Constant Guidance Financial LLC Invests $1.30 Million in Chevron Corporation $CVX

Key Points

• Constant Guidance Financial LLC disclosed a new fourth-quarter stake in Chevron, buying 8,509 shares worth about $1.3 million. Chevron now makes up roughly 0.9% of the firm’s portfolio.
• Wall Street sentiment on Chevron remains generally positive, with several analysts raising price targets and the stock carrying a Moderate Buy consensus rating. The average target price is about $205.70, above the recent share price.
• Chevron reported better-than-expected earnings for the latest quarter and also declared a quarterly dividend of $1.78 per share, equal to an annualized yield of about 3.9%.

Constant Guidance Financial LLC acquired a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,509 shares of the oil and gas company's stock, valued at approximately $1,297,000. Chevron comprises about 0.9% of Constant Guidance Financial LLC's portfolio, making the stock its 21st biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Wealth Advisors LLC bought a new position in Chevron in the fourth quarter valued at approximately $33,000. Daytona Street Capital LLC bought a new position in Chevron in the fourth quarter valued at approximately $44,000. Turning Point Benefit Group Inc. bought a new position in Chevron in the third quarter valued at approximately $49,000. Maseco LLP bought a new position in Chevron in the fourth quarter valued at approximately $49,000. Finally, High Point Wealth Management LLC bought a new position in Chevron in the fourth quarter valued at approximately $53,000. 72.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CVX. Scotiabank lifted their price objective on shares of Chevron from $168.00 to $187.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 22nd. BNP Paribas Exane raised shares of Chevron from a "neutral" rating to an "outperform" rating and set a $174.00 price objective on the stock in a research note on Friday, April 17th. BMO Capital Markets reissued an "outperform" rating and issued a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Tudor Pickering upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $225.00 target price on the stock in a research report on Thursday, April 9th. Finally, Melius Research upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.70.

Chevron Price Performance

Shares of NYSE:CVX opened at $182.24 on Thursday. The firm has a market cap of $362.95 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 0.61 and a beta of 0.51. The firm's fifty day moving average is $192.89 and its 200-day moving average is $175.45. 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 52 week low of $135.21 and a 52 week 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 analysts' consensus estimates of $1.00 by $0.41. The company had revenue of $47.56 billion for 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%. Chevron's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.18 earnings per share. Sell-side analysts predict that Chevron Corporation will post 15.74 earnings per share for the current year.

Chevron Dividend Announcement

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

Insider Activity at Chevron

In other news, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the transaction, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,179,699 shares of company stock valued at $224,675,517 in the last quarter. Insiders own 0.56% of the company's stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Mizuho raised its price target on Chevron to $230 and kept an outperform rating, signaling expectations for meaningful upside from current levels.
• Positive Sentiment: RBC Capital and UBS remained bullish after strong Q1 results, reinforcing the view that Chevron’s earnings strength and free cash flow can support the shares.
• Positive Sentiment: New coverage highlighted Chevron as a top high-yield energy name, with analysts emphasizing its dividend appeal and resilience for long-term income investors.
• Positive Sentiment: Chevron shareholders rejected a proposal for an independent board chair, which preserves the company’s current leadership structure and may be seen as a vote of confidence in management. Reuters article
• Neutral Sentiment: Multiple articles continued to frame Chevron as a durable, income-oriented energy stock, but these pieces were mostly commentary rather than new company-specific catalysts.
• Neutral Sentiment: Reports about Chevron’s Mediterranean gas expansion and recent valuation checks suggest long-term growth potential, though they did not provide a fresh short-term catalyst.
• Negative Sentiment: Some market commentary noted that Chevron is already trading at a premium to recent levels, which may be encouraging investors to wait for a better entry point.

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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