Cerity Partners LLC Reduces Holdings in Chevron Corporation $CVX

Cerity Partners LLC decreased its holdings in shares of Chevron Corporation (NYSE:CVX) by 6.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,204,393 shares of the oil and gas company’s stock after selling 81,432 shares during the period. Cerity Partners LLC’s holdings in Chevron were worth $183,562,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dakota Wealth Management lifted its holdings in shares of Chevron by 14.9% during the fourth quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock worth $12,690,000 after purchasing an additional 10,822 shares during the period. Brooklyn FI LLC acquired a new stake in shares of Chevron during the third quarter worth about $431,000. Clear Trail Advisors LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $10,167,000. Finemark National Bank & Trust lifted its holdings in shares of Chevron by 40.3% during the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after purchasing an additional 16,243 shares during the period. Finally, Curtis Advisory Group LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $1,381,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CVX. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $220.00 target price on shares of Chevron in a report on Tuesday, May 5th. Citigroup boosted their price target on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Tudor Pickering raised 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. Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.70.

Insider Buying and Selling

In other news, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director directly owned 278,045 shares in the company, valued at $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider R. Hewitt Pate sold 40,200 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 615,200 shares of company stock valued at $118,022,760 over the last 90 days. Company insiders own 0.56% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts and market commentary are pointing to Chevron as a strong long-term buy, citing its scale, integrated business model, and durable cash generation. Why Chevron (CVX) is a Top Stock for the Long-Term
• Positive Sentiment: Chevron was also highlighted as one of the better energy dividend stocks for income investors, with its payout seen as dependable amid oil-price volatility. Want Income? Buy These 3 Top Energy Dividend Stocks Now
• Positive Sentiment: Recent coverage of Chevron’s first-quarter results emphasized a 24% jump in U.S. production and $6 billion returned to shareholders through dividends and buybacks, reinforcing the company’s cash-return story. Q1 Results Are In: Chevron Boosted U.S. Production 24% and Returned $6 Billion to Shareholders. Is CVX Stock a Buy Now?
• Neutral Sentiment: Chevron was included in a Zacks analyst roundup alongside Micron and Quanta Services as a market idea, but the mention was broad and not tied to a fresh company-specific catalyst. The Zacks Analyst Blog Highlights Micron, Chevron and Quanta Services
• Neutral Sentiment: Other energy-sector pieces discussed oil pricing, LNG disruptions, and peers like Exxon Mobil and Matador, which frame the backdrop for Chevron but do not directly change the company’s outlook. Is XOM Worth Betting on at its Premium Price or Should Investors Wait?

Chevron Trading Up 1.0%

Shares of NYSE:CVX opened at $189.18 on Tuesday. Chevron Corporation has a 12-month low of $139.68 and a 12-month high of $214.71. The company has a market capitalization of $376.77 billion, a PE ratio of 32.79, a PEG ratio of 0.62 and a beta of 0.48. The business has a 50 day moving average of $190.29 and a two-hundred day moving average of $177.22. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. During the same period in the previous year, the company posted $2.18 earnings per share. Chevron’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts forecast that Chevron Corporation will post 15.74 EPS for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be given a $1.78 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. Chevron’s payout ratio is 123.40%.

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.