Machina Capital S.A.S. Takes $991,000 Position in Chevron Corporation $CVX

Machina Capital S.A.S. purchased a new stake in Chevron Corporation (NYSE:CVX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,380 shares of the oil and gas company’s stock, valued at approximately $991,000.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in shares of Chevron by 2.7% in the 2nd quarter. Venturi Wealth Management LLC now owns 38,489 shares of the oil and gas company’s stock valued at $5,511,000 after purchasing an additional 1,005 shares in the last quarter. Sax Wealth Advisors LLC increased its stake in Chevron by 9.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 9,940 shares of the oil and gas company’s stock valued at $1,423,000 after purchasing an additional 832 shares in the last quarter. REAP Financial Group LLC lifted its holdings in shares of Chevron by 110.1% in the second quarter. REAP Financial Group LLC now owns 704 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 369 shares in the last quarter. Spectrum Asset Management Inc. NB CA lifted its position in shares of Chevron by 7.4% during the 2nd quarter. Spectrum Asset Management Inc. NB CA now owns 35,244 shares of the oil and gas company’s stock worth $5,047,000 after buying an additional 2,422 shares in the last quarter. Finally, Lakeshore Capital Group Inc. boosted its stake in Chevron by 18.5% in the second quarter. Lakeshore Capital Group Inc. now owns 5,140 shares of the oil and gas company’s stock valued at $736,000 after acquiring an additional 803 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Performance

Chevron stock opened at $181.28 on Thursday. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $182.59. The firm has a market capitalization of $365.01 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 12.50 and a beta of 0.70. The company’s 50-day moving average is $158.11 and its 200 day moving average is $156.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 EPS. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. Chevron’s dividend payout ratio (DPR) is currently 102.70%.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of recent analyst reports. Piper Sandler reduced their target price on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Barclays increased their price objective on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Finally, Scotiabank reissued a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a report on Friday, January 16th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $175.00.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wall Street bullishness: Goldman Sachs and other buy-side analysts reiterated bullish views or raised targets, and boutiques including TD Cowen and Wells Fargo published favorable forecasts/price-target increases that support buying interest. Read More.
• Positive Sentiment: Dividend increase: Chevron raised its quarterly payout to $1.78 (annualized $7.12, ~4% yield), reinforcing the income thesis that draws dividend-focused investors and supports the stock’s re-rating. Read More.
• Positive Sentiment: Project commitments: Chevron reconfirmed commitment to the Yoyo–Yolanda gas project (Cameroon/Equatorial Guinea), a production/growth catalyst for gas exposure and long‑term cash flow. Read More.
• Neutral Sentiment: Quarterly results mixed: Q4 beat EPS expectations ($1.52 vs. $1.44) but revenue missed and year-over-year profit fell — supports cash-flow narrative but tempers near-term growth hopes. Read More.
• Neutral Sentiment: Syria offshore MOU: Chevron signed a memorandum of understanding to evaluate offshore exploration in Syrian waters with a Qatari partner — a potential long-term resource opportunity but with geopolitical and sanction risks that make near-term impacts uncertain. Read More.
• Negative Sentiment: Insider selling: Several senior insiders (including the CFO) disclosed large share sales in late January, which may create short-term sentiment/headline pressure despite routine explanations (taxes, diversification). Read More.
• Negative Sentiment: Macro/headwinds: Oil prices eased as geopolitical risk softened, which can cap near-term revenue and margin expectations for integrated majors like Chevron. Read More.
• Negative Sentiment: Cautious notes: A few firms (HSBC and others) trimmed views or moved to Hold, arguing recent gains may have priced in much of the upside — these calls can limit further rallies. Read More.

Insider Activity at Chevron

In related news, CFO Eimear P. Bonner sold 32,100 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $764,093.66. This trade represents a 88.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of Chevron stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $174.17, for a total value of $7,976,986.00. Following the sale, the insider directly owned 7,161 shares of the company’s stock, valued at approximately $1,247,231.37. This represents a 86.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 764,958 shares of company stock valued at $122,930,032 over the last 90 days. Company insiders own 0.21% of the company’s stock.

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.