KLP Kapitalforvaltning AS Sells 57,800 Shares of Chevron Corporation $CVX

KLP Kapitalforvaltning AS lessened its stake in Chevron Corporation (NYSE:CVX) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 814,097 shares of the oil and gas company’s stock after selling 57,800 shares during the quarter. Chevron makes up about 0.5% of KLP Kapitalforvaltning AS’s holdings, making the stock its 29th largest position. KLP Kapitalforvaltning AS’s holdings in Chevron were worth $124,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. FORM Wealth Advisors LLC bought a new position in shares of Chevron in the fourth quarter valued at approximately $395,000. Accretive Wealth Partners LLC lifted its holdings in shares of Chevron by 2.6% in the fourth quarter. Accretive Wealth Partners LLC now owns 10,295 shares of the oil and gas company’s stock valued at $1,569,000 after purchasing an additional 262 shares in the last quarter. Clarity Financial LLC lifted its holdings in shares of Chevron by 5.6% in the fourth quarter. Clarity Financial LLC now owns 4,990 shares of the oil and gas company’s stock valued at $761,000 after purchasing an additional 266 shares in the last quarter. QVR LLC bought a new position in shares of Chevron in the fourth quarter valued at approximately $432,000. Finally, Southern Capital Advisors LLC lifted its holdings in shares of Chevron by 5.1% in the fourth quarter. Southern Capital Advisors LLC now owns 1,996 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of CVX opened at $186.13 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $370.81 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.07 and a beta of 0.60. The stock has a 50 day moving average of $192.42 and a 200 day moving average of $169.60. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during 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%.Chevron’s revenue was down 10.2% on a year-over-year basis. During the same period last year, the business posted $2.06 earnings per share. As a group, sell-side analysts forecast that Chevron Corporation will post 10.47 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. Chevron’s dividend payout ratio (DPR) is 106.91%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: BNP Paribas upgraded CVX to Outperform (price target cited) and multiple outlets now list Chevron among top crude/oil names to buy — a direct catalyst for investor demand as analysts point to tighter inventories and upside in oil prices. Chevron Corporation (CVX): Among the Best Crude Oil Stocks to Buy According to Analysts
• Positive Sentiment: Broker consensus remains constructive — CVX is showing a “Moderate Buy” consensus from brokerages, reinforcing analyst-driven flows and supporting the stock’s short-term strength. Chevron Corporation (NYSE:CVX) Given Consensus Recommendation of “Moderate Buy” by Brokerages
• Positive Sentiment: Dividend and cash-flow coverage highlights Chevron as a high-yield integrated major (CVX cited among >3% yield picks), which attracts income-focused buyers in a volatile oil market. That supports demand for the stock as investors seek yield plus commodity upside. Top 5 Dividend-Paying Stocks Yielding Over 3% for Income Investors in 2025
• Positive Sentiment: Industry strategy and capital allocation stories: reports that Big Oil (including Chevron) is accelerating investment in non-Middle East acreage to de-risk supply (e.g., Venezuela, deepwater projects) point to longer-term reserve growth and potential value creation. Big Oil Plows Billions Into Far-Flung Drilling Sites to Escape Iran Turmoil
• Neutral Sentiment: MarketBeat analysis reiterates why integrated majors like Chevron can hedge crude volatility via diversified upstream/downstream businesses — a thematic positive for long-term stability but not an immediate earnings surprise. Strait to Safety: How to Hedge Oil Volatility in the Crude Awakening (CVX)
• Neutral Sentiment: Operational watch: a weekend fire at Chevron’s Pasadena, Texas refinery was reported extinguished — the quick resolution limits near-term operational risk, though investors will monitor any outage-related production or repair costs. Chevron says weekend fire at Pasadena, Texas, refinery now extinguished

Insider Activity at Chevron

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 779,407 shares of company stock valued at $145,972,971 in the last ninety days. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of recent research reports. TD Cowen dropped their target price on Chevron from $214.00 to $204.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Argus set a $203.00 target price on Chevron in a report on Tuesday, February 3rd. Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 17th. Finally, Mizuho raised their target price on Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Chevron presently has an average rating of “Moderate Buy” and an average price target of $194.21.

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.