Chevron Corporation $CVX Stake Lowered by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 43.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,815 shares of the oil and gas company’s stock after selling 3,640 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Chevron were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after buying an additional 27,961,463 shares in the last quarter. State Street Corp raised its position in Chevron by 9.1% during the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares in the last quarter. Primecap Management Co. CA bought a new position in Chevron during the third quarter valued at approximately $988,083,000. Bank of New York Mellon Corp lifted its stake in Chevron by 27.9% in the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares during the last quarter. Finally, Amundi raised its holdings in shares of Chevron by 41.8% during the 3rd quarter. Amundi now owns 11,760,376 shares of the oil and gas company’s stock valued at $1,811,333,000 after purchasing an additional 3,464,058 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of a number of recent research reports. Mizuho upped their price objective on shares of Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Friday, March 20th. Wells Fargo & Company increased their price objective on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report 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. Finally, Citigroup upped their target price on Chevron from $179.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $186.50.

Insider Buying and Selling

In related news, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,099,397 shares of company stock worth $196,196,468. 0.20% of the stock is currently owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Morgan Stanley and other analysts have recently raised targets and reiterated buy ratings (Morgan Stanley lifted a price target toward ~$212), supporting upside expectations and income-focused investor interest. Chevron (CVX) Price Target Raised to $212
• Positive Sentiment: Macro/sector momentum: oil posted historic monthly gains and the energy sector is a top performer, which boosts Chevron’s revenue/profit outlook and explains strong investor interest. Oil Prices Post Biggest Monthly Surge in History
• Positive Sentiment: Strategic deals and geographic expansion: Chevron announced a partnership with Libya’s National Oil Corporation to assess offshore potential, which could unlock reserves and long‑term production growth. Chevron Partners With Libya’s NOC to Unlock Offshore Potential
• Neutral Sentiment: Large‑cap investor activity: filings and coverage show Berkshire Hathaway/Buffett increasing exposure to oil names including Chevron in recent periods — a credibility boost but not an immediate price driver. Warren Buffett Went Out With a Bang by Selling 50% of His Bank of America Stake and Piling Into One of the Hottest Oil Stocks on Wall Street
• Neutral Sentiment: Power supply talks: Chevron signed an exclusivity agreement with Microsoft and Engine No. 1 on power generation/supply options in Texas — this signals diversification into power contracts but timing and returns are uncertain. Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
• Negative Sentiment: Operational hit: downstream assets at the Wheatstone LNG facility in Western Australia suffered extensive cyclone damage and the plant has been offline for weeks, tightening LNG supply and creating near‑term earnings and delivery uncertainty. This is the primary near‑term headwind pressuring CVX. Chevron’s downstream assets at Wheatstone gas facility suffer extensive damage due to cyclone
• Negative Sentiment: Regulatory/regional risk: Chevron warned it may have to close some California gas plants amid state policy pressures — a longer‑term operational and reputational risk that adds to investor caution. ‘We Won’t Be Able To Make It’ — After 140 Years In California, Chevron May Have To Close Its Gas Plants As State Plays ‘Dangerous Game’

Chevron Price Performance

Shares of NYSE:CVX opened at $206.81 on Wednesday. The business has a 50 day moving average price of $187.24 and a 200 day moving average price of $165.98. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $214.71. The company has a market cap of $412.67 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.67 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its quarterly earnings results 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 return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the business posted $2.06 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

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

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.