Marshall Financial Group LLC Decreases Stock Holdings in Chevron Corporation $CVX

Key Points

• Marshall Financial Group LLC cut its stake in Chevron by 69.2% in Q4, selling 5,637 shares and retaining 2,514 shares worth about $383,000.
• Company insiders executed large sales recently — CEO Michael K. Wirth sold 272,624 shares and Vice Chairman Mark A. Nelson sold 139,600 shares — with insiders selling about 1,099,397 shares (~$196.2M) last quarter and owning just 0.20% of the stock.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, yield ~3.5%), while analysts remain mixed with a consensus rating of "Hold" and an average price target of $184.77 despite several recent upgrades and higher targets from some firms.

Marshall Financial Group LLC lowered its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514 shares of the oil and gas company's stock after selling 5,637 shares during the quarter. Marshall Financial Group LLC's holdings in Chevron were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Decker Retirement Planning Inc. purchased a new stake in shares of Chevron during the third quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company's stock worth $37,000 after buying an additional 118 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Chevron in the 3rd quarter worth approximately $41,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 202 shares in the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in shares of Chevron during the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO Mike Wirth warned at CERAWeek that markets are underestimating the supply shock from the Strait of Hormuz closure, saying futures trade on “scant information” and that physical supply recovery will take time — comments that support a higher-oil-price thesis and boost Chevron’s near-term revenue outlook. Energy Markets Should Be More Worried, Chevron's CEO Says
• Positive Sentiment: Multiple reports (CNBC, Reuters, Fortune) echoed Wirth’s message that the market hasn’t fully priced Iran-related disruptions — reinforcing trader flows into oil names and benefitting integrated producers like Chevron. Chevron CEO says Iran war impact isn't fully priced into oil market
• Positive Sentiment: Analysts and sector pieces are highlighting Chevron as a beneficiary of U.S. LNG export demand and global supply tightness, which supports longer-term cash generation beyond upstream crude exposure. 3 Best US LNG Stocks to Focus on Amid Global Supply Crunch
• Neutral Sentiment: Wirth said Chevron has raised Venezuelan output recently but that large-scale investment needs clearer legal/regulatory changes — a potential long-term upside if reforms stick, but uncertain and capital-intensive. Chevron CEO: More Groundwork Needed to Boost Venezuelan Oil Production
• Positive Sentiment: HSBC reportedly upgraded Chevron, which can lift investor sentiment and help support the rally amid energy-sector rotation. Chevron Upgraded at HSBC
• Negative Sentiment: Geopolitical easing headlines — notably reports the U.S. paused planned strikes and engaged in talks with Iran — triggered a sharp drop in oil prices earlier, which can pressure short-term sentiment for oil producers including Chevron. Trump Pauses Iran Energy Strikes for 5 Days

Analyst Ratings Changes

Several brokerages have weighed in on CVX. Melius Research upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Tuesday, February 17th. Piper Sandler upped their price target on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. Jefferies Financial Group raised their price objective on Chevron from $174.00 to $189.00 and gave the stock a "buy" rating in a research report on Wednesday, January 14th. Finally, Argus set a $203.00 target price on Chevron in a research report on Tuesday, February 3rd. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $184.77.

Chevron Trading Up 1.7%

Shares of Chevron stock opened at $205.12 on Tuesday. The firm's 50 day simple moving average is $182.17 and its two-hundred day simple moving average is $163.78. The firm has a market capitalization of $409.30 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.87 and a beta of 0.67. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $205.36. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

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

Chevron Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's payout ratio is presently 106.91%.

Insider Buying and Selling at Chevron

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of the business's 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 sale, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction dated Monday, March 2nd. The shares were 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 directly owned 31,266 shares in the company, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,099,397 shares of company stock worth $196,196,468. 0.20% of the stock is owned by corporate insiders.

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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