Brookwood Investment Group LLC Raises Holdings in Chevron Corporation $CVX

Key Points

• Brookwood Investment Group raised its Chevron stake by 165.4% in Q4 to 19,117 shares (an additional 11,914 shares), valued at about $2.91 million.
• Company insiders have been net sellers, disposing of 782,607 shares valued at roughly $146.5 million over the last 90 days, leaving insiders with only 0.21% ownership.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12) for a 3.7% yield, though the dividend payout ratio is a high 106.91%.

Brookwood Investment Group LLC increased its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 165.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,117 shares of the oil and gas company's stock after purchasing an additional 11,914 shares during the quarter. Brookwood Investment Group LLC's holdings in Chevron were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC grew its holdings in Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company's stock valued at $11,406,000 after buying an additional 11,875 shares during the period. Dakota Wealth Management grew its holdings in Chevron by 14.9% in the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company's stock valued at $12,690,000 after buying an additional 10,822 shares during the period. Brooklyn FI LLC purchased a new stake in Chevron in the 3rd quarter valued at about $431,000. New York State Teachers Retirement System grew its holdings in Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock valued at $251,606,000 after buying an additional 215,345 shares during the period. Finally, Clear Trail Advisors LLC purchased a new stake in Chevron in the 4th quarter valued at about $10,167,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

NYSE:CVX opened at $190.55 on Friday. 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 has a 50-day moving average of $191.27 and a two-hundred day moving average of $167.75. The stock has a market cap of $379.64 billion, a P/E ratio of 28.61, a PEG ratio of 1.43 and a beta of 0.60. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping 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 business had revenue of $45.79 billion for the quarter, compared to analysts' expectations of $48.18 billion. During the same quarter last year, the company posted $2.06 earnings per share. The company's quarterly revenue was down 10.2% compared to the same quarter last year. On average, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced 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 an increase from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron's dividend payout ratio is 106.91%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron says Q1 upstream earnings should be $1.6–$2.2B higher vs. Q4 2025 as oil & gas prices rose, a near-term earnings tailwind for CVX. Reuters: Chevron forecasts up to $2.2 bln boost to upstream earnings
• Positive Sentiment: Operator Occidental and partners (including Chevron) confirmed an oil discovery at the Bandit prospect in the Gulf of America — a potential long-term production and reserve upside. BusinessWire: Chevron Confirms Oil Discovery at Bandit
• Positive Sentiment: Chevron approved a $690M Aseng gas project to boost LNG supply, strengthening its LNG growth profile and potential cash flow from higher LNG pricing. Zacks: Chevron Approves $690M Aseng Gas Project
• Positive Sentiment: Multiple analysts raised ratings/targets on CVX (Wells Fargo, Tudor Pickering, BMO), providing price-target support and signaling buy-side conviction. Yahoo/BMO: BMO boosts Chevron target
• Neutral Sentiment: Chevron restarted Leviathan gas output after a 33-day halt, restoring volumes that support its Eastern Mediterranean gas business but with limited immediate market surprise. Zacks: Chevron reopens Leviathan gas field
• Negative Sentiment: Markets reacted to a fragile U.S.–Iran ceasefire: initial risk-off trading and oil-price swings have pressured energy stocks intraday, weighing on CVX despite company positives. Yahoo: Equity markets jump, oil sinks after ceasefire
• Negative Sentiment: Energy-sector weakness was noted broadly this afternoon (sector index down), which can amplify short-term selling pressure on CVX even as company fundamentals improve. Yahoo: Sector update — energy stocks decline

Insider Transactions at Chevron

In related news, CFO Eimear P. Bonner sold 32,100 shares of the business's stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer owned 4,366 shares of the company's stock, valued at $764,093.66. The trade was a 88.03% 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, insider Andrew Benjamin Walz sold 22,200 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total value of $3,918,966.00. Following the sale, the insider directly owned 666 shares in the company, valued at approximately $117,568.98. The trade was a 97.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 782,607 shares of company stock valued at $146,510,571 over the last ninety days. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings restated a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. Citigroup upped their price objective on Chevron from $210.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Piper Sandler lifted their target price on Chevron from $179.00 to $242.00 and gave the company an "overweight" rating in a report on Thursday, March 12th. Finally, UBS Group reissued a "buy" rating and set a $212.00 price target on shares of Chevron in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $190.04.

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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