Greenspring Advisors LLC Invests $764,000 in Chevron Corporation $CVX

Greenspring Advisors LLC purchased a new position in shares of Chevron Corporation (NYSE:CVX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,016 shares of the oil and gas company’s stock, valued at approximately $764,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. D.B. Root & Company LLC grew its position in Chevron by 1.0% during the fourth 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. Cornerstone Planning Group LLC grew its position in Chevron by 6.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock worth $142,000 after buying an additional 59 shares during the period. MMA Asset Management LLC grew its position in Chevron by 3.4% during the fourth quarter. MMA Asset Management LLC now owns 1,820 shares of the oil and gas company’s stock worth $277,000 after buying an additional 59 shares during the period. EWA LLC grew its position in Chevron by 2.8% during the fourth quarter. EWA LLC now owns 2,182 shares of the oil and gas company’s stock worth $333,000 after buying an additional 59 shares during the period. Finally, Hantz Financial Services Inc. grew its position in Chevron by 0.5% during the fourth quarter. Hantz Financial Services Inc. now owns 12,916 shares of the oil and gas company’s stock worth $1,969,000 after buying an additional 59 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Down 0.7%

Shares of NYSE CVX opened at $188.35 on Friday. Chevron Corporation has a 12-month low of $136.70 and a 12-month high of $214.71. The company has a market capitalization of $375.11 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 0.63 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm’s 50-day moving average is $191.01 and its two-hundred day moving average is $176.74.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same quarter in the prior year, the firm earned $2.18 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Chevron Corporation will post 15.74 EPS for the current fiscal year.

Chevron Announces Dividend

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

Wall Street Analysts Forecast Growth

CVX has been the topic of several recent analyst reports. Mizuho upped their target price on shares of Chevron from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Morgan Stanley upped their target price on shares of Chevron from $212.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday, March 20th. Finally, Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $205.70.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was highlighted as a durable long-term energy compounder, with analysts pointing to its scale, low exposure to the Middle East, attractive dividend profile, and the expected benefits from the Hess acquisition and a new long-term gas supply deal tied to AI data-center demand. Article Title
• Positive Sentiment: Chevron’s Argentina expansion plans could add meaningful growth, as the company seeks tax-incentive approval for a $13.8 billion Vaca Muerta investment, signaling confidence in a major shale asset and potential long-term production upside. Article Title
• Positive Sentiment: Chevron was also mentioned in a broader market piece as an energy stock benefiting from higher oil prices and Middle East tensions, which have supported the sector relative to the rest of the market. Article Title
• Neutral Sentiment: At a Bernstein conference, Chevron presented on its strategy, but the available summary did not include any new material catalyst strong enough to clearly move the stock. Article Title
• Negative Sentiment: Chevron’s CEO said the company will not deploy fresh capital in Venezuela next year unless the country lowers taxes and royalties, which underscores political and fiscal risk in that region and could delay investment there. Article Title
• Negative Sentiment: Chevron’s CEO also struck a cautious tone on oil investment and the economy, reflecting uncertainty around commodity prices and the broader macro backdrop. Article Title

Insider Activity

In other Chevron news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the sale, the director owned 278,045 shares of the company’s stock, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Hewitt Pate sold 40,200 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider directly owned 8,638 shares in the company, valued at $1,842,485.40. This trade represents a 82.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 615,200 shares of company stock worth $118,022,760 in the last ninety days. Insiders own 0.56% of the company’s stock.

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.