Chevron Corporation $CVX Shares Purchased by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC grew its position in shares of Chevron Corporation (NYSE:CVX) by 132.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,674 shares of the oil and gas company’s stock after purchasing an additional 14,078 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Chevron were worth $3,761,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. D.B. Root & Company LLC raised its holdings in shares of Chevron by 1.0% in the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock worth $846,000 after purchasing an additional 57 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Chevron by 6.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock worth $142,000 after buying an additional 59 shares during the period. MMA Asset Management LLC raised its position in Chevron by 3.4% during the fourth quarter. MMA Asset Management LLC now owns 1,820 shares of the oil and gas company’s stock valued at $277,000 after buying an additional 59 shares during the period. EWA LLC grew its stake in Chevron by 2.8% in the fourth quarter. EWA LLC now owns 2,182 shares of the oil and gas company’s stock valued at $333,000 after purchasing an additional 59 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in Chevron by 0.5% in the 4th quarter. Hantz Financial Services Inc. now owns 12,916 shares of the oil and gas company’s stock worth $1,969,000 after purchasing an additional 59 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CVX. Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 17th. Wells Fargo & Company upped their price target on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Sanford C. Bernstein dropped their price objective on Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Finally, HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.70.

Insiders Place Their Bets

In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction 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 owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. The trade was 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 shares were 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 of the company’s stock, valued at $53,718,294. This represents a 57.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 615,200 shares of company stock valued at $118,022,760 in the last ninety days. Company insiders own 0.56% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was highlighted as a durable long-term energy compounder, with analysts pointing to its scale, low exposure to the Middle East, attractive dividend profile, and the expected benefits from the Hess acquisition and a new long-term gas supply deal tied to AI data-center demand. Article Title
• Positive Sentiment: Chevron’s Argentina expansion plans could add meaningful growth, as the company seeks tax-incentive approval for a $13.8 billion Vaca Muerta investment, signaling confidence in a major shale asset and potential long-term production upside. Article Title
• Positive Sentiment: Chevron was also mentioned in a broader market piece as an energy stock benefiting from higher oil prices and Middle East tensions, which have supported the sector relative to the rest of the market. Article Title
• Neutral Sentiment: At a Bernstein conference, Chevron presented on its strategy, but the available summary did not include any new material catalyst strong enough to clearly move the stock. Article Title
• Negative Sentiment: Chevron’s CEO said the company will not deploy fresh capital in Venezuela next year unless the country lowers taxes and royalties, which underscores political and fiscal risk in that region and could delay investment there. Article Title
• Negative Sentiment: Chevron’s CEO also struck a cautious tone on oil investment and the economy, reflecting uncertainty around commodity prices and the broader macro backdrop. Article Title

Chevron Stock Performance

NYSE CVX opened at $188.35 on Friday. The company’s 50-day simple moving average is $191.01 and its 200 day simple moving average is $176.74. 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 stock has a market cap of $375.11 billion, a P/E ratio of 32.64, a PEG ratio of 0.63 and a beta of 0.48. Chevron Corporation has a twelve month low of $136.70 and a twelve month high of $214.71.

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, beating 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 firm had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. During the same period last year, the firm posted $2.18 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Chevron Corporation will post 15.74 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s payout ratio is 123.40%.

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.