TD Asset Management Inc Raises Stock Holdings in Chevron Corporation $CVX

TD Asset Management Inc raised its position in shares of Chevron Corporation (NYSE:CVX) by 10.6% during the 3rd quarter, Holdings Channel reports. The firm owned 927,615 shares of the oil and gas company’s stock after buying an additional 88,722 shares during the quarter. TD Asset Management Inc’s holdings in Chevron were worth $144,049,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after buying an additional 27,961,463 shares during the period. Norges Bank purchased a new stake in shares of Chevron in the 2nd quarter valued at $2,721,477,000. Bank of New York Mellon Corp increased its stake in shares of Chevron by 27.9% in the third 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 acquiring an additional 4,279,918 shares during the period. Laurel Wealth Advisors LLC raised its holdings in shares of Chevron by 14,194.2% during 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 purchasing an additional 3,696,177 shares during the last quarter. Finally, Berkshire Hathaway Inc lifted its position in Chevron by 2.9% during the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after purchasing an additional 3,454,258 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the transaction, the chief executive officer owned 14,450 shares of the company’s stock, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of Chevron stock in a transaction that occurred 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 directly owned 666 shares in the company, valued at $117,568.98. This represents a 97.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 534,898 shares of company stock worth $89,543,711 in the last three months. 0.21% of the stock is owned by corporate insiders.

Chevron Trading Down 0.6%

Shares of CVX stock opened at $184.23 on Thursday. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $187.90. The company has a market cap of $370.94 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 12.26 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a 50 day simple moving average of $168.02 and a 200-day simple moving average of $159.17.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The firm 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 firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. On average, equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business 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 dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. Chevron’s payout ratio is currently 106.91%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Iraq output upside — Iraq’s oil minister says Chevron is in exclusive talks to take over operations at West Qurna 2 and could nearly double output there to ~800,000 barrels/day, a large potential near‑term production and cash‑flow boost if the deal and ramp proceed. Iraq’s West Qurna 2 oilfield poised for output surge with Chevron, minister says
• Positive Sentiment: Initial stake deals — Chevron has signed initial agreements to acquire a stake in the giant field held by Russia’s Lukoil, signalling material portfolio expansion in Iraq that could underpin production growth. Chevron signs initial deals for stake in giant Iraq oilfield held by Russia’s Lukoil
• Positive Sentiment: Retail / media endorsement — Jim Cramer publicly called Chevron the only stock he’d buy at current levels, a high‑visibility endorsement that can drive short‑term demand from retail traders. Chevron (CVX)’s the Only Company I Would Buy Here, Says Jim Cramer
• Positive Sentiment: Macro rotation into energy — analysis highlights a rotation into energy and capital‑intensive “halo trade” stocks (XLE, Exxon, Chevron) as investors seek inflation‑resistant sectors, providing a favorable demand backdrop. Right Tail Right Now
• Positive Sentiment: New offtake — ship data and sources show Chevron sold Venezuelan crude to India’s Reliance for the first time since 2023, indicating opportunistic trading/marketing that can support near‑term revenue. Chevron sells Venezuelan oil to India’s Reliance for the first time since 2023, ship data and sources say
• Positive Sentiment: Strategic partnerships — coverage notes a strengthening partnership with Hess, which could accelerate development plans and share execution risk on key projects. Chevron: Forming A Strong Partner With Hess
• Neutral Sentiment: Deal risk / higher‑risk asset — analysts note the Iraq stake is high‑risk/high‑reward: meaningful upside if terms, approvals and ramp go smoothly, but execution, partner negotiations and geopolitics add uncertainty. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq. 2 Key Takeaways for Investors.
• Neutral Sentiment: Valuation and relative performance — recent pieces check CVX valuation after a 52‑week high and note the stock has outpaced indexes; these shape positioning but don’t change fundamentals. Chevron (CVX) Valuation Check After 52-Week High And New Offshore Expansion In Greece And Libya
• Neutral Sentiment: Analyst comparisons — comparative analyses with peers (Shell, Exxon) highlight tradeoffs across production, LNG exposure and valuation; useful for portfolio allocation but not a near‑term catalyst. Chevron or Shell: Which Energy Supermajor Has the Edge Now?

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Morgan Stanley dropped their target price on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Wells Fargo & Company boosted their price target on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Thirteen equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $176.36.

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.