Chevron Corporation $CVX Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Chevron Corporation (NYSE:CVX) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,219,991 shares of the oil and gas company’s stock after acquiring an additional 739,248 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of Chevron worth $655,322,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CVX. Quaker Wealth Management LLC raised its stake in Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 439 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron during the 3rd quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Chevron during the third quarter worth $41,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 202 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $184.23 on Thursday. The stock has a market cap of $370.94 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 12.26 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $187.90. The stock’s 50 day moving average price is $168.02 and its 200 day moving average price is $159.17.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $2.06 EPS. Equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. Chevron’s payout ratio is 106.91%.

Insider Buying and Selling

In related news, insider R. Hewitt Pate sold 41,134 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $176.40, for a total value of $7,256,037.60. Following the sale, the insider directly owned 4,169 shares in the company, valued at $735,411.60. The trade was a 90.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the sale, the insider directly owned 7,161 shares of the company’s stock, valued at approximately $1,247,231.37. This represents a 86.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 534,898 shares of company stock worth $89,543,711. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Argus set a $203.00 price objective on Chevron in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price on the stock in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Barclays lifted their price objective on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and a consensus target price of $176.36.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Iraq output upside — Iraq’s oil minister says Chevron is in exclusive talks to take over operations at West Qurna 2 and could nearly double output there to ~800,000 barrels/day, a large potential near‑term production and cash‑flow boost if the deal and ramp proceed. Iraq’s West Qurna 2 oilfield poised for output surge with Chevron, minister says
• Positive Sentiment: Initial stake deals — Chevron has signed initial agreements to acquire a stake in the giant field held by Russia’s Lukoil, signalling material portfolio expansion in Iraq that could underpin production growth. Chevron signs initial deals for stake in giant Iraq oilfield held by Russia’s Lukoil
• Positive Sentiment: Retail / media endorsement — Jim Cramer publicly called Chevron the only stock he’d buy at current levels, a high‑visibility endorsement that can drive short‑term demand from retail traders. Chevron (CVX)’s the Only Company I Would Buy Here, Says Jim Cramer
• Positive Sentiment: Macro rotation into energy — analysis highlights a rotation into energy and capital‑intensive “halo trade” stocks (XLE, Exxon, Chevron) as investors seek inflation‑resistant sectors, providing a favorable demand backdrop. Right Tail Right Now
• Positive Sentiment: New offtake — ship data and sources show Chevron sold Venezuelan crude to India’s Reliance for the first time since 2023, indicating opportunistic trading/marketing that can support near‑term revenue. Chevron sells Venezuelan oil to India’s Reliance for the first time since 2023, ship data and sources say
• Positive Sentiment: Strategic partnerships — coverage notes a strengthening partnership with Hess, which could accelerate development plans and share execution risk on key projects. Chevron: Forming A Strong Partner With Hess
• Neutral Sentiment: Deal risk / higher‑risk asset — analysts note the Iraq stake is high‑risk/high‑reward: meaningful upside if terms, approvals and ramp go smoothly, but execution, partner negotiations and geopolitics add uncertainty. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq. 2 Key Takeaways for Investors.
• Neutral Sentiment: Valuation and relative performance — recent pieces check CVX valuation after a 52‑week high and note the stock has outpaced indexes; these shape positioning but don’t change fundamentals. Chevron (CVX) Valuation Check After 52-Week High And New Offshore Expansion In Greece And Libya
• Neutral Sentiment: Analyst comparisons — comparative analyses with peers (Shell, Exxon) highlight tradeoffs across production, LNG exposure and valuation; useful for portfolio allocation but not a near‑term catalyst. Chevron or Shell: Which Energy Supermajor Has the Edge Now?

Chevron 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.