Cane Capital Partners LLC Acquires Shares of 11,110 Chevron Corporation $CVX

Cane Capital Partners LLC acquired a new stake in Chevron Corporation (NYSE:CVX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,110 shares of the oil and gas company’s stock, valued at approximately $1,693,000.

Other large investors also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Chevron in the 3rd quarter valued at approximately $34,000. Marquette Asset Management LLC purchased a new stake in shares of Chevron in the 3rd quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC increased its position in shares of Chevron by 306.1% in 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 purchasing an additional 202 shares during the last quarter. Daytona Street Capital LLC purchased a new stake in shares of Chevron in the 4th quarter valued at approximately $44,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of Chevron in the 3rd quarter valued at approximately $49,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CVX shares. Citigroup increased their price objective on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. UBS Group reissued a “buy” rating and issued a $212.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Mizuho upped their target price on shares of Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Morgan Stanley upped their target price on shares of Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $187.64.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical supply shock: U.S. strikes and rising Iran/Hormuz tensions pushed Brent/WTI above $110, lifting integrated majors like Chevron because higher crude prices directly boost upstream earnings and cash flow. US Strikes Iran’s Kharg Island as Hormuz Deadline Nears; Oil Surges Above $110
• Positive Sentiment: Sector and analyst tailwind: MarketBeat’s XLE piece highlights accelerating energy earnings, analyst price‑target increases, and institutional accumulation; Chevron is a top XLE holding, so sector flows and higher forecasts are supporting CVX. XLE ETF Hits Peak: What Comes Next May Surprise You
• Positive Sentiment: Bullish research and momentum rankings: Zacks published bullish takes on CVX (calls it a top long‑term stock and added it to Strong Buy/momentum and income lists), which helps retail and quant flows. Chevron (CVX) Laps the Stock Market: Here’s Why Why Chevron (CVX) is a Top Stock for the Long-Term
• Neutral Sentiment: Operational update — Chevron resumed Leviathan gas production offshore Israel; this restores volumes and supports midstream/upstream returns but is incremental to the big oil‑price move. Chevron resumes Leviathan gas production offshore Israel
• Neutral Sentiment: Earnings context: Recent quarterly results showed an EPS beat but a revenue miss and some margin pressure — a mixed fundamental read that keeps investors focused on cash flow and capital returns rather than top‑line growth.
• Negative Sentiment: Supply response risk: Higher prices are prompting U.S. shale drillers to plan output increases; rising U.S. production would act as a cap on sustained price gains, which could blunt Chevron’s upstream benefit over time. US Shale Drillers Seen Lifting Crude Output on Hormuz-Driven Price Rally
• Negative Sentiment: Inventory and structural risk: Analysis warning that markets are leaning on pre‑war stockpiles implies volatility ahead when buffers draw down — a tail risk that could reverse energy gains if supply normalizes or demand softens. The World Is Still Running on Pre-War Oil Stockpiles

Chevron Trading Up 1.3%

Shares of Chevron stock opened at $201.37 on Wednesday. The company has a fifty day simple moving average of $190.43 and a 200-day simple moving average of $167.42. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $214.71. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market cap of $401.82 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.66 and a beta of 0.60.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (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 analysts’ expectations of $48.18 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities analysts forecast 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Insider Activity

In related news, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total transaction of $441,338.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the sale, the chief executive officer owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. This represents a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 782,607 shares of company stock worth $146,510,571 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

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.