Journey Strategic Wealth LLC Has $4.83 Million Stake in Chevron Corporation $CVX

Journey Strategic Wealth LLC raised its holdings in Chevron Corporation (NYSE:CVX) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,125 shares of the oil and gas company’s stock after purchasing an additional 3,104 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Chevron were worth $4,833,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Davis R M Inc. raised its holdings in shares of Chevron by 5.7% in the third quarter. Davis R M Inc. now owns 27,149 shares of the oil and gas company’s stock valued at $4,216,000 after buying an additional 1,459 shares during the last quarter. Bahl & Gaynor Inc. increased its position in Chevron by 1.0% in the 3rd quarter. Bahl & Gaynor Inc. now owns 2,263,166 shares of the oil and gas company’s stock valued at $351,447,000 after acquiring an additional 23,178 shares in the last quarter. Finemark National Bank & Trust increased its position in Chevron by 40.3% in the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after acquiring an additional 16,243 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in shares of Chevron by 4.1% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 20,275 shares of the oil and gas company’s stock worth $3,149,000 after acquiring an additional 801 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its position in shares of Chevron by 1.2% during the third quarter. New Age Alpha Advisors LLC now owns 38,360 shares of the oil and gas company’s stock worth $5,957,000 after purchasing an additional 437 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, insider Andrew Benjamin Walz sold 1,463 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 534,898 shares of company stock valued at $89,543,711. Corporate insiders own 0.20% of the company’s stock.

Key Stories 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

Analyst Upgrades and Downgrades

CVX has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. TD Cowen lifted their target price on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Wells Fargo & Company boosted their target price on Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Finally, Piper Sandler dropped their price objective on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and a consensus price target of $176.36.

Chevron Stock Up 1.3%

Shares of Chevron stock opened at $186.47 on Monday. The business has a fifty day simple moving average of $169.52 and a 200 day simple moving average of $159.64. The stock has a market cap of $372.07 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 12.36 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $187.90.

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, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. Research analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company 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. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio is presently 106.91%.

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.