Goelzer Investment Management Inc. Increases Holdings in Chevron Corporation $CVX

Goelzer Investment Management Inc. increased its position in Chevron Corporation (NYSE:CVX) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 88,319 shares of the oil and gas company’s stock after acquiring an additional 4,924 shares during the quarter. Chevron accounts for approximately 0.6% of Goelzer Investment Management Inc.’s holdings, making the stock its 23rd largest holding. Goelzer Investment Management Inc.’s holdings in Chevron were worth $13,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of CVX. United Bank raised its position in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after acquiring an additional 796 shares during the last quarter. Schnieders Capital Management LLC. grew its position in shares of Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after purchasing an additional 4,214 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Chevron by 6.5% in the second quarter. Schroder Investment Management Group now owns 1,239,804 shares of the oil and gas company’s stock valued at $177,528,000 after purchasing an additional 75,445 shares during the last quarter. Leuthold Group LLC purchased a new position in shares of Chevron during the 2nd quarter worth approximately $366,000. Finally, VestGen Advisors LLC raised its position in shares of Chevron by 13.9% during the 2nd quarter. VestGen Advisors LLC now owns 34,637 shares of the oil and gas company’s stock worth $5,123,000 after purchasing an additional 4,219 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Price Performance

CVX opened at $211.31 on Monday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $212.46. The company’s 50 day simple moving average is $185.52 and its 200 day simple moving average is $165.26. The stock has a market capitalization of $421.64 billion, a PE ratio of 31.73, a P/E/G ratio of 1.76 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 (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion for 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%. Chevron’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. As a group, sell-side analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. Chevron’s payout ratio is 106.91%.

Insider Transactions at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $175.01, for a total value of $5,617,821.00. Following the transaction, the chief financial officer directly owned 4,366 shares in the company, valued at $764,093.66. This trade represents a 88.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,099,397 shares of company stock worth $196,196,468 over the last ninety days. 0.20% of the stock is owned by insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Australian cyclone knocked out production at major LNG hubs, tightening global gas supply and supporting higher energy prices, a tailwind for Chevron’s commodity-linked cash flow. Cyclone Causes Outages at Australia’s Top LNG Projects
• Positive Sentiment: Morgan Stanley raised its price target to $212 and set an “overweight” rating, signaling buy-side support and helping push CVX higher. Benzinga: Morgan Stanley price target
• Positive Sentiment: Bernstein also lifted its price target on Chevron amid a stronger crude backdrop, reinforcing the narrative that majors benefit from the current oil rally. MSN: Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2026/FY2027 EPS forecasts for Chevron, reflecting better-than-expected earnings power as oil prices stay elevated. MarketBeat: Erste Group EPS revisions
• Positive Sentiment: Market positioning has shifted to defensive, dividend-paying sectors; several market roundups note oil majors including CVX outperforming amid geopolitical risk. Seeking Alpha: Market shifts to defense
• Positive Sentiment: Multiple outlets and analysts praise Chevron’s low breakeven, high-quality asset base and dividend profile, which supports momentum and income-focused buying. Zacks: Chevron momentum
• Neutral Sentiment: Chevron reported production outages at its Australian Gorgon and Wheatstone facilities tied to the cyclone — positive for global price signals but a near-term hit to CVX production, leaving the net impact mixed. Reuters: Chevron outage
• Neutral Sentiment: Consensus brokerage coverage remains around “hold” even as some firms raise targets — suggests upside is recognized but some caution persists. AmericanBankingNews: Consensus hold
• Negative Sentiment: Political/insider optics: a U.S. Representative who publicly backed military action sold Chevron stock at all-time highs, drawing negative headlines and governance/PR risk. Benzinga: Congressman sold Chevron stock
• Negative Sentiment: Analyst commentary raises macro risk scenarios (e.g., high oil in $130–$140 range) that could hurt economic growth and introduce volatility—even if commodity-linked cash flows initially rise. Seeking Alpha: $130-$140 oil risks

Wall Street Analyst Weigh In

CVX has been the topic of a number of analyst reports. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 17th. Wells Fargo & Company upped their price objective on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Morgan Stanley lifted their price objective on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Scotiabank reissued a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a research note on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Chevron currently has a consensus rating of “Hold” and a consensus price target of $186.50.

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.