Levin Capital Strategies L.P. Raises Holdings in Chevron Corporation $CVX

Levin Capital Strategies L.P. boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 1,472.1% in the third quarter, Holdings Channel reports. The institutional investor owned 64,991 shares of the oil and gas company’s stock after acquiring an additional 60,857 shares during the period. Levin Capital Strategies L.P.’s holdings in Chevron were worth $10,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quaker Wealth Management LLC boosted its stake in Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Chevron during the 3rd quarter valued at $34,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Chevron in the 3rd quarter worth $41,000. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Melius Research upgraded CVX to a “buy” and lifted its price target to $205, boosting the stock’s medium‑term upside thesis for value and income investors. Article Title
• Positive Sentiment: Chevron-led consortium won offshore exploration rights in Greece (and is expanding footprint in Libya), increasing long‑term upstream optionality and reserves potential if appraisal/exploration results are successful. Article Title
• Positive Sentiment: Chevron raised its quarterly dividend to $1.78 (annualized $7.12), reinforcing its income story and supporting demand from yield‑sensitive investors as Treasury yields have eased. Article Title
• Neutral Sentiment: Sector momentum — energy names are outperforming the S&P YTD — gives Chevron positive tailwinds, but it keeps valuation debates active (cash flow vs. longer‑term transition risks). Article Title
• Neutral Sentiment: Multiple media pieces and comparisons to peers (Exxon, ConocoPhillips) are driving trading interest/volume but do not by themselves change fundamentals. Article Title
• Negative Sentiment: Turkey publicly called the Greece‑Chevron activity off Crete unlawful — creating a geopolitical/regulatory risk that could delay or complicate exploration and attract political/legal scrutiny. Article Title
• Negative Sentiment: Recent insider sales (including large CTO and other disclosures) and related coverage have pressured sentiment and coincide with short‑term selling; the market reacted negatively to these filings. Article Title
• Negative Sentiment: Market reaction suggests the Melius upgrade and price‑target increase haven’t materially shifted conviction—shares “brushed off” the upgrade—highlighting that analyst upgrades alone may not move the stock amid competing news. Article Title

Chevron Trading Up 1.8%

NYSE CVX opened at $183.75 on Thursday. The company has a fifty day moving average of $164.50 and a 200 day moving average of $158.06. The company has a market capitalization of $369.98 billion, a PE ratio of 27.59, a P/E/G ratio of 11.95 and a beta of 0.70. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $186.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping 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 firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the company earned $2.06 earnings per share. Chevron’s revenue for the quarter was down 10.2% compared to the same quarter last year. Research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current 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 paid a $1.78 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Analyst Ratings Changes

Several equities research analysts have weighed in on CVX shares. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target for the company in a report on Tuesday, January 20th. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Bank of America lowered their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of “Hold” and a consensus price target of $176.36.

Insider Activity at Chevron

In other news, insider R. Hewitt Pate sold 41,134 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the transaction, the insider owned 4,169 shares in the company, valued at $735,411.60. This trade represents a 90.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $764,093.66. This represents a 88.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 531,027 shares of company stock valued at $88,833,430 in the last ninety days. 0.21% of the stock is currently owned by company insiders.

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.