Sequoia Financial Advisors LLC Increases Position in Chevron Corporation $CVX

Sequoia Financial Advisors LLC grew its position in Chevron Corporation (NYSE:CVX) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,752 shares of the oil and gas company’s stock after purchasing an additional 4,071 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chevron were worth $23,891,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. D.B. Root & Company LLC increased its holdings in Chevron by 1.0% in the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock worth $846,000 after buying an additional 57 shares during the period. Patton Albertson Miller Group LLC lifted its stake in Chevron by 0.7% during the 4th quarter. Patton Albertson Miller Group LLC now owns 40,632 shares of the oil and gas company’s stock valued at $6,193,000 after acquiring an additional 292 shares during the period. Ponta Wealth Partners LLC purchased a new stake in shares of Chevron in the 4th quarter valued at $647,000. LaFleur & Godfrey LLC boosted its holdings in shares of Chevron by 0.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 67,443 shares of the oil and gas company’s stock valued at $10,279,000 after acquiring an additional 265 shares during the last quarter. Finally, Manske Wealth Management increased its stake in shares of Chevron by 7.6% in the fourth quarter. Manske Wealth Management now owns 11,146 shares of the oil and gas company’s stock worth $1,699,000 after acquiring an additional 787 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Q1 adjusted EPS beat consensus ($1.41 vs. $0.97) showing resilient profitability despite a revenue shortfall; management called results “solid,” which supports near-term cash returns and buyback/dividend expectations. Chevron (CVX) Reports Q1 EPS Beat
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating and set a $220 price target, signaling sizable analyst upside vs. current levels and providing supportive brokerage sentiment. Chevron Earns Outperform From RBC
• Positive Sentiment: Chevron is expanding exploration in the Mediterranean (offshore Malta), which could add upstream growth optionality and long-term reserves exposure. Chevron Expands Mediterranean Activities
• Neutral Sentiment: President Trump met with Chevron and Exxon executives to discuss Venezuela — could lead to policy or commercial developments, but timing and concrete impacts remain unclear. Trump Met With Chevron and Exxon to Discuss Venezuela
• Neutral Sentiment: Proposed H.R. 8542 (Offshore Parity Act) would shift some offshore leasing authority to Gulf states — potential regulatory/royalty changes for Gulf operators like Chevron, but outcomes are speculative and legislative timing uncertain. Offshore Parity Act Introduced
• Negative Sentiment: Oil-focused stocks fell as optimism about a U.S.–Iran peace deal and easing Strait of Hormuz risks sent crude prices down; lower oil weakens upstream earnings outlook across integrated majors, pressuring CVX. Exxon, Chevron Stocks Sink as Market Bets Iran War Will End
• Negative Sentiment: Ongoing volatility around the Strait of Hormuz keeps supply-risk headlines alive; Chevron’s CEO has warned potential shortages, which creates market swings and macro risk that can spur short-term share declines. Chevron Weighs Hormuz Supply Strains
• Negative Sentiment: Reputational/PR risk: reports that a Chevron-funded group ran ads blaming state policy for high pump prices could attract regulatory or political scrutiny in key markets. Phony Chevron-Funded Group Ads Reported

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CVX shares. Wells Fargo & Company lifted their price objective on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Morgan Stanley raised their target price on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. The Goldman Sachs Group restated a “buy” rating and issued a $216.00 price objective on shares of Chevron in a research report on Wednesday. Finally, Argus set a $203.00 price objective on shares of Chevron in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $202.70.

Insiders Place Their Bets

In related news, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares in the company, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 621,439 shares of company stock valued at $118,307,800. Insiders own 0.56% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $185.30 on Thursday. The company’s 50-day moving average is $193.27 and its two-hundred day moving average is $171.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market capitalization of $369.17 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 0.71 and a beta of 0.51. Chevron Corporation has a 1-year low of $133.77 and a 1-year high of $214.71.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The company had revenue of $48.61 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. Analysts forecast that Chevron Corporation will post 14.15 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

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.