Southeast Asset Advisors LLC Grows Position in Chevron Corporation $CVX

Southeast Asset Advisors LLC raised its stake in shares of Chevron Corporation (NYSE:CVX) by 6.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 79,902 shares of the oil and gas company’s stock after acquiring an additional 4,519 shares during the period. Chevron makes up approximately 1.4% of Southeast Asset Advisors LLC’s holdings, making the stock its 14th biggest position. Southeast Asset Advisors LLC’s holdings in Chevron were worth $12,408,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Castellan Group boosted its position in Chevron by 10.7% in the second quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after purchasing an additional 1,965 shares during the last quarter. Nordea Investment Management AB increased its holdings in Chevron by 3.5% during the second quarter. Nordea Investment Management AB now owns 408,900 shares of the oil and gas company’s stock valued at $58,783,000 after buying an additional 13,845 shares during the last quarter. United Bank raised its position in Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after acquiring an additional 796 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Chevron during the 2nd quarter worth $20,701,000. Finally, Schubert & Co grew its position in shares of Chevron by 11.6% during the 2nd quarter. Schubert & Co now owns 3,274 shares of the oil and gas company’s stock valued at $469,000 after acquiring an additional 341 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Up 0.7%

Shares of CVX opened at $183.65 on Monday. The firm has a market cap of $369.79 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 12.16 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $186.52. The company has a 50 day simple moving average of $162.51 and a two-hundred day simple moving average of $157.45.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. Chevron’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. On average, equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $1.78 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 102.70%.

Insider Activity at Chevron

In related news, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This trade represents a 88.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $7,976,986.00. Following the sale, the insider directly owned 7,161 shares in the company, valued at approximately $1,247,231.37. The trade was a 86.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 793,163 shares of company stock valued at $127,920,502 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Key Stories 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

Analysts Set New Price Targets

Several research firms recently weighed in on CVX. HSBC downgraded Chevron from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Monday, February 2nd. Sanford C. Bernstein lifted their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Mizuho raised their target price on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company upped their price target on shares of Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus target price of $175.00.

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.