Capital International Sarl Sells 13,023 Shares of Chevron Corporation $CVX

Capital International Sarl cut its position in shares of Chevron Corporation (NYSE:CVX) by 36.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 22,314 shares of the oil and gas company’s stock after selling 13,023 shares during the period. Capital International Sarl’s holdings in Chevron were worth $3,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. Vanguard Group Inc. lifted its position in Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after buying an additional 27,961,463 shares during the period. Berkshire Hathaway Inc grew its position in shares of Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after buying an additional 3,454,258 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Chevron by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after acquiring an additional 1,342,723 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Chevron by 1.6% during the third quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company’s stock valued at $3,284,704,000 after purchasing an additional 325,255 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Chevron by 27.9% in the 3rd 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 buying an additional 4,279,918 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider R. Hewitt Pate sold 47,200 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $192.12, for a total value of $9,068,064.00. Following the transaction, the insider owned 8,558 shares in the company, valued at $1,644,162.96. This represents a 84.65% 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 Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,099,397 shares of company stock worth $196,196,468. Company insiders own 0.20% of the company’s stock.

Chevron Stock Performance

Shares of NYSE CVX opened at $186.38 on Wednesday. The firm’s 50-day moving average price is $174.83 and its 200-day moving average price is $161.29. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $192.41. The company has a market cap of $371.89 billion, a PE ratio of 27.98, a PEG ratio of 1.91 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

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, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. As a group, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is presently 106.91%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CVX. Freedom Capital cut Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Argus set a $203.00 price target on shares of Chevron in a research note on Tuesday, February 3rd. Finally, Barclays increased their price objective on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $178.95.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron confirmed a quarterly dividend of $1.78 per share (a 4% increase), continuing its multi‑decade dividend-growth record — a steady income driver that supports demand for CVX shares. Chevron Pays $1.78 Dividend Today
• Positive Sentiment: Chevron secured a five‑year gas supply deal with Horizon Power (14 PJ), reinforcing contracted cash flow and regional supply position in Western Australia. Chevron Secures Long-Term Gas Supply Deal
• Neutral Sentiment: Reports that Chevron was in talks to buy a stake in Brazil’s Ipiranga elevated M&A upside, but Ultrapar later issued a clarification about media reports — leaving deal prospects uncertain. Ultrapar Clarifies Media Report
• Neutral Sentiment: Earlier coverage (Reuters) said Ultrapar tapped BTG to explore an Ipiranga stake sale with reported Chevron interest — potential strategic upside if pursued, but not confirmed. Reuters: Ultrapar Taps BTG
• Negative Sentiment: Energy headlines drove intraday swings: Trump’s comment predicting a quick Iran conflict end and a false government social post caused oil to tumble after an earlier spike — that volatility pressured oil majors, including Chevron. Oil Prices Bounce As Iran Blockade Holds
• Negative Sentiment: Large insider selling was disclosed: R. Hewitt Pate sold ~47,200 shares at about $192 — a high-value sale that can undermine sentiment even if not company‑wide. SEC Form 4
• Negative Sentiment: Analyst and market commentary is mixed-to-cautious: pieces warning of a market top or that “smart money” is rethinking Chevron add to selling pressure. Seeking Alpha: Avoid Market Top Yahoo: Why the Smart Money May Be Abandoning
• Negative Sentiment: Operational/regulatory headlines — reports about suspending production at the Leviathan field and Chevron’s public clash with California policy makers — add localized risk narratives that can weigh on sentiment. InsiderMonkey: Leviathan Suspension Benzinga: Chevron Slams Newsom Policy

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.