Chevron Corporation $CVX Stake Reduced by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. lowered its stake in Chevron Corporation (NYSE:CVX) by 21.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,786 shares of the oil and gas company’s stock after selling 11,856 shares during the quarter. Chevron accounts for 1.6% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 8th biggest position. Meridian Investment Counsel Inc.’s holdings in Chevron were worth $6,673,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Advocate Group LLC increased its stake in shares of Chevron by 8.2% in the fourth quarter. Advocate Group LLC now owns 71,472 shares of the oil and gas company’s stock worth $10,893,000 after buying an additional 5,398 shares during the period. Princeton Global Asset Management LLC boosted its position in Chevron by 15.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,669 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 226 shares during the period. Joule Financial LLC grew its holdings in Chevron by 2.3% in the 4th quarter. Joule Financial LLC now owns 3,676 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 82 shares during the last quarter. Lazari Capital Management Inc. grew its holdings in Chevron by 1.3% in the 4th quarter. Lazari Capital Management Inc. now owns 6,851 shares of the oil and gas company’s stock worth $1,044,000 after acquiring an additional 88 shares during the last quarter. Finally, eCIO Inc. purchased a new position in shares of Chevron in the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Friday, March 20th. Argus set a $203.00 price target on Chevron in a research report on Tuesday, February 3rd. Bank of America increased their price objective on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Barclays lifted their price objective on Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $187.64.

Chevron Trading Down 0.1%

NYSE:CVX opened at $198.77 on Friday. The firm has a market capitalization of $396.63 billion, a P/E ratio of 29.85, a PEG ratio of 1.66 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a one year low of $132.04 and a one year high of $214.71. The company’s 50-day simple moving average is $189.15 and its 200 day simple moving average is $166.77.

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

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. 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 3.6%. Chevron’s dividend payout ratio is 106.91%.

Insider Buying and Selling

In other news, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of Chevron 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 completion of the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This represents a 88.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,139,597 shares of company stock worth $204,771,128 over the last three months. 0.21% of the stock is owned by corporate insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil price surge tied to Iran conflict and Strait of Hormuz concerns lifts revenue outlook for integrated producers like Chevron. Oil Spikes Above $109…
• Positive Sentiment: Citigroup raised its CVX price target to $235 and kept a “buy” rating — an analyst catalyst that can attract buying interest. Benzinga
• Positive Sentiment: Chevron confirmed exclusive talks with Microsoft and Engine No. 1 for a potential $7B, 2,500 MW West Texas gas‑to‑power project to supply AI data centers — ties Chevron’s gas business to long-term cloud/AI demand and higher‑margin power contracts. Chevron Taps AI Power Demand
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea, adding medium‑term production growth potential. Aseng FID
• Positive Sentiment: Multiple analyst upgrades and price‑target increases (Morgan Stanley, Mizuho, Zacks coverage and bullish commentary) are improving sentiment and valuation support. Analyst Upgrades
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — a point of potential short‑term volatility when results and guidance are released. Earnings Call Advisory
• Neutral Sentiment: Operational improvements — Chevron is expanding robotics and drone inspections to cut costs and improve safety; positive long‑term but gradual in near‑term impact. Robotics Strategy
• Negative Sentiment: Analysis arguing oil stocks may be “tapped out” despite recent crude strength suggests multiples could be constrained if market rotation resumes, limiting upside. Barron’s — Oil Stocks Tapped Out
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, creating near‑term LNG supply and delivery uncertainty that could pressure related earnings. Wheatstone LNG Outage
• Negative Sentiment: Insider R. Hewitt Pate sold 40,200 shares (late March); while common in large firms, large insider sales can be perceived negatively by investors. SEC Form 4 — Insider Sale

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.