Mcdonald Partners LLC Sells 5,416 Shares of Chevron Corporation $CVX

Key Points

• Mcdonald Partners LLC cut its stake in Chevron by 20.1%, selling 5,416 shares and leaving 21,515 shares valued at $3.28 million, about 1.0% of its portfolio (28th largest holding).
• Chevron posted adjusted Q1 EPS of $1.41 (above estimates) while revenue missed and headline net income fell due to hedging/derivative losses, and announced a $1.78 quarterly dividend (3.7% yield; ex-dividend May 19).
• Insiders have been heavy sellers—CEO Michael K. Wirth sold 272,624 shares (~$51.6M) and insiders disposed of ~695,439 shares over three months—while analysts' consensus is a Moderate Buy with an average price target of $198.09.

Mcdonald Partners LLC reduced its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,515 shares of the oil and gas company's stock after selling 5,416 shares during the period. Chevron makes up about 1.0% of Mcdonald Partners LLC's investment portfolio, making the stock its 28th largest position. Mcdonald Partners LLC's holdings in Chevron were worth $3,280,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CVX. United Bank grew its holdings in shares of Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company's stock worth $1,586,000 after purchasing an additional 796 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company's stock worth $7,280,000 after purchasing an additional 4,214 shares in the last quarter. BNP Paribas grew its holdings in shares of Chevron by 76.4% during the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 191 shares in the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Chevron by 678.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company's stock worth $195,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Chevron by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company's stock worth $2,299,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVX. Wall Street Zen raised Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Piper Sandler lifted their price objective on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Tudor Pickering raised Chevron from a "hold" rating to a "buy" rating and set a $225.00 price objective on the stock in a report on Thursday, April 9th. Barclays lifted their price objective on Chevron from $172.00 to $180.00 and gave the stock an "equal weight" rating in a report on Monday, March 16th. Finally, TD Cowen decreased their price objective on Chevron from $214.00 to $204.00 and set a "hold" rating on the stock in a report on Monday, April 13th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $198.09.

Chevron Trading Down 1.3%

CVX stock opened at $190.79 on Friday. The business has a fifty day moving average price of $193.08 and a 200 day moving average price of $171.23. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The stock has a market capitalization of $380.12 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 0.71 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

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

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron's dividend payout ratio (DPR) is currently 123.40%.

Trending Headlines about 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 Activity

In related news, CEO Michael K. Wirth sold 272,624 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer directly owned 31,266 shares of the company's stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the firm's stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the sale, the insider directly owned 8,638 shares of the company's stock, valued at $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 695,439 shares of company stock worth $131,274,332. 0.56% of the stock is currently owned by insiders.

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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