Evelyn Partners Investment Management LLP Has $20.71 Million Stock Position in Chevron Corporation $CVX

Evelyn Partners Investment Management LLP reduced its position in shares of Chevron Corporation (NYSE:CVX) by 3.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,111 shares of the oil and gas company’s stock after selling 3,618 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Chevron were worth $20,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in Chevron by 2.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,487,550 shares of the oil and gas company’s stock worth $307,774,000 after buying an additional 33,117 shares during the last quarter. Glen Eagle Advisors LLC raised its stake in shares of Chevron by 6.6% in the first quarter. Glen Eagle Advisors LLC now owns 3,676 shares of the oil and gas company’s stock valued at $761,000 after acquiring an additional 226 shares during the last quarter. Excelsior Advisor Network LLC boosted its holdings in shares of Chevron by 9.7% in the 1st quarter. Excelsior Advisor Network LLC now owns 18,432 shares of the oil and gas company’s stock worth $3,814,000 after acquiring an additional 1,635 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Chevron by 32.6% in the 1st quarter. Quantinno Capital Management LP now owns 899,637 shares of the oil and gas company’s stock worth $186,135,000 after acquiring an additional 221,211 shares in the last quarter. Finally, Copley Financial Group Inc. grew its position in Chevron by 22.4% during the 1st quarter. Copley Financial Group Inc. now owns 8,406 shares of the oil and gas company’s stock worth $1,739,000 after acquiring an additional 1,538 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron raised its quarterly dividend, extending its decades-long streak of dividend increases and reinforcing its appeal to income-focused investors. Chevron lifts quarterly dividend
• Positive Sentiment: A Chevron subsidiary awarded Velesto a multiyear, $51 million drilling contract for the North Malay Basin gas development in Malaysia. The agreement supports Chevron’s offshore growth plans, although its direct financial impact is likely modest relative to the company’s overall scale. Chevron North Malay Basin contract
• Neutral Sentiment: CEO Mike Wirth reportedly met with U.S. officials about protecting Chevron’s Kazakhstan oil assets from becoming entangled in the Russia-Ukraine war. The discussions highlight the strategic importance of the assets but also underscore geopolitical and regulatory risks. Chevron Kazakhstan assets discussions
• Negative Sentiment: Brent crude settled 12% lower at $86.49 per barrel, while West Texas Intermediate fell 7.5% to $82.61, after President Trump suggested a potential breakthrough with Iran. Lower oil prices can pressure Chevron’s upstream revenue, cash flow and earnings expectations. Oil prices slide on Iran negotiations
• Negative Sentiment: The broader energy sector also declined as crude prices weakened, while investors favored technology and AI-related stocks ahead of major earnings reports. This sector rotation added to selling pressure on Chevron. Energy sector update

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. This represents a 57.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a report on Thursday, April 9th. TD Cowen boosted their price objective on Chevron from $197.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. BNP Paribas Exane upgraded Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 target price on the stock in a report on Friday, April 17th. Citigroup raised their target price on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company upped their price target on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Nineteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.17.

Chevron Stock Down 2.5%

NYSE:CVX opened at $189.84 on Tuesday. The company has a market cap of $378.09 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 0.65 and a beta of 0.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The stock’s fifty day moving average price is $181.99 and its two-hundred day moving average price is $184.20. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71.

Chevron (NYSE:CVX) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.00 by $0.41. The company had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $2.18 EPS. On average, analysts anticipate that Chevron Corporation will post 15.6 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is presently 123.40%.

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.