Guinness Asset Management LTD Decreases Stock Position in Chevron Corporation $CVX

Guinness Asset Management LTD lessened its stake in Chevron Corporation (NYSE:CVX) by 11.3% in the third quarter, HoldingsChannel reports. The fund owned 71,975 shares of the oil and gas company’s stock after selling 9,142 shares during the period. Guinness Asset Management LTD’s holdings in Chevron were worth $11,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CVX. Norges Bank purchased a new stake in shares of Chevron in the 2nd quarter worth about $2,721,477,000. Bank of New York Mellon Corp boosted its position in shares of Chevron by 27.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after purchasing an additional 4,279,918 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in Chevron by 14,194.2% in the second quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock worth $532,984,000 after acquiring an additional 3,696,177 shares in the last quarter. Berkshire Hathaway Inc boosted its stake in Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after purchasing an additional 3,454,258 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Chevron by 32.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,125,735 shares of the oil and gas company’s stock valued at $1,417,135,000 after buying an additional 2,218,283 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In related news, insider Andrew Benjamin Walz sold 22,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the completion of the sale, the insider directly owned 666 shares of the company’s stock, valued at approximately $117,568.98. This trade represents a 97.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the completion of the transaction, the insider directly owned 7,161 shares in the company, valued at $1,247,231.37. This trade represents a 86.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 793,158 shares of company stock valued at $127,919,578. Company insiders own 0.21% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron raised its quarterly dividend to $1.78 (4.0% yield), boosting income-focused demand and underscoring management’s cash-return priorities. Dividend Hike Coverage
• Positive Sentiment: Several sell-side shops have raised targets or reiterated bullish views (Wells Fargo, Goldman Sachs, TD Cowen commentary), supporting upside expectations and likely providing buying support after recent gains. Wells Fargo Price Target Raise
• Positive Sentiment: Project and M&A progress: Chevron committed to the Yoyo‑Yolanda gas project (Cameroon/Equatorial Guinea) and signed an initial offshore exploration MoU in Syrian waters with a Qatari partner — potential long‑term production upside. Yoyo-Yolanda Project
• Neutral Sentiment: Q4 results were mixed: EPS beat ( $1.52 vs. $1.44 est.) but revenue missed materially, leaving guidance/cash‑flow narratives intact but tempering enthusiasm about near‑term top‑line growth. Q4 Presentation
• Neutral Sentiment: Senior leadership changes were announced for 2026 (internal promotions, retirements) — operationally neutral for now but something investors will watch for execution risk. Leadership Changes
• Negative Sentiment: Heavy insider selling by multiple executives (including recent Form 4 filings for Andrew Walz, CTO Thomas Booth and CFO Eimear Bonner) is creating short‑term sentiment pressure and may signal portfolio rebalancing by insiders. Walz Form 4 Bonner Form 4
• Negative Sentiment: Oil prices softened after U.S.–Iran tensions eased, trimming a supply‑risk premium and pressuring integrated majors’ near‑term revenue and margins. Oil Price Slide
• Negative Sentiment: Some firms (e.g., HSBC and a subset of boutiques) have trimmed views or stayed on Hold, arguing much upside is priced in — these notes can cap rallies and weigh on momentum. HSBC Cut

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. HSBC cut shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Monday. Jefferies Financial Group lifted their target price on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a research note on Monday. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $175.00.

Chevron Trading Down 1.1%

CVX stock opened at $179.20 on Friday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $182.59. The stock has a market capitalization of $360.83 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 12.49 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $158.70 and its two-hundred day simple moving average is $156.19.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The firm had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the previous year, the company earned $2.06 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Chevron’s payout ratio is currently 106.91%.

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.