Munich Reinsurance Co Stock Corp in Munich Purchases New Holdings in Chevron Corporation $CVX

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Chevron Corporation (NYSE:CVX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 439,345 shares of the oil and gas company’s stock, valued at approximately $68,226,000. Chevron makes up approximately 1.7% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 15th biggest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Ameriflex Group Inc. raised its stake in shares of Chevron by 52.2% during the 3rd quarter. Ameriflex Group Inc. now owns 14,293 shares of the oil and gas company’s stock worth $2,220,000 after purchasing an additional 4,900 shares in the last quarter. Angeles Wealth Management LLC grew its stake in shares of Chevron by 12.7% in the third quarter. Angeles Wealth Management LLC now owns 10,818 shares of the oil and gas company’s stock valued at $1,680,000 after buying an additional 1,221 shares in the last quarter. Blair William & Co. IL increased its holdings in Chevron by 2.4% during the third quarter. Blair William & Co. IL now owns 668,728 shares of the oil and gas company’s stock worth $103,847,000 after buying an additional 15,814 shares during the last quarter. Baltimore Washington Financial Advisors Inc. bought a new stake in Chevron during the third quarter worth $395,000. Finally, Cedar Wealth Management LLC raised its position in Chevron by 6.6% during the third quarter. Cedar Wealth Management LLC now owns 2,103 shares of the oil and gas company’s stock worth $327,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This represents a 89.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the sale, the insider directly owned 8,558 shares of the company’s stock, valued at $1,614,466.70. This represents a 87.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,052,197 shares of company stock worth $187,128,404 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. launches $20B tanker reinsurance program, supporting crude above $90 and reducing shipping-risk premium — higher crude prices improve Chevron’s upstream margins and cash flow. Read More.
• Positive Sentiment: Analysts and institutions are increasingly bullish: several firms have raised price targets (one recent note pushes target toward $210), reflecting confidence in Chevron’s cash returns and dividend profile — this supports buy-side interest. Read More.
• Positive Sentiment: Dividend raise and income story remain supportive — Chevron recently increased its quarterly payout, reinforcing its appeal to income-focused investors amid higher commodity prices. Read More.
• Neutral Sentiment: Mixed analyst landscape: while some firms lift targets, others trim fair-value estimates — consensus remains split (buys, holds, sells), which can limit sustained momentum despite positive headlines. Read More.
• Negative Sentiment: Significant insider selling: CEO Michael Wirth and other senior execs disclosed multi‑million‑dollar stock sales in early March — this often prompts near‑term caution and profit‑taking. Read More.
• Negative Sentiment: Operational disruption: Chevron has suspended certain production (e.g., Leviathan-related outages / force majeure reports) tied to regional hostilities — potential near-term volume losses and uncertainty for specific assets. Read More.
• Negative Sentiment: Broader geopolitical volatility (Strait of Hormuz attacks and halted tanker traffic) raises supply‑and‑policy risk that can cause sharp swing trading and higher insurance/shipment costs — a double‑edged sword for oil majors. Read More.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CVX shares. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Tuesday, February 17th. Morgan Stanley reduced their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Scotiabank restated a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a research note on Friday, January 16th. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Piper Sandler decreased their target price on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Thirteen 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $178.95.

Chevron Stock Up 0.1%

Shares of CVX opened at $190.01 on Friday. The firm has a market cap of $379.14 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $192.41. The firm’s 50-day simple moving average is $173.38 and its 200 day simple moving average is $160.73.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period last year, the business posted $2.06 earnings per share. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is 106.91%.

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.