Baxter Bros Inc. Has $10.44 Million Position in Chevron Corporation $CVX

Baxter Bros Inc. reduced its stake in Chevron Corporation (NYSE:CVX) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,470 shares of the oil and gas company’s stock after selling 5,002 shares during the period. Chevron accounts for approximately 1.2% of Baxter Bros Inc.’s investment portfolio, making the stock its 25th biggest position. Baxter Bros Inc.’s holdings in Chevron were worth $10,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of Chevron in the third quarter valued at $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron in the third quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Daytona Street Capital LLC acquired a new position in shares of Chevron in the fourth quarter valued at about $44,000. Finally, Maseco LLP acquired a new position in shares of Chevron in the fourth quarter valued at about $49,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher crude prices and Strait of Hormuz risks are supporting cash flow and margins for integrated majors like Chevron, a primary market driver behind today’s strength. 3 Energy Stocks For Steady Passive Income
• Positive Sentiment: RBC lifted Chevron’s price target as its commodity outlook improved, which supports buy-side sentiment and was cited in recent coverage as a near-term catalyst. Chevron (CVX) price target lifted by RBC as commodity view improves
• Positive Sentiment: Chevron expanded its heavy-oil footprint in Venezuela via an asset-swap with PDVSA, adding Orinoco acreage that could bolster long‑dated production and reserves if operations proceed as planned. (Geopolitical execution risk remains.) Wall Street Bulls Look Optimistic About Chevron (CVX): Should You Buy?
• Positive Sentiment: Analysts and commentators highlight Chevron’s strategic timing on the $53B Hess acquisition — some view the drawn-out deal completion as fortuitous given today’s stronger oil backdrop and asset premium. Did Chevron’s Big Acquisition Happen at the Perfect Time?
• Neutral Sentiment: Legislative moves (H.R. 6409) that clarify treatment of foreign emissions could shift state-level regulatory burdens; Quiver flags Chevron as a relevant company but the net impact on CVX compliance/costs remains uncertain. Congress Vote: The House has passed H.R. 6409 – Foreign Emissions and Nonattainment Clarification for Economic Stability Act
• Neutral Sentiment: Coverage lists Chevron among dividend-rich and high‑conviction energy picks — supportive for longer-term income investors but not an immediate price catalyst. 3 Dividend‑Rich Energy Stocks That Look Built for Long‑Term Investors, Beyond the Iran War
• Negative Sentiment: Analyst downgrades and lowered expectations (reports of a 2.5% drop tied to a downgrade, and TD Cowen lowering estimates) have pressured the stock in recent sessions and explain some of the volatility despite commodity strength. Chevron (NYSE:CVX) Stock Price Down 2.5% on Analyst Downgrade TD Cowen Has Lowered Expectations for Chevron (NYSE:CVX) Stock Price

Insider Transactions at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 779,407 shares of company stock valued at $145,972,971. 0.21% of the stock is owned by company insiders.

Chevron Stock Up 1.7%

CVX stock opened at $188.01 on Friday. The stock has a market capitalization of $374.56 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 1.18 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12 month low of $132.33 and a 12 month high of $214.71. The firm has a 50-day moving average price of $192.28 and a 200-day moving average price of $168.77.

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. The firm had revenue of $45.79 billion during 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 revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share. As a group, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders 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%. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research reports. Wells Fargo & Company upped 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. Citigroup upped 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. Argus set a $203.00 price target on shares of Chevron in a research note on Tuesday, February 3rd. Barclays upped their price target on shares of Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Finally, Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average target price 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.