Chevron Corporation $CVX Position Lifted by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its stake in Chevron by 14.8% in Q4, adding 115,816 shares to hold 899,083 shares valued at approximately $137.0 million.
• CEO Michael K. Wirth sold 272,624 shares on March 2 for about $51.6 million, and insiders have sold 779,407 shares totaling roughly $146.0 million over the past 90 days, leaving insiders with 0.56% ownership.
• Chevron raised its quarterly dividend to $1.78 ($7.12 annualized) for a yield of 3.9%, though the dividend payout ratio is a high 106.91%.

Pictet Asset Management Holding SA grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899,083 shares of the oil and gas company's stock after acquiring an additional 115,816 shares during the period. Pictet Asset Management Holding SA's holdings in Chevron were worth $137,018,000 at the end of the most recent quarter.

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

Chevron Trading Down 0.2%

Chevron stock opened at $184.79 on Tuesday. Chevron Corporation has a 52-week low of $133.77 and a 52-week 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. The firm has a market capitalization of $368.15 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 0.78 and a beta of 0.60. The firm has a 50-day moving average price of $192.59 and a two-hundred day moving average price of $170.51.

Chevron (NYSE:CVX - Get Free Report) last announced 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 company had revenue of $45.79 billion for 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%. Chevron's revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. Sell-side analysts expect that Chevron Corporation will post 12.49 earnings per share for the current 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 paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) is presently 106.91%.

Analyst Ratings Changes

CVX has been the topic of several research analyst reports. Mizuho raised their price objective on Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. Morgan Stanley raised their price target on shares of Chevron from $174.00 to $212.00 and gave the stock an "overweight" rating in a research report on Friday, March 27th. Sanford C. Bernstein lifted their price target on shares of Chevron from $170.00 to $172.00 and gave the company a "market perform" rating in a report on Monday, January 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Chevron from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, April 13th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $198.09.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warnings that tightening jet-fuel supplies could worsen signal stronger refining margins and pricing power for Chevron if fuel shortages persist, a near-term support for earnings. Chevron CEO warns aviation strain could worsen as jet fuel crunch deepens
• Positive Sentiment: Chelsea management (CEO Mike Wirth) says the Strait of Hormuz disruptions and constrained inventories could keep oil prices elevated for an extended period — supportive for CVX’s upstream cash flow and margins. Chevron CEO Mike Wirth Warns Oil Prices Face Prolonged Pressure
• Positive Sentiment: Analyst/commentary pieces are flagging Chevron’s recent pullback as a potential buying opportunity ahead of earnings, which could attract value-oriented buyers if guidance or results beat. Chevron's Pullback May Be a Buying Opportunity—Even If the War Ends
• Neutral Sentiment: Broader market volatility ahead of a major Fed meeting and heavy corporate earnings week raises macro risk and could amplify moves in energy stocks, including CVX. Week ahead: Big Tech earnings, Fed decision, and an oil crisis set up Wall Street's biggest test of the year
• Neutral Sentiment: Strait of Hormuz disruptions are having an outsized effect on global LNG markets versus oil; this supports longer‑term commodity price risk but affects CVX differently across upstream/refining businesses. Why Strait of Hormuz disruption is more severe for global LNG markets than for oil
• Neutral Sentiment: Options-market activity: with oil off recent highs, put premiums on Chevron remain elevated — signaling higher hedging/trading interest rather than a clear directional bet. Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields
• Negative Sentiment: Governance concerns raised around Chevron’s Venezuelan plans (partner disputes over transparency and legality) add execution and regulatory risk to any expansion there — a potential negative catalyst for future reserves and production growth. Chevron Governance Questions In Venezuela Add A New Risk Consideration
• Negative Sentiment: Management notes that Venezuela must do more to revive its oil industry; labor shortages and reliance on policy changes mean Chevron’s Venezuela upside is uncertain and may be slower than investors hope. Chevron CEO Says Venezuela Must Do More for Oil Industry Revival
• Negative Sentiment: Small institutional trimming: BKM Wealth Management reduced its CVX stake modestly, a minor negative signal on demand from that holder. BKM Wealth Management LLC Sells 5,036 Shares of Chevron Corporation $CVX

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the business'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 completion of the transaction, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of the firm'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. Insiders have sold 779,407 shares of company stock worth $145,972,971 over the last ninety days. 0.56% of the stock is currently owned by company insiders.

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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