Warwick Investment Management Inc. Raises Position in Chevron Corporation $CVX

Warwick Investment Management Inc. raised its holdings in shares of Chevron Corporation (NYSE:CVX) by 95.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,463 shares of the oil and gas company’s stock after acquiring an additional 3,157 shares during the period. Warwick Investment Management Inc.’s holdings in Chevron were worth $985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. United Bank raised its stake in Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 796 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Chevron by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after buying an additional 4,214 shares in the last quarter. Edgestream Partners L.P. increased its holdings in shares of Chevron by 84.6% in the 2nd quarter. Edgestream Partners L.P. now owns 35,829 shares of the oil and gas company’s stock worth $5,130,000 after buying an additional 16,417 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of Chevron by 2.3% during the 2nd quarter. Brandes Investment Partners LP now owns 687,909 shares of the oil and gas company’s stock valued at $98,503,000 after buying an additional 15,278 shares in the last quarter. Finally, NBW Capital LLC raised its position in shares of Chevron by 3.4% during the 2nd quarter. NBW Capital LLC now owns 4,303 shares of the oil and gas company’s stock valued at $616,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. The trade was 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 link. Also, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,099,397 shares of company stock worth $196,196,468 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CVX. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Barclays lifted their price target on Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Citigroup increased their price objective on Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Jefferies Financial Group raised their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Wells Fargo & Company upped their target price on Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and an average target price of $186.50.

Chevron Stock Performance

NYSE CVX opened at $206.81 on Wednesday. The company has a 50-day simple moving average of $187.24 and a two-hundred day simple moving average of $165.98. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $214.71. The firm has a market cap of $412.67 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.67 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

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, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. On average, equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s payout ratio is currently 106.91%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Morgan Stanley and other analysts have recently raised targets and reiterated buy ratings (Morgan Stanley lifted a price target toward ~$212), supporting upside expectations and income-focused investor interest. Chevron (CVX) Price Target Raised to $212
• Positive Sentiment: Macro/sector momentum: oil posted historic monthly gains and the energy sector is a top performer, which boosts Chevron’s revenue/profit outlook and explains strong investor interest. Oil Prices Post Biggest Monthly Surge in History
• Positive Sentiment: Strategic deals and geographic expansion: Chevron announced a partnership with Libya’s National Oil Corporation to assess offshore potential, which could unlock reserves and long‑term production growth. Chevron Partners With Libya’s NOC to Unlock Offshore Potential
• Neutral Sentiment: Large‑cap investor activity: filings and coverage show Berkshire Hathaway/Buffett increasing exposure to oil names including Chevron in recent periods — a credibility boost but not an immediate price driver. Warren Buffett Went Out With a Bang by Selling 50% of His Bank of America Stake and Piling Into One of the Hottest Oil Stocks on Wall Street
• Neutral Sentiment: Power supply talks: Chevron signed an exclusivity agreement with Microsoft and Engine No. 1 on power generation/supply options in Texas — this signals diversification into power contracts but timing and returns are uncertain. Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
• Negative Sentiment: Operational hit: downstream assets at the Wheatstone LNG facility in Western Australia suffered extensive cyclone damage and the plant has been offline for weeks, tightening LNG supply and creating near‑term earnings and delivery uncertainty. This is the primary near‑term headwind pressuring CVX. Chevron’s downstream assets at Wheatstone gas facility suffer extensive damage due to cyclone
• Negative Sentiment: Regulatory/regional risk: Chevron warned it may have to close some California gas plants amid state policy pressures — a longer‑term operational and reputational risk that adds to investor caution. ‘We Won’t Be Able To Make It’ — After 140 Years In California, Chevron May Have To Close Its Gas Plants As State Plays ‘Dangerous Game’

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.