Levin Capital Strategies L.P. Acquires 60,857 Shares of Chevron Corporation $CVX

Levin Capital Strategies L.P. increased its stake in Chevron Corporation (NYSE:CVX) by 1,472.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,991 shares of the oil and gas company’s stock after purchasing an additional 60,857 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Chevron were worth $10,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. White Knight Strategic Wealth Advisors LLC lifted its holdings in Chevron by 3.0% during the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock valued at $319,000 after purchasing an additional 65 shares in the last quarter. Vishria Bird Financial Group LLC raised its position in shares of Chevron by 1.2% during the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock valued at $821,000 after purchasing an additional 65 shares during the period. Nexus Investment Management ULC lifted its stake in shares of Chevron by 0.9% during the 3rd quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company’s stock valued at $1,187,000 after buying an additional 65 shares in the last quarter. Scott & Selber Inc. boosted its holdings in Chevron by 0.5% in the 3rd quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company’s stock worth $2,079,000 after buying an additional 65 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in Chevron by 7.4% in the 2nd quarter. Rakuten Securities Inc. now owns 961 shares of the oil and gas company’s stock worth $138,000 after buying an additional 66 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. This trade represents a 88.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 531,027 shares of company stock valued at $88,833,430 over the last 90 days. 0.21% of the stock is owned by insiders.

Chevron Stock Performance

Shares of Chevron stock opened at $183.75 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $164.50 and its two-hundred day moving average is $158.06. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $186.52. The company has a market capitalization of $369.98 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 11.95 and a beta of 0.70.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $2.06 earnings per share. As a group, analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a $1.78 dividend. The ex-dividend date is 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 dividend yield of 3.9%. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CVX. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Freedom Capital downgraded Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. UBS Group reissued a “buy” rating and issued a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. Finally, Bank of America reduced their price objective on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $176.36.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Melius Research upgraded CVX to a “buy” and lifted its price target to $205, boosting the stock’s medium‑term upside thesis for value and income investors. Article Title
• Positive Sentiment: Chevron-led consortium won offshore exploration rights in Greece (and is expanding footprint in Libya), increasing long‑term upstream optionality and reserves potential if appraisal/exploration results are successful. Article Title
• Positive Sentiment: Chevron raised its quarterly dividend to $1.78 (annualized $7.12), reinforcing its income story and supporting demand from yield‑sensitive investors as Treasury yields have eased. Article Title
• Neutral Sentiment: Sector momentum — energy names are outperforming the S&P YTD — gives Chevron positive tailwinds, but it keeps valuation debates active (cash flow vs. longer‑term transition risks). Article Title
• Neutral Sentiment: Multiple media pieces and comparisons to peers (Exxon, ConocoPhillips) are driving trading interest/volume but do not by themselves change fundamentals. Article Title
• Negative Sentiment: Turkey publicly called the Greece‑Chevron activity off Crete unlawful — creating a geopolitical/regulatory risk that could delay or complicate exploration and attract political/legal scrutiny. Article Title
• Negative Sentiment: Recent insider sales (including large CTO and other disclosures) and related coverage have pressured sentiment and coincide with short‑term selling; the market reacted negatively to these filings. Article Title
• Negative Sentiment: Market reaction suggests the Melius upgrade and price‑target increase haven’t materially shifted conviction—shares “brushed off” the upgrade—highlighting that analyst upgrades alone may not move the stock amid competing news. Article Title

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.