Blue Water Asset Management Invests $609,000 in Chevron Corporation $CVX

Blue Water Asset Management bought a new position in Chevron Corporation (NYSE:CVX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,997 shares of the oil and gas company’s stock, valued at approximately $609,000.

Other institutional investors have also recently made changes to their positions in the company. Strategic Wealth Advisors LLC bought a new stake in shares of Chevron in the 4th quarter worth about $33,000. Daytona Street Capital LLC bought a new stake in shares of Chevron in the 4th quarter worth about $44,000. Maseco LLP bought a new stake in shares of Chevron in the 4th quarter worth about $49,000. Turning Point Benefit Group Inc. bought a new stake in shares of Chevron in the 3rd quarter worth about $49,000. Finally, High Point Wealth Management LLC bought a new stake in shares of Chevron in the 4th quarter worth about $53,000. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 2.3%

Shares of CVX opened at $190.91 on Friday. Chevron Corporation has a 1-year low of $133.77 and a 1-year high of $214.71. The company has a 50-day moving average of $193.14 and a 200 day moving average of $173.26. The firm has a market capitalization of $380.22 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 0.64 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The company had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. On average, research analysts expect that Chevron Corporation will post 15.23 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron’s dividend payout ratio (DPR) is 123.40%.

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 price objective on shares of Chevron in a report on Tuesday, May 5th. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, February 17th. Finally, Morgan Stanley lifted their price objective on shares of Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed to sell its Singapore refining stake and other Asia-Pacific downstream assets to ENEOS for roughly $2.17 billion, reinforcing its strategy to streamline the portfolio and potentially improve returns. Reuters article on ENEOS buying Chevron assets
• Positive Sentiment: Another report framed Chevron’s recent earnings as less weak than the headline numbers suggested, noting that the company’s share price did not fall sharply after the results, which may indicate investors are focusing on underlying cash generation and strategic actions rather than the revenue miss. Yahoo Finance article on Chevron earnings
• Neutral Sentiment: Market commentary this week also compared Chevron with TotalEnergies and discussed broader oil-sector themes, but those pieces were more about sector positioning than a direct new fundamental change for Chevron. Motley Fool comparison article
• Negative Sentiment: Chevron’s latest quarter was mixed, with earnings per share beating estimates but revenue coming in below expectations, which could temper enthusiasm if investors refocus on operating performance rather than asset sales. Chevron stock background

Insider Buying and Selling at Chevron

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the transaction, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Hess sold 195,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $184.78, for a total transaction of $36,032,100.00. Following the transaction, the director directly owned 658,045 shares in the company, valued at $121,593,555.10. This trade represents a 22.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 803,570 shares of company stock worth $151,969,798. 0.56% of the stock is currently owned by company insiders.

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.