Catalyst Financial Partners LLC Boosts Stock Position in Chevron Corporation $CVX

Catalyst Financial Partners LLC raised its holdings in Chevron Corporation (NYSE:CVX) by 43.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,714 shares of the oil and gas company’s stock after buying an additional 3,532 shares during the period. Catalyst Financial Partners LLC’s holdings in Chevron were worth $1,819,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its holdings in Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after buying an additional 11,875 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after acquiring an additional 215,345 shares during the period. Pictet North America Advisors SA purchased a new position in Chevron in the 3rd quarter valued at approximately $5,662,000. New York State Common Retirement Fund increased its stake in Chevron by 10.2% in the 3rd quarter. New York State Common Retirement Fund now owns 1,894,470 shares of the oil and gas company’s stock valued at $294,192,000 after purchasing an additional 175,439 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Chevron by 8.7% during the third quarter. Envestnet Asset Management Inc. now owns 4,891,609 shares of the oil and gas company’s stock worth $759,618,000 after purchasing an additional 389,694 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target for the company in a research note on Tuesday, January 20th. Freedom Capital downgraded shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Morgan Stanley reduced their price target on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Wells Fargo & Company increased their price target on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.36.

Chevron Stock Down 0.6%

Shares of NYSE CVX opened at $184.23 on Thursday. The firm has a market cap of $370.94 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 12.26 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $187.90. The firm’s 50 day moving average price is $168.02 and its 200 day moving average price is $159.17.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the firm posted $2.06 EPS. Chevron’s revenue was down 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.9%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Iraq output upside — Iraq’s oil minister says Chevron is in exclusive talks to take over operations at West Qurna 2 and could nearly double output there to ~800,000 barrels/day, a large potential near‑term production and cash‑flow boost if the deal and ramp proceed. Iraq’s West Qurna 2 oilfield poised for output surge with Chevron, minister says
• Positive Sentiment: Initial stake deals — Chevron has signed initial agreements to acquire a stake in the giant field held by Russia’s Lukoil, signalling material portfolio expansion in Iraq that could underpin production growth. Chevron signs initial deals for stake in giant Iraq oilfield held by Russia’s Lukoil
• Positive Sentiment: Retail / media endorsement — Jim Cramer publicly called Chevron the only stock he’d buy at current levels, a high‑visibility endorsement that can drive short‑term demand from retail traders. Chevron (CVX)’s the Only Company I Would Buy Here, Says Jim Cramer
• Positive Sentiment: Macro rotation into energy — analysis highlights a rotation into energy and capital‑intensive “halo trade” stocks (XLE, Exxon, Chevron) as investors seek inflation‑resistant sectors, providing a favorable demand backdrop. Right Tail Right Now
• Positive Sentiment: New offtake — ship data and sources show Chevron sold Venezuelan crude to India’s Reliance for the first time since 2023, indicating opportunistic trading/marketing that can support near‑term revenue. Chevron sells Venezuelan oil to India’s Reliance for the first time since 2023, ship data and sources say
• Positive Sentiment: Strategic partnerships — coverage notes a strengthening partnership with Hess, which could accelerate development plans and share execution risk on key projects. Chevron: Forming A Strong Partner With Hess
• Neutral Sentiment: Deal risk / higher‑risk asset — analysts note the Iraq stake is high‑risk/high‑reward: meaningful upside if terms, approvals and ramp go smoothly, but execution, partner negotiations and geopolitics add uncertainty. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq. 2 Key Takeaways for Investors.
• Neutral Sentiment: Valuation and relative performance — recent pieces check CVX valuation after a 52‑week high and note the stock has outpaced indexes; these shape positioning but don’t change fundamentals. Chevron (CVX) Valuation Check After 52-Week High And New Offshore Expansion In Greece And Libya
• Neutral Sentiment: Analyst comparisons — comparative analyses with peers (Shell, Exxon) highlight tradeoffs across production, LNG exposure and valuation; useful for portfolio allocation but not a near‑term catalyst. Chevron or Shell: Which Energy Supermajor Has the Edge Now?

Insider Transactions at Chevron

In other Chevron news, insider R. Hewitt Pate sold 41,134 shares of Chevron stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $176.40, for a total value of $7,256,037.60. Following the completion of the sale, the insider owned 4,169 shares in the company, valued at $735,411.60. The trade was a 90.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the transaction, the insider owned 7,161 shares in the company, valued at approximately $1,247,231.37. The trade was a 86.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 534,898 shares of company stock worth $89,543,711 in the last quarter. 0.21% of the stock is currently owned by corporate insiders.

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.