Trivium Point Advisory LLC Buys 6,855 Shares of Chevron Corporation $CVX

Trivium Point Advisory LLC raised its position in Chevron Corporation (NYSE:CVX) by 73.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,131 shares of the oil and gas company’s stock after purchasing an additional 6,855 shares during the quarter. Trivium Point Advisory LLC’s holdings in Chevron were worth $2,505,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tounjian Advisory Partners LLC grew its stake in shares of Chevron by 8.3% during the 3rd quarter. Tounjian Advisory Partners LLC now owns 17,946 shares of the oil and gas company’s stock worth $2,787,000 after acquiring an additional 1,368 shares in the last quarter. Rafferty Asset Management LLC grew its position in Chevron by 18.4% in the third quarter. Rafferty Asset Management LLC now owns 403,646 shares of the oil and gas company’s stock valued at $62,682,000 after purchasing an additional 62,832 shares in the last quarter. American Century Companies Inc. increased its stake in Chevron by 45.6% in the 3rd quarter. American Century Companies Inc. now owns 2,586,278 shares of the oil and gas company’s stock valued at $401,623,000 after buying an additional 810,086 shares during the last quarter. Harvest Portfolios Group Inc. lifted its position in Chevron by 4.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 11,578 shares of the oil and gas company’s stock worth $1,798,000 after buying an additional 488 shares in the last quarter. Finally, Argent Trust Co boosted its stake in shares of Chevron by 1.1% during the 3rd quarter. Argent Trust Co now owns 180,105 shares of the oil and gas company’s stock worth $27,969,000 after buying an additional 1,880 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 1.3%

CVX opened at $186.47 on Friday. The stock’s fifty day simple moving average is $169.52 and its 200 day simple moving average is $159.57. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $187.90. The stock has a market cap of $372.07 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 12.19 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 earnings per share. As a group, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.8%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. 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: Berkshire Hathaway has shifted its portfolio after Buffett’s exit and added to its Chevron stake, a high-profile institutional buyer that can support the stock and signal confidence to other investors. Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
• Positive Sentiment: Coverage from The Motley Fool and other outlets remains bullish on CVX’s upside (including $200 targets) and highlights its attractive yield, which attracts income-focused investors. Is Chevron Stock Going to $200?
• Positive Sentiment: Jim Cramer publicly recommended holding Chevron, calling it a stock that can run higher and highlighting its 3.85% yield — media endorsements can lift retail demand. Jim Cramer on Chevron: “I Would Hold on to That”
• Neutral Sentiment: Macro/sector story: U.S. actions in Venezuela have strengthened Guyana’s oil future, a geopolitical development that supports long-term offshore oil investment and is generally positive for major oil companies’ sector outlook (indirect for Chevron). How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
• Neutral Sentiment: Investor interest in dividend stocks/ETFs (multiple roundup pieces) increases demand for high-yield names like Chevron, but these are broader flows rather than company-specific catalysts. Got $10,000? Put It in These Dividend ETFs Now
• Negative Sentiment: A recent DCF-based intrinsic-value write-up estimates Chevron is overvalued by ~30% (intrinsic value ~$126), a valuation critique that could limit upside or trigger profit-taking among value-focused funds. Our Calculation Of Intrinsic Value: Chevron Corporation

Insider Activity at Chevron

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of Chevron 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 completion of the sale, the insider directly owned 7,161 shares of the company’s stock, valued at approximately $1,247,231.37. This trade represents a 86.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew Benjamin Walz sold 1,463 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.83, for a total value of $268,943.29. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 534,898 shares of company stock valued at $89,543,711. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler dropped their target price on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Morgan Stanley dropped their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a report on Tuesday, January 20th. Finally, UBS Group reissued a “buy” rating and issued a $212.00 target price on shares of Chevron in a research note on Monday, February 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $176.36.

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.