1834 Investment Advisors Co. Acquires 6,540 Shares of Chevron Corporation $CVX

Key Points

• 1834 Investment Advisors increased its Chevron stake by 20.4%, buying 6,540 shares to hold 38,629 shares valued at about $5.89 million.
• Operational and strategic catalysts: Wheatstone LNG has fully resumed production and Chevron announced an asset-swap to expand its Venezuelan heavy‑oil stake, though the Venezuelan partner disputes the deal, raising execution and geopolitical risk.
• Insider activity and payout: CEO Michael Wirth sold 272,624 shares (≈$51.6M) amid insiders selling 779,407 shares over 90 days, while Chevron raised its quarterly dividend to $1.78 (annualized $7.12, yield ~3.8%).

1834 Investment Advisors Co. increased its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,629 shares of the oil and gas company's stock after acquiring an additional 6,540 shares during the quarter. 1834 Investment Advisors Co.'s holdings in Chevron were worth $5,888,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC boosted its stake in Chevron by 0.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 197,582 shares of the oil and gas company's stock valued at $30,113,000 after purchasing an additional 606 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Chevron by 14.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 899,083 shares of the oil and gas company's stock valued at $137,018,000 after acquiring an additional 115,816 shares during the period. James Investment Research Inc. boosted its position in shares of Chevron by 0.4% in the fourth quarter. James Investment Research Inc. now owns 48,103 shares of the oil and gas company's stock valued at $7,331,000 after acquiring an additional 174 shares during the period. Matisse Capital grew its stake in shares of Chevron by 17.1% in the fourth quarter. Matisse Capital now owns 2,560 shares of the oil and gas company's stock valued at $390,000 after acquiring an additional 373 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of Chevron by 18.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 1,705 shares of the oil and gas company's stock valued at $260,000 after acquiring an additional 268 shares in the last quarter. 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: Wheatstone LNG has fully resumed production after cyclone repairs, restoring expected cash flow from the Australian LNG asset and removing a short-term production drag. Chevron resumes full production at Wheatstone LNG after repairs for cyclone damage
• Positive Sentiment: Chevron says it reached an asset-swap agreement that expands its stake in Venezuelan heavy oil operations — a move that could lift reserves and long-term production potential if implemented. Chevron Corporation (CVX) Expands Stakes in Venezuela Oil Operations
• Positive Sentiment: Warren Buffett’s ongoing stake and commentary on Chevron continue to be cited as a vote of confidence for long-term investors, supporting sentiment versus peers. Deepening Growth Pipeline Sustains Warren Buffett’s Confidence In Chevron (CVX)
• Positive Sentiment: Zacks has highlighted Chevron as a Bull of the Day and it's included in lists of high-flying "old economy" stocks with room to run — analyst attention can help prop up demand in a pullback. Chevron and Avis Budget have been highlighted as Zacks Bull and Bear of the Day
• Neutral Sentiment: Chevron is a trending stock with increased retail and analyst attention; that raises liquidity and volatility but is ambivalent for direction without fresh catalysts. Chevron Corporation (CVX) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Venezuelan partner Suelopetrol says it was not informed of Chevron’s reported expansion — a public dispute that raises execution, legal and geopolitical risk around the asset-swap and could delay realization of the announced upside. Suelopetrol says it has not been Informed of Chevron’s (CVX) Expansion at Venezuela Joint Venture
• Negative Sentiment: Zacks preview flags an expected decline in Q1 earnings, which raises the risk of a disappointing release and near-term downside if results or guidance miss. Earnings Preview: Chevron (CVX) Q1 Earnings Expected to Decline
• Negative Sentiment: After a strong YTD rally, articles note a month-long cooldown and profit-taking in big oil names; that broader flow explains part of today’s pullback even without company-specific bad news. Exxon Stock and Chevron Stock Are Up 20%+ YTD – Why the Long Oil Trade Is Stalling Out

Analyst Ratings Changes

Several analysts have weighed in on CVX shares. BMO Capital Markets reiterated an "outperform" rating and issued a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Tudor Pickering upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $225.00 target price on the stock in a research report on Thursday, April 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Bank of America boosted their price target on Chevron from $188.00 to $206.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Finally, HSBC raised Chevron from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $198.09.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction dated 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. The trade was a 89.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The SEC filing for this sale provides additional information. Insiders sold a total of 779,407 shares of company stock valued at $145,972,971 over the last ninety days. 0.56% of the stock is owned by insiders.

Chevron Stock Performance

Shares of Chevron stock opened at $185.13 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $368.82 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 0.78 and a beta of 0.60. The company has a 50 day moving average of $192.56 and a 200-day moving average of $170.28. Chevron Corporation has a 1-year low of $133.77 and a 1-year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion for the quarter, compared to analysts' expectations of $48.18 billion. During the same period last year, the firm posted $2.06 earnings per share. The firm's quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts forecast that Chevron Corporation will post 12.49 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.8%. This is a boost 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 106.91%.

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.

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