CenterBook Partners LP Purchases Shares of 11,082 Chevron Corporation $CVX

CenterBook Partners LP acquired a new position in Chevron Corporation (NYSE:CVX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,082 shares of the oil and gas company’s stock, valued at approximately $1,721,000.

Several other large investors have also made changes to their positions in the business. MJP Associates Inc. ADV boosted its position in shares of Chevron by 44.0% in the third quarter. MJP Associates Inc. ADV now owns 5,424 shares of the oil and gas company’s stock valued at $842,000 after acquiring an additional 1,657 shares during the period. Essex Financial Services Inc. increased its position in Chevron by 1.9% during the third quarter. Essex Financial Services Inc. now owns 47,515 shares of the oil and gas company’s stock worth $7,379,000 after acquiring an additional 887 shares during the period. King Wealth Management Group raised its stake in Chevron by 13.0% during the 3rd quarter. King Wealth Management Group now owns 18,318 shares of the oil and gas company’s stock valued at $2,845,000 after purchasing an additional 2,110 shares during the last quarter. Syon Capital LLC boosted its holdings in Chevron by 29.1% in the 3rd quarter. Syon Capital LLC now owns 18,133 shares of the oil and gas company’s stock valued at $2,816,000 after purchasing an additional 4,085 shares during the period. Finally, BOK Financial Private Wealth Inc. grew its position in Chevron by 1.7% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 4,290 shares of the oil and gas company’s stock worth $666,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the sale, the insider directly owned 7,161 shares in the company, valued at $1,247,231.37. This represents a 86.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 531,027 shares of company stock worth $88,833,430 over the last ninety days. 0.21% of the stock is owned by insiders.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron-led consortium won multiple offshore exploration blocks in Greece (Chevron is operator with ~70% interest), expanding long‑term upstream optionality and reserve exposure — a clear growth catalyst for the stock. Chevron-led consortium signs gas exploration deal in Greece
• Positive Sentiment: Chevron boosted its quarterly dividend (annualized ~$7.12; yield ~3.9%), reinforcing income appeal and supporting demand from yield‑focused investors. Dividend announcement
• Positive Sentiment: Independent coverage is bullish: several outlets highlight CVX as a defensive, dividend‑paying leader in a strong energy sector and some analysts (including a recent upgrade) have raised targets, which can attract long‑only flows. Chevron: Buy And Hold Like Berkshire Hathaway
• Neutral Sentiment: Quarterly results mixed: EPS beat estimates but revenue was below consensus and year‑over‑year revenue declined — this supports earnings quality but leaves questions on near‑term volume/price headwinds. Earnings recap
• Neutral Sentiment: Broader sector momentum and analyst write‑ups (valuation debates, dividend comparisons vs. Exxon) are increasing attention on CVX; that can boost volume and volatility without changing fundamentals. Chevron vs Exxon article
• Negative Sentiment: Turkey publicly opposed Greece‑Chevron activity off Crete, calling it unlawful — this creates a geopolitical/regulatory overhang on Mediterranean projects and could delay execution. Turkey says Greece-Chevron activity unlawful
• Negative Sentiment: Insider selling disclosures (company officers selling stock in recent filings) add a near‑term negative signal and may amplify selling pressure for short windows. Insider selling

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CVX shares. Citigroup dropped their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a report on Monday, January 5th. 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 research report on Tuesday, January 20th. Mizuho boosted their price target on Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Morgan Stanley reduced their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $176.36.

Chevron Stock Performance

Chevron stock opened at $184.89 on Friday. The firm has a market capitalization of $372.27 billion, a P/E ratio of 27.76, a P/E/G ratio of 12.17 and a beta of 0.70. The stock has a fifty day moving average price of $165.18 and a two-hundred day moving average price of $158.25. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $187.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 EPS. As a group, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio is presently 106.91%.

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.