QRG Capital Management Inc. Buys 14,034 Shares of Chevron Corporation $CVX

Key Points

• QRG Capital Management boosted its stake in Chevron by 5.2%, buying 14,034 shares to hold 283,012 shares valued at $43,134,000 at the end of Q4.
• Insiders have been net sellers recently — R. Hewitt Pate sold 40,200 shares (about $8.57M) and insiders sold 621,439 shares totaling $118.3M in the past 90 days, leaving insiders with 0.56% ownership.
• Chevron beat Q1 EPS ($1.41 vs. $1.00) but missed revenue estimates, announced a $1.78 quarterly dividend (3.7% yield), and carries a consensus "Moderate Buy" analyst rating with an average target of $198.96.

QRG Capital Management Inc. boosted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,012 shares of the oil and gas company's stock after buying an additional 14,034 shares during the period. QRG Capital Management Inc.'s holdings in Chevron were worth $43,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Cornerstone Planning Group LLC lifted its position in Chevron by 6.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company's stock valued at $142,000 after purchasing an additional 59 shares in the last quarter. Barlow Wealth Partners LLC lifted its position in Chevron by 1.1% during the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company's stock valued at $869,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC lifted its position in Chevron by 6.1% during the fourth quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company's stock valued at $162,000 after purchasing an additional 61 shares in the last quarter. TigerOak Management L.L.C. lifted its position in Chevron by 0.7% during the fourth quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company's stock valued at $1,375,000 after purchasing an additional 62 shares in the last quarter. Finally, Heritage Wealth Management Inc. lifted its position in Chevron by 0.3% during the fourth quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company's stock valued at $3,642,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Transactions at Chevron

In other news, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction dated Monday, March 30th. The stock was 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 approximately $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 621,439 shares of company stock valued at $118,307,800. 0.56% of the stock is owned by insiders.

Chevron Price Performance

NYSE:CVX opened at $192.41 on Tuesday. 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 business's 50-day simple moving average is $193.08 and its two-hundred day simple moving average is $171.36. The stock has a market cap of $383.34 billion, a PE ratio of 33.35, a P/E/G ratio of 0.71 and a beta of 0.51. Chevron Corporation has a 52 week low of $133.77 and a 52 week high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.41. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The firm had revenue of $48.61 billion for the quarter, compared to analysts' expectations of $51.86 billion. During the same period in the previous year, the firm posted $2.18 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Chevron Corporation will post 14.13 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron's payout ratio is 123.40%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Q1 beat and bullish forward commentary — Chevron topped EPS expectations and management signaled production growth and resilient cash returns; UBS and other analysts see sequential earnings acceleration after Q1. Chevron's Q1 Results Set up 'Meaningful Acceleration' for Rest of the Year
• Positive Sentiment: Analyst optimism — at least one analyst raised Chevron’s price target after the Q1 report, citing the company as “firing on all cylinders,” supporting near-term upside in the stock. Chevron is 'firing on all cylinders,' analyst raises price target after Q1
• Positive Sentiment: Long-term resource upside — Chevron is negotiating for a stake in a very large Iraqi oilfield, which could materially boost future reserves and production if the deal proceeds. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq
• Neutral Sentiment: Margin and business-mix nuance — deeper analysis highlights margin compression in parts of the portfolio despite stable revenue and upstream growth; this tempers the Q1 enthusiasm. CVX Q1 Deep Dive: Margin Compression Amid Stable Revenue and Upstream Growth
• Neutral Sentiment: Investor narrative remains supportive — media and pundits continue to frame big oil majors (including Chevron) as disciplined, shareholder-friendly cash generators, which underpins investor appetite over the medium term. Big Oil Has Transformed Into Shareholder-Friendly Cash Machines, Says CNBC’s Halftime Report
• Negative Sentiment: Geopolitical supply risk — CEO Mike Wirth warned that Strait of Hormuz disruptions are already tightening global supplies and that physical shortages could begin to appear, raising operational and commodity-price volatility risk for the company and markets. Chevron CEO says physical shortages in oil supply to begin appearing
• Negative Sentiment: Shipping safety and market shock — Wirth and other coverage flagged ship-safety concerns in the Strait of Hormuz and a volatile Brent spike to ~$126/barrel, signaling higher near-term risk and potential market dislocations. Chevron CEO voices concern over Strait of Hormuz ship safety
• Negative Sentiment: Macro risk spillover — regional attacks and broader market declines (Dow weakness after Iran/UAE-related attacks) raise the prospect of broader equity volatility that can weigh on CVX despite commodity tailwinds. Stock Market Today: Dow Dives As Trump Calls On Key Ally; Warren Buffett Gives This Warning (Live Coverage)

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. Wall Street Zen raised Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Jefferies Financial Group raised their price target on Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. Finally, Barclays raised their price target on Chevron from $180.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $198.96.

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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