Shrier Wealth Management LLC Takes Position in Chevron Corporation $CVX

Key Points

• Shrier Wealth Management LLC opened a new position in Chevron, buying 18,755 shares worth about $2.86 million, making CVX ~1.1% of the firm's portfolio (its 25th-largest holding).
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.4% yield), though the company's dividend payout ratio sits above 100% at 106.9%.
• Insiders have been net sellers recently—about 1.099 million shares sold (~$196 million) in the last 90 days—while Chevron reported a quarterly EPS beat ($1.52 vs. $1.44) but missed revenue and saw revenue fall 10.2% YoY; analysts' consensus rating is a "Hold" with a target of $186.50.

Shrier Wealth Management LLC bought a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,755 shares of the oil and gas company's stock, valued at approximately $2,858,000. Chevron accounts for approximately 1.1% of Shrier Wealth Management LLC's portfolio, making the stock its 25th biggest holding.

A number of other large investors have also added to or reduced their stakes in CVX. Barlow Wealth Partners LLC boosted 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 worth $869,000 after purchasing an additional 60 shares during the period. Vishria Bird Financial Group LLC boosted its holdings in shares of Chevron by 1.2% during the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company's stock worth $821,000 after buying an additional 65 shares during the period. Nexus Investment Management ULC boosted its holdings in shares of Chevron by 0.9% during the 3rd quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company's stock worth $1,187,000 after buying an additional 65 shares during the period. Scott & Selber Inc. grew its stake in Chevron by 0.5% in the 3rd quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company's stock valued at $2,079,000 after buying an additional 65 shares during the last quarter. Finally, Affinity Capital Advisors LLC grew its stake in Chevron by 2.2% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,956 shares of the oil and gas company's stock valued at $451,000 after buying an additional 65 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Trading Down 1.9%

CVX opened at $206.81 on Wednesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $214.71. The company has a 50-day simple moving average of $187.24 and a 200 day simple moving average of $165.98. 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 stock has a market capitalization of $412.67 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.67 and a beta of 0.67.

Chevron (NYSE:CVX - Get Free Report) last released its 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. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business's quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm earned $2.06 EPS. Analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. This is a positive change from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) is 106.91%.

Insider Activity

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the sale, the insider owned 8,558 shares of the company's stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. The trade was a 88.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,099,397 shares of company stock valued at $196,196,468. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on CVX. Bank of America raised their price objective on shares of Chevron from $188.00 to $206.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Barclays lifted their price target on Chevron from $172.00 to $180.00 and gave the stock an "equal weight" rating in a report on Monday, March 16th. Zacks Research raised Chevron from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 23rd. HSBC upgraded Chevron from a "hold" rating to a "buy" rating and set a $215.00 price objective on the stock in a research report on Friday, March 20th. Finally, Sanford C. Bernstein boosted their target price on shares of Chevron from $170.00 to $172.00 and gave the company a "market perform" rating in a research report on Monday, January 5th. Fourteen 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 company. According to data from MarketBeat, Chevron has a consensus rating of "Hold" and a consensus target price of $186.50.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil and gas prices improves near‑term revenue/cash flow potential for integrated producers like Chevron; markets closed March with a historic monthly oil-price surge. Oil Prices Post Biggest Monthly Surge in History
• Positive Sentiment: Chevron announced a partnership with Libya’s National Oil Corporation to assess offshore exploration, which could unlock reserves and future production upside. Chevron Partners With Libya's NOC to Unlock Offshore Potential
• Positive Sentiment: Microsoft is reportedly in talks with Chevron and Engine No. 1 about a roughly $7 billion Texas power plant project — this signals Chevron’s involvement in large-scale power/energy-transition infrastructure and potential new revenue streams. Microsoft in talks with Chevron, Engine No. 1 about $7B Texas power plant - Bloomberg
• Positive Sentiment: Wall Street interest and analyst support remain; J.P. Morgan and other coverage highlight Chevron’s strong cash‑flow profile (Tengizchevroil ramp-up), and Berkshire Hathaway remains a large shareholder — factors that support investor demand. Chevron: Leveraging Tengizchevroil’s Ramp-Up and Long-Lived Franchise Strength...
• Neutral Sentiment: Chevron announced senior leadership changes framed as operational and safety-focused; these typically matter more for long-term execution than for immediate stock moves. Chevron Announces Senior Leadership Changes
• Neutral Sentiment: There are bullish commentary pieces suggesting momentum and buy-the-dip interest, but these are sentiment/analysis items rather than company-specific catalysts. Oil Prices Are Near Multiyear Highs. Here's the Best Energy Stock to Buy With $1,000.
• Negative Sentiment: Wheatstone LNG downstream assets in Western Australia suffered extensive cyclone damage; Chevron says the facility will be offline for a number of weeks — lost volumes, repair costs and operational uncertainty are near-term negatives for earnings and cash flow. Chevron's downstream assets at Wheatstone gas facility suffer extensive damage due to cyclone
• Negative Sentiment: Chevron warned it may be forced to close California gas plants within a decade under current state policy — a regulatory risk that could reduce refining and power assets in a key domestic market. 'We Won't Be Able To Make It' — After 140 Years In California, Chevron May Have To Close Its Gas Plants

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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