Chevron Corporation $CVX Position Reduced by LMG Wealth Partners LLC

Key Points

• LMG Wealth Partners trimmed its Chevron stake by 8.3% to 70,422 shares (about $10.73M), making CVX 2.0% of its portfolio and its 11th-largest holding.
• Insiders have been selling heavily: CTO Thomas Ryder Booth and CEO Michael K. Wirth sold material stakes (11,076 and 272,624 shares, respectively), and insiders disposed of 695,439 shares (~$131.3M) over the past 90 days, leaving insiders with 0.56% ownership.
• Mixed Q1 results and dividend: Chevron reported adjusted EPS of $1.41 (beating estimates) but revenue missed and headline net income fell ~36% largely due to hedging/timing effects; the company declared a $1.78 quarterly dividend ($7.12 annualized, ~3.7% yield).

LMG Wealth Partners LLC cut its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,422 shares of the oil and gas company's stock after selling 6,370 shares during the quarter. Chevron accounts for 2.0% of LMG Wealth Partners LLC's portfolio, making the stock its 11th largest position. LMG Wealth Partners LLC's holdings in Chevron were worth $10,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CVX. Decker Retirement Planning Inc. acquired a new position in shares of Chevron in the 3rd quarter valued at about $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron in the 3rd quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock worth $42,000 after buying an additional 202 shares during the last quarter. Daytona Street Capital LLC acquired a new position in Chevron in the fourth quarter worth approximately $44,000. Finally, Turning Point Benefit Group Inc. acquired a new position in Chevron in the third quarter worth approximately $49,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Activity at Chevron

In other Chevron news, CTO Thomas Ryder Booth sold 11,076 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $184.40, for a total transaction of $2,042,414.40. Following the transaction, the chief technology officer owned 1,122 shares in the company, valued at $206,896.80. This trade represents a 90.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 695,439 shares of company stock valued at $131,274,332. 0.56% of the stock is owned by company insiders.

Chevron Trading Down 1.3%

Shares of CVX stock opened at $190.79 on Friday. Chevron Corporation has a 12 month low of $133.77 and a 12 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. The business's 50 day moving average is $193.08 and its two-hundred day moving average is $171.09. The company has a market cap of $380.12 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $0.97 by $0.44. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $48.61 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same quarter last year, the company posted $2.18 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Chevron Corporation will post 14.13 EPS for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Chevron's dividend payout ratio (DPR) is 106.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CVX shares. Morgan Stanley increased their price objective on Chevron from $174.00 to $212.00 and gave the stock an "overweight" rating in a report on Friday, March 27th. Barclays increased their price objective on Chevron from $172.00 to $180.00 and gave the stock an "equal weight" rating in a report on Monday, March 16th. HSBC upgraded Chevron from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Friday, March 20th. TD Cowen dropped their price objective on Chevron from $214.00 to $204.00 and set a "hold" rating on the stock in a report on Monday, April 13th. Finally, Royal Bank Of Canada increased their price objective on Chevron from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $198.09.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Adjusted Q1 results topped Street estimates — Chevron reported adjusted EPS of $1.41, outpacing consensus, helped by higher oil & gas realizations and upstream production gains (Hess integration lifted output). Chevron's upstream strength lifts first-quarter earnings past estimate
• Neutral Sentiment: Elevated crude prices from Middle East tensions remain a potential tailwind for future quarters, but the path is volatile and timing of higher realized profits depends on hedging and production recovery. Big Oil earnings and oil price context
• Neutral Sentiment: Wall Street positioning: analysts have been updating forecasts ahead of and after the print (some raise long‑term EPS outlooks), which could limit downside if guidance/forward cues are constructive. Analyst forecast changes ahead of Q1
• Negative Sentiment: Headline profits plunged (net income fell ~36%) primarily because of derivative timing losses and hedges that moved against Chevron, dragging reported earnings even though operational results improved. Profit hits five-year low due to hedging & timing
• Negative Sentiment: Balance‑sheet / cash‑flow signal: management flagged Middle East risks and the company’s net‑debt-to‑cash‑flow metric worsened, increasing investor concern about near‑term financial flexibility. Net debt to cash flow worsens; CEO flags risks
• Negative Sentiment: Short‑term market pressure from softening oil: crude weakened intraday (~3% drop), which pulled energy names lower and amplified selling after the mixed print. Crude oil down 3% and mixed Q1 coverage

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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