Chevron Corporation $CVX Shares Bought by Advocate Group LLC

Advocate Group LLC raised its holdings in Chevron Corporation (NYSE:CVX) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,472 shares of the oil and gas company’s stock after acquiring an additional 5,398 shares during the quarter. Chevron comprises approximately 1.8% of Advocate Group LLC’s investment portfolio, making the stock its 11th largest holding. Advocate Group LLC’s holdings in Chevron were worth $10,893,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Decker Retirement Planning Inc. purchased a new position in Chevron in the third quarter valued at $34,000. Marquette Asset Management LLC purchased a new stake in Chevron during the 3rd quarter worth about $41,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 202 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in Chevron in the 3rd quarter valued at about $49,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Chevron in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CVX shares. Bank of America boosted their price objective on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Barclays raised their target price on shares of Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. TD Cowen increased their price objective on shares of Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $187.64.

Insider Activity

In related news, insider Alana K. Knowles sold 2,408 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,139,597 shares of company stock worth $204,771,128 over the last three months. Company insiders own 0.21% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil price surge tied to Iran conflict and Strait of Hormuz concerns lifts revenue outlook for integrated producers like Chevron. Oil Spikes Above $109…
• Positive Sentiment: Citigroup raised its CVX price target to $235 and kept a “buy” rating — an analyst catalyst that can attract buying interest. Benzinga
• Positive Sentiment: Chevron confirmed exclusive talks with Microsoft and Engine No. 1 for a potential $7B, 2,500 MW West Texas gas‑to‑power project to supply AI data centers — ties Chevron’s gas business to long-term cloud/AI demand and higher‑margin power contracts. Chevron Taps AI Power Demand
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea, adding medium‑term production growth potential. Aseng FID
• Positive Sentiment: Multiple analyst upgrades and price‑target increases (Morgan Stanley, Mizuho, Zacks coverage and bullish commentary) are improving sentiment and valuation support. Analyst Upgrades
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — a point of potential short‑term volatility when results and guidance are released. Earnings Call Advisory
• Neutral Sentiment: Operational improvements — Chevron is expanding robotics and drone inspections to cut costs and improve safety; positive long‑term but gradual in near‑term impact. Robotics Strategy
• Negative Sentiment: Analysis arguing oil stocks may be “tapped out” despite recent crude strength suggests multiples could be constrained if market rotation resumes, limiting upside. Barron’s — Oil Stocks Tapped Out
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, creating near‑term LNG supply and delivery uncertainty that could pressure related earnings. Wheatstone LNG Outage
• Negative Sentiment: Insider R. Hewitt Pate sold 40,200 shares (late March); while common in large firms, large insider sales can be perceived negatively by investors. SEC Form 4 — Insider Sale

Chevron Stock Performance

Shares of CVX opened at $198.77 on Friday. The stock has a 50 day moving average price of $189.15 and a 200 day moving average price of $166.77. 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 market capitalization of $396.63 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $214.71.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Research analysts predict 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 paid a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.6%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is 106.91%.

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.