Chevron Corporation $CVX Shares Acquired by Venturi Wealth Management LLC

Key Points

• Venturi Wealth Management increased its stake in Chevron by 82.2% in Q4, acquiring an additional 35,161 shares to hold 77,942 shares worth about $11.88 million.
• Significant insider selling occurred recently: R. Hewitt Pate sold 58,000 shares for ~$10.94 million, and insiders sold 782,607 shares (~$146.5 million) over the last 90 days, leaving insiders with just 0.21% ownership.
• Analysts have a consensus rating of "Moderate Buy" with a $190.04 target, and Chevron recently raised its quarterly dividend to $1.78 (annualized $7.12), a 3.8% yield.

Venturi Wealth Management LLC increased its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 82.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 77,942 shares of the oil and gas company's stock after acquiring an additional 35,161 shares during the period. Venturi Wealth Management LLC's holdings in Chevron were worth $11,879,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares in the last quarter. State Street Corp raised its position in shares of Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock valued at $23,698,184,000 after purchasing an additional 12,789,399 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Chevron in the 3rd quarter valued at approximately $988,083,000. Bank of New York Mellon Corp raised its position in shares of Chevron by 27.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company's stock valued at $3,047,900,000 after purchasing an additional 4,279,918 shares in the last quarter. Finally, Amundi raised its position in shares of Chevron by 41.8% in the 3rd quarter. Amundi now owns 11,760,376 shares of the oil and gas company's stock valued at $1,811,333,000 after purchasing an additional 3,464,058 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider R. Hewitt Pate sold 58,000 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,614,466.70. This represents a 87.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of the company's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total value of $3,918,966.00. Following the transaction, the insider owned 666 shares of the company's stock, valued at approximately $117,568.98. The trade was a 97.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 782,607 shares of company stock worth $146,510,571 over the last 90 days. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on Chevron from $204.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday. Tudor Pickering raised Chevron from a "hold" rating to a "buy" rating and set a $225.00 target price on the stock in a research report on Thursday. Freedom Capital downgraded Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. Wall Street Zen upgraded Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Finally, Jefferies Financial Group boosted their price target on Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Chevron presently has an average rating of "Moderate Buy" and a consensus target price of $190.04.

Chevron News Summary

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

Chevron Price Performance

Shares of NYSE CVX opened at $188.57 on Friday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $214.71. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $375.68 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.60. The business has a 50 day simple moving average of $191.51 and a 200-day simple moving average of $167.98.

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

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, February 17th. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) is currently 106.91%.

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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