SageView Advisory Group LLC Acquires 18,810 Shares of Chevron Corporation $CVX

Key Points

• SageView Advisory Group boosted its Chevron stake by 104%, purchasing 18,810 shares to hold 36,904 shares worth about $5.73 million at the end of the quarter.
• Heavy insider selling occurred recently—including sales by Vice Chairman Mark Nelson and CEO Michael Wirth—with insiders offloading 1,099,397 shares (~$196.2 million) in the last 90 days, leaving insiders with roughly 0.20% ownership.
• Chevron raised its quarterly dividend to $1.78 (a ~4% increase, $7.12 annualized, ~3.8% yield), while analysts' consensus rating is "Hold" with an average target near $178.95.

SageView Advisory Group LLC boosted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 104.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,904 shares of the oil and gas company's stock after buying an additional 18,810 shares during the period. SageView Advisory Group LLC's holdings in Chevron were worth $5,731,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of 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% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 118 shares in the last quarter. Marquette Asset Management LLC purchased a new position in shares of Chevron during the third quarter worth approximately $41,000. Barnes Dennig Private Wealth Management LLC raised its stake 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 valued at $42,000 after acquiring an additional 202 shares in the last quarter. Finally, Traub Capital Management LLC bought a new stake in shares of Chevron during the second quarter valued at approximately $46,000. 72.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the sale, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares of the company's stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.20% of the stock is currently owned by insiders.

Chevron Trading Down 1.6%

Shares of CVX stock opened at $186.38 on Wednesday. The company's 50-day moving average price is $174.83 and its 200-day moving average price is $161.29. 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 cap of $371.89 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.91 and a beta of 0.67. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $192.41.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron's revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business earned $2.06 earnings per share. As a group, equities analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a boost from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio is presently 106.91%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron and Shell are reported to be closing in on major oil production deals in Venezuela — a reopening of Venezuelan upstream opportunities could add meaningful volumes and long‑term cash flow upside if formalized. Read More.
• Positive Sentiment: Dividend confirmation: Chevron paid a $1.78 quarterly dividend (4% increase), continuing 39 years of annual dividend growth — supports defensive, income‑oriented demand for CVX. Read More.
• Positive Sentiment: Positive endorsement from celebrity investor/commentator Jim Cramer praising CEO Michael Wirth — may buoy retail sentiment and short‑term demand. Read More.
• Positive Sentiment: Commercial win: Chevron signed a five‑year gas supply deal with Horizon Power (Australia), underpinning steady gas revenues and regional reliability contracts. Read More.
• Neutral Sentiment: Talks about a potential strategic bolt‑on in Brazil: Ultrapar/Ipiranga stake sale process has drawn reported Chevron interest — could be growth/retail downstream exposure but remains at the rumor/negotiation stage. Read More.
• Neutral Sentiment: Oil price volatility remains the dominant macro driver: surges tied to Middle East tensions and supply cuts are pushing sector momentum, but rapid reversals (including false/mixed government statements) are amplifying intraday swings for integrated producers like Chevron. Read More.
• Negative Sentiment: Shares have traded lower relative to the market in recent sessions amid the oil‑price whipsaw and profit‑taking; headlines cite CVX falling more steeply than broader indices. Read More.
• Negative Sentiment: Insider selling: R. Hewitt Pate disclosed a sale of 47,200 shares at roughly $192 — an SEC filing that some investors view as a signal to lighten exposure (though sales can be routine). Read More.
• Negative Sentiment: Operational/region risk: Reports indicate possible suspension of production at the Leviathan gas field offshore Israel — any production interruptions in geopolitical hotspots can dent near‑term volumes and revenue. Read More.
• Negative Sentiment: Geopolitical de‑escalation headlines (e.g., expectations of a quick end to the Iran conflict) have triggered sharp oil price pullbacks that pressured Chevron shares after recent gains. Read More.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group reissued a "buy" rating and issued a $212.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Scotiabank reiterated a "sector perform" rating and set a $168.00 price objective on shares of Chevron in a research note on Friday, January 16th. Piper Sandler lowered their target price on Chevron from $178.00 to $174.00 and set an "overweight" rating for the company in a report on Thursday, January 8th. Jefferies Financial Group lifted 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. Finally, JPMorgan Chase & Co. raised Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target for the company in a research report on Tuesday, January 20th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $178.95.

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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