Meriwether Wealth & Planning LLC Has $752,000 Stock Position in Chevron Corporation $CVX

Meriwether Wealth & Planning LLC reduced its holdings in shares of Chevron Corporation (NYSE:CVX) by 38.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,937 shares of the oil and gas company’s stock after selling 3,085 shares during the period. Meriwether Wealth & Planning LLC’s holdings in Chevron were worth $752,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. United Bank grew its holdings in shares of Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 796 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in Chevron by 9.0% in the 2nd 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. Schroder Investment Management Group boosted its position in Chevron by 6.5% in the second quarter. Schroder Investment Management Group now owns 1,239,804 shares of the oil and gas company’s stock valued at $177,528,000 after buying an additional 75,445 shares in the last quarter. Leuthold Group LLC acquired a new stake in Chevron in the second quarter valued at approximately $366,000. Finally, VestGen Advisors LLC grew its stake in shares of Chevron by 13.9% during the second quarter. VestGen Advisors LLC now owns 34,637 shares of the oil and gas company’s stock worth $5,123,000 after buying an additional 4,219 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Australian cyclone knocked out production at major LNG hubs, tightening global gas supply and supporting higher energy prices, a tailwind for Chevron’s commodity-linked cash flow. Cyclone Causes Outages at Australia’s Top LNG Projects
• Positive Sentiment: Morgan Stanley raised its price target to $212 and set an “overweight” rating, signaling buy-side support and helping push CVX higher. Benzinga: Morgan Stanley price target
• Positive Sentiment: Bernstein also lifted its price target on Chevron amid a stronger crude backdrop, reinforcing the narrative that majors benefit from the current oil rally. MSN: Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2026/FY2027 EPS forecasts for Chevron, reflecting better-than-expected earnings power as oil prices stay elevated. MarketBeat: Erste Group EPS revisions
• Positive Sentiment: Market positioning has shifted to defensive, dividend-paying sectors; several market roundups note oil majors including CVX outperforming amid geopolitical risk. Seeking Alpha: Market shifts to defense
• Positive Sentiment: Multiple outlets and analysts praise Chevron’s low breakeven, high-quality asset base and dividend profile, which supports momentum and income-focused buying. Zacks: Chevron momentum
• Neutral Sentiment: Chevron reported production outages at its Australian Gorgon and Wheatstone facilities tied to the cyclone — positive for global price signals but a near-term hit to CVX production, leaving the net impact mixed. Reuters: Chevron outage
• Neutral Sentiment: Consensus brokerage coverage remains around “hold” even as some firms raise targets — suggests upside is recognized but some caution persists. AmericanBankingNews: Consensus hold
• Negative Sentiment: Political/insider optics: a U.S. Representative who publicly backed military action sold Chevron stock at all-time highs, drawing negative headlines and governance/PR risk. Benzinga: Congressman sold Chevron stock
• Negative Sentiment: Analyst commentary raises macro risk scenarios (e.g., high oil in $130–$140 range) that could hurt economic growth and introduce volatility—even if commodity-linked cash flows initially rise. Seeking Alpha: $130-$140 oil risks

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup increased their price target on Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Argus set a $203.00 target price on Chevron in a research report on Tuesday, February 3rd. BMO Capital Markets restated an “outperform” rating and set a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Wells Fargo & Company raised their price objective on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Finally, HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday, March 20th. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $186.50.

Chevron Trading Up 0.1%

Shares of CVX stock opened at $211.31 on Monday. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $212.46. 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 $421.64 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.76 and a beta of 0.67. The stock has a 50-day moving average of $185.52 and a 200-day moving average of $165.26.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter last year, the business earned $2.06 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. On average, equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.4%. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Insider Buying and Selling at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.20% of the stock is owned by corporate insiders.

About Chevron

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.