RNC Capital Management LLC Sells 5,330 Shares of Chevron Corporation $CVX

RNC Capital Management LLC lowered its stake in shares of Chevron Corporation (NYSE:CVX) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 390,983 shares of the oil and gas company’s stock after selling 5,330 shares during the period. Chevron makes up approximately 2.7% of RNC Capital Management LLC’s portfolio, making the stock its 12th biggest holding. RNC Capital Management LLC’s holdings in Chevron were worth $59,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in Chevron during the 3rd quarter valued at $34,000. Marquette Asset Management LLC bought a new stake in shares of Chevron in the 3rd quarter worth $41,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Daytona Street Capital LLC purchased a new stake in shares of Chevron in the fourth quarter valued at about $44,000. Finally, Maseco LLP bought a new position in shares of Chevron during the fourth quarter valued at about $49,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Performance

NYSE CVX opened at $192.41 on Tuesday. The company has a market capitalization of $383.34 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71. The company has a 50-day simple moving average of $193.08 and a 200 day simple moving average of $171.36.

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, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 7.01%. The firm had revenue of $48.61 billion during the quarter, compared to the consensus estimate of $51.86 billion. During the same period in the prior year, the firm earned $2.18 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Chevron Corporation will post 14.13 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be issued 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 123.40%.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 621,439 shares of company stock valued at $118,307,800. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

CVX has been the topic of several analyst reports. TD Cowen cut their price target on shares of Chevron from $214.00 to $204.00 and set a “hold” rating on the stock in a report on Monday, April 13th. HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Finally, Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.96.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warns physical oil shortages will begin to appear, supporting higher future oil prices and stronger cash flows for majors like Chevron. Chevron CEO says physical shortages in oil supply to begin appearing (Reuters)
• Positive Sentiment: Analysis argues Chevron is well positioned at $110 oil due to low-cost operations and capital discipline — higher crude boosts margins and free cash flow, underpinning dividends and buybacks. Is Chevron a Buy, Sell, or Hold at $110 Oil? (Fool)
• Positive Sentiment: Chevron is in talks to acquire stakes in major Iraqi oilfields, which could add production and materially change long-term valuation if completed. Strategic upstream deals would be a growth catalyst. Chevron Iraqi Oilfield Talks And What They Could Mean For CVX Valuation (Yahoo)
• Positive Sentiment: Q1 results beat EPS estimates, production grew and the board affirmed the dividend; analysts raised targets and highlighted a path to accelerating earnings and cash returns. That supports investor confidence in cash flow and payouts. Chevron Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)
• Neutral Sentiment: Operational note: some margin compression was reported in the Q1 deep dive despite upstream growth — mixed near-term margin pressure even as revenue and production support longer-term cash flow. CVX Q1 Deep Dive: Margin Compression Amid Stable Revenue and Upstream Growth (Yahoo)
• Neutral Sentiment: Comparisons with Exxon and other majors continue in the press; investors are weighing dividend appeal, capital returns and valuation differences — useful for portfolio positioning but not an immediate catalyst. Chevron vs. Exxon: Which is the Better Investment After Strong Q1 Results? (Yahoo)
• Negative Sentiment: Middle East clashes (US-Iran exchange of fire) drove an intra-day oil spike and heightened market volatility; while higher oil helps profits, geopolitical shocks increase short-term risk and price swings for CVX. Oil Edges Lower Following Spike as Iran and US Exchange Fire (Bloomberg/Yahoo)
• Negative Sentiment: CEO and management expressed concern about shipping safety in the Strait of Hormuz; prolonged disruption could raise transport/insurance costs, limit access to barrels, and create execution risk for field operations. Chevron CEO voices concern over Strait of Hormuz ship safety (Yahoo)

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.