Chevron Corporation $CVX Holdings Cut by Prudent Man Advisors LLC

Prudent Man Advisors LLC reduced its stake in Chevron Corporation (NYSE:CVX) by 44.1% in the third quarter, HoldingsChannel.com reports. The fund owned 3,987 shares of the oil and gas company’s stock after selling 3,150 shares during the quarter. Prudent Man Advisors LLC’s holdings in Chevron were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in CVX. Vanguard Group Inc. boosted its position in Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares during the period. Berkshire Hathaway Inc lifted its stake in Chevron by 2.9% in the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after buying an additional 3,454,258 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after buying an additional 1,342,723 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Chevron by 1.6% during the third quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company’s stock valued at $3,284,704,000 after acquiring an additional 325,255 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Chevron by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after acquiring an additional 4,279,918 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Trading Up 2.9%

Chevron stock opened at $191.73 on Thursday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $192.41. 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 stock has a market capitalization of $382.57 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.87 and a beta of 0.67. The firm has a 50 day simple moving average of $175.61 and a 200-day simple moving average of $161.50.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm 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 firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 earnings per share. As a group, equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s payout ratio is currently 106.91%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CVX. Barclays lifted their price objective on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. Morgan Stanley decreased their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Wells Fargo & Company raised their target price on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Chevron has an average rating of “Hold” and a consensus target price of $178.95.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 320,700 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the transaction, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. This trade represents a 95.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,614,466.70. This represents a 87.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,099,397 shares of company stock worth $196,196,468. Corporate insiders own 0.21% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is advancing a portfolio reshuffle including a Texas strategic move and major projects that analysts say improve valuation and operational focus — a structural story that supports longer‑term upside. Chevron Reshapes Global Portfolio And Valuation With Texas Move And Projects
• Positive Sentiment: Reports say Chevron (with Shell) is close to major oil production deals in Venezuela — reopening Venezuela could add material future volumes and cash flow if agreements are finalized. Chevron, Shell near first big oil production deals in Venezuela since Maduro’s capture – Reuters
• Positive Sentiment: Dividend support: Chevron paid a $1.78 quarterly dividend (a 4% raise), continuing a long streak of dividend growth—this underpins demand from income‑oriented investors. Chevron Pays $1.78 Dividend Today Backed by 39 Years of Unbroken Growth
• Positive Sentiment: Commercial wins and bidding activity (top spender at a Gulf of Mexico lease sale) signal continued investment in upstream optionality and reserve replacement. BP, Chevron are top spenders at small US Gulf of Mexico oil and gas auction
• Neutral Sentiment: IEA announced a record coordinated release of reserves but crude prices climbed anyway because Strait of Hormuz tensions raised supply‑risk — this keeps short‑term volatility high and makes energy names reactive to headlines. The IEA to Release Record Amount of Oil From Reserves. Why Crude Prices Are Higher.
• Negative Sentiment: Political move to tap the U.S. Strategic Petroleum Reserve (announced by the President) is bearish for oil prices if implemented — that prospect can cap oil upside and weigh on integrated producers. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Insider selling: a senior Chevron insider disclosed multiple recent sales (most recently ~47,200 shares), which some investors interpret as a cautionary sign even though sales can be routine or for diversification. SEC Form 4 – R. Hewitt Pate insider sale
• Negative Sentiment: Rapid headline‑driven swings (false/mixed government posts, talk of quick conflict resolution) have produced profit‑taking episodes that can push CVX below broader indices on down days. Chevron (CVX) Falls More Steeply Than Broader Market: What Investors Need to Know

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.