Earnest Partners LLC Buys New Stake in Chevron Corporation $CVX

Earnest Partners LLC bought a new position in Chevron Corporation (NYSE:CVX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,732 shares of the oil and gas company’s stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. Berkshire Hathaway Inc grew its holdings in Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after buying an additional 3,454,258 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Chevron by 4.0% in 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 buying an additional 1,342,723 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Chevron by 1.6% during the third quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company’s stock worth $3,284,704,000 after buying an additional 325,255 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Chevron by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after buying an additional 4,279,918 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Piper Sandler sharply raised its price target (large upward revision), calling CVX one of the top large-cap energy picks — a signal that some institutional analysts see stronger upside. Piper Sandler Bumps Chevron
• Positive Sentiment: Chevron advanced the Aphrodite gas field in Cyprus by awarding Worley a FEED contract, moving a development-stage project closer to execution — potentially adding future production and cash flow. Chevron Advances Aphrodite
• Positive Sentiment: Oil prices topping $100 on heightened Iran conflict risk supports higher near-term revenue and margins for major integrated oil companies like Chevron, lifting sentiment across the sector. Oil Prices Top $100
• Positive Sentiment: Reports that Chevron and Shell are close to major production agreements in Venezuela suggest potential long‑term production upside if deals proceed and sanctions/geopolitics allow. Venezuela Move
• Neutral Sentiment: Chevron won a new exploration block in Libya — this expands resource exposure but adds country risk; impact depends on project success and regional stability. Libya Expansion
• Neutral Sentiment: Background piece on a former Chevron Venezuela executive (and alleged CIA informant) provides color on historical geopolitics but has limited direct market impact. Background on Venezuela Exec
• Negative Sentiment: Barclays raised its price target to $180 but kept an “equal weight” rating — the target sits well below the current share price, implying limited upside from this influential house and signaling caution. Barclays Raises PT
• Negative Sentiment: Chevron agreed to a DOJ settlement over invalid renewable fuel credits, paying about $1M and retiring ~2M credits (~$3.6M value) — modest financially but a regulatory/compliance overhang. DOJ Settlement
• Negative Sentiment: Operational and geopolitical strains — force majeure at Israel’s Leviathan field, portfolio reshaping, and workforce reductions — increase near-term execution risk and uncertainty for production guidance. Geopolitics and Restructuring

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CVX. Argus set a $203.00 price objective on shares of Chevron in a research note on Tuesday, February 3rd. Morgan Stanley cut their target price on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Scotiabank reissued a “sector perform” rating and issued a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Chevron has an average rating of “Hold” and an average target price of $182.68.

Chevron Stock Up 0.0%

Shares of NYSE:CVX opened at $196.90 on Tuesday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $198.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The company’s fifty day moving average is $177.99 and its 200-day moving average is $162.33. The company has a market capitalization of $392.88 billion, a PE ratio of 29.56, a P/E/G ratio of 1.82 and a beta of 0.67.

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

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Insider Buying and Selling at Chevron

In other Chevron news, insider R. Hewitt Pate sold 47,200 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $192.12, for a total value of $9,068,064.00. Following the transaction, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,099,397 shares of company stock worth $196,196,468 over the last 90 days. Company insiders own 0.20% of the company’s stock.

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.