Chevron Corporation $CVX Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its holdings in Chevron Corporation (NYSE:CVX) by 2.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 130,370 shares of the oil and gas company’s stock after selling 3,416 shares during the period. Brookstone Capital Management’s holdings in Chevron were worth $26,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Bank increased its stake in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. increased its stake in Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after purchasing an additional 4,214 shares during the last quarter. BNP Paribas grew its holdings in shares of Chevron by 76.4% during the second quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 191 shares during the last quarter. Osterweis Capital Management Inc. raised its position in Chevron by 678.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Chevron by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock valued at $2,299,000 after acquiring an additional 553 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chevron

In other news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the transaction, the director directly owned 278,045 shares of the company’s stock, valued at $53,718,294. This trade represents a 57.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the transaction, the insider directly owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 615,200 shares of company stock worth $118,022,760 over the last quarter. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the topic of several recent analyst reports. Zacks Research cut Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. UBS Group lifted their price target on Chevron from $218.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. Barclays increased their price objective on Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Citigroup raised their target price on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.70.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron signed a 20-year agreement with Microsoft to help power Project Kilby, a planned 2.67-gigawatt data center campus in West Texas. The deal could create a steadier, long-duration revenue stream and positions Chevron as a beneficiary of rising AI-related electricity demand. Chevron signs power supply deal with Microsoft for Texas data center
• Positive Sentiment: The project highlights Chevron’s move beyond traditional oil and gas into lower-volatility, infrastructure-like cash flows tied to AI data center power needs. That strategic shift has been viewed favorably by investors looking for growth outside commodity swings. Chevron Signs 20-year Deal to Power Microsoft’s AI Data Centers
• Neutral Sentiment: Separately, reports noted that Treasury issued a temporary license allowing Iranian oil sales, which could affect global crude supply and energy pricing, but the immediate impact on Chevron’s stock appears secondary to the Microsoft deal. Treasury Issues 60-Day License for Iranian Oil Sales Following Switzerland Talks

Chevron Price Performance

Chevron stock opened at $174.87 on Tuesday. The firm has a market capitalization of $348.27 billion, a PE ratio of 30.31, a P/E/G ratio of 0.57 and a beta of 0.48. Chevron Corporation has a 52 week low of $142.40 and a 52 week high of $214.71. The firm’s 50-day simple moving average is $186.32 and its 200 day simple moving average is $179.37. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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. On average, equities research analysts predict that Chevron Corporation will post 15.88 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were given a $1.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $7.12 annualized dividend and a dividend yield of 4.1%. Chevron’s dividend payout ratio is currently 123.40%.

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.