Neo Ivy Capital Management Decreases Stock Position in Chevron Corporation $CVX

Key Points

• Neo Ivy Capital Management cut its stake in Chevron by 87.2% in Q3, selling 11,504 shares and leaving the fund with 1,692 shares worth about $263,000.
• Chevron has seen significant insider selling — including R. Hewitt Pate's sale of 58,000 shares (~$10.94M) and Vice Chairman Mark A. Nelson's sale of 139,600 shares (~$26.23M) — with insiders offloading over 1.05M shares (~$187.13M) in the past 90 days.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12), a 3.7% yield, which supports its income case despite a dividend payout ratio above 100% (106.91%).

Neo Ivy Capital Management cut its stake in Chevron Corporation (NYSE:CVX - Free Report) by 87.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,692 shares of the oil and gas company's stock after selling 11,504 shares during the quarter. Neo Ivy Capital Management's holdings in Chevron were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Perigon Wealth Management LLC grew its stake in Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company's stock worth $11,406,000 after purchasing an additional 11,875 shares in the last quarter. Brooklyn FI LLC bought a new stake in Chevron during the 3rd quarter valued at $431,000. New York State Teachers Retirement System raised its position in Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock valued at $251,606,000 after purchasing an additional 215,345 shares in the last quarter. Pictet North America Advisors SA purchased a new stake in shares of Chevron in the 3rd quarter worth $5,662,000. Finally, Finemark National Bank & Trust grew its position in shares of Chevron by 40.3% during the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company's stock worth $8,779,000 after buying an additional 16,243 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Transactions at Chevron

In related news, insider R. Hewitt Pate sold 58,000 shares of the business's stock in a transaction that occurred on 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 owned 8,558 shares in the company, valued at $1,614,466.70. The trade was a 87.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider directly owned 11,337 shares of the company's stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,052,197 shares of company stock worth $187,128,404. 0.21% of the stock is owned by corporate insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. launches $20B tanker reinsurance program, supporting crude above $90 and reducing shipping-risk premium — higher crude prices improve Chevron’s upstream margins and cash flow. Read More.
• Positive Sentiment: Analysts and institutions are increasingly bullish: several firms have raised price targets (one recent note pushes target toward $210), reflecting confidence in Chevron’s cash returns and dividend profile — this supports buy-side interest. Read More.
• Positive Sentiment: Dividend raise and income story remain supportive — Chevron recently increased its quarterly payout, reinforcing its appeal to income-focused investors amid higher commodity prices. Read More.
• Neutral Sentiment: Mixed analyst landscape: while some firms lift targets, others trim fair-value estimates — consensus remains split (buys, holds, sells), which can limit sustained momentum despite positive headlines. Read More.
• Negative Sentiment: Significant insider selling: CEO Michael Wirth and other senior execs disclosed multi‑million‑dollar stock sales in early March — this often prompts near‑term caution and profit‑taking. Read More.
• Negative Sentiment: Operational disruption: Chevron has suspended certain production (e.g., Leviathan-related outages / force majeure reports) tied to regional hostilities — potential near-term volume losses and uncertainty for specific assets. Read More.
• Negative Sentiment: Broader geopolitical volatility (Strait of Hormuz attacks and halted tanker traffic) raises supply‑and‑policy risk that can cause sharp swing trading and higher insurance/shipment costs — a double‑edged sword for oil majors. Read More.

Chevron Trading Up 0.1%

Shares of NYSE CVX opened at $190.01 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $379.14 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $192.41. The business has a fifty day moving average price of $173.38 and a 200 day moving average price of $160.84.

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

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be issued a $1.78 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) is 106.91%.

Analyst Upgrades and Downgrades

CVX has been the topic of several research reports. Melius Research upgraded Chevron from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research note on Tuesday, February 17th. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. Jefferies Financial Group raised their target price 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. Sanford C. Bernstein boosted their price target on shares of Chevron from $170.00 to $172.00 and gave the company a "market perform" rating in a report on Monday, January 5th. Finally, Piper Sandler lowered their price target on shares of Chevron from $178.00 to $174.00 and set an "overweight" rating for the company in a research report on Thursday, January 8th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $178.95.

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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