Grantham Mayo Van Otterloo & Co. LLC Decreases Holdings in Chevron Corporation $CVX

Grantham Mayo Van Otterloo & Co. LLC decreased its position in Chevron Corporation (NYSE:CVX) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,683 shares of the oil and gas company’s stock after selling 9,610 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Chevron were worth $37,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CVX. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Chevron in the 3rd quarter worth approximately $68,226,000. Ameriflex Group Inc. grew its holdings 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 valued at $2,220,000 after purchasing an additional 4,900 shares during the last quarter. Angeles Wealth Management LLC raised its position in Chevron by 12.7% in the 3rd quarter. Angeles Wealth Management LLC now owns 10,818 shares of the oil and gas company’s stock worth $1,680,000 after purchasing an additional 1,221 shares during the period. Blair William & Co. IL raised its position in Chevron by 2.4% in the 3rd quarter. Blair William & Co. IL now owns 668,728 shares of the oil and gas company’s stock worth $103,847,000 after purchasing an additional 15,814 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. bought a new stake in Chevron in the third quarter worth $395,000. 72.42% of the stock is currently owned by institutional investors.

Insider Activity at Chevron

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,052,197 shares of company stock valued at $187,128,404 over the last ninety days. Insiders own 0.21% of the company’s stock.

Key Stories Impacting Chevron

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.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of recent research reports. UBS Group reaffirmed a “buy” rating and set a $212.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, February 17th. Sanford C. Bernstein raised their price target on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. HSBC cut Chevron from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Monday, February 2nd. Finally, Argus set a $203.00 price objective on Chevron in a research note on Tuesday, February 3rd. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $178.95.

Chevron Price Performance

Shares of NYSE CVX opened at $190.01 on Friday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $192.41. The stock has a market capitalization of $379.14 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.91 and a beta of 0.67. The company’s 50-day moving average is $173.38 and its 200 day moving average is $160.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 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 business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the business posted $2.06 earnings per share. Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, sell-side analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) 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.