ACT Capital Management LLC Acquires New Position in Chevron Corporation $CVX

ACT Capital Management LLC bought a new stake in Chevron Corporation (NYSE:CVX) during the 4th quarter, Holdings Channel reports. The firm bought 78,500 shares of the oil and gas company’s stock, valued at approximately $11,964,000. Chevron accounts for about 9.7% of ACT Capital Management LLC’s portfolio, making the stock its 2nd largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dakota Wealth Management boosted its holdings in Chevron by 14.9% in the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after purchasing an additional 10,822 shares during the last quarter. Brooklyn FI LLC acquired a new position in Chevron in the 3rd quarter valued at about $431,000. Clear Trail Advisors LLC acquired a new position in Chevron in the 4th quarter valued at about $10,167,000. Finemark National Bank & Trust boosted its holdings in Chevron by 40.3% in the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after purchasing an additional 16,243 shares during the last quarter. Finally, Curtis Advisory Group LLC acquired a new position in shares of Chevron in the 4th quarter worth approximately $1,381,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

Chevron stock opened at $177.44 on Thursday. The firm has a market cap of $353.40 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.48. Chevron Corporation has a 52-week low of $142.40 and a 52-week high of $214.71. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $187.58 and its two-hundred day moving average is $178.90.

Chevron (NYSE:CVX) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same period in the prior year, the business earned $2.18 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts expect that Chevron Corporation will post 15.88 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were given a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.0%. Chevron’s dividend payout ratio is currently 123.40%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron received a Buy rating from Jefferies, which supports the stock’s longer-term outlook and suggests analysts still see value in the shares. Article Title
• Positive Sentiment: Chevron secured a strategic entry into Greece’s Offshore Block 10, expanding its exploration footprint in the Eastern Mediterranean and adding a potential growth avenue. Article Title
• Neutral Sentiment: Chevron’s CEO reiterated that the investment case is not just about oil prices, pointing investors toward dividends, cash flow, and portfolio strength rather than only near-term crude moves. Article Title
• Neutral Sentiment: Several articles noted Chevron is in a wait-and-see zone after a strong run, with investors watching cash flow and dividend durability as the stock trades below its recent peak. Article Title
• Negative Sentiment: Chevron is being hit by a fall in crude prices tied to easing Middle East supply tensions, which can reduce upstream earnings expectations for an integrated oil major. Article Title
• Negative Sentiment: Market commentary also points to a broader rotation out of Big Oil and into consumer stocks as fuel costs decline, adding near-term pressure on Chevron shares. Article Title
• Negative Sentiment: Recent coverage on California refiners showed profit margins expanding sharply, which could keep attention on the refining segment but also highlights volatile industry economics rather than a clear tailwind for CVX. Article Title

Analyst Ratings Changes

CVX has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Chevron from $218.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Piper Sandler upped their price objective on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. TD Cowen upped their price objective on shares of Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, May 8th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, March 20th. Finally, Morgan Stanley upped their price objective on shares of Chevron from $212.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.70.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the sale, the director directly owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. This represents a 57.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider R. Hewitt Pate sold 40,200 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider directly owned 8,638 shares in the company, valued at approximately $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 615,200 shares of company stock worth $118,022,760. Insiders own 0.56% of the company’s stock.

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.