Cerro Pacific Wealth Advisors LLC Has $4.79 Million Holdings in Chevron Corporation $CVX

Key Points

• Cerro Pacific Wealth Advisors LLC increased its stake in Chevron by 28.5% in Q4 to 31,453 shares valued at approximately $4.79 million, representing about 1.3% of the firm's portfolio.
• CEO Michael K. Wirth sold 272,624 shares on March 2 for roughly $51.62 million (an ~89.7% reduction in his holding), and insiders have sold 621,439 shares worth about $118.3 million over the past 90 days.
• Chevron beat Q1 EPS expectations ($1.41 vs. $1.00), declared a quarterly dividend of $1.78 (annualized $7.12, ~3.7% yield), and holds a MarketBeat consensus rating of "Moderate Buy" with a ~$199 target price.

Cerro Pacific Wealth Advisors LLC increased its position in Chevron Corporation (NYSE:CVX - Free Report) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,453 shares of the oil and gas company's stock after acquiring an additional 6,975 shares during the quarter. Chevron comprises about 1.3% of Cerro Pacific Wealth Advisors LLC's investment portfolio, making the stock its 23rd biggest position. Cerro Pacific Wealth Advisors LLC's holdings in Chevron were worth $4,794,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CVX. QRG Capital Management Inc. increased its position in Chevron by 5.2% in the 4th quarter. QRG Capital Management Inc. now owns 283,012 shares of the oil and gas company's stock worth $43,134,000 after buying an additional 14,034 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Chevron by 1.0% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,695 shares of the oil and gas company's stock valued at $3,002,000 after acquiring an additional 189 shares during the period. Altrius Capital Management Inc grew its stake in shares of Chevron by 2.5% in the fourth quarter. Altrius Capital Management Inc now owns 33,624 shares of the oil and gas company's stock worth $5,125,000 after acquiring an additional 819 shares during the last quarter. KPP Advisory Services LLC increased its position in Chevron by 1.3% during the fourth quarter. KPP Advisory Services LLC now owns 6,077 shares of the oil and gas company's stock worth $926,000 after acquiring an additional 80 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its position in Chevron by 8.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 50,692 shares of the oil and gas company's stock worth $7,726,000 after acquiring an additional 3,894 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 272,624 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 31,266 shares in the company, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 621,439 shares of company stock valued at $118,307,800. Corporate insiders own 0.56% of the company's stock.

Chevron Trading Up 0.9%

Shares of Chevron stock opened at $192.41 on Tuesday. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71. The firm has a market capitalization of $383.34 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51. 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 company's fifty day moving average price is $193.08 and its two-hundred day moving average price is $171.36.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.41. The business had revenue of $48.61 billion for the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 7.01%. The firm's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. On average, analysts expect that Chevron Corporation will post 14.13 EPS for the current year.

Chevron Dividend Announcement

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

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Q1 beat and bullish forward commentary — Chevron topped EPS expectations and management signaled production growth and resilient cash returns; UBS and other analysts see sequential earnings acceleration after Q1. Chevron's Q1 Results Set up 'Meaningful Acceleration' for Rest of the Year
• Positive Sentiment: Analyst optimism — at least one analyst raised Chevron’s price target after the Q1 report, citing the company as “firing on all cylinders,” supporting near-term upside in the stock. Chevron is 'firing on all cylinders,' analyst raises price target after Q1
• Positive Sentiment: Long-term resource upside — Chevron is negotiating for a stake in a very large Iraqi oilfield, which could materially boost future reserves and production if the deal proceeds. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq
• Neutral Sentiment: Margin and business-mix nuance — deeper analysis highlights margin compression in parts of the portfolio despite stable revenue and upstream growth; this tempers the Q1 enthusiasm. CVX Q1 Deep Dive: Margin Compression Amid Stable Revenue and Upstream Growth
• Neutral Sentiment: Investor narrative remains supportive — media and pundits continue to frame big oil majors (including Chevron) as disciplined, shareholder-friendly cash generators, which underpins investor appetite over the medium term. Big Oil Has Transformed Into Shareholder-Friendly Cash Machines, Says CNBC’s Halftime Report
• Negative Sentiment: Geopolitical supply risk — CEO Mike Wirth warned that Strait of Hormuz disruptions are already tightening global supplies and that physical shortages could begin to appear, raising operational and commodity-price volatility risk for the company and markets. Chevron CEO says physical shortages in oil supply to begin appearing
• Negative Sentiment: Shipping safety and market shock — Wirth and other coverage flagged ship-safety concerns in the Strait of Hormuz and a volatile Brent spike to ~$126/barrel, signaling higher near-term risk and potential market dislocations. Chevron CEO voices concern over Strait of Hormuz ship safety
• Negative Sentiment: Macro risk spillover — regional attacks and broader market declines (Dow weakness after Iran/UAE-related attacks) raise the prospect of broader equity volatility that can weigh on CVX despite commodity tailwinds. Stock Market Today: Dow Dives As Trump Calls On Key Ally; Warren Buffett Gives This Warning (Live Coverage)

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CVX shares. HSBC raised shares of Chevron from a "hold" rating to a "buy" rating and set a $215.00 price target for the company in a report on Friday, March 20th. UBS Group upped their price objective on shares of Chevron from $218.00 to $220.00 and gave the company a "buy" rating in a research report on Monday. Wall Street Zen upgraded shares of Chevron from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Barclays lifted their target price on Chevron from $180.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. One 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $198.96.

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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