Mitsubishi UFJ Asset Management Co. Ltd. Has $655.32 Million Stock Position in Chevron Corporation $CVX

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Chevron Corporation (NYSE:CVX) by 21.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,219,991 shares of the oil and gas company’s stock after buying an additional 739,248 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Chevron were worth $655,322,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Castellan Group boosted its position in Chevron by 10.7% during the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after acquiring an additional 1,965 shares during the period. United Bank boosted its holdings in shares of Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. boosted its holdings in shares of Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the period. Advisory Alpha LLC grew its position in Chevron by 1.5% during the second quarter. Advisory Alpha LLC now owns 9,443 shares of the oil and gas company’s stock valued at $1,352,000 after purchasing an additional 136 shares in the last quarter. Finally, Zhang Financial LLC increased its stake in Chevron by 20.1% in the 2nd quarter. Zhang Financial LLC now owns 6,613 shares of the oil and gas company’s stock valued at $947,000 after buying an additional 1,106 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Chevron News

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?

Chevron Stock Down 0.6%

Chevron stock opened at $184.23 on Thursday. 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 Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $187.90. The firm has a fifty day moving average price of $168.02 and a two-hundred day moving average price of $159.17. The firm has a market cap of $370.94 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 12.26 and a beta of 0.70.

Chevron (NYSE:CVX) last posted its quarterly earnings data 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. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The business had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period in the previous year, the company posted $2.06 earnings per share. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, 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. Stockholders of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio is presently 106.91%.

Analysts Set New Price Targets

CVX has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research note on Tuesday, January 20th. Wells Fargo & Company upped their target price on Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Argus set a $203.00 price target on Chevron in a research note on Tuesday, February 3rd. Freedom Capital cut Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Finally, TD Cowen increased their price objective on Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Thirteen investment 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. According to data from MarketBeat.com, Chevron has an average rating of “Hold” and an average price target of $176.36.

Insider Buying and Selling

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 value of $7,976,986.00. Following the completion of the sale, the insider directly owned 7,161 shares of the company’s stock, valued at $1,247,231.37. This represents a 86.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider R. Hewitt Pate sold 41,134 shares of the business’s stock in a transaction dated 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 approximately $735,411.60. The trade was a 90.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 534,898 shares of company stock valued at $89,543,711 in the last ninety days. Company 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.