Brookstone Capital Management Sells 3,416 Shares of Chevron Corporation $CVX

Brookstone Capital Management cut its holdings in Chevron Corporation (NYSE:CVX) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,370 shares of the oil and gas company’s stock after selling 3,416 shares during the quarter. Brookstone Capital Management’s holdings in Chevron were worth $26,974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Phillip James Consulting Co. bought a new stake in shares of Chevron in the 4th quarter valued at about $26,000. Core Wealth Advisors LLC bought a new position in shares of Chevron during the fourth quarter valued at approximately $26,000. Karpus Management Inc. bought a new position in shares of Chevron during the fourth quarter valued at approximately $27,000. Basso Capital Management L.P. purchased a new position in Chevron during the fourth quarter valued at approximately $27,000. Finally, Quattro Advisors LLC purchased a new position in Chevron during the fourth quarter valued at approximately $27,000. 72.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chevron

In other news, insider R. Hewitt Pate sold 40,200 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the sale, the insider directly owned 8,638 shares of the company’s stock, valued at $1,842,485.40. This represents a 82.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares in the company, valued at $53,718,294. The trade was a 57.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 615,200 shares of company stock worth $118,022,760 over the last ninety days. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CVX. Zacks Research lowered Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. UBS Group boosted their price target on Chevron from $218.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 price target on shares of Chevron in a research report on Tuesday, May 5th. Finally, Barclays upped their price objective on Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.70.

Chevron Trading Up 0.7%

Chevron stock opened at $174.87 on Tuesday. The stock has a 50-day moving average of $186.32 and a two-hundred day moving average of $179.37. The stock has a market cap of $348.27 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 0.57 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. Chevron Corporation has a one year low of $142.40 and a one year high of $214.71.

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

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were given a $1.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 4.1%. Chevron’s dividend payout ratio is currently 123.40%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron signed a 20-year agreement with Microsoft to help power Project Kilby, a planned 2.67-gigawatt data center campus in West Texas. The deal could create a steadier, long-duration revenue stream and positions Chevron as a beneficiary of rising AI-related electricity demand. Chevron signs power supply deal with Microsoft for Texas data center
• Positive Sentiment: The project highlights Chevron’s move beyond traditional oil and gas into lower-volatility, infrastructure-like cash flows tied to AI data center power needs. That strategic shift has been viewed favorably by investors looking for growth outside commodity swings. Chevron Signs 20-year Deal to Power Microsoft’s AI Data Centers
• Neutral Sentiment: Separately, reports noted that Treasury issued a temporary license allowing Iranian oil sales, which could affect global crude supply and energy pricing, but the immediate impact on Chevron’s stock appears secondary to the Microsoft deal. Treasury Issues 60-Day License for Iranian Oil Sales Following Switzerland Talks

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.