Synergy Asset Management LLC Cuts Stock Position in Chevron Corporation $CVX

Synergy Asset Management LLC trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 98.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,361 shares of the oil and gas company’s stock after selling 70,934 shares during the quarter. Synergy Asset Management LLC’s holdings in Chevron were worth $207,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Moulton Wealth Management Inc. increased its stake in Chevron by 1.6% during the fourth quarter. Moulton Wealth Management Inc. now owns 4,930 shares of the oil and gas company’s stock worth $769,000 after purchasing an additional 77 shares during the period. Kathmere Capital Management LLC lifted its position in shares of Chevron by 8.4% during the fourth quarter. Kathmere Capital Management LLC now owns 5,929 shares of the oil and gas company’s stock worth $904,000 after purchasing an additional 459 shares in the last quarter. Butensky & Cohen Financial Security Inc. boosted its stake in shares of Chevron by 4.1% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 35,808 shares of the oil and gas company’s stock valued at $5,457,000 after purchasing an additional 1,420 shares during the period. Bank & Trust Co boosted its stake in shares of Chevron by 6.8% in the fourth quarter. Bank & Trust Co now owns 10,939 shares of the oil and gas company’s stock valued at $1,667,000 after purchasing an additional 700 shares during the period. Finally, Sendero Wealth Management LLC grew its holdings in shares of Chevron by 6.5% in the fourth quarter. Sendero Wealth Management LLC now owns 6,528 shares of the oil and gas company’s stock valued at $995,000 after purchasing an additional 400 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Up 1.7%

Shares of Chevron stock opened at $211.31 on Friday. 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 52-week low of $132.04 and a 52-week high of $212.46. The company has a market capitalization of $421.64 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.73 and a beta of 0.67. The company has a 50 day moving average of $185.52 and a 200 day moving average of $165.14.

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

Chevron Increases Dividend

The firm 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. This represents a $7.12 annualized dividend and a yield of 3.4%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is currently 106.91%.

Insider Buying and Selling

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Hewitt Pate sold 47,200 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $192.12, for a total value of $9,068,064.00. Following the transaction, the insider directly owned 8,558 shares of the company’s stock, valued at approximately $1,644,162.96. This represents a 84.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,099,397 shares of company stock valued at $196,196,468 over the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Chevron

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CVX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Barclays raised their price target on shares of Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, February 17th. Finally, Piper Sandler lifted their target price on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $186.50.

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.