Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in Chevron Corporation $CVX

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Chevron Corporation (NYSE:CVX) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 924,069 shares of the oil and gas company’s stock after selling 32,327 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Chevron were worth $140,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Decker Retirement Planning Inc. purchased a new position in shares of Chevron during the third quarter valued at approximately $34,000. Marquette Asset Management LLC bought a new position in Chevron during the third quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. Daytona Street Capital LLC bought a new stake in Chevron in the 4th quarter worth approximately $44,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Chevron in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the transaction, the insider owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. This represents a 92.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 22,200 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total value of $3,918,966.00. Following the completion of the sale, the insider owned 666 shares of the company’s stock, valued at $117,568.98. The trade was a 97.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 779,407 shares of company stock worth $145,972,971 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Chevron Trading Down 0.2%

Shares of NYSE:CVX opened at $184.79 on Tuesday. The stock has a 50 day moving average of $192.59 and a 200 day moving average of $170.51. The company has a market cap of $368.15 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 0.78 and a beta of 0.60. Chevron Corporation has a 12-month low of $133.77 and a 12-month high of $214.71. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last released its 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. The company 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 7.89%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 EPS. As a group, equities research analysts expect that Chevron Corporation will post 12.49 EPS for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is 106.91%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CVX. Bank of America boosted their target price on shares of Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Mizuho lifted their price objective on Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 target price on shares of Chevron in a report on Monday, February 2nd. Finally, Argus set a $203.00 target price on Chevron in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.09.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warnings that tightening jet-fuel supplies could worsen signal stronger refining margins and pricing power for Chevron if fuel shortages persist, a near-term support for earnings. Chevron CEO warns aviation strain could worsen as jet fuel crunch deepens
• Positive Sentiment: Chelsea management (CEO Mike Wirth) says the Strait of Hormuz disruptions and constrained inventories could keep oil prices elevated for an extended period — supportive for CVX’s upstream cash flow and margins. Chevron CEO Mike Wirth Warns Oil Prices Face Prolonged Pressure
• Positive Sentiment: Analyst/commentary pieces are flagging Chevron’s recent pullback as a potential buying opportunity ahead of earnings, which could attract value-oriented buyers if guidance or results beat. Chevron’s Pullback May Be a Buying Opportunity—Even If the War Ends
• Neutral Sentiment: Broader market volatility ahead of a major Fed meeting and heavy corporate earnings week raises macro risk and could amplify moves in energy stocks, including CVX. Week ahead: Big Tech earnings, Fed decision, and an oil crisis set up Wall Street’s biggest test of the year
• Neutral Sentiment: Strait of Hormuz disruptions are having an outsized effect on global LNG markets versus oil; this supports longer‑term commodity price risk but affects CVX differently across upstream/refining businesses. Why Strait of Hormuz disruption is more severe for global LNG markets than for oil
• Neutral Sentiment: Options-market activity: with oil off recent highs, put premiums on Chevron remain elevated — signaling higher hedging/trading interest rather than a clear directional bet. Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields
• Negative Sentiment: Governance concerns raised around Chevron’s Venezuelan plans (partner disputes over transparency and legality) add execution and regulatory risk to any expansion there — a potential negative catalyst for future reserves and production growth. Chevron Governance Questions In Venezuela Add A New Risk Consideration
• Negative Sentiment: Management notes that Venezuela must do more to revive its oil industry; labor shortages and reliance on policy changes mean Chevron’s Venezuela upside is uncertain and may be slower than investors hope. Chevron CEO Says Venezuela Must Do More for Oil Industry Revival
• Negative Sentiment: Small institutional trimming: BKM Wealth Management reduced its CVX stake modestly, a minor negative signal on demand from that holder. BKM Wealth Management LLC Sells 5,036 Shares of Chevron Corporation $CVX

Chevron 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.