Mitsubishi UFJ Trust & Banking Corp Acquires 173,342 Shares of Chevron Corporation $CVX

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Chevron Corporation (NYSE:CVX) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 956,396 shares of the oil and gas company’s stock after acquiring an additional 173,342 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Chevron worth $148,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UniSuper Management Pty Ltd grew its stake in Chevron by 37.4% in the third quarter. UniSuper Management Pty Ltd now owns 135,943 shares of the oil and gas company’s stock valued at $21,111,000 after purchasing an additional 36,974 shares during the last quarter. Birch Financial Group LLC lifted its position in shares of Chevron by 32.5% during the third quarter. Birch Financial Group LLC now owns 6,420 shares of the oil and gas company’s stock valued at $997,000 after buying an additional 1,573 shares during the last quarter. Drive Wealth Management LLC lifted its position in shares of Chevron by 14.6% during the third quarter. Drive Wealth Management LLC now owns 11,281 shares of the oil and gas company’s stock valued at $1,752,000 after buying an additional 1,436 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Chevron by 16.2% in the 3rd quarter. Jennison Associates LLC now owns 1,031,837 shares of the oil and gas company’s stock valued at $160,234,000 after buying an additional 144,212 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its position in shares of Chevron by 0.7% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 22,064 shares of the oil and gas company’s stock worth $3,432,000 after buying an additional 152 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $160.00 target price (down previously from $170.00) on shares of Chevron in a research report on Friday, October 17th. Barclays upped their price target on Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Citigroup decreased their price objective on Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a report on Monday, January 5th. UBS Group restated a “buy” rating on shares of Chevron in a research note on Monday, December 1st. Finally, Wells Fargo & Company upped their target price on Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Hold” and an average price target of $170.00.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Heavy options activity suggests institutional bullishness — Benzinga reports “smart money” is placing large bets in CVX options, which can signal traders positioning for upside or volatility. Smart Money Is Betting Big In CVX Options
• Positive Sentiment: Broker upgrades/target increases are lifting sentiment — JPMorgan upgraded CVX and Scotiabank raised its target to $168, providing analyst support for the stock. Chevron Stock Rating Upgraded by JPMorgan Chase & Co. Scotiabank raises CVX target to $168
• Positive Sentiment: Portfolio moves and buy-side commentary emphasize CVX’s yield and balance-sheet strength — The Motley Fool and dividend-screen lists continue to feature Chevron as an income pick, which can attract long-term income-focused buyers. 3 Reasons to Buy Chevron Stock Like There’s No Tomorrow Best Dividend Stocks to Buy in 2026
• Positive Sentiment: Asset-sale progress to streamline portfolio — Chevron expects to conclude the sale of its Singapore refining stake by Q1, which could free cash and improve capital allocation. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Neutral Sentiment: Longer-term catalysts under review — Coverage pieces highlight Leviathan expansion, progress on Venezuela exposure and post‑Hess integration as potential longer-term upside drivers; these are not immediate earnings drivers but could affect valuation over time. Chevron (CVX) Valuation Check After Leviathan Expansion U.S. Moves on Venezuela and Leviathan Gas Might Change The Case For Investing In Chevron
• Neutral Sentiment: Analyst commentary roundup — The Globe and Mail and other outlets are publishing analyst insights on CVX; useful for context but not single‑handedly market moving. Analysts Offer Insights on Energy Companies: Chevron (CVX)
• Negative Sentiment: Operational disruption at Tengiz is a near-term headwind — Chevron says production at the large Tengiz field in Kazakhstan has not resumed following a recent shutdown, which could trim volumes and revenue while outage persists. Kazakhstan’s Tengiz oil production has not yet resumed, Chevron says
• Negative Sentiment: Q4 earnings expectations look weak — A Zacks preview notes Chevron lacks the key ingredients for an earnings beat and Q4 EPS are expected to decline, which raises the risk of a disappointed reaction when the company reports. Earnings Preview: Chevron (CVX) Q4 Earnings Expected to Decline

Chevron Price Performance

NYSE CVX opened at $166.74 on Friday. The company has a market cap of $335.73 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 10.90 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The stock’s fifty day moving average price is $154.52 and its 200 day moving average price is $154.81. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $169.37.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.48 EPS. As a group, equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. Chevron’s dividend payout ratio is currently 96.20%.

Insider Transactions at Chevron

In other news, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This represents a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eimear P. Bonner sold 28,334 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the sale, the chief financial officer owned 4,366 shares in the company, valued at $720,608.30. The trade was a 86.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 635,190 shares of company stock worth $100,254,408 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

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.