Diversify Advisory Services LLC Increases Position in Chevron Corporation $CVX

Key Points

• Diversify Advisory Services LLC raised its Chevron stake 57% to 65,121 shares, valued at about $10.83 million at the end of the quarter.
• Insiders sold 782,607 shares worth roughly $146.5 million over the last quarter — including CEO Michael K. Wirth's sale of 272,624 shares (~$51.6M) — leaving insiders with just 0.21% ownership.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.8% yield) and flagged growth catalysts — approval of a ~$690M Aseng gas project and a Bandit Gulf oil discovery — but analysts caution Q1 results could be volatile due to hedging and Middle East risks.

Diversify Advisory Services LLC raised its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 57.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,121 shares of the oil and gas company's stock after buying an additional 23,649 shares during the period. Diversify Advisory Services LLC's holdings in Chevron were worth $10,827,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. United Bank grew its holdings in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company's stock worth $1,586,000 after purchasing an additional 796 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company's stock worth $7,280,000 after purchasing an additional 4,214 shares during the last quarter. BNP Paribas grew its holdings in shares of Chevron by 76.4% in the second quarter. BNP Paribas now owns 441 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 191 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Chevron by 1.7% in the second quarter. Treasurer of the State of North Carolina now owns 761,948 shares of the oil and gas company's stock worth $109,103,000 after purchasing an additional 12,517 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its holdings in shares of Chevron by 2.2% in the second quarter. ICW Investment Advisors LLC now owns 15,459 shares of the oil and gas company's stock worth $2,214,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of research analyst reports. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. upgraded shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. Argus set a $203.00 price target on shares of Chevron in a report on Tuesday, February 3rd. Sanford C. Bernstein upped their price objective on shares of Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a research note on Monday, January 5th. Finally, UBS Group reaffirmed a "buy" rating and issued a $212.00 price objective on shares of Chevron in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $190.04.

Key Headlines Impacting Chevron

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

Insider Buying and Selling

In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider directly owned 8,638 shares of the company's stock, valued at approximately $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction dated Monday, March 2nd. The shares were 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 approximately $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 782,607 shares of company stock valued at $146,510,571 over the last quarter. 0.21% of the stock is owned by company insiders.

Chevron Stock Down 0.9%

NYSE:CVX opened at $188.57 on Friday. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $214.71. The company has a 50-day moving average of $191.51 and a 200 day moving average of $167.98. The firm has a market cap of $375.68 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.41 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 data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. The firm's revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. This is a boost from Chevron's previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron's payout ratio is currently 106.91%.

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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