Entropy Technologies LP Invests $13.04 Million in Chevron Corporation $CVX

Key Points

• Entropy Technologies LP bought 83,952 shares of Chevron (NYSE: CVX) in Q3 worth about $13.04 million, representing roughly 1.0% of its portfolio and making CVX its second-largest position.
• Insider selling has accelerated: CFO Eimear Bonner sold 32,100 shares and Vice Chairman Mark Nelson sold 139,600 shares, with insiders offloading a total of 1,099,397 shares (~$196.2 million) in the past 90 days, leaving insiders holding just 0.21% of the stock.
• Dividend increased — Chevron raised its quarterly payout to $1.78 (annualized $7.12) for a ~3.6% yield, though the payout ratio is elevated at 106.91%.

Entropy Technologies LP acquired a new stake in Chevron Corporation (NYSE:CVX - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 83,952 shares of the oil and gas company's stock, valued at approximately $13,037,000. Chevron makes up approximately 1.0% of Entropy Technologies LP's investment portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock valued at $28,540,753,000 after buying an additional 27,961,463 shares during the period. Norges Bank bought a new position in shares of Chevron during the second quarter valued at about $2,721,477,000. Primecap Management Co. CA purchased a new position in shares of Chevron in the third quarter worth about $988,083,000. Bank of New York Mellon Corp lifted its stake in shares of Chevron by 27.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company's stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Chevron by 14,194.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company's stock valued at $532,984,000 after acquiring an additional 3,696,177 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Activity at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer owned 4,366 shares of the company's stock, valued at approximately $764,093.66. The trade was a 88.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 11,337 shares of the company's stock, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,099,397 shares of company stock valued at $196,196,468 in the last 90 days. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CVX has been the topic of several recent research reports. HSBC lowered Chevron from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a research report on Monday, February 2nd. Barclays increased their price objective on Chevron from $158.00 to $166.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price on the stock in a report on Tuesday, January 20th. Scotiabank reaffirmed a "sector perform" rating and issued a $168.00 target price on shares of Chevron in a research note on Friday, January 16th. Finally, Bank of America upped their price target on shares of Chevron from $188.00 to $206.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $182.05.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Piper Sandler raised its price target and reiterated an "overweight" stance on CVX, giving institutional investors a fresh bullish valuation reference. Benzinga
• Positive Sentiment: Macro support: oil prices and geopolitical risk in the Middle East have pushed Chevron to new highs this week, lifting sentiment for integrated producers that benefit from higher crude. MarketBeat
• Positive Sentiment: Gulf of Mexico expansion: Chevron increased its footprint in the recent lease sale/auction, signaling continued investment in U.S. deepwater growth. Yahoo Finance
• Positive Sentiment: Project development: Chevron Cyprus has advanced a Cyprus offshore gas project (Worley awarded FEED), indicating future production & gas sales potential in the Eastern Med. TipRanks
• Positive Sentiment: Heavy bullish options flow: an unusual spike in call buying shows short‑term speculative/hedging interest that can amplify upward moves.
• Neutral Sentiment: Gorgon/LNG ownership shifts: MidOcean’s move to increase a stake in Gorgon LNG reflects ongoing portfolio shifts in Australian LNG, where Chevron is a long‑standing partner — monitor implications for JV economics. Offshore‑Technology
• Neutral Sentiment: Venezuela opportunity remains in play: reports that Chevron and Shell are nearing deals to revive Venezuelan production are positive long‑term but remain uncertain and subject to regulatory/geopolitical timing. MSN/Reuters
• Negative Sentiment: Insider selling: an SEC filing shows R. Hewitt Pate sold 47,200 shares recently — while insider sales can be routine, some investors interpret them as a signal to reduce exposure near rally highs. SEC Form 4
• Negative Sentiment: Regulatory hit: Chevron agreed to a DOJ settlement (about $1M penalty and retirement of ~$3.6M in invalid renewable credits) — small financially but a reputational/legal reminder. Benzinga
• Negative Sentiment: Asset sale in Angola: Energean’s acquisition of Chevron stakes in offshore Angolan blocks reduces CVX near‑term production exposure in that region; impact depends on sale price and redeployment of proceeds. Offshore‑Technology

Chevron Trading Up 2.9%

NYSE CVX opened at $197.31 on Friday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $198.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a 50 day simple moving average of $176.51 and a two-hundred day simple moving average of $161.75. The stock has a market cap of $393.71 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.67.

Chevron (NYSE:CVX - Get Free Report) last posted its 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. The firm had revenue of $45.79 billion for the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business's revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 earnings per share. On average, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's payout ratio is presently 106.91%.

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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