Composition Wealth LLC Has $13.87 Million Stake in Chevron Corporation $CVX

Key Points

• Composition Wealth LLC increased its Chevron stake by 10.6% in Q4 to 90,990 shares, worth about $13.87 million as of the latest 13F filing.
• Chevron reported an adjusted Q1 EPS of $1.41, beating estimates of $0.97, but revenue missed expectations and reported net income fell roughly 36% largely due to derivative timing losses and hedging.
• Chevron declared a quarterly dividend of $1.78 (annualized $7.12, ~3.7% yield) even as its payout ratio sits at 106.91%, and insiders — including the CEO — executed sizable stock sales last quarter.

Composition Wealth LLC increased its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,990 shares of the oil and gas company's stock after buying an additional 8,745 shares during the period. Composition Wealth LLC's holdings in Chevron were worth $13,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Decker Retirement Planning Inc. bought a new position in Chevron in the third quarter valued at approximately $34,000. Marquette Asset Management LLC bought a new position in Chevron in the third quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC increased its stake in Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 202 shares during the last quarter. Daytona Street Capital LLC bought a new position in Chevron in the fourth quarter valued at approximately $44,000. Finally, Maseco LLP bought a new position in Chevron in the fourth quarter valued at approximately $49,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

NYSE CVX opened at $190.79 on Friday. The firm's fifty day moving average price is $193.08 and its two-hundred day moving average price is $171.09. The stock has a market cap of $380.12 billion, a PE ratio of 28.65, a PEG ratio of 0.72 and a beta of 0.51. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

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

Chevron Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron's payout ratio is presently 106.91%.

Insider Activity

In related news, insider Alana K. Knowles sold 2,408 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief executive officer directly owned 31,266 shares in the company, valued at approximately $5,920,217.10. This represents a 89.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 695,439 shares of company stock valued at $131,274,332. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CVX shares. Tudor Pickering raised shares of Chevron from a "hold" rating to a "buy" rating and set a $225.00 price objective on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada lifted their price objective on shares of Chevron from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Finally, TD Cowen decreased their price objective on shares of Chevron from $214.00 to $204.00 and set a "hold" rating on the stock in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has a consensus rating of "Moderate Buy" and an average target price of $198.09.

Chevron News Roundup

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

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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