Anchyra Partners LLC Invests $976,000 in Chevron Corporation $CVX

Key Points

• Anchyra Partners LLC established a new position in Chevron by purchasing 6,402 shares in Q4 valued at approximately $976,000, adding to a stock base that is roughly 72.42% institutionally owned.
• Significant insider selling occurred recently: CEO Michael K. Wirth sold 272,624 shares (~$51.6M) and R. Hewitt Pate sold 58,000 shares (~$10.9M), with insiders offloading 779,407 shares (~$146M) over the quarter and now owning just 0.56% of the company.
• Dividend and operational updates: Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.8% yield), while catalysts are mixed — Wheatstone LNG has fully resumed production and an announced Venezuelan asset-swap could boost reserves but faces a partner dispute, and analysts show generally bullish ratings amid near-term earnings risk.

Anchyra Partners LLC purchased a new position in Chevron Corporation (NYSE:CVX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,402 shares of the oil and gas company's stock, valued at approximately $976,000.

Several other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Chevron in the third quarter valued at $34,000. Marquette Asset Management LLC purchased a new position in shares of Chevron in the third quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock worth $42,000 after buying an additional 202 shares during the last quarter. Daytona Street Capital LLC purchased a new stake in shares of Chevron in the 4th quarter worth about $44,000. Finally, Maseco LLP purchased a new stake in shares of Chevron in the 4th quarter worth about $49,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chevron

In other news, insider R. Hewitt Pate sold 58,000 shares of Chevron 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 owned 8,558 shares of the company's stock, valued at $1,614,466.70. The trade was a 87.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer owned 31,266 shares of the company's stock, valued at $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 779,407 shares of company stock worth $145,972,971. Company insiders own 0.56% of the company's stock.

More Chevron News

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

Chevron Price Performance

Chevron stock opened at $185.13 on Monday. The stock has a market capitalization of $368.82 billion, a P/E ratio of 27.80, a P/E/G ratio of 0.78 and a beta of 0.60. Chevron Corporation has a 12-month low of $133.77 and a 12-month high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The firm's 50-day moving average is $192.56 and its two-hundred day moving average is $170.28.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company's revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 earnings per share. Equities analysts predict that Chevron Corporation will post 12.49 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders 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. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron's payout ratio is presently 106.91%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Chevron from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, April 13th. Freedom Capital downgraded shares of Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. Citigroup increased their price target on shares of Chevron from $210.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, April 2nd. UBS Group restated a "buy" rating and set a $212.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Finally, Sanford C. Bernstein upped their target price on Chevron from $170.00 to $172.00 and gave the company a "market perform" rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Chevron presently has an average rating of "Moderate Buy" and a consensus price target of $198.09.

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.

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