Van ECK Associates Corp Decreases Stake in Chevron Corporation $CVX

Van ECK Associates Corp cut its holdings in shares of Chevron Corporation (NYSE:CVX) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 298,586 shares of the oil and gas company’s stock after selling 12,957 shares during the quarter. Van ECK Associates Corp’s holdings in Chevron were worth $46,367,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FourThought Financial Partners LLC lifted its position in Chevron by 2.3% during the third quarter. FourThought Financial Partners LLC now owns 135,643 shares of the oil and gas company’s stock worth $21,064,000 after buying an additional 3,081 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in Chevron in the 3rd quarter valued at $49,550,000. Winthrop Capital Management LLC increased its stake in shares of Chevron by 4.8% in the 3rd quarter. Winthrop Capital Management LLC now owns 6,061 shares of the oil and gas company’s stock worth $941,000 after acquiring an additional 277 shares during the last quarter. PFC Capital Group Inc. increased its stake in shares of Chevron by 1.5% in the 3rd quarter. PFC Capital Group Inc. now owns 4,680 shares of the oil and gas company’s stock worth $726,000 after acquiring an additional 67 shares during the last quarter. Finally, Capital International Inc. CA raised its holdings in shares of Chevron by 572.9% during the 3rd quarter. Capital International Inc. CA now owns 51,017 shares of the oil and gas company’s stock worth $7,922,000 after acquiring an additional 43,435 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 2.9%

NYSE CVX opened at $191.73 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $382.57 billion, a P/E ratio of 28.79, a PEG ratio of 1.87 and a beta of 0.67. The firm’s 50-day moving average is $175.61 and its two-hundred day moving average is $161.50. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $192.41.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $48.18 billion. During the same period last year, the business earned $2.06 earnings per share. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, sell-side analysts anticipate 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 was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron’s dividend payout ratio is presently 106.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CVX. UBS Group reissued a “buy” rating and set a $212.00 price target on shares of Chevron in a research report on Monday, February 2nd. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research note on Monday, February 2nd. Sanford C. Bernstein increased their price target on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Wells Fargo & Company lifted their price target on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Thirteen equities 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 stock. According to MarketBeat, Chevron presently has an average rating of “Hold” and an average price target of $178.95.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is advancing a portfolio reshuffle including a Texas strategic move and major projects that analysts say improve valuation and operational focus — a structural story that supports longer‑term upside. Chevron Reshapes Global Portfolio And Valuation With Texas Move And Projects
• Positive Sentiment: Reports say Chevron (with Shell) is close to major oil production deals in Venezuela — reopening Venezuela could add material future volumes and cash flow if agreements are finalized. Chevron, Shell near first big oil production deals in Venezuela since Maduro’s capture – Reuters
• Positive Sentiment: Dividend support: Chevron paid a $1.78 quarterly dividend (a 4% raise), continuing a long streak of dividend growth—this underpins demand from income‑oriented investors. Chevron Pays $1.78 Dividend Today Backed by 39 Years of Unbroken Growth
• Positive Sentiment: Commercial wins and bidding activity (top spender at a Gulf of Mexico lease sale) signal continued investment in upstream optionality and reserve replacement. BP, Chevron are top spenders at small US Gulf of Mexico oil and gas auction
• Neutral Sentiment: IEA announced a record coordinated release of reserves but crude prices climbed anyway because Strait of Hormuz tensions raised supply‑risk — this keeps short‑term volatility high and makes energy names reactive to headlines. The IEA to Release Record Amount of Oil From Reserves. Why Crude Prices Are Higher.
• Negative Sentiment: Political move to tap the U.S. Strategic Petroleum Reserve (announced by the President) is bearish for oil prices if implemented — that prospect can cap oil upside and weigh on integrated producers. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Insider selling: a senior Chevron insider disclosed multiple recent sales (most recently ~47,200 shares), which some investors interpret as a cautionary sign even though sales can be routine or for diversification. SEC Form 4 – R. Hewitt Pate insider sale
• Negative Sentiment: Rapid headline‑driven swings (false/mixed government posts, talk of quick conflict resolution) have produced profit‑taking episodes that can push CVX below broader indices on down days. Chevron (CVX) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Transactions at Chevron

In related news, insider R. Hewitt Pate sold 58,000 shares of the business’s 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 owned 8,558 shares in the company, valued at approximately $1,614,466.70. The trade was a 87.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,099,397 shares of company stock valued at $196,196,468 over the last three months. 0.21% of the stock is currently owned by company insiders.

Chevron Company 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.