3,411 Shares in Chevron Corporation $CVX Purchased by Belleair Asset Management LLC

Belleair Asset Management LLC acquired a new position in shares of Chevron Corporation (NYSE:CVX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,411 shares of the oil and gas company’s stock, valued at approximately $520,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after buying an additional 27,961,463 shares during the last quarter. State Street Corp increased its holdings in Chevron by 9.1% during the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Northern Trust Corp increased its holdings in Chevron by 15.3% during the third quarter. Northern Trust Corp now owns 22,724,515 shares of the oil and gas company’s stock worth $3,528,890,000 after buying an additional 3,007,403 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Chevron by 1.6% during the third quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company’s stock worth $3,284,704,000 after buying an additional 325,255 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Chevron by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after buying an additional 4,279,918 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CVX. Scotiabank raised their price objective on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday, February 17th. Finally, Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.09.

Chevron Trading Up 0.8%

Shares of Chevron stock opened at $193.70 on Friday. Chevron Corporation has a 1 year low of $133.77 and a 1 year high of $214.71. The firm has a market cap of $385.90 billion, a PE ratio of 29.08, a PEG ratio of 0.71 and a beta of 0.60. 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 company has a 50 day simple moving average of $193.08 and a two-hundred day simple moving average of $171.09.

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, beating the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same period in the previous year, the business posted $2.06 earnings per share. Chevron’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts expect that Chevron Corporation will post 14.13 earnings per share for the current fiscal year.

Insider Transactions at Chevron

In other news, insider Andrew Benjamin Walz sold 11,600 shares of the business’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 value of $2,187,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 695,439 shares of company stock worth $131,274,332. Corporate insiders own 0.56% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS forecasts for Chevron, signaling improved analyst expectations for multi-year earnings power. MarketBeat: CVX Free Report
• Positive Sentiment: Chevron executives said increasing Venezuelan crude imports are helping ease U.S. gasoline price pressure at the margin — a near-term demand/sentiment positive for consumer fuel costs and downstream margins. Venezuelan Crude Will Eventually Lower US Gas Prices: Chevron Exec
• Positive Sentiment: Ongoing Middle East tensions have pushed crude prices higher, which tends to support integrated oil majors’ upstream cash flows and dividend/backlog stability. Trump Discussed Extended Blockade With Oil, Commodities Chiefs
• Neutral Sentiment: Investors are focused on Q1 results due May 1; market previews and polling (Polymarket, Benzinga, TipRanks) emphasize that beat/miss vs. lowered expectations will drive short-term moves. Polymarket Earnings: Will CVX, XOM, MRNA Beat Earnings Tomorrow?
• Neutral Sentiment: Market roundups and TV previews flag Chevron among major names to watch Friday, reinforcing heightened attention and potential intraday volatility around the release. What’s on deck for markets: Friday, May 1
• Negative Sentiment: Several pieces warn Q1 earnings are set to fall sharply year-over-year and that headline EPS declines could disappoint sentiment if Chevron doesn’t beat lowered expectations. Chevron earnings are set to fall hard. Don’t be fooled.
• Negative Sentiment: Industry reporting highlights that Exxon and Chevron may see double-digit Q1 profit drops amid Middle East crosswinds — a reminder that higher oil prices can coincide with operational/refining disruptions that pressure near-term results. Exxon and Chevron Q1 profits brace for double-digit drop amid Middle East crosswinds
• Negative Sentiment: Chevron CEO Mike Wirth warned jet-fuel supply strains from the Middle East could worsen — a potential operational headwind for refining margins and supply chains. Chevron CEO Wirth sees aviation strain worsening on Middle East jet fuel disruption

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.