Cambiar Investors LLC Has $51.52 Million Holdings in Chevron Corporation $CVX

Key Points

• Cambiar Investors trimmed its Chevron stake by 3.4% in Q4 to 338,026 shares worth $51.52 million, making CVX its 16th-largest holding (~2.3% of the fund).
• Company insiders have been heavy sellers — Vice Chairman Mark A. Nelson sold 139,600 shares (~$26.2M) and R. Hewitt Pate sold 58,000 shares, with insiders offloading 782,607 shares (~$146.5M) over the past 90 days; insiders now own about 0.21% of Chevron.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.8% yield) and is advancing growth projects (≈$690M Aseng gas project, Bandit discovery), while analysts remain mixed but show a consensus Moderate Buy with an average target near $190 amid near-term earnings volatility.

Cambiar Investors LLC lowered its stake in Chevron Corporation (NYSE:CVX - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,026 shares of the oil and gas company's stock after selling 12,002 shares during the period. Chevron makes up approximately 2.3% of Cambiar Investors LLC's holdings, making the stock its 16th biggest position. Cambiar Investors LLC's holdings in Chevron were worth $51,519,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new position in shares of Chevron during the 3rd quarter worth about $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron during the 3rd quarter worth about $41,000. Barnes Dennig Private Wealth Management LLC lifted its position 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 purchasing an additional 202 shares during the last quarter. Daytona Street Capital LLC acquired a new position in shares of Chevron during the 4th quarter worth about $44,000. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Chevron during the 2nd quarter worth about $49,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Transactions at Chevron

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value 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 approximately $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 accessible through the SEC website. Also, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 8,558 shares of the company's stock, valued at approximately $1,614,466.70. The trade was a 87.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 782,607 shares of company stock worth $146,510,571. 0.21% of the stock is currently owned by company insiders.

Chevron Trading Down 0.9%

Chevron stock opened at $188.57 on Friday. The business has a 50 day moving average price of $191.51 and a two-hundred day moving average price of $168.05. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The stock has a market cap of $375.68 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.40 and a beta of 0.60. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company's revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 EPS. As a group, equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company 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 positive change from Chevron's previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron's payout ratio is currently 106.91%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect in the Gulf of America bolsters Chevron's deepwater growth optionality and potential future production/tie‑back opportunities. Chevron Confirms Major Oil Discovery in the Gulf of America
• Positive Sentiment: Short interest fell materially in March (down ~14.5% to ~21.0M shares; days‑to‑cover ~1.3), reducing one potential source of near‑term downside pressure.
• Positive Sentiment: Chevron approved the ~$690M Aseng gas project, strengthening its LNG growth profile and future cash‑flow diversification. Chevron Approves $690M Aseng Gas Project to Boost LNG Supply
• Neutral Sentiment: Street estimates are split: some reports forecast a Q1 upstream boost (+$1.6B–$2.2B) from higher oil/gas prices, supporting earnings upside if prices hold. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Neutral Sentiment: Analysts warn Q1 will be "noisy" with offsetting forces (price tailwinds vs hedging/volatility); the report due May 1 is a likely catalyst. Chevron Q1 Earnings Will Be 'Noisy' As Headwinds Reverse To Tailwinds: Analyst
• Negative Sentiment: Chevron warned that Middle East volatility and related effects (including hedging) could hit Q1 earnings and cash flow materially — management cited an adverse impact in the multi‑billion‑dollar range, prompting UBS to cut near‑term forecasts. Chevron flags multi-billion-dollar hit from Middle East volatility
• Negative Sentiment: Public commentary highlights hedging risks and potential earnings drag from geopolitical disruptions, adding downside risk to near‑term prints. Chevron sees Iran war oil boost, warns hedging to weigh
• Negative Sentiment: Wall Street previews suggest EPS could be down double digits in Q1 absent favorable price offsets, increasing the chance of volatile reaction at the report. Chevron's Quarterly Earnings Preview: What You Need to Know

Analyst Ratings Changes

CVX has been the subject of several research analyst reports. Argus set a $203.00 price objective on Chevron in a research report on Tuesday, February 3rd. TD Cowen boosted their price objective on Chevron from $160.00 to $168.00 and gave the stock a "hold" rating in a research report on Monday, February 2nd. Scotiabank raised Chevron to a "hold" rating in a research report on Friday, March 27th. Morgan Stanley boosted their price objective on Chevron from $174.00 to $212.00 and gave the stock an "overweight" rating in a research report on Friday, March 27th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of "Moderate Buy" and an average target price of $190.04.

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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