Broussard Financial Group LLC Acquires New Position in Chevron Corporation $CVX

Key Points

• Broussard Financial Group LLC opened a new position in Chevron (NYSE:CVX) in Q4, buying 8,050 shares valued at about $1.227 million, which is roughly 1.0% of the firm's holdings and its 16th-largest holding.
• Research firms have been raising ratings and targets on Chevron (e.g., Mizuho, Morgan Stanley, BNP Paribas Exane, JPMorgan), leaving a consensus of Moderate Buy with a consensus target price of $198.09.
• Significant insider selling occurred in early March: CEO Michael K. Wirth sold 272,624 shares (~$51.6M) and Vice Chairman Mark A. Nelson sold 139,600 shares (~$26.2M), with insiders offloading 695,439 shares (~$131.3M) in the past 90 days.

Broussard Financial Group LLC acquired a new stake in shares of Chevron Corporation (NYSE:CVX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,050 shares of the oil and gas company's stock, valued at approximately $1,227,000. Chevron makes up about 1.0% of Broussard Financial Group LLC's holdings, making the stock its 16th largest holding.

A number of other large investors also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Chevron during the third quarter valued at approximately $34,000. Marquette Asset Management LLC purchased a new stake in shares of Chevron during the third quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Chevron by 306.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 202 shares during the period. Daytona Street Capital LLC purchased a new stake in shares of Chevron during the fourth quarter valued at approximately $44,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Chevron during the third quarter valued at approximately $49,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CVX. Mizuho boosted their target price on Chevron from $206.00 to $217.00 and gave the company an "outperform" rating in a research note on Tuesday, March 17th. Freedom Capital cut Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Morgan Stanley boosted their target price on Chevron from $174.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, March 27th. BNP Paribas Exane raised Chevron from a "neutral" rating to an "outperform" rating and set a $174.00 target price on the stock in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. raised Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price on the stock in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.09.

Chevron Price Performance

Shares of CVX stock opened at $193.70 on Friday. The stock has a market cap of $385.90 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 0.71 and a beta of 0.60. The business's fifty day moving average is $193.08 and its 200 day moving average is $171.09. Chevron Corporation has a twelve month low of $133.77 and a twelve month 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 released its 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 return on equity of 7.89% and a net margin of 6.51%.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 previous year, the company posted $2.06 earnings per share. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. Research analysts expect that Chevron Corporation will post 14.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 272,624 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company's stock, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 695,439 shares of company stock valued at $131,274,332. 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: Erste Group raised its FY2026 and FY2027 EPS forecasts for Chevron, signaling improved analyst expectations for multi-year earnings power. MarketBeat: CVX Free Report
• Positive Sentiment: Chevron executives said increasing Venezuelan crude imports are helping ease U.S. gasoline price pressure at the margin — a near-term demand/sentiment positive for consumer fuel costs and downstream margins. Venezuelan Crude Will Eventually Lower US Gas Prices: Chevron Exec
• Positive Sentiment: Ongoing Middle East tensions have pushed crude prices higher, which tends to support integrated oil majors’ upstream cash flows and dividend/backlog stability. Trump Discussed Extended Blockade With Oil, Commodities Chiefs
• Neutral Sentiment: Investors are focused on Q1 results due May 1; market previews and polling (Polymarket, Benzinga, TipRanks) emphasize that beat/miss vs. lowered expectations will drive short-term moves. Polymarket Earnings: Will CVX, XOM, MRNA Beat Earnings Tomorrow?
• Neutral Sentiment: Market roundups and TV previews flag Chevron among major names to watch Friday, reinforcing heightened attention and potential intraday volatility around the release. What’s on deck for markets: Friday, May 1
• Negative Sentiment: Several pieces warn Q1 earnings are set to fall sharply year-over-year and that headline EPS declines could disappoint sentiment if Chevron doesn’t beat lowered expectations. Chevron earnings are set to fall hard. Don’t be fooled.
• Negative Sentiment: Industry reporting highlights that Exxon and Chevron may see double-digit Q1 profit drops amid Middle East crosswinds — a reminder that higher oil prices can coincide with operational/refining disruptions that pressure near-term results. Exxon and Chevron Q1 profits brace for double-digit drop amid Middle East crosswinds
• Negative Sentiment: Chevron CEO Mike Wirth warned jet-fuel supply strains from the Middle East could worsen — a potential operational headwind for refining margins and supply chains. Chevron CEO Wirth sees aviation strain worsening on Middle East jet fuel disruption

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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