Rochester Wealth Strategies LLC Grows Stock Position in Chevron Corporation $CVX

Key Points

• Rochester Wealth Strategies LLC boosted its Chevron stake by 439.5% in Q4 to 7,871 shares worth $1.2 million, making CVX its 15th-largest holding (0.8% of the portfolio).
• Insiders have been net sellers: CEO Michael K. Wirth sold 272,624 shares for about $51.6M on March 2, and insiders sold roughly 1,099,397 shares (~$196.2M) over the past three months, leaving insider ownership at 0.20%.
• Analysts are turning more positive—several upgrades and higher targets (e.g., HSBC to a "buy" at $215, Citi to $210) leave CVX with 14 Buy/6 Hold/4 Sell ratings and an average target of $186.50—while Chevron raised its quarterly dividend to $1.78 (annualized $7.12, yield ~3.4%).

Rochester Wealth Strategies LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 439.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,871 shares of the oil and gas company's stock after acquiring an additional 6,412 shares during the period. Chevron comprises 0.8% of Rochester Wealth Strategies LLC's portfolio, making the stock its 15th largest holding. Rochester Wealth Strategies LLC's holdings in Chevron were worth $1,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Chevron in the 3rd quarter valued at approximately $34,000. Marquette Asset Management LLC purchased a new position in Chevron during the third quarter worth $41,000. Barnes Dennig Private Wealth Management LLC increased its position in 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 buying an additional 202 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of Chevron in the second quarter worth $49,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Chevron in the third quarter valued at $49,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insiders Place Their Bets

In related news, insider Andrew Benjamin Walz sold 11,600 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company's stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,099,397 shares of company stock valued at $196,196,468. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. HSBC raised Chevron from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a research note on Friday, March 20th. Citigroup upped their target price on shares of Chevron from $179.00 to $210.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Barclays raised their price target on shares of Chevron from $172.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Monday, March 16th. Wall Street Zen upgraded shares of Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $190.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Chevron currently has an average rating of "Hold" and an average target price of $186.50.

Chevron Stock Performance

Chevron stock opened at $210.67 on Tuesday. The stock has a fifty day moving average price of $186.41 and a 200 day moving average price of $165.63. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $214.71. The firm has a market capitalization of $420.37 billion, a P/E ratio of 31.63, a PEG ratio of 1.76 and a beta of 0.67. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX - Get Free Report) last issued 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. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm's quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS. Equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current 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 given a $1.78 dividend. This is a boost from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron's dividend payout ratio is 106.91%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts raised targets and upgraded the stock, supporting upside expectations and helping sentiment. Chevron NYSE: CVX Price Target Raised to $212.00
• Positive Sentiment: A cluster of California offshore platforms has restarted sales, sending crude to Chevron’s Los Angeles-area refinery — a near-term supply win for refining margins and throughput. Sable Restarts California Oil Sales, Sends Crude to Chevron
• Positive Sentiment: Multiple articles highlight upward earnings-estimate revisions and momentum characteristics for CVX, which can attract momentum-focused flows and support the stock if revisions continue. What Makes Chevron (CVX) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Coverage summarizing Wall Street analyst views concludes many see CVX as a solid investment — useful for conviction but not an immediate catalyst absent rating moves or new guidance. Wall Street Analysts Think Chevron (CVX) Is a Good Investment: Is It?
• Neutral Sentiment: Valuation comparisons (e.g., Sasol vs. Chevron) provide context for value investors but don’t create immediate price pressure. SSL vs. CVX: Which Stock Is the Better Value Option?
• Neutral Sentiment: Broader energy-sector strength is a tailwind for majors like Chevron, but sector moves can be offset by company-specific news. Sector Update: Energy Stocks Rise Pre-Bell Monday
• Negative Sentiment: Storm damage at Chevron’s Wheatstone LNG plant in Australia will keep the facility offline for “a number of weeks,” tightening global LNG supply and raising near-term revenue/contract risk for CVX. Chevron says repairs to Wheatstone gas facility to take weeks
• Negative Sentiment: Cyclone-related outages across Australian LNG assets plus talk of a windfall-profits tax add regulatory and fiscal uncertainty that could curb margins or force higher charges on LNG proceeds. Cyclone Outages And Tax Threat Test Chevron’s Australian LNG Story
• Negative Sentiment: Geopolitical uncertainty tied to Iran prompted a public warning from Chevron’s CEO; such uncertainty can increase market volatility and cloud forward oil/demand assumptions. Chevron CEO sounds alarm as Trump puts a 10-day clock on Iran

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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