Sequoia Financial Advisors LLC Acquires 4,071 Shares of Chevron Corporation $CVX

Sequoia Financial Advisors LLC lifted its holdings in Chevron Corporation (NYSE:CVX) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,752 shares of the oil and gas company’s stock after buying an additional 4,071 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chevron were worth $23,891,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CVX. D.B. Root & Company LLC lifted 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 valued at $846,000 after acquiring an additional 57 shares during the last quarter. Patton Albertson Miller Group LLC increased its stake in Chevron by 0.7% during the fourth quarter. Patton Albertson Miller Group LLC now owns 40,632 shares of the oil and gas company’s stock worth $6,193,000 after acquiring an additional 292 shares during the last quarter. Ponta Wealth Partners LLC purchased a new stake in Chevron during the fourth quarter valued at approximately $647,000. LaFleur & Godfrey LLC lifted its stake in shares of Chevron by 0.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 67,443 shares of the oil and gas company’s stock valued at $10,279,000 after purchasing an additional 265 shares during the last quarter. Finally, Manske Wealth Management boosted its holdings in shares of Chevron by 7.6% in the 4th quarter. Manske Wealth Management now owns 11,146 shares of the oil and gas company’s stock worth $1,699,000 after purchasing an additional 787 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America raised their price target on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. TD Cowen dropped their price target on shares of Chevron from $214.00 to $204.00 and set a “hold” rating for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research report on Tuesday, January 20th. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Piper Sandler upped 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. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $202.70.

Insider Activity

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 value of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. This trade represents a 82.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 31,266 shares in the company, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 621,439 shares of company stock worth $118,307,800. Company insiders own 0.56% of the company’s stock.

Chevron Stock Performance

CVX stock opened at $185.30 on Thursday. Chevron Corporation has a one year low of $133.77 and a one year high of $214.71. The firm has a market cap of $369.17 billion, a price-to-earnings ratio of 32.11, a PEG 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. The firm has a 50-day simple moving average of $193.27 and a two-hundred day simple moving average of $171.88.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $48.61 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 7.01%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 EPS. On average, equities analysts forecast that Chevron Corporation will post 14.15 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend yield of 3.8%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Q1 adjusted EPS beat consensus ($1.41 vs. $0.97) showing resilient profitability despite a revenue shortfall; management called results “solid,” which supports near-term cash returns and buyback/dividend expectations. Chevron (CVX) Reports Q1 EPS Beat
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating and set a $220 price target, signaling sizable analyst upside vs. current levels and providing supportive brokerage sentiment. Chevron Earns Outperform From RBC
• Positive Sentiment: Chevron is expanding exploration in the Mediterranean (offshore Malta), which could add upstream growth optionality and long-term reserves exposure. Chevron Expands Mediterranean Activities
• Neutral Sentiment: President Trump met with Chevron and Exxon executives to discuss Venezuela — could lead to policy or commercial developments, but timing and concrete impacts remain unclear. Trump Met With Chevron and Exxon to Discuss Venezuela
• Neutral Sentiment: Proposed H.R. 8542 (Offshore Parity Act) would shift some offshore leasing authority to Gulf states — potential regulatory/royalty changes for Gulf operators like Chevron, but outcomes are speculative and legislative timing uncertain. Offshore Parity Act Introduced
• Negative Sentiment: Oil-focused stocks fell as optimism about a U.S.–Iran peace deal and easing Strait of Hormuz risks sent crude prices down; lower oil weakens upstream earnings outlook across integrated majors, pressuring CVX. Exxon, Chevron Stocks Sink as Market Bets Iran War Will End
• Negative Sentiment: Ongoing volatility around the Strait of Hormuz keeps supply-risk headlines alive; Chevron’s CEO has warned potential shortages, which creates market swings and macro risk that can spur short-term share declines. Chevron Weighs Hormuz Supply Strains
• Negative Sentiment: Reputational/PR risk: reports that a Chevron-funded group ran ads blaming state policy for high pump prices could attract regulatory or political scrutiny in key markets. Phony Chevron-Funded Group Ads Reported

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.