Lyell Wealth Management LP Lowers Stock Holdings in Chevron Corporation $CVX

Lyell Wealth Management LP lessened its stake in Chevron Corporation (NYSE:CVX) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,006 shares of the oil and gas company’s stock after selling 3,175 shares during the period. Lyell Wealth Management LP’s holdings in Chevron were worth $3,883,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CVX. Norges Bank acquired a new position in Chevron in the 2nd quarter valued at $2,721,477,000. Bank of New York Mellon Corp boosted its holdings in shares of Chevron by 27.9% in the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Chevron by 14,194.2% in the second quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock valued at $532,984,000 after acquiring an additional 3,696,177 shares in the last quarter. Berkshire Hathaway Inc increased its stake in shares of Chevron by 2.9% during the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after acquiring an additional 3,454,258 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Chevron by 32.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,125,735 shares of the oil and gas company’s stock worth $1,417,135,000 after purchasing an additional 2,218,283 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chevron

In other news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the completion of the sale, the insider owned 7,161 shares in the company, valued at $1,247,231.37. This represents a 86.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 793,163 shares of company stock valued at $127,920,502 in the last ninety days. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on CVX. BMO Capital Markets reiterated an “outperform” rating and set a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research note on Tuesday, January 20th. Morgan Stanley dropped their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Raymond James Financial reissued an “outperform” rating and issued a $160.00 target price (down previously from $170.00) on shares of Chevron in a report on Friday, October 17th. Finally, TD Cowen upped their price target on shares of Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Chevron has an average rating of “Hold” and a consensus target price of $175.00.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela is set to grant additional oil drilling blocks to Chevron and Repsol, a development that would expand production opportunity and reserves in a high-impact basin. Venezuela set to grant more oil drilling blocks to Chevron, Repsol – Bloomberg
• Positive Sentiment: Chevron has begun processing Venezuelan crude at a Gulf Coast refinery — a tangible near-term boost to volumes/refining feedstock access and a sign of resumed operations tied to political changes. Inside Chevron’s flagship refinery tapping into Venezuelan crude after Maduro’s capture
• Positive Sentiment: Chevron is returning to Libya and pursuing exploration/blocks in the Sirte Basin — a move that increases long‑term upstream optionality if political/security conditions hold. Big Oil embraces global exploration again as Chevron returns to Libya
• Positive Sentiment: Company scale in the Permian (1M boe/d) and deployment of AI/mineral-right advantages were highlighted as drivers of cash flow and cost efficiency — supportive for free cash flow and shareholder returns. Chevron’s Permian Scale Drives Cash Flow and Efficiency Edge
• Positive Sentiment: Unusual options activity: traders bought roughly 1,009,814 call options (a ~2,066% jump vs. typical volume), signaling bullish sentiment or speculative positioning that can add upward price momentum.
• Neutral Sentiment: Bangchak has acquired Chevron’s Hong Kong unit as part of regional restructuring — a non-core asset sale that is likely neutral to core upstream earnings but could slightly simplify regional operations. Bangchak acquires Chevron’s Hong Kong unit to fuel regional expansion
• Neutral Sentiment: Insider disclosure: Chevron CTO Thomas Ryder Booth sold 5 shares (de minimis), an immaterial transaction unlikely to affect investor view. SEC Form 4 disclosure

Chevron Price Performance

Shares of NYSE CVX opened at $183.65 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $162.51 and its 200 day moving average price is $157.42. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $186.52. The stock has a market cap of $369.79 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 12.26 and a beta of 0.70.

Chevron (NYSE:CVX) last announced 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 company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. As a group, research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. Chevron’s payout ratio is currently 102.70%.

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.