Curtis Advisory Group LLC Acquires Shares of 9,060 Chevron Corporation $CVX

Key Points

• Curtis Advisory Group LLC acquired a new stake of 9,060 shares of Chevron (NYSE:CVX) during Q4, valued at approximately $1.381 million.
• Chevron recently raised its quarterly dividend to $1.78 (annualized $7.12), yielding about 3.8%, though the dividend payout ratio is elevated at 106.91%.
• Insider selling has been significant: CEO Michael K. Wirth sold 272,624 shares (~$51.6M) and insiders have sold 782,607 shares (~$146.5M) over the last three months.

Curtis Advisory Group LLC acquired a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 9,060 shares of the oil and gas company's stock, valued at approximately $1,381,000.

A number of other hedge funds have also recently bought and sold shares of CVX. Perigon Wealth Management LLC raised its stake in Chevron by 19.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company's stock worth $11,406,000 after buying an additional 11,875 shares during the period. Dakota Wealth Management raised its stake in Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company's stock worth $12,690,000 after buying an additional 10,822 shares during the period. Brooklyn FI LLC acquired a new stake in Chevron during the 3rd quarter worth $431,000. New York State Teachers Retirement System raised its stake in Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock worth $251,606,000 after buying an additional 215,345 shares during the period. Finally, Clear Trail Advisors LLC acquired a new stake in Chevron during the 4th quarter worth $10,167,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Performance

CVX opened at $188.57 on Friday. The business's 50-day moving average price is $191.51 and its two-hundred day moving average price is $168.05. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $214.71. The company has a market capitalization of $375.68 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.40 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating 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 firm 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 company's revenue for the quarter was down 10.2% on a year-over-year basis. Equities analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. This is a positive change from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) is 106.91%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect in the Gulf of America bolsters Chevron's deepwater growth optionality and potential future production/tie‑back opportunities. Chevron Confirms Major Oil Discovery in the Gulf of America
• Positive Sentiment: Short interest fell materially in March (down ~14.5% to ~21.0M shares; days‑to‑cover ~1.3), reducing one potential source of near‑term downside pressure.
• Positive Sentiment: Chevron approved the ~$690M Aseng gas project, strengthening its LNG growth profile and future cash‑flow diversification. Chevron Approves $690M Aseng Gas Project to Boost LNG Supply
• Neutral Sentiment: Street estimates are split: some reports forecast a Q1 upstream boost (+$1.6B–$2.2B) from higher oil/gas prices, supporting earnings upside if prices hold. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Neutral Sentiment: Analysts warn Q1 will be "noisy" with offsetting forces (price tailwinds vs hedging/volatility); the report due May 1 is a likely catalyst. Chevron Q1 Earnings Will Be 'Noisy' As Headwinds Reverse To Tailwinds: Analyst
• Negative Sentiment: Chevron warned that Middle East volatility and related effects (including hedging) could hit Q1 earnings and cash flow materially — management cited an adverse impact in the multi‑billion‑dollar range, prompting UBS to cut near‑term forecasts. Chevron flags multi-billion-dollar hit from Middle East volatility
• Negative Sentiment: Public commentary highlights hedging risks and potential earnings drag from geopolitical disruptions, adding downside risk to near‑term prints. Chevron sees Iran war oil boost, warns hedging to weigh
• Negative Sentiment: Wall Street previews suggest EPS could be down double digits in Q1 absent favorable price offsets, increasing the chance of volatile reaction at the report. Chevron's Quarterly Earnings Preview: What You Need to Know

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. TD Cowen raised their price objective on Chevron from $160.00 to $168.00 and gave the stock a "hold" rating in a research note on Monday, February 2nd. Scotiabank raised Chevron to a "hold" rating in a research note on Friday, March 27th. HSBC raised Chevron from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, March 20th. Bank of America raised their price objective on Chevron from $188.00 to $206.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed 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, fifteen have assigned a Buy rating, five have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.04.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the sale, the chief executive officer owned 31,266 shares of the company's stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider directly owned 8,638 shares in the company, valued at $1,842,485.40. This represents a 82.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 782,607 shares of company stock worth $146,510,571. 0.21% of the stock is currently owned by company insiders.

Chevron Company 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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