Chevron Corporation $CVX Shares Sold by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC cut its holdings in shares of Chevron Corporation (NYSE:CVX) by 93.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 985 shares of the oil and gas company’s stock after selling 13,226 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Chevron were worth $204,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. United Bank boosted its position in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after acquiring an additional 796 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the period. BNP Paribas raised its stake in 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 period. Osterweis Capital Management Inc. boosted its holdings in shares of 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 boosted its holdings in shares of Chevron by 3.6% in 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 purchasing an additional 553 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In related news, Director John B. Hess sold 380,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. This represents a 57.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron raised its quarterly dividend, extending its decades-long record of dividend increases. The move reinforces the company’s appeal to income-focused investors and signals confidence in cash-flow generation. Chevron Lifts Quarterly Dividend
• Positive Sentiment: Chevron is evaluating opportunities in Iraq’s large oil fields and export infrastructure, potentially expanding its upstream presence in a major producing region. Chevron Returns to Iraq
• Positive Sentiment: A Chevron subsidiary awarded a roughly $51 million, multiyear drilling contract for Malaysia’s North Malay Basin gas development. The project supports longer-term production growth, although its immediate earnings impact is likely limited. Chevron Signs North Malay Basin Contract
• Neutral Sentiment: Analysts and fund commentary remain constructive on Chevron’s ability to benefit from elevated commodity prices, but investors are focused on whether second-quarter results and management guidance can support the stock near its buy point. Pre-Q2 Earnings: Is Chevron Stock a Buy, Hold, or Sell?
• Neutral Sentiment: Chief Executive Mike Wirth met with U.S. officials about protecting Chevron’s Kazakhstan assets, highlighting the strategic importance of the operations while also underscoring geopolitical and regulatory exposure. Chevron Meets U.S. Officials Over Kazakhstan Assets
• Negative Sentiment: Crude prices fell sharply after President Trump indicated possible negotiations with Iran, reducing geopolitical supply-risk premiums. Brent and West Texas Intermediate declines pulled the broader energy sector lower and directly pressured Chevron’s near-term earnings outlook. Oil Prices Slide as Trump Touts Possible Negotiations With Iran

Chevron Price Performance

CVX opened at $187.70 on Wednesday. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a 50 day moving average of $181.80 and a two-hundred day moving average of $184.43. The company has a market cap of $373.82 billion, a P/E ratio of 32.53, a P/E/G ratio of 0.63 and a beta of 0.50. 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 issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The business had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.18 EPS. On average, analysts expect that Chevron Corporation will post 15.6 earnings per share for the current year.

Analyst Ratings Changes

CVX has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $216.00 target price on shares of Chevron in a report on Wednesday, May 6th. Mizuho boosted their price target on Chevron from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. UBS Group restated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a report on Tuesday, May 5th. Nineteen research 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 MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.04.

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.