Infinity Wealth Counsel LLC Buys New Shares in Chevron Corporation $CVX

Key Points

• Infinity Wealth Counsel LLC purchased a new Q4 stake of 5,527 Chevron shares valued at about $842,000, with institutional investors now owning roughly 72.42% of CVX.
• Significant insider selling occurred recently: CEO Michael K. Wirth sold 272,624 shares (~$51.6M) and insiders have sold about 1,099,397 shares (~$196.2M) in the past three months, leaving insiders with just 0.20% ownership.
• Chevron raised its quarterly dividend to $1.78 (annual $7.12, ~3.4% yield) and beat EPS expectations last quarter, but faces near-term headwinds from storm damage at the Wheatstone LNG plant and other cyclone-related outages.

Infinity Wealth Counsel LLC purchased a new stake in shares of Chevron Corporation (NYSE:CVX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,527 shares of the oil and gas company's stock, valued at approximately $842,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Perigon Wealth Management LLC raised its position in shares of Chevron by 19.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company's stock valued at $11,406,000 after purchasing an additional 11,875 shares during the period. Dakota Wealth Management boosted its holdings in Chevron by 14.9% in the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company's stock worth $12,690,000 after buying an additional 10,822 shares during the period. Brooklyn FI LLC purchased a new stake in Chevron in the 3rd quarter worth $431,000. New York State Teachers Retirement System increased its stake in Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock worth $251,606,000 after buying an additional 215,345 shares in the last quarter. Finally, Clear Trail Advisors LLC bought a new stake in Chevron during the fourth quarter valued at about $10,167,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts raised targets and upgraded the stock, supporting upside expectations and helping sentiment. Chevron NYSE: CVX Price Target Raised to $212.00
• Positive Sentiment: A cluster of California offshore platforms has restarted sales, sending crude to Chevron’s Los Angeles-area refinery — a near-term supply win for refining margins and throughput. Sable Restarts California Oil Sales, Sends Crude to Chevron
• Positive Sentiment: Multiple articles highlight upward earnings-estimate revisions and momentum characteristics for CVX, which can attract momentum-focused flows and support the stock if revisions continue. What Makes Chevron (CVX) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Coverage summarizing Wall Street analyst views concludes many see CVX as a solid investment — useful for conviction but not an immediate catalyst absent rating moves or new guidance. Wall Street Analysts Think Chevron (CVX) Is a Good Investment: Is It?
• Neutral Sentiment: Valuation comparisons (e.g., Sasol vs. Chevron) provide context for value investors but don’t create immediate price pressure. SSL vs. CVX: Which Stock Is the Better Value Option?
• Neutral Sentiment: Broader energy-sector strength is a tailwind for majors like Chevron, but sector moves can be offset by company-specific news. Sector Update: Energy Stocks Rise Pre-Bell Monday
• Negative Sentiment: Storm damage at Chevron’s Wheatstone LNG plant in Australia will keep the facility offline for “a number of weeks,” tightening global LNG supply and raising near-term revenue/contract risk for CVX. Chevron says repairs to Wheatstone gas facility to take weeks
• Negative Sentiment: Cyclone-related outages across Australian LNG assets plus talk of a windfall-profits tax add regulatory and fiscal uncertainty that could curb margins or force higher charges on LNG proceeds. Cyclone Outages And Tax Threat Test Chevron’s Australian LNG Story
• Negative Sentiment: Geopolitical uncertainty tied to Iran prompted a public warning from Chevron’s CEO; such uncertainty can increase market volatility and cloud forward oil/demand assumptions. Chevron CEO sounds alarm as Trump puts a 10-day clock on Iran

Insider Activity

In related news, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer owned 31,266 shares of the company's stock, valued at approximately $5,920,217.10. This represents a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,099,397 shares of company stock worth $196,196,468. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Chevron from $174.00 to $189.00 and gave the stock a "buy" rating in a research note on Wednesday, January 14th. Freedom Capital downgraded Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Citigroup upped their price target on Chevron from $179.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Melius Research raised shares of Chevron from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Tuesday, February 17th. Finally, Sanford C. Bernstein lifted their price objective on shares of Chevron from $170.00 to $172.00 and gave the company a "market perform" rating in a research report on Monday, January 5th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $186.50.

Chevron Stock Down 0.2%

NYSE CVX opened at $210.67 on Tuesday. The stock has a 50 day moving average price of $186.41 and a 200-day moving average price of $165.63. Chevron Corporation has a one year low of $132.04 and a one year 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 company has a market capitalization of $420.37 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.76 and a beta of 0.67.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 earnings per share. As a group, equities analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a $1.78 dividend. This is a boost from Chevron's previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. Chevron's payout ratio is presently 106.91%.

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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