Chevron Corporation $CVX Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 29.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,825 shares of the oil and gas company’s stock after acquiring an additional 19,188 shares during the period. Global Retirement Partners LLC’s holdings in Chevron were worth $12,928,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CVX. Strategic Wealth Advisors LLC acquired a new stake in shares of Chevron during the fourth quarter valued at $33,000. Daytona Street Capital LLC acquired a new stake in shares of Chevron during the fourth quarter valued at $44,000. Maseco LLP acquired a new stake in shares of Chevron during the fourth quarter valued at $49,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Chevron during the third quarter valued at $49,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Chevron during the fourth quarter valued at $53,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $216.00 price objective on shares of Chevron in a research note on Wednesday, May 6th. UBS Group increased their price objective on Chevron from $218.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, TD Cowen raised their price target on Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Chevron Stock Down 3.0%

Shares of NYSE:CVX opened at $191.39 on Thursday. The stock’s 50-day moving average price is $193.45 and its two-hundred day moving average price is $174.25. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12-month low of $133.77 and a 12-month high of $214.71. The firm has a market cap of $381.18 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 0.66 and a beta of 0.51.

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, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The firm had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same period last year, the company earned $2.18 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Chevron Corporation will post 15.43 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

Insider Buying and Selling

In other news, insider Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider R. Hewitt Pate sold 58,000 shares of the firm’s 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 completion of the transaction, the insider owned 8,558 shares in the company, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 799,699 shares of company stock worth $151,259,517. Corporate insiders own 0.56% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed to sell several Asia Pacific refining and retail assets to Japan’s Eneos, a move expected to bring in about $2.17 billion and help streamline its international portfolio. Chevron Corporation (CVX) Poised for $2.17B Boost from Asia Pacific Asset Sale
• Positive Sentiment: Several analyst and market commentary pieces remain constructive on Chevron, with coverage citing stronger oil prices, attractive long-term energy exposure, and continued interest from income-focused investors. Oil Prices Are Rising and So Is Chevron Stock. It Can Keep Going.
• Positive Sentiment: Chevron is still benefiting from the broader energy trade, as higher crude prices and ongoing geopolitical tensions keep large integrated oil producers in focus. Oil Remains Above 100: Are Permian Stocks a Smart Bet Now?
• Neutral Sentiment: Trading activity has been elevated, and some reports say Chevron is consolidating after a recent run, which suggests investors are watching whether the stock can hold recent gains. CVX Volume Hits 14.56M as Chevron Pulls Back From $197.25
• Neutral Sentiment: Energy-stock comparisons and long-term buy/hold debates are keeping Chevron in the market conversation, but these pieces are mostly opinion-driven rather than new company-specific catalysts. ExxonMobil vs. Chevron: Better Energy Stock to Buy Now?
• Negative Sentiment: Chevron is facing shareholder and ESG scrutiny ahead of its May 27 annual meeting, as activists push investors to oppose a proposal tied to the company’s Israel operations. That adds a potential reputational and governance overhang. Chevron Israel Activism Puts ESG Risks And Valuation In Focus
• Negative Sentiment: Investors are also digesting Berkshire Hathaway’s continued trimming of its Chevron stake, which can be read as a sign of reduced conviction from a major long-term holder. Berkshire Hathaway Trims Stake in Chevron (CVX)

Chevron Company 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.