Mirae Asset Global Investments Co. Ltd. Increases Holdings in Chevron Corporation $CVX

Mirae Asset Global Investments Co. Ltd. raised its position in Chevron Corporation (NYSE:CVX) by 4.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 916,882 shares of the oil and gas company’s stock after purchasing an additional 40,312 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Chevron were worth $142,383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vishria Bird Financial Group LLC increased its holdings in Chevron by 1.2% during the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock valued at $821,000 after acquiring an additional 65 shares in the last quarter. Nexus Investment Management ULC grew its position in shares of Chevron by 0.9% in the third quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company’s stock valued at $1,187,000 after purchasing an additional 65 shares during the last quarter. Scott & Selber Inc. increased its stake in shares of Chevron by 0.5% during the 3rd quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company’s stock worth $2,079,000 after purchasing an additional 65 shares in the last quarter. White Knight Strategic Wealth Advisors LLC raised its position in shares of Chevron by 3.0% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock worth $319,000 after purchasing an additional 65 shares during the last quarter. Finally, William B. Walkup & Associates Inc. lifted its stake in Chevron by 1.0% in the 3rd quarter. William B. Walkup & Associates Inc. now owns 6,356 shares of the oil and gas company’s stock valued at $987,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: BMO Capital maintained a Buy rating and a $170 price target, citing improved Permian well data and clearer long-term production visibility — supportive of the near-term growth narrative. Read More.
• Positive Sentiment: Large asset managers such as BlackRock and Vanguard have been increasing positions in Chevron, signaling institutional confidence and potential steady buying demand. Read More.
• Positive Sentiment: Chevron appointed Thomas W. Horton to the board and the audit committee — adds governance depth and financial oversight experience, which investors typically view favorably. Read More.
• Positive Sentiment: Chevron-led JV reported a “significant” oil discovery offshore Nigeria, supporting future reserve and production upside. Read More.
• Positive Sentiment: Signed an MoU with Libya’s NOC to resume exploration activity after a long absence — expands the company’s international upstream opportunities. Read More.
• Positive Sentiment: High-profile endorsements (e.g., Jim Cramer) continue to highlight Chevron’s cash generation and buyback/dividend profile, supporting sentiment among income-focused investors. Read More.
• Neutral Sentiment: Wall Street coverage remains cautiously bullish overall — analysts like the long-term outlook even though CVX has lagged the S&P over the past year. This suggests steady analyst support but limited near-term upside surprise. Read More.
• Neutral Sentiment: Market is focused on upcoming Q4 earnings (reporting Jan. 30). Expect volatility around results; consensus and guidance will be the next major catalyst. Read More.
• Negative Sentiment: Chevron is pushing Iraq for improved commercial terms before taking over Lukoil’s West Qurna-2 field — negotiations could delay the transaction or limit economics, creating near-term uncertainty and execution risk. Read More.
• Negative Sentiment: Chevron has been increasing Venezuelan shipments amid tighter U.S. controls — while volumes help revenue, the move raises regulatory and political risk that investors may penalize. Read More.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CVX. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Bank of America reduced their price target on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Raymond James Financial reiterated an “outperform” rating and issued a $160.00 target price (down from $170.00) on shares of Chevron in a research note on Friday, October 17th. Morgan Stanley lowered their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday. Finally, Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. One investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $170.00.

Chevron Stock Up 0.5%

Shares of NYSE:CVX opened at $169.95 on Wednesday. The stock has a 50-day simple moving average of $155.08 and a 200-day simple moving average of $155.03. The stock has a market capitalization of $342.19 billion, a P/E ratio of 23.84, a PEG ratio of 11.83 and a beta of 0.70. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $169.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

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

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.0%. Chevron’s payout ratio is 96.20%.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 320,700 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at approximately $2,355,205.50. This trade represents a 95.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alana K. Knowles sold 3,200 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the sale, the insider directly owned 1,207 shares in the company, valued at approximately $202,776. This trade represents a 72.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 635,190 shares of company stock worth $100,254,408 in the last ninety days. 0.20% of the stock is currently owned by company insiders.

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.