Orion Porfolio Solutions LLC Has $28.90 Million Position in Chevron Corporation $CVX

Orion Porfolio Solutions LLC grew its stake in Chevron Corporation (NYSE:CVX) by 10.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 186,103 shares of the oil and gas company’s stock after acquiring an additional 17,381 shares during the period. Orion Porfolio Solutions LLC’s holdings in Chevron were worth $28,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Castellan Group raised its stake in Chevron by 10.7% in the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after purchasing an additional 1,965 shares in the last quarter. United Bank lifted its stake in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after buying an additional 4,214 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of Chevron by 45.1% in the 2nd quarter. NewSquare Capital LLC now owns 756 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 235 shares in the last quarter. Finally, Arrowroot Family Office LLC bought a new stake in shares of Chevron during the second quarter worth $627,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Down 1.4%

CVX stock opened at $186.09 on Thursday. The stock’s 50 day simple moving average is $171.79 and its 200 day simple moving average is $160.28. The company has a market cap of $371.32 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.90 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $191.56.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wall Street support: several firms have been lifting price targets and forecasts for CVX this week, including a recent price-target bump to $210, signaling analyst confidence in Chevron’s cash returns and resilience. Read More.
• Positive Sentiment: Geopolitical-driven commodity rally: rising oil and gas prices from Middle East supply concerns are boosting energy-sector earnings power, which benefits integrated majors like Chevron by improving margins across upstream and refining. Read More.
• Neutral Sentiment: Mixed analyst landscape: while several firms upgraded targets, consensus ratings remain varied (buys, holds and some sells). That split can cap follow-through buying despite positive price-target headlines. Read More.
• Negative Sentiment: Large insider sales: multiple senior executives — including CEO Michael Wirth (reported sale of ~272,624 shares) and other officers — have disclosed multi-million-dollar stock sales in early March, which often spurs near-term investor caution and profit-taking. Read More.
• Negative Sentiment: Operational disruption: Chevron suspended production at the Leviathan gas field and declared force majeure amid regional hostilities — a direct hit to near-term volumes and a reminder that specific assets face outage risk. Read More.
• Negative Sentiment: Broader geopolitical volatility: reports of Iran-related pressure on shipping (Strait of Hormuz) and contacts between Iranian and U.S. officials are increasing supply- and policy-risk that can swing CVX’s short-term performance despite commodity tailwinds. Read More.

Insider Activity

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. The trade was a 88.03% 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 have sold 1,052,197 shares of company stock valued at $187,128,404. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CVX. BMO Capital Markets restated an “outperform” rating and set a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Barclays upped their price target on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein raised their target price on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $178.95.

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.