EverSource Wealth Advisors LLC Acquires 6,009 Shares of Chevron Corporation $CVX

Key Points

• EverSource Wealth Advisors increased its Chevron stake by 15.2% in the first quarter, adding 6,009 shares to hold 45,548 shares worth approximately $9.4 million. Institutional investors collectively own 72.42% of Chevron.
• Analysts remain broadly positive, with 19 Buy ratings, six Holds and one Sell; Chevron has a consensus “Moderate Buy” rating and a $206.04 price target versus its $187.70 opening price.
• Chevron’s outlook includes a higher quarterly dividend and potential growth projects in Iraq and Malaysia, but falling crude prices and geopolitical exposure remain risks. The company’s latest earnings beat expectations on EPS, although revenue fell short of estimates and earnings declined year over year.

EverSource Wealth Advisors LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 45,548 shares of the oil and gas company's stock after purchasing an additional 6,009 shares during the period. EverSource Wealth Advisors LLC's holdings in Chevron were worth $9,424,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new stake in Chevron during the first quarter valued at about $25,000. Core Wealth Advisors LLC purchased a new position in shares of Chevron in the fourth quarter worth about $26,000. Phillip James Consulting Co. purchased a new position in shares of Chevron in the fourth quarter worth about $26,000. Basso Capital Management L.P. bought a new stake in shares of Chevron in the 4th quarter valued at about $27,000. Finally, Karpus Management Inc. bought a new stake in shares of Chevron in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron raised its quarterly dividend, extending its decades-long record of dividend increases. The move reinforces the company’s appeal to income-focused investors and signals confidence in cash-flow generation. Chevron Lifts Quarterly Dividend
• Positive Sentiment: Chevron is evaluating opportunities in Iraq’s large oil fields and export infrastructure, potentially expanding its upstream presence in a major producing region. Chevron Returns to Iraq
• Positive Sentiment: A Chevron subsidiary awarded a roughly $51 million, multiyear drilling contract for Malaysia’s North Malay Basin gas development. The project supports longer-term production growth, although its immediate earnings impact is likely limited. Chevron Signs North Malay Basin Contract
• Neutral Sentiment: Analysts and fund commentary remain constructive on Chevron’s ability to benefit from elevated commodity prices, but investors are focused on whether second-quarter results and management guidance can support the stock near its buy point. Pre-Q2 Earnings: Is Chevron Stock a Buy, Hold, or Sell?
• Neutral Sentiment: Chief Executive Mike Wirth met with U.S. officials about protecting Chevron’s Kazakhstan assets, highlighting the strategic importance of the operations while also underscoring geopolitical and regulatory exposure. Chevron Meets U.S. Officials Over Kazakhstan Assets
• Negative Sentiment: Crude prices fell sharply after President Trump indicated possible negotiations with Iran, reducing geopolitical supply-risk premiums. Brent and West Texas Intermediate declines pulled the broader energy sector lower and directly pressured Chevron’s near-term earnings outlook. Oil Prices Slide as Trump Touts Possible Negotiations With Iran

Analysts Set New Price Targets

Several equities analysts recently issued reports on CVX shares. Royal Bank Of Canada restated an "outperform" rating and set a $220.00 price target on shares of Chevron in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their price objective on Chevron from $204.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. Bank of America increased their price objective on Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a research note on Tuesday. Jefferies Financial Group restated a "buy" rating and issued a $216.00 target price on shares of Chevron in a report on Friday, July 10th. Finally, Sanford C. Bernstein decreased their target price on shares of Chevron from $216.00 to $204.00 and set a "market perform" rating on the stock in a research note on Monday, May 11th. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.04.

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 380,000 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares of the company's stock, valued at approximately $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company's stock.

Chevron Stock Down 1.2%

NYSE CVX opened at $187.70 on Wednesday. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The stock has a market capitalization of $373.82 billion, a PE ratio of 32.53, a PEG ratio of 0.63 and a beta of 0.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The business's 50-day moving average is $181.80 and its 200 day moving average is $184.43.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. During the same quarter in the prior year, the company posted $2.18 EPS. Chevron's quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Chevron Corporation will post 15.6 earnings per share for the current year.

Chevron 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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