Sigma Planning Corp Has $15.72 Million Position in Chevron Corporation $CVX

Sigma Planning Corp cut its stake in shares of Chevron Corporation (NYSE:CVX) by 5.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,995 shares of the oil and gas company’s stock after selling 4,597 shares during the period. Sigma Planning Corp’s holdings in Chevron were worth $15,723,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CVX. Cornerstone Advisory LLC lifted its position in Chevron by 0.9% in the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company’s stock worth $1,164,000 after buying an additional 52 shares in the last quarter. Camden National Bank grew its holdings in shares of Chevron by 1.1% during the 1st quarter. Camden National Bank now owns 45,746 shares of the oil and gas company’s stock valued at $9,465,000 after acquiring an additional 500 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its stake in shares of Chevron by 1.0% in the first quarter. Adell Harriman & Carpenter Inc. now owns 70,971 shares of the oil and gas company’s stock worth $14,684,000 after acquiring an additional 703 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Chevron by 3.6% during the first quarter. Checchi Capital Advisers LLC now owns 21,384 shares of the oil and gas company’s stock worth $4,424,000 after acquiring an additional 739 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Chevron by 0.6% during the first quarter. Maryland State Retirement & Pension System now owns 94,370 shares of the oil and gas company’s stock worth $19,525,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CVX shares. Citigroup boosted their target price on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target for the company in a report on Thursday, July 2nd. Wells Fargo & Company boosted their price target on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Finally, Barclays increased their price objective on Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Nineteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $206.83.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was highlighted by analysts as one of several Dividend Aristocrats with a “Strong Buy” rating, reinforcing its appeal as a defensive income stock. Article Title
• Positive Sentiment: Chevron extended its Western Australia gas supply agreement with Alinta Energy through 2032, supporting steady cash flow and strengthening its LNG and gas market position. Article Title
• Positive Sentiment: Multiple reports said Chevron could be headed for a free-cash-flow surge in the second half of 2026, which would support buybacks, dividends, and valuation upside. Article Title
• Positive Sentiment: Chevron’s AI-related power initiative is drawing investor interest after the company moved into gas-to-power for data centers, creating a new growth angle beyond traditional oil production. Article Title
• Neutral Sentiment: Chevron is being watched closely by investors and news outlets, but these mentions mainly reflect ongoing market interest rather than a new fundamental catalyst. Article Title
• Negative Sentiment: Oil prices eased after the U.S. backed away from a proposed 20% Hormuz cargo fee, reducing the near-term geopolitical premium that had supported energy stocks. Article Title
• Negative Sentiment: Broader crude strength has been uneven, and any pullback in oil prices can weigh on Chevron’s shares even when company-specific news is constructive. Article Title

Chevron Price Performance

Shares of Chevron stock opened at $181.73 on Wednesday. The firm has a fifty day simple moving average of $181.47 and a 200-day simple moving average of $181.95. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $214.71. The stock has a market capitalization of $361.94 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.62 and a beta of 0.50.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. During the same period in the prior year, the firm earned $2.18 EPS. Chevron’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Chevron Corporation will post 15.28 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, May 19th. Chevron’s dividend payout ratio is 123.40%.

Insider Transactions at Chevron

In other news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the sale, the director directly owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

Chevron Company 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.