Archvest Wealth Advisors Inc. Boosts Stock Holdings in Chevron Corporation $CVX

Archvest Wealth Advisors Inc. raised its position in shares of Chevron Corporation (NYSE:CVX) by 747.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,863 shares of the oil and gas company’s stock after purchasing an additional 17,519 shares during the quarter. Chevron comprises about 0.9% of Archvest Wealth Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Archvest Wealth Advisors Inc.’s holdings in Chevron were worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. Norges Bank purchased a new stake in shares of Chevron during the fourth quarter valued at $3,727,586,000. State Street Corp grew its holdings in shares of Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares during the last quarter. Primecap Management Co. CA purchased a new position in Chevron in the 3rd quarter worth about $988,083,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Chevron by 822.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,211,258 shares of the oil and gas company’s stock worth $946,658,000 after buying an additional 5,537,580 shares during the period. 72.42% of the stock is owned by institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s Argentina growth plans are drawing attention after the company applied for the country’s tax incentive program tied to a proposed $13.8 billion Vaca Muerta oil project. The move signals a major long-term investment in one of the world’s largest shale plays and could expand Chevron’s production base if approved. Reuters article
• Positive Sentiment: Wall Street commentary has turned more constructive on Chevron (CVX), with reports noting bullish analyst views and a higher price target from Barclays. That kind of sentiment often helps investors view the stock as undervalued relative to its cash generation and dividend profile. Yahoo Finance article
• Positive Sentiment: Chevron was also highlighted in a piece on high-yield dividend stocks, reinforcing its appeal to income-focused investors. With its steady payout and integrated business model, CVX continues to be seen as a defensive energy name. Blockonomi article
• Positive Sentiment: A broader feature on energy stocks tied to the AI power boom argued that Chevron could benefit from rising electricity demand through long-term gas supply relationships and its large-scale energy infrastructure. That supports the view that CVX has exposure beyond just oil prices. MarketBeat feature
• Neutral Sentiment: Recent governance and leadership updates, including the planned legal chief transition and shareholder votes on proposals, appear to confirm continuity rather than create a major new catalyst for the stock. Yahoo Finance article

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CVX shares. Zacks Research raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 3rd. TD Cowen boosted their price target on Chevron from $204.00 to $205.00 and gave the company a “hold” rating in a report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. Piper Sandler lifted their price objective on Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, Weiss Ratings cut Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus price target of $205.70.

Chevron Trading Up 1.3%

Shares of CVX opened at $190.00 on Thursday. Chevron Corporation has a 12-month low of $136.70 and a 12-month high of $214.71. The firm has a 50-day moving average price of $191.38 and a 200 day moving average price of $176.53. The firm has a market capitalization of $378.41 billion, a P/E ratio of 32.93, a P/E/G ratio of 0.62 and a beta of 0.48. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. During the same period in the prior year, the business posted $2.18 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Chevron Corporation will post 15.74 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is presently 123.40%.

Insiders Place Their Bets

In other news, insider R. Hewitt Pate sold 40,200 shares of the company’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the transaction, the insider directly owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. This represents a 82.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Hess sold 380,000 shares of the company’s 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 completion of the transaction, the director directly owned 278,045 shares of the company’s stock, valued at $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 662,400 shares of company stock worth $127,090,824 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

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.