Transcend Capital Advisors LLC Sells 5,407 Shares of Chevron Corporation $CVX

Key Points

• Transcend Capital Advisors LLC cut its Chevron stake by 20.2% in Q4, selling 5,407 shares and ending the quarter with 21,347 shares worth $3.253 million.
• Chevron increased its quarterly dividend to $1.78 (annualized $7.12), implying a yield of about 3.7% while the payout ratio is 106.91%.
• Heavy insider selling has been reported recently — Vice Chairman Mark A. Nelson sold 139,600 shares for roughly $26.2 million, and insiders sold 782,607 shares (≈$146.5 million) over the past 90 days.

Transcend Capital Advisors LLC lessened its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,347 shares of the oil and gas company's stock after selling 5,407 shares during the quarter. Transcend Capital Advisors LLC's holdings in Chevron were worth $3,253,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. High Net Worth Advisory Group LLC lifted its position in Chevron by 13.8% in the 4th quarter. High Net Worth Advisory Group LLC now owns 10,753 shares of the oil and gas company's stock worth $1,639,000 after buying an additional 1,303 shares during the last quarter. Whitener Capital Management Inc. lifted its position in Chevron by 0.5% in the 4th quarter. Whitener Capital Management Inc. now owns 23,351 shares of the oil and gas company's stock worth $3,559,000 after buying an additional 124 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its position in Chevron by 0.8% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 264,553 shares of the oil and gas company's stock worth $40,320,000 after buying an additional 2,101 shares during the last quarter. Gilliland Jeter Wealth Management LLC lifted its position in Chevron by 1.1% in the 4th quarter. Gilliland Jeter Wealth Management LLC now owns 25,501 shares of the oil and gas company's stock worth $3,887,000 after buying an additional 273 shares during the last quarter. Finally, Aua Capital Management LLC lifted its position in Chevron by 66.5% in the 4th quarter. Aua Capital Management LLC now owns 3,915 shares of the oil and gas company's stock worth $597,000 after buying an additional 1,564 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Price Performance

Shares of Chevron stock opened at $191.54 on Tuesday. 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 business's 50 day simple moving average is $191.85 and its two-hundred day simple moving average is $168.33. The stock has a market capitalization of $381.61 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.40 and a beta of 0.60. Chevron Corporation has a one year low of $132.33 and a one year high of $214.71.

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, topping analysts' consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion for the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. Analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

Insiders Place Their Bets

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares of the company's stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 22,200 shares of Chevron stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total value of $3,918,966.00. Following the completion of the transaction, the insider directly owned 666 shares in the company, valued at $117,568.98. This trade represents a 97.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 782,607 shares of company stock worth $146,510,571. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of recent research reports. BMO Capital Markets restated an "outperform" rating and issued a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. HSBC upgraded Chevron from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Friday, March 20th. Wall Street Zen upgraded Chevron from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Argus set a $203.00 target price on Chevron in a research report on Tuesday, February 3rd. Finally, TD Cowen dropped their target price on Chevron from $214.00 to $204.00 and set a "hold" rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $192.79.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed an asset-swap with PDVSA that increases its working interest in the Petroindependencia JV by 13.21%, consolidating its heavy‑oil footprint in Venezuela and improving long‑term production and reserve optionality. Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap
• Positive Sentiment: Independent reporting says Chevron is set to sign deals to expand in Venezuela (Orinoco heavy crude and return of an offshore gas field), reinforcing the view that the company will grow production exposure there as sanctions ease. Chevron, Shell to sign agreements for oil, gas areas in Venezuela, sources say
• Positive Sentiment: Filings show Berkshire Hathaway is increasing its Chevron stake, a high‑profile vote of confidence that can attract long‑term investor interest. Berkshire Hathaway Is Loading Up on These 4 Stocks. Here’s Why
• Positive Sentiment: Royal Bank of Canada raised its CVX price target to $220 with an Outperform, providing fresh analyst upside and support for the rally. Read More
• Neutral Sentiment: Energy sector action is mixed today — broader group weakness could limit sector momentum even as oil‑sensitive names like Chevron benefit from episodic price spikes. Sector Update: Energy Stocks Mixed Late Afternoon
• Neutral Sentiment: Increased retail/investor attention (searches and coverage) is driving volume and volatility; that can amplify moves but is not a standalone fundamental change. Investors Heavily Search Chevron Corporation (CVX): Here is What You Need to Know
• Negative Sentiment: Some analysts caution upside is tempered by near‑term earnings headwinds and mixed quarterly revenue trends; TD Cowen has taken a more cautious stance (Hold), noting risks to short‑term results. Chevron: Near-Term Earnings Headwinds Temper Upside Despite Oil Leverage and Capital Returns

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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