LSV Asset Management Trims Stock Position in Chevron Corporation $CVX

LSV Asset Management cut its holdings in Chevron Corporation (NYSE:CVX) by 42.1% during the 3rd quarter, Holdings Channel reports. The fund owned 100,991 shares of the oil and gas company’s stock after selling 73,365 shares during the period. LSV Asset Management’s holdings in Chevron were worth $15,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Onyx Bridge Wealth Group LLC grew its stake in shares of Chevron by 5.1% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 11,788 shares of the oil and gas company’s stock valued at $1,831,000 after acquiring an additional 573 shares during the period. Willis Johnson & Associates Inc. lifted its holdings in Chevron by 39.5% during the third quarter. Willis Johnson & Associates Inc. now owns 31,373 shares of the oil and gas company’s stock valued at $4,872,000 after purchasing an additional 8,889 shares in the last quarter. Mechanics Financial Corp boosted its position in shares of Chevron by 1.4% in the third quarter. Mechanics Financial Corp now owns 12,499 shares of the oil and gas company’s stock worth $1,941,000 after purchasing an additional 170 shares during the period. Cibc World Market Inc. increased its stake in shares of Chevron by 14.8% in the third quarter. Cibc World Market Inc. now owns 663,931 shares of the oil and gas company’s stock worth $103,102,000 after purchasing an additional 85,553 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Chevron during the 3rd quarter valued at $11,268,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVX. Scotiabank reaffirmed a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a report on Friday, January 16th. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. Argus set a $203.00 target price on Chevron in a research report on Tuesday, February 3rd. HSBC downgraded Chevron from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research note on Monday, February 2nd. Finally, Jefferies Financial Group upped their price target on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $175.00.

Insider Activity at Chevron

In other Chevron news, Vice Chairman Mark A. Nelson sold 45,800 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the completion of the transaction, the insider owned 7,161 shares in the company, valued at $1,247,231.37. This trade represents a 86.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Thomas Ryder Booth sold 6,000 shares of the business’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 completion of the sale, the chief technology officer owned 476 shares in the company, valued at approximately $84,932.68. This trade represents a 92.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 793,163 shares of company stock valued at $127,920,502 over the last quarter. 0.21% of the stock is currently owned by insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela is set to grant additional oil drilling blocks to Chevron and Repsol, a development that would expand production opportunity and reserves in a high-impact basin. Venezuela set to grant more oil drilling blocks to Chevron, Repsol – Bloomberg
• Positive Sentiment: Chevron has begun processing Venezuelan crude at a Gulf Coast refinery — a tangible near-term boost to volumes/refining feedstock access and a sign of resumed operations tied to political changes. Inside Chevron’s flagship refinery tapping into Venezuelan crude after Maduro’s capture
• Positive Sentiment: Chevron is returning to Libya and pursuing exploration/blocks in the Sirte Basin — a move that increases long‑term upstream optionality if political/security conditions hold. Big Oil embraces global exploration again as Chevron returns to Libya
• Positive Sentiment: Company scale in the Permian (1M boe/d) and deployment of AI/mineral-right advantages were highlighted as drivers of cash flow and cost efficiency — supportive for free cash flow and shareholder returns. Chevron’s Permian Scale Drives Cash Flow and Efficiency Edge
• Positive Sentiment: Unusual options activity: traders bought roughly 1,009,814 call options (a ~2,066% jump vs. typical volume), signaling bullish sentiment or speculative positioning that can add upward price momentum.
• Neutral Sentiment: Bangchak has acquired Chevron’s Hong Kong unit as part of regional restructuring — a non-core asset sale that is likely neutral to core upstream earnings but could slightly simplify regional operations. Bangchak acquires Chevron’s Hong Kong unit to fuel regional expansion
• Neutral Sentiment: Insider disclosure: Chevron CTO Thomas Ryder Booth sold 5 shares (de minimis), an immaterial transaction unlikely to affect investor view. SEC Form 4 disclosure

Chevron Trading Up 0.7%

Shares of CVX stock opened at $183.65 on Friday. 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 stock has a market capitalization of $369.79 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 12.35 and a beta of 0.70. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $186.52. The stock’s 50-day moving average price is $162.51 and its 200-day moving average price is $157.43.

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

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

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.