Mitchell Capital Management Co. Grows Stock Holdings in Chevron Corporation $CVX

Mitchell Capital Management Co. grew its stake in Chevron Corporation (NYSE:CVX) by 231.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,979 shares of the oil and gas company’s stock after purchasing an additional 3,479 shares during the period. Mitchell Capital Management Co.’s holdings in Chevron were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its stake in shares of Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after buying an additional 11,875 shares during the period. New York State Teachers Retirement System raised its holdings in Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after acquiring an additional 215,345 shares in the last quarter. Pictet North America Advisors SA acquired a new stake in Chevron in the third quarter valued at approximately $5,662,000. New York State Common Retirement Fund lifted its stake in Chevron by 10.2% in the third quarter. New York State Common Retirement Fund now owns 1,894,470 shares of the oil and gas company’s stock worth $294,192,000 after acquiring an additional 175,439 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in Chevron by 7.3% during the 2nd quarter. Mutual Advisors LLC now owns 88,759 shares of the oil and gas company’s stock worth $13,743,000 after acquiring an additional 6,058 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

CVX stock opened at $185.83 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $374.16 billion, a P/E ratio of 27.90, a PEG ratio of 12.25 and a beta of 0.70. The business has a 50 day simple moving average of $161.23 and a 200-day simple moving average of $157.06. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $186.52.

Chevron (NYSE:CVX) last announced its earnings results 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. The business had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. As a group, equities analysts anticipate that Chevron Corporation will post 10.79 EPS 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 issued a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. 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 3.8%. Chevron’s dividend payout ratio is currently 106.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CVX shares. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Bank of America decreased their price target on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, December 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Jefferies Financial Group raised their target price on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Piper Sandler dropped their price target on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $175.00.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron won rights to a prized Sirte Basin block in Libya — its first entry there in years, opening access to large reserves and near-term production optionality. Chevron to enter Libya after winning bid for prized Sirte Basin block
• Positive Sentiment: Market reaction to the Libya award pushed the stock to fresh highs as investors price in reserve growth and longer-term production upside. Chevron Stock Smashes 52-Week High After Big Libya Oil Win
• Positive Sentiment: Chevron raised its quarterly dividend ~4.09% (to $1.78), supporting income-focused demand and signaling free-cash-flow confidence. Chevron Dividend Increase By 4.09%
• Positive Sentiment: Macro/sector tailwinds: investors are rotating into energy as a defensive/high-yield play, which benefits large integrated producers like Chevron. Energy Stocks Are Winning 2026. Why They Could Keep Going.
• Positive Sentiment: Analyst/commentary pieces highlight Chevron’s potential to be a top performer in 2026 based on cost discipline and projected free-cash-flow growth at current oil prices. This Stock Could Be a Top Performer in Its Sector By the End of 2026
• Neutral Sentiment: Corporate moves: leadership shifts and new deals are being cited as factors that could reshape valuation/momentum — watch management commentary for clarity on strategy. Chevron Leadership Shifts And New Deals Shape Valuation And Growth Outlook
• Neutral Sentiment: Comparisons with peers (e.g., Enterprise Products Partners, ConocoPhillips) highlight trade-offs between commodity exposure and steadier cash flows — useful for relative-value decisions. Enterprise Products Partners vs. Chevron
• Negative Sentiment: Reminder of near-term fundamentals: Chevron’s 2025 earnings fell significantly year-over-year, and the stock is trading near highs — raising valuation/mean-reversion risk if oil prices or execution weaken. I Said I’d Buy Chevron Over ConocoPhillips in 2026

Insider Buying and Selling at Chevron

In related news, CTO Thomas Ryder Booth sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $178.43, for a total transaction of $1,070,580.00. Following the transaction, the chief technology officer owned 476 shares of the company’s stock, valued at $84,932.68. This trade represents a 92.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 793,158 shares of company stock valued at $127,919,578. Corporate insiders own 0.21% of the company’s stock.

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.