Philip James Wealth Mangement LLC Increases Stake in Chevron Corporation $CVX

Key Points

• Philip James Wealth Management increased its Chevron stake by 30.1% in Q4 to 66,489 shares (an additional 15,400), valued at $10.134 million and representing about 1.2% of its portfolio (its 18th largest holding).
• Dividend boost: Chevron raised its quarterly dividend to $1.78 ($7.12 annualized) for a ~3.6% yield, though the payout ratio is high at about 106.9%.
• Mixed outlook: Analysts have lifted price targets (Citigroup to $235) and Chevron has growth catalysts like a potential $7B West Texas gas‑to‑power project and the Aseng FID, but recent revenue weakness and large insider share sales pose near‑term risks.

Philip James Wealth Mangement LLC lifted its position in Chevron Corporation (NYSE:CVX - Free Report) by 30.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,489 shares of the oil and gas company's stock after acquiring an additional 15,400 shares during the quarter. Chevron accounts for approximately 1.2% of Philip James Wealth Mangement LLC's investment portfolio, making the stock its 18th largest holding. Philip James Wealth Mangement LLC's holdings in Chevron were worth $10,134,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership increased its holdings in Chevron by 6.1% during the fourth quarter. YANKCOM Partnership now owns 6,209 shares of the oil and gas company's stock valued at $946,000 after buying an additional 355 shares during the period. SteelPeak Wealth LLC lifted its holdings in Chevron by 49.1% during the fourth quarter. SteelPeak Wealth LLC now owns 123,783 shares of the oil and gas company's stock worth $18,866,000 after buying an additional 40,755 shares during the period. Crown Oak Advisors LLC boosted its position in Chevron by 2.2% during the 4th quarter. Crown Oak Advisors LLC now owns 3,275 shares of the oil and gas company's stock valued at $499,000 after acquiring an additional 72 shares in the last quarter. 1900 Wealth Management LLC boosted its position in Chevron by 6.4% during the 4th quarter. 1900 Wealth Management LLC now owns 6,062 shares of the oil and gas company's stock valued at $924,000 after acquiring an additional 365 shares in the last quarter. Finally, ASL Financial LLC purchased a new position in shares of Chevron in the 4th quarter valued at $983,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Down 0.1%

CVX stock opened at $198.77 on Friday. The company has a market capitalization of $396.63 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $214.71. The firm's fifty day simple moving average is $189.15 and its 200-day simple moving average is $166.72. 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 posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm's revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 earnings per share. As a group, equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.6%. This is a boost from Chevron's previous quarterly dividend of $1.71. Chevron's payout ratio is currently 106.91%.

Insider Buying and Selling at Chevron

In related news, 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 transaction of $8,574,660.00. Following the sale, the insider owned 8,638 shares in the company, valued at approximately $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,139,597 shares of company stock worth $204,771,128. 0.21% of the stock is currently owned by insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil price surge tied to Iran conflict and Strait of Hormuz concerns lifts revenue outlook for integrated producers like Chevron. Oil Spikes Above $109...
• Positive Sentiment: Citigroup raised its CVX price target to $235 and kept a "buy" rating — an analyst catalyst that can attract buying interest. Benzinga
• Positive Sentiment: Chevron confirmed exclusive talks with Microsoft and Engine No. 1 for a potential $7B, 2,500 MW West Texas gas‑to‑power project to supply AI data centers — ties Chevron’s gas business to long-term cloud/AI demand and higher‑margin power contracts. Chevron Taps AI Power Demand
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea, adding medium‑term production growth potential. Aseng FID
• Positive Sentiment: Multiple analyst upgrades and price‑target increases (Morgan Stanley, Mizuho, Zacks coverage and bullish commentary) are improving sentiment and valuation support. Analyst Upgrades
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — a point of potential short‑term volatility when results and guidance are released. Earnings Call Advisory
• Neutral Sentiment: Operational improvements — Chevron is expanding robotics and drone inspections to cut costs and improve safety; positive long‑term but gradual in near‑term impact. Robotics Strategy
• Negative Sentiment: Analysis arguing oil stocks may be “tapped out” despite recent crude strength suggests multiples could be constrained if market rotation resumes, limiting upside. Barron's — Oil Stocks Tapped Out
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, creating near‑term LNG supply and delivery uncertainty that could pressure related earnings. Wheatstone LNG Outage
• Negative Sentiment: Insider R. Hewitt Pate sold 40,200 shares (late March); while common in large firms, large insider sales can be perceived negatively by investors. SEC Form 4 — Insider Sale

Wall Street Analyst Weigh In

CVX has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Chevron from $196.00 to $204.00 and gave the stock an "overweight" rating in a research report on Monday, February 2nd. BMO Capital Markets reiterated an "outperform" rating and issued a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Mizuho boosted their target price on shares of Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Citigroup raised their price target on shares of Chevron from $210.00 to $235.00 and gave the company a "buy" rating in a report on Thursday. 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. According to data from MarketBeat, Chevron currently has an average rating of "Hold" and a consensus price target of $187.64.

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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