Spirepoint Private Client LLC Buys 7,119 Shares of Chevron Corporation $CVX

Key Points

• Spirepoint Private Client LLC increased its stake in Chevron by 11.1%, acquiring 7,119 shares to hold 71,511 shares worth about $10.899 million, making CVX roughly 1.0% of its holdings and its 27th-largest position.
• Chevron raised its quarterly dividend to $1.78 ($7.12 annualized), yielding 3.7%, though the dividend payout ratio is elevated at about 106.9%.
• Significant insider selling occurred recently: Vice Chairman Mark A. Nelson sold 139,600 shares for ~$26.2 million on March 2, and insiders have sold 782,607 shares (~$146.5 million) over the past 90 days.

Spirepoint Private Client LLC boosted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,511 shares of the oil and gas company's stock after acquiring an additional 7,119 shares during the quarter. Chevron makes up approximately 1.0% of Spirepoint Private Client LLC's holdings, making the stock its 27th biggest holding. Spirepoint Private Client LLC's holdings in Chevron were worth $10,899,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Barlow Wealth Partners LLC grew its holdings in Chevron by 1.1% during the 4th quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company's stock worth $869,000 after acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC grew its holdings in Chevron by 6.1% during the 4th quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company's stock worth $162,000 after acquiring an additional 61 shares during the last quarter. TigerOak Management L.L.C. grew its holdings in Chevron by 0.7% during the 4th quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company's stock worth $1,375,000 after acquiring an additional 62 shares during the last quarter. Wilkins Miller Wealth Management LLC grew its holdings in Chevron by 0.7% during the 4th quarter. Wilkins Miller Wealth Management LLC now owns 8,645 shares of the oil and gas company's stock worth $1,318,000 after acquiring an additional 63 shares during the last quarter. Finally, Vishria Bird Financial Group LLC grew its holdings in 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 acquiring an additional 65 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Down 1.2%

Chevron stock opened at $190.55 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market capitalization of $379.64 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.43 and a beta of 0.60. The company's 50 day simple moving average is $191.27 and its 200 day simple moving average is $167.75. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $2.06 EPS. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This is an increase from Chevron's previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.7%. Chevron's dividend payout ratio is 106.91%.

Insider Activity

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction 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. This trade represents a 92.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 782,607 shares of company stock worth $146,510,571. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

CVX has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a report on Monday, January 5th. Freedom Capital lowered shares of Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Wells Fargo & Company raised their target price on shares of Chevron from $204.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price on the stock in a research note on Tuesday, January 20th. Finally, Citigroup lifted their price objective on shares of Chevron from $210.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $190.04.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Offshore Gulf discovery strengthens reserves and near‑term production optionality — Chevron (37.125% interest) and partners confirmed oil at the Bandit prospect in the Gulf of America; results could enable subsea tie‑backs to nearby infrastructure, boosting upstream growth potential. Chevron finds oil at Gulf of America’s Bandit prospect
• Positive Sentiment: Near-term earnings tailwind: Chevron says stronger oil/gas prices should lift first‑quarter upstream earnings by $1.6–$2.2 billion vs. Q4 2025, implying better cash flow and support for dividends/buybacks if prices persist. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Positive Sentiment: Analyst bullishness increases: multiple shops raised targets and ratings (Wells Fargo to $222 overweight; Tudor Pickering to $225 buy), signaling institutional conviction that CVX has upside after the recent run. Wells Fargo raises price target
• Positive Sentiment: Upstream & LNG project investment: Chevron approved a $690M spend on the Aseng gas project to boost LNG supply — supports growth in the higher‑margin LNG business as global demand rises. Chevron Approves $690M Aseng Gas Project to Boost LNG Supply
• Neutral Sentiment: Estimates nudged up: Erste Group raised FY2026 EPS estimates (from $7.46 to $7.94) — a positive revision but still below consensus, indicating mixed analyst positioning. Erste Group Bank Raises Earnings Estimates for Chevron
• Neutral Sentiment: Leviathan gas restart restores volumes in the Eastern Mediterranean — adds supply stability but is largely anticipated by the market. Israel Restarts Second Offshore Gas Field After U.S.-Iran Ceasefire
• Negative Sentiment: Hedging will limit upside from higher prices: Chevron warned that its hedging programs could blunt the benefit of elevated crude prices, which dampens the immediate earnings flow investors expected. Chevron sees Iran war oil boost, warns hedging to weigh
• Negative Sentiment: Market rotation & volatility: energy‑sector swings (ceasefire headlines, pipeline attacks, and short‑term profit‑taking after CVX’s strong YTD run) have put downward pressure on shares despite company positives. Nasdaq, S&P 500 Extend Winning Streak as Truce Remains Intact

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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