Runnymede Capital Advisors Inc. Invests $2.43 Million in Chevron Corporation $CVX

Key Points

• Runnymede Capital Advisors established a new position in Chevron, purchasing 15,956 shares valued at about $2.43 million, making CVX roughly 1.4% of its portfolio and its 18th-largest holding.
• Chevron resumed natural gas production at the Leviathan offshore field after a 33‑day halt, supporting near-term LNG volumes while analysts have raised price targets and the stock holds a consensus "Moderate Buy".
• Chevron raised its quarterly dividend to $1.78 ($7.12 annualized, ~3.7% yield) despite a payout ratio of 106.91%, and insiders have sold about 782,607 shares (~$146.5M) in the last 90 days.

Runnymede Capital Advisors Inc. purchased a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,956 shares of the oil and gas company's stock, valued at approximately $2,432,000. Chevron makes up approximately 1.4% of Runnymede Capital Advisors Inc.'s portfolio, making the stock its 18th biggest position.

Several other institutional investors have also modified their holdings of CVX. Decker Retirement Planning Inc. acquired a new position in shares of Chevron during the 3rd quarter worth approximately $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron during the 3rd quarter worth approximately $41,000. Barnes Dennig Private Wealth Management LLC raised its position 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 purchasing an additional 202 shares during the last quarter. Daytona Street Capital LLC acquired a new position in shares of Chevron during the 4th quarter worth approximately $44,000. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Chevron during the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron resumed natural gas output at the Leviathan offshore field after a 33‑day halt, lifting capacity and reinforcing its LNG and Eastern Mediterranean supply role — a near‑term boost to volumes and strategic positioning. Read More.
• Positive Sentiment: BMO Capital raised its price target on CVX to $205 and kept an Outperform rating, reflecting upside in Chevron's cash returns and resilience despite an uncertain oil price range. Read More.
• Positive Sentiment: Erste Group boosted its FY2026 EPS forecast for Chevron, signaling some analyst upward revisions to earnings expectations as company fundamentals and higher commodity prices support cash flow. Read More.
• Neutral Sentiment: Longer‑term bullish research pieces highlight Chevron as a durable dividend and integrated energy exposure play (LNG + upstream), supporting buy‑and‑hold interest even amid short‑term volatility. Read More.
• Neutral Sentiment: Rising oil pushed option premiums wider, prompting some traders to favor covered‑call and cash‑secured‑put strategies on CVX — a sign of elevated volatility rather than a directional signal. Read More.
• Negative Sentiment: Market reaction to a two‑week US‑Iran ceasefire sent oil prices lower and triggered a pullback in Chevron shares as investors price in a reduced near‑term supply shock. Several news outlets flagged CVX among stocks sliding despite a broader market rally. Read More.
• Negative Sentiment: Despite the ceasefire, geopolitical risk remains: recent drone strikes on Saudi Arabia’s East‑West pipeline and political comments suggesting the truce is fragile keep a risk premium on energy — this uncertainty can quickly re‑tighten or loosen oil prices and fuel volatility in CVX. Read More.
• Negative Sentiment: Market commentary (Barron's, Investopedia, The Motley Fool) notes today may mark a rotational pullback for energy after March’s rally — analysts warn gains could be tested if oil stabilizes lower, pressuring CVX near term. Read More.

Chevron Price Performance

Shares of NYSE:CVX opened at $192.81 on Thursday. The firm's 50 day moving average is $190.88 and its two-hundred day moving average is $167.59. 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 $384.74 billion, a P/E ratio of 28.95, a PEG ratio of 1.66 and a beta of 0.60. 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 announced 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. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same quarter last year, the business earned $2.06 earnings per share. Chevron's revenue was down 10.2% compared to the same quarter last year. Analysts anticipate 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. Stockholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. This is a boost from Chevron's previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron's payout ratio is 106.91%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CVX. Piper Sandler lifted their price objective on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. TD Cowen boosted their price target on Chevron from $160.00 to $168.00 and gave the company a "hold" rating in a report on Monday, February 2nd. Scotiabank upgraded Chevron to a "hold" rating in a report on Friday, March 27th. JPMorgan Chase & Co. upgraded Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target for the company in a report on Tuesday, January 20th. Finally, Zacks Research upgraded Chevron from a "hold" rating to a "strong-buy" rating in a report on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of "Moderate Buy" and an average target price of $187.64.

Insiders Place Their Bets

In other news, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 22,200 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the completion of the transaction, the insider owned 666 shares of the company's stock, valued at $117,568.98. This trade represents a 97.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 782,607 shares of company stock valued at $146,510,571. 0.21% of the stock is currently owned by insiders.

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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