Exencial Wealth Advisors LLC Cuts Position in Chevron Corporation $CVX

Key Points

• Exencial Wealth Advisors trimmed its position in Chevron by 10.3% in Q4, selling 7,931 shares and ending the quarter with 69,399 shares worth about $10.58 million.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.9% yield) despite a payout ratio of 106.91%; the company reported Q4 EPS of $1.52 (beat) while revenue of $45.79B missed estimates and fell 10.2% year‑over‑year.
• Corporate insiders sold roughly 779,407 shares (~$146M) in the last three months, even as institutional investors own 72.42% of the stock and analysts maintain a consensus "Moderate Buy" with a $198.09 price target.

Exencial Wealth Advisors LLC lessened its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,399 shares of the oil and gas company's stock after selling 7,931 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Chevron were worth $10,577,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Barlow Wealth Partners LLC grew its holdings in Chevron by 1.1% during the 4th quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company's stock valued at $869,000 after buying an additional 60 shares in the last quarter. Stone House Investment Management LLC grew its holdings in Chevron by 6.1% during the 4th quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company's stock valued at $162,000 after buying an additional 61 shares in the last quarter. TigerOak Management L.L.C. grew its holdings in Chevron by 0.7% during the 4th quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company's stock valued at $1,375,000 after buying an additional 62 shares in the last quarter. Heritage Wealth Management Inc. grew its holdings in Chevron by 0.3% during the 4th quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company's stock valued at $3,642,000 after buying an additional 62 shares in the last quarter. Finally, Wilkins Miller Wealth Management LLC grew its holdings in Chevron by 0.7% during the 4th quarter. Wilkins Miller Wealth Management LLC now owns 8,645 shares of the oil and gas company's stock valued at $1,318,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Price Performance

Shares of CVX stock opened at $184.79 on Tuesday. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71. 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 firm has a market capitalization of $368.15 billion, a P/E ratio of 27.75, a P/E/G ratio of 0.78 and a beta of 0.60. The stock has a 50 day moving average price of $192.59 and a 200 day moving average price of $170.51.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the company earned $2.06 EPS. Chevron's quarterly revenue was down 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Corporation will post 12.49 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio is 106.91%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warnings that tightening jet-fuel supplies could worsen signal stronger refining margins and pricing power for Chevron if fuel shortages persist, a near-term support for earnings. Chevron CEO warns aviation strain could worsen as jet fuel crunch deepens
• Positive Sentiment: Chelsea management (CEO Mike Wirth) says the Strait of Hormuz disruptions and constrained inventories could keep oil prices elevated for an extended period — supportive for CVX’s upstream cash flow and margins. Chevron CEO Mike Wirth Warns Oil Prices Face Prolonged Pressure
• Positive Sentiment: Analyst/commentary pieces are flagging Chevron’s recent pullback as a potential buying opportunity ahead of earnings, which could attract value-oriented buyers if guidance or results beat. Chevron's Pullback May Be a Buying Opportunity—Even If the War Ends
• Neutral Sentiment: Broader market volatility ahead of a major Fed meeting and heavy corporate earnings week raises macro risk and could amplify moves in energy stocks, including CVX. Week ahead: Big Tech earnings, Fed decision, and an oil crisis set up Wall Street's biggest test of the year
• Neutral Sentiment: Strait of Hormuz disruptions are having an outsized effect on global LNG markets versus oil; this supports longer‑term commodity price risk but affects CVX differently across upstream/refining businesses. Why Strait of Hormuz disruption is more severe for global LNG markets than for oil
• Neutral Sentiment: Options-market activity: with oil off recent highs, put premiums on Chevron remain elevated — signaling higher hedging/trading interest rather than a clear directional bet. Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields
• Negative Sentiment: Governance concerns raised around Chevron’s Venezuelan plans (partner disputes over transparency and legality) add execution and regulatory risk to any expansion there — a potential negative catalyst for future reserves and production growth. Chevron Governance Questions In Venezuela Add A New Risk Consideration
• Negative Sentiment: Management notes that Venezuela must do more to revive its oil industry; labor shortages and reliance on policy changes mean Chevron’s Venezuela upside is uncertain and may be slower than investors hope. Chevron CEO Says Venezuela Must Do More for Oil Industry Revival
• Negative Sentiment: Small institutional trimming: BKM Wealth Management reduced its CVX stake modestly, a minor negative signal on demand from that holder. BKM Wealth Management LLC Sells 5,036 Shares of Chevron Corporation $CVX

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group restated a "buy" rating and set a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. Tudor Pickering raised Chevron from a "hold" rating to a "buy" rating and set a $225.00 price objective for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. HSBC raised Chevron from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research note on Friday, March 20th. Finally, BNP Paribas Exane raised Chevron from a "neutral" rating to an "outperform" rating and set a $174.00 price objective for the company in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Chevron presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.09.

Insider Activity

In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction on Monday, March 30th. The stock was 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 $1,842,485.40. The trade was a 82.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the sale, the insider directly owned 11,337 shares of the company's stock, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 779,407 shares of company stock worth $145,972,971 in the last three months. Corporate insiders own 0.56% of the company's stock.

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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