Horizon Investments LLC Grows Position in Chevron Corporation $CVX

Key Points

• Horizon Investments LLC raised its stake in Chevron by 13.8%, adding 23,171 shares to hold 190,627 shares worth about $29.05 million per its latest 13F filing.
• Mixed Q1 results: Chevron reported adjusted EPS of $1.41 that beat estimates, but headline net income fell roughly 36% due to derivative/hedging losses and revenue missed consensus, while management warned of a worsening net‑debt‑to‑cash‑flow metric amid Middle East risks.
• Insider activity and payout: Insiders sold 695,439 shares (~$131.3M) over the past three months and now own 0.56%, while Chevron declared a $1.78 quarterly dividend (3.7% yield) with a payout ratio of about 106.9%.

Horizon Investments LLC raised its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,627 shares of the oil and gas company's stock after buying an additional 23,171 shares during the quarter. Horizon Investments LLC's holdings in Chevron were worth $29,053,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Essex Bank grew its holdings in shares of Chevron by 1.0% during the fourth quarter. Essex Bank now owns 133,665 shares of the oil and gas company's stock worth $20,372,000 after buying an additional 1,349 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in shares of Chevron by 14.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 23,551 shares of the oil and gas company's stock worth $3,590,000 after buying an additional 2,970 shares in the last quarter. Broussard Financial Group LLC purchased a new stake in shares of Chevron during the fourth quarter worth $1,227,000. Mutual Advisors LLC grew its holdings in shares of Chevron by 1.6% during the fourth quarter. Mutual Advisors LLC now owns 91,883 shares of the oil and gas company's stock worth $14,004,000 after buying an additional 1,442 shares in the last quarter. Finally, EQ Wealth Advisors LLC grew its holdings in shares of Chevron by 9.5% during the fourth quarter. EQ Wealth Advisors LLC now owns 1,908 shares of the oil and gas company's stock worth $291,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Adjusted Q1 results topped Street estimates — Chevron reported adjusted EPS of $1.41, outpacing consensus, helped by higher oil & gas realizations and upstream production gains (Hess integration lifted output). Chevron's upstream strength lifts first-quarter earnings past estimate
• Neutral Sentiment: Elevated crude prices from Middle East tensions remain a potential tailwind for future quarters, but the path is volatile and timing of higher realized profits depends on hedging and production recovery. Big Oil earnings and oil price context
• Neutral Sentiment: Wall Street positioning: analysts have been updating forecasts ahead of and after the print (some raise long‑term EPS outlooks), which could limit downside if guidance/forward cues are constructive. Analyst forecast changes ahead of Q1
• Negative Sentiment: Headline profits plunged (net income fell ~36%) primarily because of derivative timing losses and hedges that moved against Chevron, dragging reported earnings even though operational results improved. Profit hits five-year low due to hedging & timing
• Negative Sentiment: Balance‑sheet / cash‑flow signal: management flagged Middle East risks and the company’s net‑debt-to‑cash‑flow metric worsened, increasing investor concern about near‑term financial flexibility. Net debt to cash flow worsens; CEO flags risks
• Negative Sentiment: Short‑term market pressure from softening oil: crude weakened intraday (~3% drop), which pulled energy names lower and amplified selling after the mixed print. Crude oil down 3% and mixed Q1 coverage

Insider Buying and Selling

In other Chevron news, insider Andrew Benjamin Walz sold 22,200 shares of the company's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total value of $3,918,966.00. Following the transaction, the insider owned 666 shares of the company's stock, valued at $117,568.98. This represents a 97.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider R. Hewitt Pate sold 58,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,614,466.70. The trade was a 87.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 695,439 shares of company stock valued at $131,274,332 over the last three months. Company insiders own 0.56% of the company's stock.

Chevron Trading Down 1.3%

Shares of CVX stock opened at $190.79 on Friday. The company's 50-day moving average price is $193.08 and its 200-day moving average price is $171.09. Chevron Corporation has a twelve month low of $133.77 and a twelve month high of $214.71. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market cap of $380.12 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 0.72 and a beta of 0.51.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.44. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $48.61 billion for the quarter, compared to analysts' expectations of $51.86 billion. During the same quarter in the prior year, the company posted $2.18 earnings per share. Chevron's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that Chevron Corporation will post 14.13 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be given a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron's dividend payout ratio is presently 106.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CVX. Bank of America upped their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target on the stock in a research report on Tuesday, January 20th. BMO Capital Markets reissued an "outperform" rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group boosted their price target on shares of Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Chevron has a consensus rating of "Moderate Buy" and an average price target of $198.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.