Chevron Corporation $CVX Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. lessened its stake in shares of Chevron Corporation (NYSE:CVX) by 45.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,813 shares of the oil and gas company’s stock after selling 3,209 shares during the quarter. Verity Asset Management Inc.’s holdings in Chevron were worth $581,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CVX. Barlow Wealth Partners LLC raised its position in Chevron by 1.1% in the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC raised its position in Chevron by 6.1% in the fourth quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 61 shares in the last quarter. TigerOak Management L.L.C. raised its position in Chevron by 0.7% in the fourth quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company’s stock worth $1,375,000 after purchasing an additional 62 shares in the last quarter. Heritage Wealth Management Inc. raised its position in Chevron by 0.3% in the fourth quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company’s stock worth $3,642,000 after purchasing an additional 62 shares in the last quarter. Finally, Wilkins Miller Wealth Management LLC raised its position in Chevron by 0.7% in the fourth quarter. Wilkins Miller Wealth Management LLC now owns 8,645 shares of the oil and gas company’s stock worth $1,318,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Chevron stock traded down $0.28 during trading hours on Thursday, hitting $191.94. 1,191,557 shares of the stock were exchanged, compared to its average volume of 12,516,514. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market capitalization of $382.39 billion, a P/E ratio of 28.77, a P/E/G ratio of 0.71 and a beta of 0.60. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71. The business’s 50-day moving average is $192.91 and its two-hundred day moving average is $170.93.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share 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 analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. Equities research analysts expect that Chevron Corporation will post 13.55 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.7%. Chevron’s dividend payout ratio is presently 106.91%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group sharply raised its FY2026 and FY2027 EPS forecasts for Chevron, lifting forward earnings expectations and supporting valuation upside. Erste Group Upgrades / MarketBeat CVX
• Positive Sentiment: Geopolitical risk around Iran and related White House outreach to oil traders (including Chevron) has helped propel crude to multi-year highs, a tailwind for integrated oil majors’ upstream cash flows. White House meets with Chevron, oil traders amid Iran standoff – Politico
• Positive Sentiment: Reports that the U.S. discussed extending a blockade of Iran with energy executives have tightened market sentiment and lifted oil/refining margins, which can boost Chevron’s refining and marketing results. Trump Discussed Extended Blockade With Oil, Commodities Chiefs
• Positive Sentiment: Surging refining crack spreads (seen in peers like Valero) suggest near-term margin tailwinds for refiners; that dynamic can help Chevron offset upstream weakness. Valero Energy Earnings To Skyrocket As Crack Spreads Soar Amid Iran War
• Positive Sentiment: Reports that Eneos is in talks to buy ~$2B of Chevron’s Asian assets could signal portfolio simplification and cash/return-enhancing asset sales. Eneos in final talks for $2B in Asian assets from Chevron – Bloomberg / Seeking Alpha
• Neutral Sentiment: Dividend-focused pieces highlight Chevron’s 3.7% yield and income strategies ahead of Q1, which supports buy-and-hold interest but is not an immediate catalyst for price moves. How To Earn $500 A Month From Chevron Stock Ahead Of Q1 Earnings – Benzinga
• Neutral Sentiment: Longer-term narrative pieces argue a recent pullback may present a buying opportunity for investors focused on energy exposure and dividend income. The Crude Reality: Pullback Creates High-Conviction Opportunity in Chevron (CVX)
• Negative Sentiment: Consensus expects a sharp Q1 EPS decline (street estimate ~$0.97/share) and revenue weakness; Q1 results due May 1 are the key near-term risk—misses could pressure the stock. Exxon Mobil and Chevron Will Report Q1 Earnings Tomorrow – TipRanks
• Negative Sentiment: Pre-earnings coverage warns Chevron is bracing for year-over-year declines in both earnings and revenue; confirmation of softness could weigh on multiples. Chevron braces for Q1 earnings and revenue decline – Invezz
• Negative Sentiment: Recent technical pullback (~10% over 30 days) leaves CVX nearer-term vulnerable to disappointing Q1 details or weaker oil/refining dynamics. Is Chevron (CVX) Offering Value After A 10.8% Monthly Pullback?

Insider Transactions at Chevron

In related news, insider Andrew Benjamin Walz sold 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total value of $3,918,966.00. Following the completion of the transaction, the insider owned 666 shares in the company, valued at $117,568.98. The trade was a 97.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at $764,093.66. This trade represents a 88.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 768,673 shares of company stock worth $144,148,191 over the last ninety days. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Melius Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, February 17th. Wells Fargo & Company upped their price objective on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Jefferies Financial Group upped their price objective on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Mizuho upped their price objective on shares of Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and a consensus price target of $198.09.

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.