Chevron Corporation $CVX Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its position in Chevron Corporation (NYSE:CVX) by 2.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 668,728 shares of the oil and gas company’s stock after acquiring an additional 15,814 shares during the period. Blair William & Co. IL’s holdings in Chevron were worth $103,847,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CVX. Baltimore Washington Financial Advisors Inc. acquired a new position in Chevron in the 3rd quarter worth about $395,000. Cedar Wealth Management LLC grew its holdings in Chevron by 6.6% in the third quarter. Cedar Wealth Management LLC now owns 2,103 shares of the oil and gas company’s stock valued at $327,000 after purchasing an additional 130 shares during the period. First Trust Advisors LP grew its holdings in Chevron by 18.8% in the third quarter. First Trust Advisors LP now owns 4,159,621 shares of the oil and gas company’s stock valued at $645,947,000 after purchasing an additional 659,335 shares during the period. Modern Wealth Management LLC increased its position in shares of Chevron by 4.8% in the third quarter. Modern Wealth Management LLC now owns 121,469 shares of the oil and gas company’s stock valued at $18,863,000 after buying an additional 5,550 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of Chevron in the third quarter valued at approximately $870,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. launches $20B tanker reinsurance program, supporting crude above $90 and reducing shipping-risk premium — higher crude prices improve Chevron’s upstream margins and cash flow. Read More.
• Positive Sentiment: Analysts and institutions are increasingly bullish: several firms have raised price targets (one recent note pushes target toward $210), reflecting confidence in Chevron’s cash returns and dividend profile — this supports buy-side interest. Read More.
• Positive Sentiment: Dividend raise and income story remain supportive — Chevron recently increased its quarterly payout, reinforcing its appeal to income-focused investors amid higher commodity prices. Read More.
• Neutral Sentiment: Mixed analyst landscape: while some firms lift targets, others trim fair-value estimates — consensus remains split (buys, holds, sells), which can limit sustained momentum despite positive headlines. Read More.
• Negative Sentiment: Significant insider selling: CEO Michael Wirth and other senior execs disclosed multi‑million‑dollar stock sales in early March — this often prompts near‑term caution and profit‑taking. Read More.
• Negative Sentiment: Operational disruption: Chevron has suspended certain production (e.g., Leviathan-related outages / force majeure reports) tied to regional hostilities — potential near-term volume losses and uncertainty for specific assets. Read More.
• Negative Sentiment: Broader geopolitical volatility (Strait of Hormuz attacks and halted tanker traffic) raises supply‑and‑policy risk that can cause sharp swing trading and higher insurance/shipment costs — a double‑edged sword for oil majors. Read More.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVX. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Barclays increased their price objective on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Jefferies Financial Group raised their price target on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Scotiabank restated a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a report on Friday, January 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $178.95.

Chevron Price Performance

CVX stock opened at $190.01 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The business has a 50 day simple moving average of $173.38 and a 200-day simple moving average of $160.73. The firm has a market capitalization of $379.14 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $192.41.

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

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron’s dividend payout ratio is 106.91%.

Insider Buying and Selling at Chevron

In related news, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 22,200 shares of Chevron stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the transaction, the insider directly owned 666 shares in the company, valued at $117,568.98. This trade represents a 97.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,052,197 shares of company stock worth $187,128,404. Corporate insiders own 0.21% of the company’s stock.

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.