Chevron Corporation $CVX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Chevron Corporation (NYSE:CVX) by 1.0% during the third quarter, Holdings Channel reports. The firm owned 463,834 shares of the oil and gas company’s stock after selling 4,852 shares during the quarter. Teacher Retirement System of Texas’ holdings in Chevron were worth $72,029,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CVX. Berkshire Hathaway Inc grew its position in shares of 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 worth $17,478,458,000 after acquiring an additional 3,454,258 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Chevron by 4.0% during 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 purchasing an additional 1,342,723 shares during the period. Fisher Asset Management LLC grew its position in Chevron by 1.9% during the 2nd quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock worth $2,982,190,000 after purchasing an additional 378,936 shares during the last quarter. Norges Bank acquired a new position in Chevron in the second quarter valued at $2,721,477,000. Finally, Franklin Resources Inc. raised its holdings in shares of Chevron by 2.1% in the second quarter. Franklin Resources Inc. now owns 17,764,589 shares of the oil and gas company’s stock valued at $2,543,712,000 after buying an additional 370,287 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 0.2%

NYSE:CVX opened at $166.42 on Friday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $169.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a fifty day moving average price of $154.34 and a two-hundred day moving average price of $154.68. The stock has a market capitalization of $335.09 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 10.91 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.48 EPS. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. Chevron’s dividend payout ratio (DPR) is 96.20%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: JPMorgan upgraded CVX, signaling improving analyst sentiment and support for the stock. Chevron (NYSE:CVX) Stock Rating Upgraded by JPMorgan Chase & Co.
• Positive Sentiment: Scotiabank raised its price target for CVX to $168, which may buoy investor expectations for upside. Scotiabank raises CVX target to $168
• Positive Sentiment: Chevron is set to complete the sale of its 50% stake in Singapore Refining Company by Q1, a move management frames as portfolio simplification and redeployable capital into higher-margin opportunities. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Positive Sentiment: Potential upstream catalysts — progress on Leviathan expansion and easing Venezuela exposure — are highlighted by analysts as structural upside for CVX’s production profile and valuation. U.S. Moves on Venezuela and Leviathan Gas Might Change The Case For Investing In Chevron (CVX)
• Neutral Sentiment: Analyst and media pieces continue to re-evaluate CVX on yield, balance sheet strength and the post-Hess merger footprint — useful for longer-term thesis but less likely to drive immediate moves. Analysts Offer Insights on Energy Companies: Chevron (CVX)
• Neutral Sentiment: Talks with Turkey’s TPAO on joint exploration could add future upside but are early-stage and not an immediate earnings driver. Chevron and Turkey in Talks for Joint Oil & Gas Exploration
• Negative Sentiment: Production at the Tengiz field in Kazakhstan (Tengizchevroil, 50% owned by Chevron) remains shut with no restart yet; lost volumes and near-term revenue disruption from one of the world’s largest fields are the primary catalyst for downward pressure on CVX today. Kazakhstan’s Tengiz oil production has not yet resumed, Chevron says

Insider Activity at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $4,676,526.70. Following the sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This represents a 86.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 635,190 shares of company stock valued at $100,254,408 in the last 90 days. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research report on Tuesday. Barclays boosted their target price on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a report on Wednesday. Hsbc Global Res upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Wall Street Zen lowered shares of Chevron from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, Raymond James Financial restated an “outperform” rating and set a $160.00 price objective (down previously from $170.00) on shares of Chevron in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus target price of $170.29.

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.