Empirical Asset Management LLC Has $3.60 Million Stock Position in Chevron Corporation $CVX

Empirical Asset Management LLC increased its position in shares of Chevron Corporation (NYSE:CVX) by 101.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,167 shares of the oil and gas company’s stock after acquiring an additional 11,646 shares during the quarter. Empirical Asset Management LLC’s holdings in Chevron were worth $3,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVX. Quaker Wealth Management LLC raised its stake in shares of Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after buying an additional 439 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Chevron in the third quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC grew its holdings in Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 118 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Chevron during the 3rd quarter valued at $41,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position 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 valued at $42,000 after acquiring an additional 202 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Chevron news, insider Andrew Benjamin Walz sold 1,463 shares of Chevron stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.83, for a total value of $268,943.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider R. Hewitt Pate sold 41,134 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $176.40, for a total value of $7,256,037.60. Following the transaction, the insider directly owned 4,169 shares of the company’s stock, valued at $735,411.60. This represents a 90.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 534,898 shares of company stock worth $89,543,711 in the last ninety days. 0.20% of the stock is owned by insiders.

Chevron Trading Up 0.3%

NYSE:CVX opened at $185.43 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The business’s 50-day simple moving average is $167.33 and its 200-day simple moving average is $159.00. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $187.90. The stock has a market capitalization of $373.36 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 12.24 and a beta of 0.70.

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

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. The ex-dividend date is Tuesday, February 17th. 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%. Chevron’s dividend payout ratio (DPR) is 106.91%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron has entered exclusive talks with Iraq over the giant West Qurna 2 oilfield, advancing a deal that would add material reserves and production to CVX’s portfolio if completed — a clear upside catalyst for long-term growth. Chevron, Iraq agree to exclusive talks over West Qurna 2 oilfield
• Positive Sentiment: Reports say Chevron has signed initial deals and is negotiating for a stake in the massive Iraq oilfield currently held by Lukoil — a high-reward move that could materially boost reserves, though it carries execution and geopolitical risk. Chevron signs initial deals for stake in giant Iraq oilfield held by Russia’s Lukoil
• Positive Sentiment: Coverage highlights Chevron negotiating for a stake in a massive Iraqi oilfield with high upside potential; analysts note this is a higher‑risk, higher‑reward expansion of CVX’s upstream footprint. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq. 2 Key Takeaways for Investors.
• Positive Sentiment: Ship-tracking and media reports show Chevron sold Venezuelan crude to Reliance — the first such sale since 2023 — signaling resumed commercial flows to a large Asian buyer and a potential near-term revenue boost. Chevron sells Venezuelan oil to India’s Reliance for the first time since 2023
• Positive Sentiment: Coverage notes Chevron is boosting exploration spending and pursuing new offshore projects (Greece, Libya), supporting a bullish outlook for future production growth. Chevron (CVX) gains bullish outlook as exploration spending rises
• Neutral Sentiment: Commentators and analysts are generally positive (including a high‑profile buy mention), but some pieces focus on valuation after a recent 52‑week high — a reminder that upside is balanced by stretched multiples. Chevron (CVX)’s the Only Company I Would Buy Here, Says Jim Cramer Chevron (CVX) Valuation Check After 52-Week High
• Neutral Sentiment: Comparisons to peers (Shell) and market‑performance writeups note CVX has outpaced the Nasdaq recently; these are useful context for relative valuation but are not single-event drivers. Chevron or Shell: Which Energy Supermajor Has the Edge Now? Is Chevron Stock Outperforming the Nasdaq?

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein raised their target price on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Morgan Stanley lowered their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Finally, Mizuho boosted their price objective on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Chevron has an average rating of “Hold” and a consensus price target of $176.36.

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.