Jefferson Bridge Capital LLC purchased a new position in Chevron Corporation (NYSE:CVX – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,732 shares of the oil and gas company’s stock, valued at approximately $2,093,000. Chevron comprises 2.1% of Jefferson Bridge Capital LLC’s investment portfolio, making the stock its 17th largest position.
Several other institutional investors have also made changes to their positions in CVX. Vanguard Group Inc. boosted its position in shares of Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares in the last quarter. State Street Corp boosted its position in shares of Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Chevron during the 3rd quarter valued at about $988,083,000. Bank of New York Mellon Corp boosted its position in shares of 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 valued at $3,047,900,000 after acquiring an additional 4,279,918 shares in the last quarter. Finally, Amundi boosted its position in shares of Chevron by 41.8% during the 3rd quarter. Amundi now owns 11,760,376 shares of the oil and gas company’s stock valued at $1,811,333,000 after acquiring an additional 3,464,058 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares of the company’s stock, valued at $1,614,466.70. This trade represents a 87.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 782,607 shares of company stock worth $146,510,571 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Chevron
Chevron Trading Up 1.3%
Shares of CVX stock opened at $201.37 on Wednesday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $214.71. The company has a market capitalization of $401.82 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.66 and a beta of 0.60. The firm has a 50-day moving average price of $190.43 and a 200 day moving average price of $167.42. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.
Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period last year, the firm posted $2.06 EPS. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. Research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.
Chevron Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.5%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is 106.91%.
Key Headlines Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: BMO Capital raised its price target on Chevron to $205 (from $200) and kept an Outperform rating, citing higher Q1 assumptions amid the Iran war and volatile oil markets — a near-term analyst boost for the stock. BMO Capital Boosts Chevron (CVX) Target, Sees Wide Range for Oil Prices
- Positive Sentiment: Chevron resumed production at the Leviathan gas field and added pipeline/platform capacity, improving near‑term gas volumes and export optionality (Israel, Egypt, Jordan, Europe) that supports CVX’s upstream gas growth profile. Chevron Leviathan Restart And Capacity Lift Feed Into CVX Story
- Positive Sentiment: Geopolitical supply risk — including reported U.S. strikes on Kharg Island and Strait of Hormuz tensions — pushed oil above $110, boosting revenue/margin expectations for integrated producers like Chevron. Higher spot oil supports cash flow, dividends and buyback capacity. US Strikes Iran’s Kharg Island as Hormuz Deadline Nears; Oil Surges Above $110
- Neutral Sentiment: Sector technicals and analyst upgrades underpin XLE and its top holdings (Chevron is ~17% of XLE), but MarketBeat flags a near-term pullback/“dark cloud” candle — supportive longer-term earnings trends but potential short-term consolidation. XLE ETF Hits Peak: What Comes Next May Surprise You
- Neutral Sentiment: Retail flows into stocks dropped sharply from January highs, but historical April seasonality tends to favor bulls — a mixed signal that could limit downside if institutional buying continues. Retail Stock Buying Drops 50% From January Highs as Sellers Take Over
- Negative Sentiment: Barron’s warned the energy sector may lag during broader market rallies, noting short-term selling pressure can hit oil names even as oil prices stay elevated — a reminder of potential volatility and rotation risk for CVX. Exxon, Chevron, More Oil Stocks Fall. Get Used To It.
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.
Further Reading
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