Elevatus Welath Management Buys 14,837 Shares of Chevron Corporation $CVX

Elevatus Welath Management increased its stake in shares of Chevron Corporation (NYSE:CVX) by 324.4% during the third quarter, HoldingsChannel.com reports. The firm owned 19,410 shares of the oil and gas company’s stock after buying an additional 14,837 shares during the period. Elevatus Welath Management’s holdings in Chevron were worth $3,014,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after buying an additional 27,961,463 shares in the last quarter. Norges Bank purchased a new position in Chevron during the second quarter valued at approximately $2,721,477,000. Primecap Management Co. CA purchased a new position in Chevron during the third quarter valued at approximately $988,083,000. Bank of New York Mellon Corp increased its holdings in Chevron by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after acquiring an additional 4,279,918 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its stake in Chevron by 14,194.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock worth $532,984,000 after purchasing an additional 3,696,177 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices climbed on escalating Strait of Hormuz risk and market concern over Middle East supply, which lifts revenue prospects for integrated producers like Chevron. The IEA to Release Record Amount of Oil From Reserves. Why Crude Prices Are Higher.
• Positive Sentiment: Chevron is reported to be closing in on major Venezuelan production deals alongside Shell — potential long‑term volume upside if agreements are finalized. Chevron & Shell Eye Major Oil Deals to Revive Venezuela Output
• Positive Sentiment: Chevron was a top bidder in a U.S. Gulf of Mexico lease sale, signaling continued capital deployment into upstream capacity that could boost future production. BP, Chevron are top spenders at small US Gulf of Mexico oil and gas auction
• Positive Sentiment: Dividend and payout: Chevron paid a $1.78 quarterly dividend (a 4% increase), supporting demand from income‑oriented investors. Chevron Pays $1.78 Dividend Today Backed by 39 Years of Unbroken Growth
• Neutral Sentiment: Macro and company rumors: reports of possible downstream or bolt‑on interest (e.g., Brazil/Ipiranga) and analyst chatter keep M&A speculation alive but nothing definitive yet. Ultrapar Clarifies Media Report on Possible Chevron Deal for Ipiranga Stake
• Neutral Sentiment: Market volatility is the dominant driver — rapid swings tied to geopolitical headlines and mixed government statements are amplifying day‑to‑day moves for CVX. Here’s Why Oil Prices Are Surging Right Now
• Negative Sentiment: U.S. political discussion of tapping the Strategic Petroleum Reserve to lower consumer energy costs (Trump comments) could cap oil prices and pressure integrated producers’ near‑term margins. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Insider selling: a recent SEC filing shows a senior Chevron insider sold shares (~47,200 at ~$192) — some investors view such sales as a cue to reduce exposure. SEC Form 4 — Insider Sale
• Negative Sentiment: De‑escalation headlines (expectations of a quick end to the Iran conflict) have previously triggered sharp crude pullbacks that pressured CVX after recent gains — reinforces downside risk on positive news fades. ExxonMobil and Chevron tumble as Trump predicts swift end to Iran conflict

Insiders Place Their Bets

In related news, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the sale, the insider directly owned 8,558 shares of the company’s stock, valued at $1,614,466.70. The trade was a 87.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is currently owned by company insiders.

Chevron Price Performance

Shares of NYSE:CVX opened at $191.73 on Thursday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $192.41. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $175.61 and its 200 day moving average is $161.50. The stock has a market cap of $382.57 billion, a PE ratio of 28.79, a PEG ratio of 1.87 and a beta of 0.67.

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, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. Research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s payout ratio is currently 106.91%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CVX. Argus set a $203.00 price target on shares of Chevron in a report on Tuesday, February 3rd. Barclays increased their price objective on Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Morgan Stanley lowered their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, Scotiabank reiterated a “sector perform” rating and set a $168.00 price target on shares of Chevron in a research report on Friday, January 16th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $178.95.

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.