Douglas Lane & Associates LLC Grows Position in Chevron Corporation $CVX

Douglas Lane & Associates LLC increased its position in Chevron Corporation (NYSE:CVX) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 493,061 shares of the oil and gas company’s stock after purchasing an additional 5,137 shares during the quarter. Chevron makes up about 1.0% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 28th largest holding. Douglas Lane & Associates LLC’s holdings in Chevron were worth $75,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new position in Chevron during the 3rd quarter valued at approximately $34,000. Marquette Asset Management LLC bought a new position in Chevron during the 3rd quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC increased its position in Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Daytona Street Capital LLC bought a new position in Chevron during the 4th quarter valued at approximately $44,000. Finally, Turning Point Benefit Group Inc. bought a new position in Chevron during the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 1.2%

NYSE:CVX opened at $190.55 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $214.71. The company has a market cap of $379.64 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.43 and a beta of 0.60. The company has a 50 day simple moving average of $191.27 and a two-hundred day simple moving average of $167.75.

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

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. Chevron’s dividend payout ratio is presently 106.91%.

Insider Buying and Selling

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 782,607 shares of company stock valued at $146,510,571 over the last ninety days. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of analyst reports. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, March 20th. Mizuho raised their price objective on Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.04.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron says Q1 upstream earnings should be $1.6–$2.2B higher vs. Q4 2025 as oil & gas prices rose, a near-term earnings tailwind for CVX. Reuters: Chevron forecasts up to $2.2 bln boost to upstream earnings
• Positive Sentiment: Operator Occidental and partners (including Chevron) confirmed an oil discovery at the Bandit prospect in the Gulf of America — a potential long-term production and reserve upside. BusinessWire: Chevron Confirms Oil Discovery at Bandit
• Positive Sentiment: Chevron approved a $690M Aseng gas project to boost LNG supply, strengthening its LNG growth profile and potential cash flow from higher LNG pricing. Zacks: Chevron Approves $690M Aseng Gas Project
• Positive Sentiment: Multiple analysts raised ratings/targets on CVX (Wells Fargo, Tudor Pickering, BMO), providing price-target support and signaling buy-side conviction. Yahoo/BMO: BMO boosts Chevron target
• Neutral Sentiment: Chevron restarted Leviathan gas output after a 33-day halt, restoring volumes that support its Eastern Mediterranean gas business but with limited immediate market surprise. Zacks: Chevron reopens Leviathan gas field
• Negative Sentiment: Markets reacted to a fragile U.S.–Iran ceasefire: initial risk-off trading and oil-price swings have pressured energy stocks intraday, weighing on CVX despite company positives. Yahoo: Equity markets jump, oil sinks after ceasefire
• Negative Sentiment: Energy-sector weakness was noted broadly this afternoon (sector index down), which can amplify short-term selling pressure on CVX even as company fundamentals improve. Yahoo: Sector update — energy stocks decline

Chevron Company 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.