Capital Advisors Inc. OK grew its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 639,556 shares of the oil and gas company’s stock after purchasing an additional 45,453 shares during the quarter. Chevron comprises 1.6% of Capital Advisors Inc. OK’s portfolio, making the stock its 12th biggest holding. Capital Advisors Inc. OK’s holdings in Chevron were worth $97,475,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in Chevron in the 3rd quarter valued at approximately $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron during the third quarter worth approximately $41,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Chevron by 306.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of Chevron in the second quarter valued at approximately $49,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Chevron in the third quarter worth $49,000. 72.42% of the stock is currently owned by institutional investors.
Chevron Stock Down 1.9%
Shares of CVX opened at $206.81 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $187.24 and a two-hundred day moving average price of $165.98. The stock has a market cap of $412.67 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.67 and a beta of 0.67. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $214.71.
Chevron Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is currently 106.91%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on CVX shares. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Wells Fargo & Company increased their price target on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Mizuho raised their price target on shares of Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Morgan Stanley boosted their price objective on shares of Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, Argus set a $203.00 price objective on shares of Chevron in a research report on Tuesday, February 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $186.50.
Get Our Latest Research Report on Chevron
Insider Transactions at Chevron
In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,099,397 shares of company stock valued at $196,196,468. 0.20% of the stock is owned by insiders.
Chevron News Summary
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
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.
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