Chevron Corporation $CVX Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors cut its Chevron stake by 15.0% in Q4, selling 15,279 shares and leaving it with 86,919 shares valued at about $13.25 million.
• CEO Michael K. Wirth sold 272,624 shares at roughly $189.35 (≈$51.6M), and insiders have sold 782,607 shares (~$146.5M) over the past 90 days, leaving insider ownership at about 0.21%.
• Operationally, Chevron confirmed a major oil discovery at the Bandit prospect and approved the ≈$690M Aseng gas project, but management warned that Middle East volatility and hedging could materially weigh on Q1 earnings, creating near‑term uncertainty.

Cantor Fitzgerald Investment Advisors L.P. lessened its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,919 shares of the oil and gas company's stock after selling 15,279 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Chevron were worth $13,247,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company's stock valued at $11,406,000 after acquiring an additional 11,875 shares during the last quarter. Dakota Wealth Management boosted its holdings in Chevron by 14.9% in the fourth quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company's stock valued at $12,690,000 after acquiring an additional 10,822 shares during the last quarter. Brooklyn FI LLC acquired a new position in Chevron in the third quarter valued at $431,000. New York State Teachers Retirement System boosted its holdings in Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock valued at $251,606,000 after acquiring an additional 215,345 shares during the last quarter. Finally, Clear Trail Advisors LLC acquired a new position in Chevron in the fourth quarter valued at $10,167,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Key Chevron News

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 Trading Down 0.9%

NYSE:CVX opened at $188.57 on Friday. The business's 50-day moving average is $191.51 and its two-hundred day moving average is $167.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $214.71. The firm has a market capitalization of $375.68 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.60.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data 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. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the company posted $2.06 earnings per share. The firm's revenue was down 10.2% compared to the same quarter last year. Research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This is a boost from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, February 17th. Chevron's payout ratio is 106.91%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CVX shares. Morgan Stanley lifted their target price on Chevron from $174.00 to $212.00 and gave the company an "overweight" rating in a report on Friday, March 27th. Piper Sandler lifted their target price on Chevron from $179.00 to $242.00 and gave the company an "overweight" rating in a report on Thursday, March 12th. Mizuho lifted their target price on Chevron from $206.00 to $217.00 and gave the company an "outperform" rating in a report on Tuesday, March 17th. Tudor Pickering raised Chevron from a "hold" rating to a "buy" rating and set a $225.00 price objective on the stock in a research report on Thursday. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $190.00 price objective on shares of Chevron in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $190.04.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 31,266 shares in the company, valued at $5,920,217.10. This trade represents a 89.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the firm's stock in a transaction dated 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. Over the last ninety days, insiders sold 782,607 shares of company stock valued at $146,510,571. 0.21% of the stock is currently owned by insiders.

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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