Chevron Corporation $CVX Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its holdings in Chevron Corporation (NYSE:CVX) by 18.9% in the 4th quarter, Holdings Channel reports. The firm owned 30,012 shares of the oil and gas company’s stock after purchasing an additional 4,762 shares during the period. Cornerstone Wealth Management LLC’s holdings in Chevron were worth $4,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Strategic Wealth Advisors LLC acquired a new position in Chevron in the fourth quarter valued at $33,000. Daytona Street Capital LLC acquired a new stake in shares of Chevron during the fourth quarter worth about $44,000. Maseco LLP acquired a new stake in shares of Chevron during the fourth quarter worth about $49,000. Turning Point Benefit Group Inc. purchased a new position in shares of Chevron during the third quarter worth about $49,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Chevron during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 803,570 shares of company stock valued at $151,969,798 in the last three months. Insiders own 0.56% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $186.41 on Friday. Chevron Corporation has a 52 week low of $133.77 and a 52 week high of $214.71. The company has a 50-day moving average price of $193.04 and a 200 day moving average price of $173.13. The company has a market cap of $371.25 billion, a P/E ratio of 32.31, a PEG ratio of 0.63 and a beta of 0.51. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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 the consensus estimate of $1.00 by $0.41. The company had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.18 EPS. Research analysts predict that Chevron Corporation will post 15.23 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

Analysts Set New Price Targets

CVX has been the subject of several analyst reports. UBS Group upped their price objective on Chevron from $218.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Argus set a $203.00 target price on Chevron in a research note on Tuesday, February 3rd. Scotiabank boosted their target price on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 3rd. Finally, Morgan Stanley increased their price target on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed to sell its Singapore refinery stake and other downstream assets in Southeast Asia and Australia to ENEOS for about $2.17 billion to $2.2 billion. Investors often view asset sales like this as a way to streamline the portfolio, raise cash, and focus on higher-return operations. Article Title
• Positive Sentiment: Jim Cramer reiterated a bullish view on Chevron, saying he would “pull the trigger” on the stock and pointing to its strong cash flow and dividend yield. That kind of media endorsement can reinforce investor confidence. Article Title
• Positive Sentiment: Several market commentaries noted renewed optimism around Chevron’s rising production and strong cash returns, with some analysts saying its Q1 output growth supports the investment case. Article Title
• Neutral Sentiment: Weak statutory earnings from Chevron’s latest report were described as not telling the whole story, suggesting the market is focusing more on underlying cash generation and asset quality than on the headline earnings miss. Article Title
• Neutral Sentiment: Proxy advisory firms recommended some shareholder votes against Chevron’s board positions ahead of the annual meeting, which adds governance noise but is less likely to drive the stock in the near term. Article Title
• Negative Sentiment: Morgan Stanley reportedly trimmed its enthusiasm for oil stocks, emphasizing spending discipline as a key issue for Chevron and peers. Concerns about capital allocation can weigh on sentiment even when oil prices are favorable. Article Title

Chevron 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.