Vivid Wealth Management LLC Takes Position in Chevron Corporation $CVX

Key Points

• Vivid Wealth Management opened a new position in Chevron during the first quarter, buying 14,181 shares worth about $2.93 million. The stake makes Chevron roughly 1.2% of the firm’s portfolio and its 19th-largest holding.
• Chevron saw continued institutional and analyst support, with 72.42% of shares owned by institutions and multiple firms recently raising or reaffirming positive ratings. The consensus analyst view remains Moderate Buy with a target price of $205.71.
• The company reported quarterly EPS of $1.41, beating estimates, and paid a quarterly dividend of $1.78 per share for a 4.2% yield. Recent headlines also point to an upcoming earnings call as a key catalyst, while political pressure on Big Oil could create near-term uncertainty.

Vivid Wealth Management LLC purchased a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,181 shares of the oil and gas company's stock, valued at approximately $2,934,000. Chevron makes up approximately 1.2% of Vivid Wealth Management LLC's portfolio, making the stock its 19th largest holding.

Other hedge funds have also bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron in the first quarter valued at approximately $25,000. Core Wealth Advisors LLC bought a new position in Chevron during the 4th quarter worth $26,000. Phillip James Consulting Co. acquired a new position in Chevron in the 4th quarter valued at $26,000. Basso Capital Management L.P. acquired a new position in Chevron in the 4th quarter valued at $27,000. Finally, Karpus Management Inc. bought a new stake in shares of Chevron during the 4th quarter valued at $27,000. 72.42% of the stock is owned by institutional investors.

Insider Transactions at Chevron

In related news, Director John B. Hess sold 380,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the transaction, the director owned 278,045 shares of the company's stock, valued at $53,718,294. This represents a 57.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company raised their price target on Chevron from $204.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. TD Cowen increased their price objective on shares of Chevron from $204.00 to $205.00 and gave the stock a "hold" rating in a research note on Friday, May 8th. Scotiabank raised their target price on shares of Chevron from $168.00 to $187.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. Zacks Research cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Finally, Tudor Pickering raised shares of Chevron from a "hold" rating to a "buy" rating and set a $225.00 price target for the company in a report on Thursday, April 9th. Nineteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.71.

Chevron Stock Performance

NYSE:CVX opened at $169.06 on Monday. The stock's 50-day simple moving average is $183.31 and its 200 day simple moving average is $180.61. The firm has a market capitalization of $336.71 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.50. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Chevron Corporation has a twelve month low of $145.58 and a twelve month high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.00 by $0.41. The firm had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 earnings per share. On average, analysts anticipate that Chevron Corporation will post 15.52 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were issued a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $7.12 annualized dividend and a dividend yield of 4.2%. Chevron's payout ratio is 123.40%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wolfe Research upgraded Chevron to Outperform, saying the recent pullback has created an attractive entry point and that Chevron’s long-term free cash flow outlook is stronger than the market is pricing in. Wolfe Research upgrades Chevron to Outperform on strong cash flow outlook
• Positive Sentiment: RBC Capital also reaffirmed its Buy rating on Chevron, adding to the positive analyst tone around the stock. RBC Capital Reaffirms Their Buy Rating on Chevron (CVX)
• Neutral Sentiment: Several market updates highlighted Chevron’s strong cash generation, solid returns, and ongoing investor interest, while noting the stock may be near fair value rather than deeply discounted. Chevron (CVX) Stock Looks Near Fair Value With Strong Returns But Rich Earnings
• Neutral Sentiment: Chevron remains in focus ahead of its second-quarter earnings conference call later this month, which could become the next major catalyst for the shares. Advisory: Chevron Corporation's 2Q 2026 Earnings Conference Call and Webcast
• Negative Sentiment: A New York Post report said President Trump is pressuring Big Oil to lower gas prices ahead of the midterm elections, which could raise concerns about margin pressure or political scrutiny for Chevron and peers. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

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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