PFG Advisors Purchases 3,895 Shares of Chevron Corporation $CVX

PFG Advisors lifted its position in shares of Chevron Corporation (NYSE:CVX) by 8.5% during the third quarter, Holdings Channel.com reports. The firm owned 49,691 shares of the oil and gas company’s stock after purchasing an additional 3,895 shares during the period. PFG Advisors’ holdings in Chevron were worth $7,716,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CVX. Pinnacle Associates Ltd. grew its position in Chevron by 0.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 199,068 shares of the oil and gas company’s stock valued at $30,913,000 after purchasing an additional 939 shares during the period. Prevail Innovative Wealth Advisors LLC raised its holdings in Chevron by 62.7% during the third quarter. Prevail Innovative Wealth Advisors LLC now owns 11,197 shares of the oil and gas company’s stock worth $1,739,000 after buying an additional 4,315 shares during the last quarter. Vinva Investment Management Ltd raised its holdings in Chevron by 33.2% during the third quarter. Vinva Investment Management Ltd now owns 72,380 shares of the oil and gas company’s stock worth $11,299,000 after buying an additional 18,057 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Chevron by 4.3% in the third quarter. Parallel Advisors LLC now owns 110,990 shares of the oil and gas company’s stock valued at $17,236,000 after buying an additional 4,594 shares in the last quarter. Finally, Guardian Partners Inc. lifted its stake in shares of Chevron by 1.4% in the third quarter. Guardian Partners Inc. now owns 68,953 shares of the oil and gas company’s stock valued at $10,659,000 after buying an additional 938 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the transaction, the chief executive officer owned 14,450 shares in the company, valued at $2,355,205.50. The trade was a 95.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total value of $3,918,966.00. Following the completion of the transaction, the insider directly owned 666 shares of the company’s stock, valued at approximately $117,568.98. This represents a 97.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,052,197 shares of company stock worth $187,128,404. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CVX shares. Argus set a $203.00 target price on shares of Chevron in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Piper Sandler cut their price target on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $178.95.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. launches $20B tanker reinsurance program, supporting crude above $90 and reducing shipping-risk premium — higher crude prices improve Chevron’s upstream margins and cash flow. Read More.
• Positive Sentiment: Analysts and institutions are increasingly bullish: several firms have raised price targets (one recent note pushes target toward $210), reflecting confidence in Chevron’s cash returns and dividend profile — this supports buy-side interest. Read More.
• Positive Sentiment: Dividend raise and income story remain supportive — Chevron recently increased its quarterly payout, reinforcing its appeal to income-focused investors amid higher commodity prices. Read More.
• Neutral Sentiment: Mixed analyst landscape: while some firms lift targets, others trim fair-value estimates — consensus remains split (buys, holds, sells), which can limit sustained momentum despite positive headlines. Read More.
• Negative Sentiment: Significant insider selling: CEO Michael Wirth and other senior execs disclosed multi‑million‑dollar stock sales in early March — this often prompts near‑term caution and profit‑taking. Read More.
• Negative Sentiment: Operational disruption: Chevron has suspended certain production (e.g., Leviathan-related outages / force majeure reports) tied to regional hostilities — potential near-term volume losses and uncertainty for specific assets. Read More.
• Negative Sentiment: Broader geopolitical volatility (Strait of Hormuz attacks and halted tanker traffic) raises supply‑and‑policy risk that can cause sharp swing trading and higher insurance/shipment costs — a double‑edged sword for oil majors. Read More.

Chevron Stock Performance

NYSE CVX opened at $190.01 on Monday. The company has a fifty day moving average price of $173.38 and a 200-day moving average price of $160.84. The firm has a market cap of $379.14 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, 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 $192.41.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the firm earned $2.06 earnings per share. The firm’s revenue was down 10.2% on a year-over-year basis. As a group, equities research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $1.78 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.7%. Chevron’s dividend payout ratio (DPR) is 106.91%.

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.