Nisa Investment Advisors LLC Reduces Holdings in Chevron Corporation $CVX

Nisa Investment Advisors LLC trimmed its holdings in shares of Chevron Corporation (NYSE:CVX) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 543,341 shares of the oil and gas company’s stock after selling 3,982 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Chevron were worth $82,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CVX. Fifth Third Wealth Advisors LLC raised its position in Chevron by 1.9% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 49,267 shares of the oil and gas company’s stock worth $7,509,000 after acquiring an additional 930 shares during the period. Shrier Wealth Management LLC bought a new stake in shares of Chevron during the 4th quarter valued at $2,858,000. Brady Martz Wealth Solutions LLC grew its position in shares of Chevron by 2.0% during the 4th quarter. Brady Martz Wealth Solutions LLC now owns 13,448 shares of the oil and gas company’s stock valued at $2,050,000 after acquiring an additional 261 shares during the period. Jamison Private Wealth Management Inc. increased its stake in shares of Chevron by 3.3% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 57,378 shares of the oil and gas company’s stock worth $8,745,000 after purchasing an additional 1,828 shares in the last quarter. Finally, Foster & Motley Inc. increased its stake in shares of Chevron by 2.7% in the 4th quarter. Foster & Motley Inc. now owns 37,674 shares of the oil and gas company’s stock worth $5,742,000 after purchasing an additional 991 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chevron news, insider R. Hewitt Pate sold 47,200 shares of Chevron stock in a transaction on Friday, March 6th. The shares were sold at an average price of $192.12, for a total value of $9,068,064.00. Following the completion of the transaction, the insider directly owned 8,558 shares of the company’s stock, valued at $1,644,162.96. This trade represents a 84.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,099,397 shares of company stock valued at $196,196,468 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Chevron Price Performance

Shares of Chevron stock opened at $206.81 on Wednesday. The stock has a 50 day moving average of $187.24 and a 200 day moving average of $165.98. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $214.71. The firm has a market cap of $412.67 billion, a PE ratio of 31.05, a PEG ratio of 1.67 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.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS. On average, research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given 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 yield of 3.4%. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil and gas prices improves near‑term revenue/cash flow potential for integrated producers like Chevron; markets closed March with a historic monthly oil-price surge. Oil Prices Post Biggest Monthly Surge in History
• Positive Sentiment: Chevron announced a partnership with Libya’s National Oil Corporation to assess offshore exploration, which could unlock reserves and future production upside. Chevron Partners With Libya’s NOC to Unlock Offshore Potential
• Positive Sentiment: Microsoft is reportedly in talks with Chevron and Engine No. 1 about a roughly $7 billion Texas power plant project — this signals Chevron’s involvement in large-scale power/energy-transition infrastructure and potential new revenue streams. Microsoft in talks with Chevron, Engine No. 1 about $7B Texas power plant – Bloomberg
• Positive Sentiment: Wall Street interest and analyst support remain; J.P. Morgan and other coverage highlight Chevron’s strong cash‑flow profile (Tengizchevroil ramp-up), and Berkshire Hathaway remains a large shareholder — factors that support investor demand. Chevron: Leveraging Tengizchevroil’s Ramp-Up and Long-Lived Franchise Strength…
• Neutral Sentiment: Chevron announced senior leadership changes framed as operational and safety-focused; these typically matter more for long-term execution than for immediate stock moves. Chevron Announces Senior Leadership Changes
• Neutral Sentiment: There are bullish commentary pieces suggesting momentum and buy-the-dip interest, but these are sentiment/analysis items rather than company-specific catalysts. Oil Prices Are Near Multiyear Highs. Here’s the Best Energy Stock to Buy With $1,000.
• Negative Sentiment: Wheatstone LNG downstream assets in Western Australia suffered extensive cyclone damage; Chevron says the facility will be offline for a number of weeks — lost volumes, repair costs and operational uncertainty are near-term negatives for earnings and cash flow. Chevron’s downstream assets at Wheatstone gas facility suffer extensive damage due to cyclone
• Negative Sentiment: Chevron warned it may be forced to close California gas plants within a decade under current state policy — a regulatory risk that could reduce refining and power assets in a key domestic market. ‘We Won’t Be Able To Make It’ — After 140 Years In California, Chevron May Have To Close Its Gas Plants

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CVX. Bank of America lifted their target price on Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday, March 20th. Barclays raised their price objective on Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $186.50.

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.