BLB&B Advisors LLC Sells 3,694 Shares of Chevron Corporation $CVX

BLB&B Advisors LLC lessened its holdings in Chevron Corporation (NYSE:CVX) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,207 shares of the oil and gas company’s stock after selling 3,694 shares during the period. Chevron comprises approximately 0.8% of BLB&B Advisors LLC’s holdings, making the stock its 29th biggest position. BLB&B Advisors LLC’s holdings in Chevron were worth $19,083,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price on the stock in a report on Tuesday, January 20th. TD Cowen reduced their price target on Chevron from $214.00 to $204.00 and set a “hold” rating for the company in a research report on Monday. Jefferies Financial Group increased their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Piper Sandler lifted their price target on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Finally, Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $195.09.

Key Headlines Impacting Chevron

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.

Insider Transactions at Chevron

In related news, insider Andrew Benjamin Walz sold 22,200 shares of Chevron stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total value of $3,918,966.00. Following the completion of the transaction, the insider owned 666 shares in the company, valued at approximately $117,568.98. This trade represents a 97.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 11,337 shares in the company, valued at $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 779,407 shares of company stock worth $145,972,971 in the last quarter. Company insiders own 0.20% of the company’s stock.

Chevron Trading Down 2.5%

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

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $48.18 billion. During the same quarter last year, the business earned $2.06 earnings per share. Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. Sell-side analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal 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 issued a $1.78 dividend. 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. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s 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.