Chevron Corporation $CVX Shares Sold by Hennion & Walsh Asset Management Inc.

Key Points

• Hennion & Walsh Asset Management Inc. trimmed its Chevron stake by 14.3% in Q4, selling 5,169 shares and leaving 31,065 shares valued at about $4.735 million.
• Insiders have been heavy sellers: R. Hewitt Pate sold 58,000 shares (~$10.94M) and Vice Chairman Mark A. Nelson sold 139,600 shares (~$26.23M), with insiders disposing of 1,099,397 shares worth ~$196.2M over the past 90 days (insiders now own 0.20%).
• Operational and market context: storm damage has taken the Wheatstone LNG plant offline for weeks (a near-term negative), even as analysts have raised targets (e.g., Piper Sandler to $242) and Chevron boosted its quarterly dividend to $1.78 (3.4% yield).

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,065 shares of the oil and gas company's stock after selling 5,169 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Chevron were worth $4,735,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CVX. Mitchell & Pahl Private Wealth LLC grew its stake in Chevron by 0.6% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 14,172 shares of the oil and gas company's stock valued at $2,160,000 after purchasing an additional 78 shares in the last quarter. Chatham Capital Group Inc. grew its position in shares of Chevron by 5.1% during the fourth quarter. Chatham Capital Group Inc. now owns 3,015 shares of the oil and gas company's stock worth $460,000 after buying an additional 146 shares in the last quarter. Congress Park Capital LLC increased its stake in shares of Chevron by 19.6% in the fourth quarter. Congress Park Capital LLC now owns 9,730 shares of the oil and gas company's stock worth $1,483,000 after buying an additional 1,592 shares during the last quarter. WESPAC Advisors LLC increased its stake in shares of Chevron by 28.7% in the fourth quarter. WESPAC Advisors LLC now owns 2,300 shares of the oil and gas company's stock worth $351,000 after buying an additional 513 shares during the last quarter. Finally, Thompson Investment Management Inc. raised its holdings in Chevron by 1.2% in the fourth quarter. Thompson Investment Management Inc. now owns 39,265 shares of the oil and gas company's stock valued at $5,984,000 after acquiring an additional 478 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Activity

In related news, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00. Following the sale, the insider owned 8,558 shares of the company's stock, valued at $1,614,466.70. This trade represents a 87.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,099,397 shares of company stock worth $196,196,468 over the last ninety days. Insiders own 0.20% of the company's stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts raised targets and upgraded the stock, supporting upside expectations and helping sentiment. Chevron NYSE: CVX Price Target Raised to $212.00
• Positive Sentiment: A cluster of California offshore platforms has restarted sales, sending crude to Chevron’s Los Angeles-area refinery — a near-term supply win for refining margins and throughput. Sable Restarts California Oil Sales, Sends Crude to Chevron
• Positive Sentiment: Multiple articles highlight upward earnings-estimate revisions and momentum characteristics for CVX, which can attract momentum-focused flows and support the stock if revisions continue. What Makes Chevron (CVX) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Coverage summarizing Wall Street analyst views concludes many see CVX as a solid investment — useful for conviction but not an immediate catalyst absent rating moves or new guidance. Wall Street Analysts Think Chevron (CVX) Is a Good Investment: Is It?
• Neutral Sentiment: Valuation comparisons (e.g., Sasol vs. Chevron) provide context for value investors but don’t create immediate price pressure. SSL vs. CVX: Which Stock Is the Better Value Option?
• Neutral Sentiment: Broader energy-sector strength is a tailwind for majors like Chevron, but sector moves can be offset by company-specific news. Sector Update: Energy Stocks Rise Pre-Bell Monday
• Negative Sentiment: Storm damage at Chevron’s Wheatstone LNG plant in Australia will keep the facility offline for “a number of weeks,” tightening global LNG supply and raising near-term revenue/contract risk for CVX. Chevron says repairs to Wheatstone gas facility to take weeks
• Negative Sentiment: Cyclone-related outages across Australian LNG assets plus talk of a windfall-profits tax add regulatory and fiscal uncertainty that could curb margins or force higher charges on LNG proceeds. Cyclone Outages And Tax Threat Test Chevron’s Australian LNG Story
• Negative Sentiment: Geopolitical uncertainty tied to Iran prompted a public warning from Chevron’s CEO; such uncertainty can increase market volatility and cloud forward oil/demand assumptions. Chevron CEO sounds alarm as Trump puts a 10-day clock on Iran

Chevron Stock Performance

Shares of CVX stock opened at $210.67 on Tuesday. The company has a market cap of $420.37 billion, a P/E ratio of 31.63, a PEG ratio of 1.76 and a beta of 0.67. The business has a 50 day moving average of $186.41 and a two-hundred day moving average of $165.63. Chevron Corporation has a 52 week low of $132.04 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.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter last year, the business posted $2.06 EPS. The business's revenue was down 10.2% on a year-over-year basis. As a group, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. This is a positive change from Chevron's previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron's dividend payout ratio is presently 106.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CVX shares. Piper Sandler boosted their target price on shares of Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. UBS Group reissued a "buy" rating and issued a $212.00 price objective on shares of Chevron in a report on Monday, February 2nd. Citigroup upped their price objective on Chevron from $179.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. TD Cowen boosted their price target on Chevron from $160.00 to $168.00 and gave the company a "hold" rating in a report on Monday, February 2nd. Finally, Sanford C. Bernstein raised their price objective on Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a research note on Monday, January 5th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Chevron presently has an average rating of "Hold" and an average price target of $186.50.

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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