Turtle Creek Wealth Advisors LLC Buys 6,229 Shares of Chevron Corporation $CVX

Key Points

• Turtle Creek Wealth Advisors increased its stake in Chevron by 32.7% in Q4, buying 6,229 shares to hold 25,279 shares valued at about $3.85 million.
• Analysts are broadly bullish: the stock has an average rating of “Moderate Buy” with an average target price of $198.09 after multiple upgrades from firms including Jefferies, HSBC, Piper Sandler and JPMorgan.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.8% yield), but insiders have been net sellers recently — the CEO sold ~272,624 shares and insiders sold 779,407 shares over the past 90 days.

Turtle Creek Wealth Advisors LLC grew its stake in Chevron Corporation (NYSE:CVX - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,279 shares of the oil and gas company's stock after acquiring an additional 6,229 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in Chevron were worth $3,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CVX. Decker Retirement Planning Inc. bought a new stake in shares of Chevron in the 3rd quarter valued at about $34,000. Marquette Asset Management LLC bought a new stake in shares of Chevron in the 3rd quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC increased its stake in shares of Chevron by 306.1% in the 3rd 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 during the last quarter. Daytona Street Capital LLC bought a new stake in shares of Chevron in the 4th quarter valued at about $44,000. Finally, Maseco LLP bought a new stake in shares of Chevron in the 4th quarter valued at about $49,000. 72.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price target on Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a research note on Wednesday, January 14th. HSBC raised Chevron from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research note on Friday, March 20th. Piper Sandler increased their target price on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Sanford C. Bernstein increased their target price on Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. raised Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price for the company in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $198.09.

Chevron Price Performance

NYSE CVX opened at $187.67 on Friday. The stock has a market cap of $373.90 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 0.78 and a beta of 0.60. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71. The business has a 50 day simple moving average of $192.53 and a 200 day simple moving average of $169.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The company 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%. The business's quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the business earned $2.06 EPS. Analysts anticipate that Chevron Corporation will post 12.49 earnings per share for the current fiscal year.

Chevron Increases Dividend

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

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the transaction, the chief executive officer directly owned 31,266 shares of the company's stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of the firm's stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer directly owned 4,366 shares of the company's stock, valued at $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 779,407 shares of company stock worth $145,972,971. 0.56% of the stock is currently owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wheatstone LNG has returned to full production after repairs from cyclone damage, removing a near-term supply disruption and restoring expected cash flow from the asset. This reduces short-term outage risk for Chevron’s LNG revenues. Chevron resumes full production at Wheatstone LNG after repairs for cyclone damage
• Positive Sentiment: Continued high-profile investor support: articles highlight Warren Buffett’s long-standing and growing stake, reinforcing confidence in Chevron’s cash returns, buybacks and dividend reliability—a sentiment boost for income-focused investors. Deepening Growth Pipeline Sustains Warren Buffett’s Confidence In Chevron (CVX)
• Positive Sentiment: Chevron expanded its stakes in Venezuelan heavy-oil operations via an asset-swap agreement, potentially increasing long-term production upside if geopolitical/legal tail risks continue to ease—adds reserve optionality and upside to future production. Chevron Corporation (CVX) Expands Stakes in Venezuela Oil Operations
• Positive Sentiment: Analyst and industry recognition: multiple analyst write-ups (Zacks, BNP Paribas coverage) and inclusion on "old-economy" buy lists emphasize strong earnings outlook and potential further upside, supporting bullish investor positioning. Buy 5 High-Flying Old Economy Stocks of 2026 With More Room to Run
• Neutral Sentiment: Sector tailwind: the NYSE Energy Sector Index is higher, which can lift CVX alongside peers but also reflects commodity-driven moves rather than company-specific fundamentals. Sector Update: Energy Stocks Rise Thursday
• Neutral Sentiment: Scotiabank raised its price target to $187 but kept a "sector perform" rating, which signals limited near-term upside implied by that shop’s view despite the higher target—mixed signal for momentum traders. Scotiabank raises price target on Chevron
• Negative Sentiment: Operational/environmental risk: Chevron reported a crude oil spill at its Pasadena, Texas refinery. Spills can lead to cleanup costs, regulatory scrutiny and temporary reputation/operational impacts—a near-term negative for sentiment and potential costs. Chevron refinery in Pasadena, Texas reports crude oil spill

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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