BCS Wealth Management Has $1.50 Million Stock Holdings in Chevron Corporation $CVX

BCS Wealth Management increased its holdings in Chevron Corporation (NYSE:CVX) by 86.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,872 shares of the oil and gas company’s stock after purchasing an additional 4,570 shares during the period. BCS Wealth Management’s holdings in Chevron were worth $1,504,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its stake in shares of Chevron by 19.3% during 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 purchasing an additional 11,875 shares during the last quarter. Dakota Wealth Management grew its stake in shares of Chevron by 14.9% during the fourth quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after purchasing an additional 10,822 shares during the last quarter. Brooklyn FI LLC bought a new stake in shares of Chevron during the third quarter valued at approximately $431,000. New York State Teachers Retirement System grew its stake in shares of Chevron by 15.3% during the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after purchasing an additional 215,345 shares during the last quarter. Finally, Clear Trail Advisors LLC bought a new stake in shares of Chevron during the fourth quarter valued at approximately $10,167,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity at Chevron

In other news, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the transaction, the insider directly owned 8,558 shares of the company’s stock, valued at $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the sale, the insider owned 666 shares in the company, valued at approximately $117,568.98. The trade was a 97.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 779,407 shares of company stock valued at $145,972,971. 0.20% of the stock is owned by corporate insiders.

Chevron Trading Down 2.5%

Shares of NYSE CVX opened at $186.95 on Wednesday. The company’s fifty day moving average is $192.03 and its 200-day moving average is $168.52. The stock has a market cap of $372.46 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.42 and a beta of 0.60. Chevron Corporation has a twelve month low of $132.33 and a twelve month high of $214.71. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

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

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s payout ratio is 106.91%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron announced an asset swap that raises its Petroindependencia stake to ~49% and secures Orinoco heavy‑oil development rights — a long‑term boost to heavy crude exposure and valuation. Read More.
• Positive Sentiment: Royal Bank of Canada lifted its price target and other outlets report analyst upgrades tied to recent discoveries and stronger oil fundamentals — supportive for upside expectations. Read More.
• Positive Sentiment: Large institutional interest — Berkshire Hathaway added to its Chevron stake, a credible long‑term vote of confidence that can attract other investors. Read More.
• Positive Sentiment: High‑visibility endorsements (Jim Cramer recommending Chevron for offshore exposure) and reports of a Gulf discovery are driving retail and momentum flows into the stock. Read More. Read More.
• Neutral Sentiment: Q4 results were mixed — EPS beat but revenue missed and year‑over‑year sales declined, leaving near‑term earnings visibility somewhat uncertain despite strong operating cash flow. Read More.
• Neutral Sentiment: Management expects higher Q1 profits given current geopolitical oil dynamics, which supports forward earnings estimates but depends on sustained oil prices and stable operations. Read More.
• Negative Sentiment: Execution/regulatory risk in Venezuela: Suelopetrol says it has not been notified of Chevron’s expansion in the joint venture — introduces uncertainty about timing/approval of the asset swap and could delay or alter expected benefits. Read More.
• Negative Sentiment: Some analyst caution persists — a recent TD Cowen adjustment to a lower price target/hold view and notes about near‑term earnings headwinds temper upside momentum. Read More.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 3rd. Mizuho increased their price target on shares of Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. TD Cowen decreased their price target on shares of Chevron from $214.00 to $204.00 and set a “hold” rating on the stock in a research note on Monday. Citigroup increased their price target on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company increased their price target on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $195.09.

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.