National Bank of Canada FI Acquires 862,915 Shares of Chevron Corporation $CVX

National Bank of Canada FI increased its holdings in Chevron Corporation (NYSE:CVX) by 147.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,448,602 shares of the oil and gas company’s stock after buying an additional 862,915 shares during the period. National Bank of Canada FI’s holdings in Chevron were worth $224,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Castellan Group raised its position in shares of Chevron by 10.7% in the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after acquiring an additional 1,965 shares in the last quarter. United Bank boosted 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 valued at $1,586,000 after purchasing an additional 796 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in 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. Intech Investment Management LLC raised its holdings in Chevron by 8.5% in the second quarter. Intech Investment Management LLC now owns 50,395 shares of the oil and gas company’s stock worth $7,216,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Western Wealth Management LLC raised its holdings in Chevron by 2.6% in the second quarter. Western Wealth Management LLC now owns 17,426 shares of the oil and gas company’s stock worth $2,495,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Stories Impacting Chevron

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

Chevron Stock Performance

NYSE CVX opened at $196.90 on Tuesday. The firm has a market capitalization of $392.88 billion, a P/E ratio of 29.56, a PEG ratio of 1.82 and a beta of 0.67. The stock has a 50-day simple moving average of $177.99 and a two-hundred day simple moving average of $162.33. 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 fifty-two week low of $132.04 and a fifty-two week high of $198.88.

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

Chevron Increases Dividend

The business also recently disclosed 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 was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.6%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is currently 106.91%.

Insiders Place Their Bets

In other news, insider Alana K. Knowles sold 2,408 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total transaction of $441,338.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction that occurred 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 transaction, the insider directly owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,099,397 shares of company stock worth $196,196,468. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CVX. Bank of America raised their price target on shares of Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Barclays boosted their price objective on shares of Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday. Sanford C. Bernstein raised their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Finally, Morgan Stanley reduced their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and an average price target of $182.68.

Chevron 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.