Chevron Corporation $CVX Shares Acquired by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services Inc increased its Chevron stake by 174.3% in the fourth quarter, ending with 26,903 shares valued at about $4.1 million.
• Chevron shares were down 1.3% in Thursday trading, with the stock opening at $182.24 as investors weighed its valuation, recent price action, and strong institutional ownership of 72.42%.
• The company reported Q1 earnings of $1.41 per share, beating estimates, and also announced a quarterly dividend of $1.78 per share, equal to an annualized yield of about 3.9%.

Texas Capital Bank Wealth Management Services Inc grew its stake in Chevron Corporation (NYSE:CVX - Free Report) by 174.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,903 shares of the oil and gas company's stock after purchasing an additional 17,096 shares during the period. Texas Capital Bank Wealth Management Services Inc's holdings in Chevron were worth $4,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CVX. United Bank increased its holdings in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company's stock valued at $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company's stock valued at $7,280,000 after buying an additional 4,214 shares in the last quarter. BNP Paribas boosted its stake in shares of Chevron by 76.4% in the second quarter. BNP Paribas now owns 441 shares of the oil and gas company's stock valued at $63,000 after buying an additional 191 shares in the last quarter. Osterweis Capital Management Inc. boosted its stake in shares of Chevron by 678.9% in the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company's stock valued at $195,000 after buying an additional 1,188 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Chevron by 3.6% in the second quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company's stock valued at $2,299,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Stock Down 1.3%

CVX opened at $182.24 on Thursday. The business's fifty day moving average is $192.89 and its two-hundred day moving average is $175.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The company has a market cap of $362.95 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 0.61 and a beta of 0.51. Chevron Corporation has a one year low of $135.21 and a one year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.41. The company had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.Chevron's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 earnings per share. Analysts anticipate that Chevron Corporation will post 15.74 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, May 19th. Chevron's payout ratio is presently 123.40%.

Insider Activity at Chevron

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of the business's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the company's stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares in the company, valued at $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,179,699 shares of company stock valued at $224,675,517 in the last 90 days. 0.56% of the stock is owned by corporate insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Mizuho raised its price target on Chevron to $230 and kept an outperform rating, signaling expectations for meaningful upside from current levels.
• Positive Sentiment: RBC Capital and UBS remained bullish after strong Q1 results, reinforcing the view that Chevron’s earnings strength and free cash flow can support the shares.
• Positive Sentiment: New coverage highlighted Chevron as a top high-yield energy name, with analysts emphasizing its dividend appeal and resilience for long-term income investors.
• Positive Sentiment: Chevron shareholders rejected a proposal for an independent board chair, which preserves the company’s current leadership structure and may be seen as a vote of confidence in management. Reuters article
• Neutral Sentiment: Multiple articles continued to frame Chevron as a durable, income-oriented energy stock, but these pieces were mostly commentary rather than new company-specific catalysts.
• Neutral Sentiment: Reports about Chevron’s Mediterranean gas expansion and recent valuation checks suggest long-term growth potential, though they did not provide a fresh short-term catalyst.
• Negative Sentiment: Some market commentary noted that Chevron is already trading at a premium to recent levels, which may be encouraging investors to wait for a better entry point.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CVX. Mizuho lifted their price target on Chevron from $225.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday. Royal Bank Of Canada restated an "outperform" rating and issued a $220.00 price target on shares of Chevron in a research note on Tuesday, May 5th. TD Cowen lifted their price target on Chevron from $204.00 to $205.00 and gave the company a "hold" rating in a research note on Friday, May 8th. Morgan Stanley lifted their price target on Chevron from $212.00 to $214.00 and gave the company an "overweight" rating in a research note on Friday, May 22nd. Finally, Zacks Research upgraded Chevron from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $205.70.

Chevron Company 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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