Clear Trail Advisors LLC Purchases Shares of 66,711 Chevron Corporation $CVX

Clear Trail Advisors LLC acquired a new stake in shares of Chevron Corporation (NYSE:CVX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 66,711 shares of the oil and gas company’s stock, valued at approximately $10,167,000. Chevron makes up about 2.4% of Clear Trail Advisors LLC’s investment portfolio, making the stock its 11th largest position.

Several other hedge funds also recently made changes to their positions in CVX. Vanguard Group Inc. lifted its stake in Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. Norges Bank acquired a new position in Chevron in the second quarter worth approximately $2,721,477,000. State Street Corp increased its holdings in shares of Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after buying an additional 12,789,399 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Chevron in the third quarter valued at $988,083,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Chevron by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CVX. Piper Sandler raised their price objective on Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Tuesday, February 17th. UBS Group reaffirmed a “buy” rating and set a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Wells Fargo & Company increased their price target on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Chevron has an average rating of “Hold” and an average target price of $184.77.

Chevron Trading Up 0.8%

NYSE CVX opened at $206.77 on Wednesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $209.79. 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 stock has a market cap of $412.59 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.90 and a beta of 0.67. The firm’s 50 day moving average price is $183.03 and its two-hundred day moving average price is $164.16.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 earnings per share. Equities analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.4%. Chevron’s payout ratio is presently 106.91%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron CEO Mike Wirth warned markets are underpricing the supply shock from the Strait of Hormuz closure, signaling potential for sustained higher oil prices that support upstream earnings and cash flow. Chevron CEO says Iran war impact isn’t fully priced into oil market
• Positive Sentiment: New informal transit fees and disruptions in the Strait of Hormuz increase shipping costs and tighten global crude/LNG flows, a supply-side shock that typically benefits large integrated producers like Chevron. Iran Imposes Up to $2M Transit Fees on Ships in Strait of Hormuz
• Positive Sentiment: Chevron signaled operational buying for its California refinery (boosting near-term crude demand); that development lifted smaller suppliers and highlights refinery throughput that can bolster margins. Sable Offshore rises as Chevron says planning to buy oil for California refinery
• Positive Sentiment: Momentum: markets note CVX’s multi-session gains and strong YTD performance as investors rotate into energy amid tight supply expectations. Chevron extends winning streak to seventh session
• Positive Sentiment: Management push on Venezuela reforms and Chevron’s early production increases there point to potential medium-term supply upside if legal/contract certainty improves. Chevron Spots Market Gaps and Calls for Venezuela Reforms
• Neutral Sentiment: HSBC upgrade and analyst target increases give technical/psychological support to the rally but may already be priced in given CVX’s strong recent run. Chevron (NYSE:CVX) Upgraded at HSBC
• Negative Sentiment: Geopolitical headlines remain a double-edged sword — pauses in strikes or peace negotiations have previously triggered quick oil pullbacks, creating volatility risk that can reverse recent gains. Trump Pauses Iran Energy Strikes for 5 Days

Insider Transactions at Chevron

In other news, insider Alana K. Knowles sold 2,408 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This trade 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 sold 1,099,397 shares of company stock worth $196,196,468. 0.20% of the stock is currently owned by company 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.