Park Avenue Securities LLC Buys 15,853 Shares of Chevron Corporation $CVX

Key Points

• Park Avenue Securities LLC increased its Chevron stake by 11.6% in Q4, buying 15,853 shares to hold 152,057 shares worth about $23.18 million.
• Significant insider selling has occurred recently — insiders sold roughly 1,099,397 shares worth about $196.2 million over the last 90 days — while institutional investors own 72.42% of Chevron.
• Chevron’s momentum includes a market cap topping $400 billion, recent analyst upgrades and a raised quarterly dividend to $1.78 (a 3.5% yield), though the consensus rating remains a "Hold" with an average target of $184.77.

Park Avenue Securities LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,057 shares of the oil and gas company's stock after purchasing an additional 15,853 shares during the period. Park Avenue Securities LLC's holdings in Chevron were worth $23,175,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Chevron in the third quarter worth $34,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company's stock valued at $37,000 after buying an additional 118 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Chevron during the 3rd quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC grew 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 during the period. Finally, Traub Capital Management LLC purchased a new stake in Chevron in the 2nd quarter worth about $46,000. Institutional investors own 72.42% of the company's stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s market capitalization topped $400 billion for the first time as the crude rally lifted energy peers and investor appetite for large integrated oil names. Chevron (CVX) Stock Breaks Into Elite $400B Club Amid Oil Price Rally
• Positive Sentiment: HSBC upgraded CVX from Hold to Buy and set a $215 target, signaling analyst conviction that the stock has further upside as oil stays elevated. HSBC upgrade to Buy
• Positive Sentiment: Major business press notes Chevron’s rise into the top-20 U.S. companies by market value, reinforcing momentum and institutional interest in the name. Chevron Jumps Into Top 20 Most Valuable U.S. Companies
• Positive Sentiment: Analyst/market commentaries and YTD performance write-ups highlight strong gains (CVX up materially this year) driven by geopolitical support for oil prices and Chevron’s growth projects—these narratives help attract momentum flows. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Mizuho and other broker notes (coverage upgrades / bullish price forecasts) and inclusion in “best energy stocks” pieces amplify buy-side interest and argue for continued upside if commodity strength persists. Mizuho Forecasts Strong Price Appreciation for Chevron NYSE: CVX Stock
• Neutral Sentiment: Comparative analyst pieces (e.g., Zacks on Chevron vs. Suncor) note Chevron’s diversification and Guyana growth but weigh that against peer cost actions—useful context but not an immediate catalyst. Chevron vs. Suncor: Which Energy Stock Wins at 52-Week Highs?
• Neutral Sentiment: Chevron Technology Ventures led a small strategic investment in robotics firm KEWAZO—positioning for operational efficiencies but not a near-term earnings driver. Chevron Technology Ventures Invests in KEWAZO

Insiders Place Their Bets

In other news, insider R. Hewitt Pate sold 47,200 shares of the business's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,644,162.96. The trade was a 84.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company's stock in a transaction on 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 completion of the transaction, the insider directly 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,099,397 shares of company stock worth $196,196,468. Company insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Citigroup lifted their target price on shares of Chevron from $179.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. TD Cowen boosted their price target on shares of Chevron from $160.00 to $168.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $184.77.

Chevron Stock Up 0.1%

CVX stock opened at $201.73 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $402.53 billion, a PE ratio of 30.29, a PEG ratio of 1.86 and a beta of 0.67. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $205.08. The stock has a 50-day simple moving average of $181.32 and a two-hundred day simple moving average of $163.40.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the prior year, the firm posted $2.06 earnings per share. The company's revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This is a boost from Chevron's previous quarterly dividend of $1.71. 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%. Chevron's payout ratio is currently 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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