Portus Wealth Advisors LLC Purchases New Shares in Chevron Corporation $CVX

Portus Wealth Advisors LLC acquired a new position in Chevron Corporation (NYSE:CVX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,318 shares of the oil and gas company’s stock, valued at approximately $1,136,000. Chevron accounts for about 1.1% of Portus Wealth Advisors LLC’s portfolio, making the stock its 27th largest holding.

Several other hedge funds have also modified their holdings of the company. Centaurus Financial Inc. increased its stake in shares of Chevron by 6.2% in the 3rd quarter. Centaurus Financial Inc. now owns 12,179 shares of the oil and gas company’s stock valued at $1,891,000 after purchasing an additional 714 shares in the last quarter. Asset Dedication LLC boosted its position in Chevron by 1.6% during the third quarter. Asset Dedication LLC now owns 14,964 shares of the oil and gas company’s stock worth $2,324,000 after purchasing an additional 234 shares in the last quarter. Caerus Investment Advisors LLC purchased a new position in Chevron during the third quarter worth approximately $783,000. First Commonwealth Financial Corp PA grew its holdings in Chevron by 11.4% in the third quarter. First Commonwealth Financial Corp PA now owns 9,254 shares of the oil and gas company’s stock valued at $1,437,000 after purchasing an additional 950 shares during the period. Finally, Auxier Asset Management LLC grew its holdings in Chevron by 0.4% in the third quarter. Auxier Asset Management LLC now owns 26,195 shares of the oil and gas company’s stock valued at $4,068,000 after purchasing an additional 94 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chevron news, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the sale, the chief financial officer directly owned 4,366 shares in the company, valued at $764,093.66. This represents a 88.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael K. Wirth sold 320,700 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. This trade represents a 95.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,099,397 shares of company stock worth $196,196,468. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Scotiabank reissued a “sector perform” rating and issued a $168.00 price target on shares of Chevron in a research note on Friday, January 16th. Piper Sandler boosted their price target on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. UBS Group restated a “buy” rating and set a $212.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Finally, HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $183.18.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is reportedly in advanced negotiations to acquire a 30% stake in Ultrapar’s Ipiranga unit, expanding its retail and fuel-market footprint in Brazil — a strategic growth move in a large, high-margin market. Chevron in Advanced Negotiations to Buy 30% Stake in Ipiranga
• Positive Sentiment: Mizuho raised its price target on CVX to $217 and assigned an “outperform” rating, signaling institutional confidence and providing upside thesis support for the stock. Mizuho price target raise
• Positive Sentiment: WTI and Brent oil prices rose amid doubts about a U.S.-led coalition to secure Strait of Hormuz shipping, which typically benefits large integrated oil names like Chevron through higher commodity realizations. Oil jumps over 2%
• Positive Sentiment: Chevron awarded a FEED contract for the Aphrodite gas field in Cyprus, advancing its Eastern Mediterranean gas development pipeline and long-term production optionality. Chevron Advances Cyprus’ Aphrodite Gas Field Development
• Neutral Sentiment: Coverage pieces note Chevron’s size as a large dividend payer and buyback issuer, reinforcing its appeal to income-focused investors but not a near-term price catalyst on its own. Does Chevron pay dividends?
• Neutral Sentiment: Wider market commentary highlights volatility from the Middle East conflict; this creates both upside from higher oil and downside risk from disrupted trade—mixed for CVX. Market Chatter
• Negative Sentiment: Chevron agreed to pay just over $1M and retire ~2M renewable fuel credits to settle alleged violations under the Renewable Fuel Standard — a modest financial hit but a regulatory / compliance headline. Chevron Hit With $1 Million Penalty
• Negative Sentiment: WSJ reporting on CIA dealings with an ex-Chevron executive raises reputational questions around industry-government ties; potential PR and oversight risks could concern some investors. Takeaways From WSJ Reporting
• Negative Sentiment: Barclays’ price-target move to $180 with an “equal weight” rating implies limited near-term upside from that shop’s view and contrasts with the more bullish Mizuho call — adding conflicting analyst signals. Barclays price target change

Chevron Stock Performance

CVX opened at $197.97 on Wednesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $200.58. The firm has a market capitalization of $395.02 billion, a PE ratio of 29.73, a PEG ratio of 1.82 and a beta of 0.67. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $178.82 and its 200 day moving average price is $162.60.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. Chevron’s quarterly revenue was down 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s payout ratio is 106.91%.

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.