Procyon Advisors LLC Has $4.19 Million Stock Position in Chevron Corporation $CVX

Key Points

• Procyon Advisors cut its stake in Chevron by 25% in Q4, selling 9,176 shares and ending the quarter with 27,514 shares valued at about $4.19 million.
• Significant insider selling has occurred recently: Vice Chairman Mark A. Nelson sold 139,600 shares (~$26.2M) and CEO Michael K. Wirth sold 320,700 shares (~$52.3M), with insiders offloading 1,099,397 shares worth ~$196.2M in the last three months.
• Chevron raised its quarterly dividend to $1.78 ($7.12 annualized, ~3.5% yield) as the company's market capitalization topped $400 billion amid the oil rally, though the consensus analyst rating remains a Hold with a $184.77 target.

Procyon Advisors LLC trimmed its position in Chevron Corporation (NYSE:CVX - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,514 shares of the oil and gas company's stock after selling 9,176 shares during the quarter. Procyon Advisors LLC's holdings in Chevron were worth $4,193,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company's stock in a transaction 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 completion of the sale, the insider directly owned 11,337 shares of the company's stock, valued at approximately $2,130,449.04. This represents a 92.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the transaction, the chief executive officer owned 14,450 shares in the company, valued at $2,355,205.50. This trade represents a 95.69% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is currently owned by company insiders.

Chevron Trading Up 0.1%

Shares of NYSE:CVX opened at $201.73 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $402.53 billion, a PE ratio of 30.29, a P/E/G ratio of 1.87 and a beta of 0.67. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $205.08. The firm has a fifty day moving average price of $181.32 and a 200 day moving average price of $163.41.

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 for the quarter, topping analysts' consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business's quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. This is an increase from Chevron's previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron's dividend payout ratio is presently 106.91%.

Analyst Ratings Changes

CVX has been the topic of several research analyst reports. BMO Capital Markets restated an "outperform" rating and set a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Wells Fargo & Company lifted their price objective on Chevron from $196.00 to $204.00 and gave the company an "overweight" rating in a research report on Monday, February 2nd. Argus set a $203.00 target price on Chevron in a research note on Tuesday, February 3rd. Scotiabank reaffirmed a "sector perform" rating and issued a $168.00 target price on shares of Chevron in a research report on Friday, January 16th. Finally, UBS Group reaffirmed a "buy" rating and set a $212.00 price target on shares of Chevron in a research note on Monday, February 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $184.77.

Key Stories Impacting 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

Chevron Company 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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