Prudent Man Advisors LLC Lowers Position in Chevron Corporation $CVX

Prudent Man Advisors LLC lowered its stake in shares of Chevron Corporation (NYSE:CVX) by 44.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,987 shares of the oil and gas company’s stock after selling 3,150 shares during the period. Prudent Man Advisors LLC’s holdings in Chevron were worth $619,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Perigon Wealth Management LLC raised its holdings in shares of Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after purchasing an additional 11,875 shares during the period. Brooklyn FI LLC acquired a new position in Chevron during the third quarter valued at approximately $431,000. New York State Teachers Retirement System grew its stake in Chevron by 15.3% during the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after buying an additional 215,345 shares during the period. Finemark National Bank & Trust increased its position in shares of Chevron by 40.3% in the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after acquiring an additional 16,243 shares in the last quarter. Finally, Pictet North America Advisors SA purchased a new position in shares of Chevron in the 3rd quarter valued at $5,662,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is advancing a portfolio reshuffle including a Texas strategic move and major projects that analysts say improve valuation and operational focus — a structural story that supports longer‑term upside. Chevron Reshapes Global Portfolio And Valuation With Texas Move And Projects
• Positive Sentiment: Reports say Chevron (with Shell) is close to major oil production deals in Venezuela — reopening Venezuela could add material future volumes and cash flow if agreements are finalized. Chevron, Shell near first big oil production deals in Venezuela since Maduro’s capture – Reuters
• Positive Sentiment: Dividend support: Chevron paid a $1.78 quarterly dividend (a 4% raise), continuing a long streak of dividend growth—this underpins demand from income‑oriented investors. Chevron Pays $1.78 Dividend Today Backed by 39 Years of Unbroken Growth
• Positive Sentiment: Commercial wins and bidding activity (top spender at a Gulf of Mexico lease sale) signal continued investment in upstream optionality and reserve replacement. BP, Chevron are top spenders at small US Gulf of Mexico oil and gas auction
• Neutral Sentiment: IEA announced a record coordinated release of reserves but crude prices climbed anyway because Strait of Hormuz tensions raised supply‑risk — this keeps short‑term volatility high and makes energy names reactive to headlines. The IEA to Release Record Amount of Oil From Reserves. Why Crude Prices Are Higher.
• Negative Sentiment: Political move to tap the U.S. Strategic Petroleum Reserve (announced by the President) is bearish for oil prices if implemented — that prospect can cap oil upside and weigh on integrated producers. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Insider selling: a senior Chevron insider disclosed multiple recent sales (most recently ~47,200 shares), which some investors interpret as a cautionary sign even though sales can be routine or for diversification. SEC Form 4 – R. Hewitt Pate insider sale
• Negative Sentiment: Rapid headline‑driven swings (false/mixed government posts, talk of quick conflict resolution) have produced profit‑taking episodes that can push CVX below broader indices on down days. Chevron (CVX) Falls More Steeply Than Broader Market: What Investors Need to Know

Chevron Trading Up 2.9%

CVX opened at $191.73 on Thursday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $192.41. 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 stock has a market capitalization of $382.57 billion, a PE ratio of 28.79, a P/E/G ratio of 1.87 and a beta of 0.67. The firm’s fifty day moving average price is $175.61 and its 200 day moving average price is $161.50.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate 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 net margin of 6.51% and a return on equity of 7.89%. The company’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. As a group, research analysts expect 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 was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is presently 106.91%.

Insider Activity

In related news, insider R. Hewitt Pate sold 47,200 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the sale, the insider directly owned 8,558 shares of the company’s stock, valued at approximately $1,644,162.96. This represents a 84.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer owned 31,266 shares in the company, valued at $5,920,217.10. This trade represents a 89.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,099,397 shares of company stock valued at $196,196,468 over the last three months. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the topic of several analyst reports. TD Cowen raised their target price on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. BMO Capital Markets reissued an “outperform” rating and set a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Mizuho lifted their price target 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, Scotiabank reiterated a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a report on Friday, January 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $178.95.

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.