Perennial Investment Advisors LLC Has $3.10 Million Stock Holdings in Chevron Corporation $CVX

Perennial Investment Advisors LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 50.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 19,958 shares of the oil and gas company’s stock after acquiring an additional 6,670 shares during the period. Perennial Investment Advisors LLC’s holdings in Chevron were worth $3,099,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in Chevron during the third quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after buying an additional 118 shares during the period. Marquette Asset Management LLC bought a new position in shares of Chevron during the 3rd quarter worth approximately $41,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA grew its position in Chevron by 106.7% in the second quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 160 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CVX shares. Piper Sandler cut their price objective on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. UBS Group reissued a “buy” rating and set a $212.00 price objective on shares of Chevron in a report on Monday, February 2nd. Barclays lifted their target price on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. TD Cowen lifted their price target on shares of Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, Argus set a $203.00 price objective on Chevron in a research note on Tuesday, February 3rd. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $178.95.

Insiders Place Their Bets

In related news, insider Alana K. Knowles sold 2,408 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction dated 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 transaction, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,052,197 shares of company stock worth $187,128,404 in the last ninety days. 0.21% of the stock is owned by insiders.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical-driven oil rally: higher crude and gas prices amid Middle East escalation are lifting energy-sector earnings power and provide a tailwind to Chevron’s integrated margins. Read More.
• Positive Sentiment: Analyst upgrades and price-target raises: several firms have bumped targets and reiterated conviction in CVX’s cash returns (recent headline target lifts push some forecasts above $200), supporting buying interest. Read More.
• Positive Sentiment: Market narrative as “geopolitical insurance”: institutional commentary and coverage are treating majors like Chevron as hedges in a volatile oil backdrop, which attracts risk‑off flows into large integrated producers. Read More.
• Positive Sentiment: Dividend increase: Chevron raised its quarterly payout, reinforcing the income case for investors and supporting the stock’s valuation relative to peers. Read More.
• Neutral Sentiment: Bullish commentary and theses: retail and independent outlets have circulated bullish writeups summarizing reasons to buy CVX (scale, cash returns, dividend), which can help sentiment but don’t always move institutional flows on their own. Read More.
• Negative Sentiment: Operational disruption — Leviathan pause: Chevron suspended production at the Leviathan gas field amid regional security orders, creating near‑term volume and revenue uncertainty for that asset. Read More.
• Negative Sentiment: Large insider selling: multiple senior executives — including reported multi‑million‑dollar sales by the CEO and other officers — have disclosed big stock sales in early March, which often triggers short‑term caution and profit‑taking. Read More.
• Negative Sentiment: Regulatory/political risk: Chevron warned California officials that certain state energy policies could affect refining economics; domestic policy uncertainty can increase volatility and operational constraints. Read More.

Chevron Trading Up 2.0%

NYSE CVX opened at $189.78 on Friday. Chevron Corporation has a one year low of $132.04 and a one year high of $191.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market cap of $378.68 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.87 and a beta of 0.67. The stock’s 50-day moving average is $172.58 and its 200-day moving average is $160.49.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS. Sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

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

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.