Alpha Cubed Investments LLC Buys 21,188 Shares of Chevron Corporation $CVX

Key Points

• Alpha Cubed Investments LLC increased its stake in Chevron (NYSE:CVX) by 13.4% in Q4, buying 21,188 shares to hold 179,445 shares worth about $27.35M, making CVX ~0.9% of the fund and its 25th largest holding.
• Insiders have been net sellers: Vice Chairman Mark A. Nelson sold 139,600 shares and R. Hewitt Pate sold 40,200, with insiders disposing of 621,439 shares (~$118.3M) over the past 90 days and insider ownership at about 0.56%.
• Market context: rising oil prices and CEO comments on supply risk have helped CVX rally, analysts (including RBC) remain supportive with upside targets, and Chevron posted an EPS beat while paying a quarterly dividend of $1.78 (annualized yield ~3.7%).

Alpha Cubed Investments LLC increased its stake in Chevron Corporation (NYSE:CVX - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,445 shares of the oil and gas company's stock after buying an additional 21,188 shares during the quarter. Chevron comprises approximately 0.9% of Alpha Cubed Investments LLC's holdings, making the stock its 25th largest holding. Alpha Cubed Investments LLC's holdings in Chevron were worth $27,349,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. United Bank grew its holdings in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company's stock worth $1,586,000 after purchasing an additional 796 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company's stock worth $7,280,000 after purchasing an additional 4,214 shares during the last quarter. BNP Paribas grew its holdings in shares of Chevron by 76.4% in the second quarter. BNP Paribas now owns 441 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 191 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Chevron by 678.9% in the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company's stock worth $195,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Chevron by 3.6% in the second quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company's stock worth $2,299,000 after purchasing an additional 553 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warning and higher oil prices: CEO Mike Wirth said physical shortages could emerge if the Strait of Hormuz remains disrupted, a comment that supports oil-price upside and benefits integrated producers like Chevron. Chevron CEO says physical shortages in oil supply to begin appearing
• Positive Sentiment: Oil-driven rally and capital returns: Coverage notes that CVX is rallying as crude moves higher and Chevron’s shareholder-friendly capital returns (buybacks/dividends) remain a tailwind for valuation and investor sentiment. Chevron Corporation (CVX) Rallies as Oil Prices Surge and Capital Returns Impress
• Positive Sentiment: Analyst support: Royal Bank of Canada reaffirmed an “outperform” rating and set a $220 price target, signaling broker confidence and potential upside vs. current levels. Benzinga
• Neutral Sentiment: Exploration expansion: Chevron said it will search for oil and gas south of Malta, extending Mediterranean activity — a strategic growth move whose near-term impact on production and cash flow is uncertain. Chevron expands Mediterranean activities with exploration offshore Malta
• Neutral Sentiment: Iraq asset negotiations: Reports that Chevron is in talks for stakes in major Iraqi fields represent meaningful long-term optionality but remain speculative until deals are announced. Chevron Iraqi Oilfield Talks And What They Could Mean For CVX Valuation
• Neutral Sentiment: Ceasefire reports temper tail-risk: U.S. statements that a ceasefire/pauses in hostilities are holding reduce the immediate tail risk of a full-blown Gulf conflict, which could cap further oil-price spikes and limit upside for CVX. US Says Iran Ceasefire in Place After Clashes Over Hormuz
• Negative Sentiment: Reputational and political risk: Consumer Watchdog alleges a “phony” Chevron-funded group is funding ads blaming California policy for high pump prices — a PR/political headwind that could attract regulatory or public-relations costs. Phony Chevron-Funded Group Blames CA When Chevron's Price Gouging Is Pegged For Run Up At Pump According To New State Gas Pricing Report, Says Consumer Watchdog
• Negative Sentiment: Price volatility after geopolitical headlines: While tensions initially pushed oil sharply higher, follow-on reports of the truce and easing shipping disruptions have pulled prices back at times — introducing near-term volatility that can pressure CVX shares. Oil Declines as Fragile Truce Holds Following Hormuz Clashes

Insider Buying and Selling at Chevron

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider directly owned 11,337 shares of the company's stock, valued at $2,130,449.04. This represents a 92.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider R. Hewitt Pate sold 40,200 shares of the company's stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $213.30, for a total value of $8,574,660.00. Following the transaction, the insider directly owned 8,638 shares of the company's stock, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 621,439 shares of company stock worth $118,307,800. 0.56% of the stock is currently owned by insiders.

Chevron Price Performance

Shares of NYSE CVX opened at $192.65 on Wednesday. The business's 50 day moving average price is $193.26 and its 200 day moving average price is $171.64. The firm has a market cap of $383.81 billion, a P/E ratio of 33.39, a P/E/G ratio of 0.71 and a beta of 0.51. Chevron Corporation has a 52 week low of $133.77 and a 52 week high of $214.71. 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 issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.41. The firm had revenue of $48.61 billion for the quarter, compared to analyst estimates of $51.86 billion. Chevron had a return on equity of 7.01% and a net margin of 5.79%.Chevron's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 earnings per share. On average, sell-side analysts expect that Chevron Corporation will post 14.16 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron's dividend payout ratio (DPR) is presently 123.40%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Piper Sandler upped their target price on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Bank of America upped their target price on Chevron from $188.00 to $206.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. TD Cowen lowered their target price on Chevron from $214.00 to $204.00 and set a "hold" rating for the company in a report on Monday, April 13th. Finally, Mizuho boosted their target price on shares of Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.09.

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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