Chevron Corporation $CVX Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its holdings in Chevron Corporation (NYSE:CVX) by 6,368.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 136,479 shares of the oil and gas company’s stock after purchasing an additional 134,369 shares during the period. iA Global Asset Management Inc.’s holdings in Chevron were worth $28,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Core Wealth Advisors LLC purchased a new position in Chevron in the 4th quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new position in shares of Chevron during the 4th quarter worth approximately $26,000. Basso Capital Management L.P. purchased a new stake in shares of Chevron in the fourth quarter valued at approximately $27,000. Karpus Management Inc. purchased a new stake in shares of Chevron in the fourth quarter valued at approximately $27,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Chevron in the fourth quarter valued at approximately $27,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron signed a 20-year agreement with Microsoft to supply electricity for a large AI-focused data center in Texas, expanding Chevron’s role in powering data infrastructure and potentially opening the door to more similar projects. Chevron (CVX) Just Signed A 20 Year Microsoft AI Data Center Power Deal
• Positive Sentiment: Several articles highlighted Chevron’s 4%+ dividend yield and long track record of dividend increases, reinforcing the stock’s appeal for income-focused investors. Chevron Yields 4.2% Because Oil Prices Make Everyone Nervous. Here’s Why That Thinking Is Outdated
• Neutral Sentiment: Erste Group slightly raised its 2026 earnings estimate for Chevron, suggesting stable profitability expectations, though the change was modest.
• Negative Sentiment: Chevron shares are being weighed down by softer crude prices and broader sector concerns, including reports that energy stocks may lag technology in the second half as oil retreats. What’s Ahead for Tech and Other Sectors In The Year’s Second Half
• Negative Sentiment: Morgan Stanley reportedly lowered its price target on Chevron, adding to pressure on the stock amid worries about weaker oil fundamentals. Chevron (CVX) Price Target Lowered at Morgan Stanley. Here is Why

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares in the company, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

Chevron Trading Down 0.0%

NYSE CVX opened at $165.70 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The stock has a market capitalization of $330.01 billion, a P/E ratio of 28.72, a PEG ratio of 0.55 and a beta of 0.50. The firm’s 50-day moving average is $183.99 and its two-hundred day moving average is $180.34. Chevron Corporation has a 12 month low of $145.47 and a 12 month high of $214.71.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business earned $2.18 earnings per share. On average, sell-side analysts anticipate that Chevron Corporation will post 15.52 earnings per share for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.3%. Chevron’s dividend payout ratio (DPR) is presently 123.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CVX. Wells Fargo & Company lifted their price objective on Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Morgan Stanley reduced their price target on Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday. Barclays boosted their price target on shares of Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings lowered shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $205.52.

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.