Synergy Asset Management LLC Decreases Stake in Chevron Corporation $CVX

Key Points

• Synergy Asset Management cut its stake in Chevron by 98.1% in Q4, selling 70,934 shares and leaving 1,361 shares worth about $207,000.
• Large insider selling has occurred recently: Vice Chairman Mark A. Nelson sold 139,600 shares (~$26.2M) and CFO Eimear P. Bonner sold 32,100 shares (~$5.6M), with insiders selling about 1,099,397 shares (~$196M) in the past three months.
• Dividend raised to $1.78 quarterly (annualized $7.12) for a ~3.4% yield, though the payout ratio is high at 106.91%, which may concern income-focused investors.

Synergy Asset Management LLC cut its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 98.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,361 shares of the oil and gas company's stock after selling 70,934 shares during the quarter. Synergy Asset Management LLC's holdings in Chevron were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. 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 purchasing an additional 65 shares during the last quarter. Nexus Investment Management ULC increased its holdings in shares of Chevron by 0.9% in the third quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company's stock valued at $1,187,000 after purchasing an additional 65 shares during the last quarter. Scott & Selber Inc. increased its holdings in shares of Chevron by 0.5% in the third quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company's stock valued at $2,079,000 after purchasing an additional 65 shares during the last quarter. Affinity Capital Advisors LLC lifted its position in Chevron by 2.2% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,956 shares of the oil and gas company's stock worth $451,000 after buying an additional 65 shares in the last quarter. Finally, White Knight Strategic Wealth Advisors LLC boosted its stake in Chevron by 3.0% during the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company's stock worth $319,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Price Performance

CVX stock opened at $211.31 on Friday. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $212.46. 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 cap of $421.64 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.67. The business has a fifty day moving average of $185.52 and a two-hundred day moving average of $165.14.

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. The business 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 company's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 EPS. As a group, 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. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. Chevron's dividend payout ratio is currently 106.91%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Australian cyclone knocked out production at major LNG hubs, tightening global gas supply and supporting higher energy prices, a tailwind for Chevron’s commodity-linked cash flow. Cyclone Causes Outages at Australia’s Top LNG Projects
• Positive Sentiment: Morgan Stanley raised its price target to $212 and set an "overweight" rating, signaling buy-side support and helping push CVX higher. Benzinga: Morgan Stanley price target
• Positive Sentiment: Bernstein also lifted its price target on Chevron amid a stronger crude backdrop, reinforcing the narrative that majors benefit from the current oil rally. MSN: Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2026/FY2027 EPS forecasts for Chevron, reflecting better-than-expected earnings power as oil prices stay elevated. MarketBeat: Erste Group EPS revisions
• Positive Sentiment: Market positioning has shifted to defensive, dividend-paying sectors; several market roundups note oil majors including CVX outperforming amid geopolitical risk. Seeking Alpha: Market shifts to defense
• Positive Sentiment: Multiple outlets and analysts praise Chevron’s low breakeven, high-quality asset base and dividend profile, which supports momentum and income-focused buying. Zacks: Chevron momentum
• Neutral Sentiment: Chevron reported production outages at its Australian Gorgon and Wheatstone facilities tied to the cyclone — positive for global price signals but a near-term hit to CVX production, leaving the net impact mixed. Reuters: Chevron outage
• Neutral Sentiment: Consensus brokerage coverage remains around "hold" even as some firms raise targets — suggests upside is recognized but some caution persists. AmericanBankingNews: Consensus hold
• Negative Sentiment: Political/insider optics: a U.S. Representative who publicly backed military action sold Chevron stock at all-time highs, drawing negative headlines and governance/PR risk. Benzinga: Congressman sold Chevron stock
• Negative Sentiment: Analyst commentary raises macro risk scenarios (e.g., high oil in $130–$140 range) that could hurt economic growth and introduce volatility—even if commodity-linked cash flows initially rise. Seeking Alpha: $130-$140 oil risks

Insider Activity at Chevron

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 11,337 shares of the company's stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of the business's stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the sale, the chief financial officer directly owned 4,366 shares in the company, valued at $764,093.66. This trade represents a 88.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CVX. Wall Street Zen upgraded Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target on the stock in a research report on Tuesday, January 20th. BMO Capital Markets reissued an "outperform" rating and issued a $190.00 price objective on shares of Chevron in a report on Monday, February 2nd. Wells Fargo & Company raised their price objective on shares of Chevron from $196.00 to $204.00 and gave the stock an "overweight" rating in a research report on Monday, February 2nd. Finally, Piper Sandler lifted their target price on shares of Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $186.50.

Chevron 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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