Chevron Corporation $CVX Shares Bought by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC raised its position in Chevron Corporation (NYSE:CVX) by 248.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,858 shares of the oil and gas company’s stock after acquiring an additional 8,454 shares during the period. Mach 1 Financial Group LLC’s holdings in Chevron were worth $1,807,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Strategic Wealth Advisors LLC acquired a new stake in shares of Chevron in the 4th quarter worth $33,000. Daytona Street Capital LLC acquired a new stake in shares of Chevron in the 4th quarter worth $44,000. Turning Point Benefit Group Inc. purchased a new position in shares of Chevron in the 3rd quarter valued at about $49,000. Maseco LLP acquired a new stake in shares of Chevron in the fourth quarter valued at about $49,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Chevron in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CVX. TD Cowen raised their price objective on shares of Chevron from $204.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Sanford C. Bernstein reduced their price objective on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $216.00 price objective on shares of Chevron in a research note on Wednesday, May 6th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday, March 20th. Finally, Morgan Stanley raised their price objective on shares of Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity

In other news, Director John B. Hess sold 195,000 shares of Chevron stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $184.78, for a total transaction of $36,032,100.00. Following the completion of the sale, the director directly owned 658,045 shares in the company, valued at $121,593,555.10. The trade was a 22.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the sale, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 799,699 shares of company stock worth $151,259,517 in the last three months. Company insiders own 0.56% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $191.39 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $193.45 and a two-hundred day moving average price of $174.25. Chevron Corporation has a twelve month low of $133.77 and a twelve month high of $214.71. The company has a market capitalization of $381.18 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. During the same period last year, the firm posted $2.18 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts expect that Chevron Corporation will post 15.43 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron agreed to sell several Asia Pacific refining and retail assets to Japan’s Eneos, a move expected to bring in about $2.17 billion and help streamline its international portfolio. Chevron Corporation (CVX) Poised for $2.17B Boost from Asia Pacific Asset Sale
• Positive Sentiment: Several analyst and market commentary pieces remain constructive on Chevron, with coverage citing stronger oil prices, attractive long-term energy exposure, and continued interest from income-focused investors. Oil Prices Are Rising and So Is Chevron Stock. It Can Keep Going.
• Positive Sentiment: Chevron is still benefiting from the broader energy trade, as higher crude prices and ongoing geopolitical tensions keep large integrated oil producers in focus. Oil Remains Above 100: Are Permian Stocks a Smart Bet Now?
• Neutral Sentiment: Trading activity has been elevated, and some reports say Chevron is consolidating after a recent run, which suggests investors are watching whether the stock can hold recent gains. CVX Volume Hits 14.56M as Chevron Pulls Back From $197.25
• Neutral Sentiment: Energy-stock comparisons and long-term buy/hold debates are keeping Chevron in the market conversation, but these pieces are mostly opinion-driven rather than new company-specific catalysts. ExxonMobil vs. Chevron: Better Energy Stock to Buy Now?
• Negative Sentiment: Chevron is facing shareholder and ESG scrutiny ahead of its May 27 annual meeting, as activists push investors to oppose a proposal tied to the company’s Israel operations. That adds a potential reputational and governance overhang. Chevron Israel Activism Puts ESG Risks And Valuation In Focus
• Negative Sentiment: Investors are also digesting Berkshire Hathaway’s continued trimming of its Chevron stake, which can be read as a sign of reduced conviction from a major long-term holder. Berkshire Hathaway Trims Stake in Chevron (CVX)

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.