Chevron Corporation $CVX Stock Holdings Trimmed by Strs Ohio

Key Points

• Strs Ohio trimmed its CVX stake — the fund sold 54,235 shares (a 5.9% reduction) and now owns 857,714 Chevron shares valued at about $130.7 million per its latest 13F filing.
• Mixed Q1 results: Chevron reported adjusted EPS of $1.41, beating estimates, but headline net income fell roughly 36% due to derivative timing losses and hedging headwinds, while management flagged Middle East risks and a worsened net‑debt‑to‑cash‑flow metric.
• Dividend and insider activity: Chevron announced a $1.78 quarterly dividend (annualized $7.12; ~3.7% yield), even as insiders — including CEO Michael K. Wirth — sold large blocks of stock (Wirth sold 272,624 shares; insiders sold ~695,439 shares worth ~$131M over 90 days).

Strs Ohio lowered its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,714 shares of the oil and gas company's stock after selling 54,235 shares during the period. Strs Ohio's holdings in Chevron were worth $130,724,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its stake in Chevron by 6.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company's stock valued at $142,000 after acquiring an additional 59 shares in the last quarter. Barlow Wealth Partners LLC raised its stake in Chevron by 1.1% during the 4th quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company's stock valued at $869,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC raised its stake in Chevron by 6.1% during the 4th quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company's stock valued at $162,000 after acquiring an additional 61 shares in the last quarter. TigerOak Management L.L.C. raised its stake in Chevron by 0.7% during the 4th quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company's stock valued at $1,375,000 after acquiring an additional 62 shares in the last quarter. Finally, Heritage Wealth Management Inc. raised its stake in shares of Chevron by 0.3% in the 4th quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company's stock worth $3,642,000 after buying an additional 62 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Adjusted Q1 results topped Street estimates — Chevron reported adjusted EPS of $1.41, outpacing consensus, helped by higher oil & gas realizations and upstream production gains (Hess integration lifted output). Chevron's upstream strength lifts first-quarter earnings past estimate
• Neutral Sentiment: Elevated crude prices from Middle East tensions remain a potential tailwind for future quarters, but the path is volatile and timing of higher realized profits depends on hedging and production recovery. Big Oil earnings and oil price context
• Neutral Sentiment: Wall Street positioning: analysts have been updating forecasts ahead of and after the print (some raise long‑term EPS outlooks), which could limit downside if guidance/forward cues are constructive. Analyst forecast changes ahead of Q1
• Negative Sentiment: Headline profits plunged (net income fell ~36%) primarily because of derivative timing losses and hedges that moved against Chevron, dragging reported earnings even though operational results improved. Profit hits five-year low due to hedging & timing
• Negative Sentiment: Balance‑sheet / cash‑flow signal: management flagged Middle East risks and the company’s net‑debt-to‑cash‑flow metric worsened, increasing investor concern about near‑term financial flexibility. Net debt to cash flow worsens; CEO flags risks
• Negative Sentiment: Short‑term market pressure from softening oil: crude weakened intraday (~3% drop), which pulled energy names lower and amplified selling after the mixed print. Crude oil down 3% and mixed Q1 coverage

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of research reports. Piper Sandler boosted their price objective on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Mizuho boosted their price objective on Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Royal Bank Of Canada boosted their price objective on Chevron from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Monday, April 13th. UBS Group reissued a "buy" rating and issued a $212.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Finally, Morgan Stanley boosted their price objective on Chevron from $174.00 to $212.00 and gave the stock an "overweight" rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $198.09.

Chevron Stock Down 1.3%

Shares of Chevron stock opened at $190.79 on Friday. The stock's fifty day moving average is $193.08 and its 200-day moving average is $171.09. The firm has a market capitalization of $380.12 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51. 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 Corporation has a 12-month low of $133.77 and a 12-month high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.44. The company had revenue of $48.61 billion for the quarter, compared to analyst estimates of $51.86 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 earnings per share. Equities analysts anticipate that Chevron Corporation will post 14.13 earnings per share for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron's payout ratio is 106.91%.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the business's stock in a transaction on 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 sale, the chief executive officer directly owned 31,266 shares of the company's stock, valued at $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $2,187,528.00. The SEC filing for this sale provides additional information. Insiders sold 695,439 shares of company stock valued at $131,274,332 over the last ninety days. Company insiders own 0.56% of the company's stock.

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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