Beacon Investment Advisory Services Inc. Has $850,000 Stock Position in Chevron Corporation $CVX

Beacon Investment Advisory Services Inc. reduced its stake in Chevron Corporation (NYSE:CVX) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,578 shares of the oil and gas company’s stock after selling 3,063 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Chevron were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CVX. Decker Retirement Planning Inc. bought a new stake in Chevron in the third quarter valued at $34,000. Marquette Asset Management LLC bought a new position in shares of Chevron during the third quarter valued at $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 valued at $42,000 after acquiring an additional 202 shares during the period. Evolution Wealth Management Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at $49,000. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of Chevron in the 3rd quarter worth about $49,000. Institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts and investors continue to show upside conviction — Morgan Stanley/other outlets recently raised CVX price targets and Zacks upgraded the stock to a Buy, supporting longer-term demand. Chevron (CVX) Upgraded to Buy
• Positive Sentiment: Strategic commercial wins: Chevron is in exclusivity talks with Microsoft and Engine No. 1 on a potential $7B Texas power project that could de‑risk long‑term power supply contracts for AI/data centers. Microsoft, Chevron and Engine No. 1 sign exclusive deal
• Positive Sentiment: Production/asset growth: New partnerships (e.g., with Libya’s NOC) and long‑cycle projects (Tengizchevroil ramp) support medium‑term reserve and cash‑flow growth expectations. Chevron Partners With Libya’s NOC
• Neutral Sentiment: Market/sector flow: Energy ETFs and peers moved broadly today — sector weakness exacerbated CVX’s decline even as some outlets argue energy remains a long‑term buy. Sector Update: Energy Stocks Decline Pre-Bell
• Neutral Sentiment: Corporate governance/ops updates such as senior leadership changes are being monitored but are not the primary driver of today’s move. Chevron Announces Senior Leadership Changes
• Negative Sentiment: Geopolitical news reduced the oil risk premium — reports that Iran’s president may be prepared to end the conflict eased fears about prolonged supply disruption, pushing oil prices down and trimming CVX’s near‑term outlook. Trump Speaks Tonight on Iran War
• Negative Sentiment: Market reaction coverage: Several outlets reported large intraday drops for major oil majors (Exxon, Chevron) as the geopolitical premium unwound, amplifying selling pressure. Exxon Mobil and Chevron Fall 5%
• Negative Sentiment: Operational disruption risk: Cyclone damage forced extended outages at the Wheatstone LNG downstream assets, tightening near‑term LNG supply and adding earnings/delivery uncertainty for CVX. Wheatstone LNG Outage Tests Chevron

Analyst Ratings Changes

CVX has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Scotiabank raised shares of Chevron to a “hold” rating in a report on Friday, March 27th. Finally, Mizuho lifted their target price on shares of Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $186.50.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.21% of the stock is currently owned by company insiders.

Chevron Stock Down 4.5%

Shares of CVX opened at $197.59 on Thursday. The business’s fifty day moving average price is $187.86 and its two-hundred day moving average price is $166.20. The firm has a market capitalization of $394.26 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 1.72 and a beta of 0.59. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

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

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is currently 106.91%.

About Chevron

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.