Advisory Services Network LLC Acquires 10,932 Shares of Chevron Corporation $CVX

Advisory Services Network LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,393 shares of the oil and gas company’s stock after purchasing an additional 10,932 shares during the quarter. Advisory Services Network LLC’s holdings in Chevron were worth $24,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Castellan Group increased its holdings in shares of Chevron by 10.7% in the second quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after purchasing an additional 1,965 shares during the last quarter. United Bank grew its holdings in Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after buying an additional 796 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Chevron by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after acquiring an additional 4,214 shares during the last quarter. Westover Capital Advisors LLC raised its holdings in shares of Chevron by 233.9% during the 2nd quarter. Westover Capital Advisors LLC now owns 20,344 shares of the oil and gas company’s stock worth $2,913,000 after acquiring an additional 14,252 shares in the last quarter. Finally, Nordwand Advisors LLC raised its holdings in shares of Chevron by 7,911.2% during the 2nd quarter. Nordwand Advisors LLC now owns 51,512 shares of the oil and gas company’s stock worth $7,376,000 after acquiring an additional 50,869 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CVX shares. Scotiabank reissued a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a research note on Friday, January 16th. UBS Group reaffirmed a “buy” rating and issued a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. Bank of America lifted 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. Wells Fargo & Company boosted their target price on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, TD Cowen increased their price target on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Thirteen research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $183.18.

Insider Buying and Selling at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider R. Hewitt Pate sold 47,200 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $192.12, for a total value of $9,068,064.00. Following the completion of the sale, the insider owned 8,558 shares in the company, valued at approximately $1,644,162.96. This represents a 84.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,099,397 shares of company stock valued at $196,196,468. Company insiders own 0.20% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is reportedly in advanced negotiations to acquire a 30% stake in Ultrapar’s Ipiranga unit, expanding its retail and fuel-market footprint in Brazil — a strategic growth move in a large, high-margin market. Chevron in Advanced Negotiations to Buy 30% Stake in Ipiranga
• Positive Sentiment: Mizuho raised its price target on CVX to $217 and assigned an “outperform” rating, signaling institutional confidence and providing upside thesis support for the stock. Mizuho price target raise
• Positive Sentiment: WTI and Brent oil prices rose amid doubts about a U.S.-led coalition to secure Strait of Hormuz shipping, which typically benefits large integrated oil names like Chevron through higher commodity realizations. Oil jumps over 2%
• Positive Sentiment: Chevron awarded a FEED contract for the Aphrodite gas field in Cyprus, advancing its Eastern Mediterranean gas development pipeline and long-term production optionality. Chevron Advances Cyprus’ Aphrodite Gas Field Development
• Neutral Sentiment: Coverage pieces note Chevron’s size as a large dividend payer and buyback issuer, reinforcing its appeal to income-focused investors but not a near-term price catalyst on its own. Does Chevron pay dividends?
• Neutral Sentiment: Wider market commentary highlights volatility from the Middle East conflict; this creates both upside from higher oil and downside risk from disrupted trade—mixed for CVX. Market Chatter
• Negative Sentiment: Chevron agreed to pay just over $1M and retire ~2M renewable fuel credits to settle alleged violations under the Renewable Fuel Standard — a modest financial hit but a regulatory / compliance headline. Chevron Hit With $1 Million Penalty
• Negative Sentiment: WSJ reporting on CIA dealings with an ex-Chevron executive raises reputational questions around industry-government ties; potential PR and oversight risks could concern some investors. Takeaways From WSJ Reporting
• Negative Sentiment: Barclays’ price-target move to $180 with an “equal weight” rating implies limited near-term upside from that shop’s view and contrasts with the more bullish Mizuho call — adding conflicting analyst signals. Barclays price target change

Chevron Stock Performance

Shares of CVX stock opened at $197.97 on Wednesday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $200.58. The business’s fifty day simple moving average is $178.82 and its 200-day simple moving average is $162.60. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $395.03 billion, a PE ratio of 29.73, a PEG ratio of 1.82 and a beta of 0.67.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period in the prior year, the company posted $2.06 EPS. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. Analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $1.78 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is 106.91%.

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.