PKO Investment Management Joint Stock Co Boosts Position in Chevron Corporation $CVX

PKO Investment Management Joint Stock Co lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,235 shares of the oil and gas company’s stock after acquiring an additional 4,540 shares during the quarter. Chevron makes up 1.0% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 24th biggest position. PKO Investment Management Joint Stock Co’s holdings in Chevron were worth $11,635,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research reports. TD Cowen increased their price target on shares of Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Citigroup upped their target price on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 target price on shares of Chevron in a research report on Tuesday, May 5th. Piper Sandler raised their target price on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Finally, Mizuho raised their target price on Chevron from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.70.

Chevron Stock Up 0.7%

Shares of Chevron stock opened at $174.87 on Tuesday. Chevron Corporation has a 1 year low of $142.40 and a 1 year high of $214.71. The firm has a market cap of $348.27 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 0.57 and a beta of 0.48. The company has a 50-day moving average of $186.32 and a 200 day moving average of $179.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84.

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

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is presently 123.40%.

Insider Activity at Chevron

In other news, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction on 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 in the company, valued at $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 278,045 shares of the company’s stock, valued at $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 615,200 shares of company stock valued at $118,022,760 over the last quarter. 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 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

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.