 200-day moving average price is $184.43. The company has a market capitalization of $373.82 billion, a PE ratio of 32.53, a P/E/G ratio of 0.63 and a beta of 0.50. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. During the same period last year, the company posted $2.18 EPS. Chevron’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Chevron Corporation will post 15.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CVX shares. Citigroup boosted their price objective on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Wells Fargo & Company raised their target price on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Zacks Research cut shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a research report on Thursday, July 2nd. Finally, BNP Paribas Exane raised shares of Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price target for the company in a research note on Friday, April 17th. Nineteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.04.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron raised its quarterly dividend, extending its decades-long record of dividend increases. The move reinforces the company’s appeal to income-focused investors and signals confidence in cash-flow generation. Chevron Lifts Quarterly Dividend
• Positive Sentiment: Chevron is evaluating opportunities in Iraq’s large oil fields and export infrastructure, potentially expanding its upstream presence in a major producing region. Chevron Returns to Iraq
• Positive Sentiment: A Chevron subsidiary awarded a roughly $51 million, multiyear drilling contract for Malaysia’s North Malay Basin gas development. The project supports longer-term production growth, although its immediate earnings impact is likely limited. Chevron Signs North Malay Basin Contract
• Neutral Sentiment: Analysts and fund commentary remain constructive on Chevron’s ability to benefit from elevated commodity prices, but investors are focused on whether second-quarter results and management guidance can support the stock near its buy point. Pre-Q2 Earnings: Is Chevron Stock a Buy, Hold, or Sell?
• Neutral Sentiment: Chief Executive Mike Wirth met with U.S. officials about protecting Chevron’s Kazakhstan assets, highlighting the strategic importance of the operations while also underscoring geopolitical and regulatory exposure. Chevron Meets U.S. Officials Over Kazakhstan Assets
• Negative Sentiment: Crude prices fell sharply after President Trump indicated possible negotiations with Iran, reducing geopolitical supply-risk premiums. Brent and West Texas Intermediate declines pulled the broader energy sector lower and directly pressured Chevron’s near-term earnings outlook. Oil Prices Slide as Trump Touts Possible Negotiations With Iran

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.