Chevron Corporation $CVX Shares Sold by HighPoint Advisor Group LLC

Key Points

• HighPoint Advisor Group LLC cut its Chevron stake by 9.4% in the fourth quarter, selling 12,519 shares and leaving it with 120,278 shares valued at about $18.33 million.
• Chevron reported better-than-expected quarterly earnings, posting EPS of $1.41 versus the $1.00 consensus estimate, though revenue came in below analyst expectations at $47.56 billion.
• The company also announced a quarterly dividend of $1.78 per share, equal to a $7.12 annualized payout and a 3.9% yield, while analysts currently hold a consensus rating of Moderate Buy on CVX.

HighPoint Advisor Group LLC lessened its stake in Chevron Corporation (NYSE:CVX - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,278 shares of the oil and gas company's stock after selling 12,519 shares during the quarter. Chevron accounts for about 0.8% of HighPoint Advisor Group LLC's portfolio, making the stock its 19th largest holding. HighPoint Advisor Group LLC's holdings in Chevron were worth $18,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Strategic Wealth Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at $33,000. Decker Retirement Planning Inc. acquired a new position in shares of Chevron in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron in the 3rd quarter valued at $41,000. Daytona Street Capital LLC acquired a new position in shares of Chevron in the 4th quarter valued at $44,000. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Chevron in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 195,000 shares of Chevron stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $184.78, for a total transaction of $36,032,100.00. Following the sale, the director owned 658,045 shares of the company's stock, valued at $121,593,555.10. The trade was a 22.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction on Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the sale, the insider directly owned 8,638 shares in the company, valued at approximately $1,842,485.40. This trade represents a 82.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 816,439 shares of company stock worth $154,339,900 over the last 90 days. Corporate insiders own 0.56% of the company's stock.

Chevron Price Performance

Shares of NYSE CVX opened at $184.64 on Tuesday. The firm has a market cap of $367.73 billion, a PE ratio of 32.00, a PEG ratio of 0.63 and a beta of 0.51. The firm has a fifty day moving average of $193.17 and a 200 day moving average of $172.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. Chevron Corporation has a one year low of $133.77 and a one year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.00 by $0.41. The company had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 EPS. As a group, research analysts predict that Chevron Corporation will post 15.02 EPS for the current fiscal year.

Chevron Dividend Announcement

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

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is being highlighted as a beneficiary of elevated oil prices tied to Middle East tensions, which supports upstream profits and cash flow. That backdrop also reinforces investor interest in CVX as a large-cap energy name with strong capital return capacity. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
• Positive Sentiment: News that Chevron’s CEO discussed global “supply outages” points to a tight energy market, which can help support crude prices and improve near-term earnings expectations for Chevron. What Chevron’s CEO Just Said About Global ‘Supply Outages’ Could Derail Trump’s Economic Momentum
• Positive Sentiment: Analysts reportedly raised Chevron’s FY2026 EPS forecast, suggesting improving earnings expectations that may support the stock. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Positive Sentiment: Chevron’s steady shareholder returns remain a key draw for investors, with the company emphasizing its long record of dividends and multi-quarter capital returns. Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
• Neutral Sentiment: Reuters reported that Syria selected an offshore block for a first deep-water oil and gas project involving Chevron and Qatar’s UCC Holding, which could be a long-term strategic opportunity but is not likely to change near-term earnings. Syria selects offshore block for first deep-water oil, gas project with Chevron
• Negative Sentiment: Rising talk of windfall taxes on European energy companies highlights a broader political risk for the sector, reminding investors that strong commodity profits can invite heavier taxation and regulatory scrutiny. Soaring energy profits reignite calls for windfall tax across Europe

Wall Street Analyst Weigh In

Several research firms recently issued reports on CVX. Sanford C. Bernstein decreased their target price on shares of Chevron from $216.00 to $204.00 and set a "market perform" rating for the company in a research note on Monday. Bank of America boosted their target price on shares of Chevron from $188.00 to $206.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. BNP Paribas Exane upgraded shares of Chevron from a "neutral" rating to an "outperform" rating and set a $174.00 target price for the company in a research note on Friday, April 17th. Wall Street Zen upgraded shares of Chevron from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Chevron currently has a consensus rating of "Moderate Buy" and an average price target of $204.13.

About Chevron

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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