AE Wealth Management LLC Acquires 59,964 Shares of Chevron Corporation $CVX

Key Points

• AE Wealth Management LLC increased its Chevron stake by 12.7%, buying 59,964 shares to hold 530,598 shares worth about $80.87 million, according to its latest 13F filing.
• Wall Street sentiment is generally positive—several analysts lifted price targets (e.g., Piper Sandler to $242, Citi to $235) and MarketBeat shows a "Moderate Buy" consensus with an average target of $195.09—supported by higher crude prices, Strait of Hormuz risks and strategic moves like the Hess acquisition.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.8% yield), while insiders have been net sellers (779,407 shares sold in the last three months) and institutional ownership is 72.42%.

AE Wealth Management LLC grew its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 530,598 shares of the oil and gas company's stock after purchasing an additional 59,964 shares during the quarter. AE Wealth Management LLC's holdings in Chevron were worth $80,869,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Barlow Wealth Partners LLC grew its holdings in shares of Chevron by 1.1% during the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company's stock valued at $869,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC boosted its position in shares of Chevron by 6.1% during the fourth quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company's stock worth $162,000 after buying an additional 61 shares during the period. TigerOak Management L.L.C. boosted its position in shares of Chevron by 0.7% during the fourth quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company's stock worth $1,375,000 after buying an additional 62 shares during the period. Wilkins Miller Wealth Management LLC boosted its position in shares of Chevron by 0.7% during the fourth quarter. Wilkins Miller Wealth Management LLC now owns 8,645 shares of the oil and gas company's stock worth $1,318,000 after buying an additional 63 shares during the period. Finally, White Knight Strategic Wealth Advisors LLC boosted its position in shares of Chevron by 3.0% during the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company's stock worth $319,000 after buying an additional 65 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher crude prices and Strait of Hormuz risks are supporting cash flow and margins for integrated majors like Chevron, a primary market driver behind today’s strength. 3 Energy Stocks For Steady Passive Income
• Positive Sentiment: RBC lifted Chevron’s price target as its commodity outlook improved, which supports buy-side sentiment and was cited in recent coverage as a near-term catalyst. Chevron (CVX) price target lifted by RBC as commodity view improves
• Positive Sentiment: Chevron expanded its heavy-oil footprint in Venezuela via an asset-swap with PDVSA, adding Orinoco acreage that could bolster long‑dated production and reserves if operations proceed as planned. (Geopolitical execution risk remains.) Wall Street Bulls Look Optimistic About Chevron (CVX): Should You Buy?
• Positive Sentiment: Analysts and commentators highlight Chevron’s strategic timing on the $53B Hess acquisition — some view the drawn-out deal completion as fortuitous given today’s stronger oil backdrop and asset premium. Did Chevron's Big Acquisition Happen at the Perfect Time?
• Neutral Sentiment: Legislative moves (H.R. 6409) that clarify treatment of foreign emissions could shift state-level regulatory burdens; Quiver flags Chevron as a relevant company but the net impact on CVX compliance/costs remains uncertain. Congress Vote: The House has passed H.R. 6409 - Foreign Emissions and Nonattainment Clarification for Economic Stability Act
• Neutral Sentiment: Coverage lists Chevron among dividend-rich and high‑conviction energy picks — supportive for longer-term income investors but not an immediate price catalyst. 3 Dividend‑Rich Energy Stocks That Look Built for Long‑Term Investors, Beyond the Iran War
• Negative Sentiment: Analyst downgrades and lowered expectations (reports of a 2.5% drop tied to a downgrade, and TD Cowen lowering estimates) have pressured the stock in recent sessions and explain some of the volatility despite commodity strength. Chevron NYSE: CVX Stock Price Down 2.5% on Analyst Downgrade TD Cowen Has Lowered Expectations for Chevron NYSE: CVX Stock Price

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CVX shares. Piper Sandler upped their target price on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. Citigroup upped their target price on Chevron from $210.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. BMO Capital Markets restated an "outperform" rating and issued a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. TD Cowen cut their target price on Chevron from $214.00 to $204.00 and set a "hold" rating for the company in a research report on Monday. Finally, UBS Group restated a "buy" rating and issued a $212.00 target price on shares of Chevron in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Chevron has a consensus rating of "Moderate Buy" and an average price target of $195.09.

Chevron Price Performance

Shares of NYSE:CVX opened at $188.01 on Friday. The company's fifty day moving average is $192.28 and its two-hundred day moving average is $168.77. 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 Corporation has a 12-month low of $132.33 and a 12-month high of $214.71. The company has a market cap of $374.56 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 1.18 and a beta of 0.60.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping 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 the consensus estimate of $48.18 billion. During the same period in the prior year, the business posted $2.06 earnings per share. Chevron's revenue for the quarter was down 10.2% compared to the same quarter last year. Equities analysts expect that Chevron Corporation will post 10.79 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 issued a $1.78 dividend. This is a boost from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, February 17th. Chevron's dividend payout ratio is currently 106.91%.

Insider Transactions at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the company's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 sale, the insider owned 8,638 shares of the company's stock, valued at $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 779,407 shares of company stock valued at $145,972,971 in the last three months. 0.21% of the stock is currently owned by company insiders.

Chevron 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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