Chevron Corporation $CVX Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Chevron Corporation (NYSE:CVX) by 7.0% during the third quarter, Holdings Channel reports. The firm owned 651,620 shares of the oil and gas company’s stock after acquiring an additional 42,719 shares during the quarter. Chevron comprises 0.8% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 24th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Chevron were worth $101,190,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CVX. Bayforest Capital Ltd increased its position in Chevron by 85.9% in the first quarter. Bayforest Capital Ltd now owns 316 shares of the oil and gas company’s stock worth $53,000 after buying an additional 146 shares during the period. Acadian Asset Management LLC grew its position in shares of Chevron by 278.1% during the first quarter. Acadian Asset Management LLC now owns 50,514 shares of the oil and gas company’s stock worth $8,447,000 after acquiring an additional 37,155 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Chevron by 25.7% in the 1st quarter. Jones Financial Companies Lllp now owns 697,011 shares of the oil and gas company’s stock worth $115,887,000 after acquiring an additional 142,662 shares during the period. Nova Wealth Management Inc. lifted its position in Chevron by 102.6% in the 1st quarter. Nova Wealth Management Inc. now owns 466 shares of the oil and gas company’s stock valued at $78,000 after purchasing an additional 236 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its position in Chevron by 8.9% in the 1st quarter. Modern Wealth Management LLC now owns 112,588 shares of the oil and gas company’s stock valued at $18,835,000 after purchasing an additional 9,186 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in advanced talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third parties — a clear potential earnings and volume catalyst. Read More.
• Positive Sentiment: Shipping and operational activity is picking up: data and filings show Chevron loading Venezuelan crude and contracting multiple tankers, signalling the company can scale flows quickly if approvals hold. Read More.
• Positive Sentiment: Market positioning and deal activity: reports show Chevron competing with traders and partners to control Venezuelan exports and lining up bids for international assets — moves that could expand supply links and reserves. Read More.
• Positive Sentiment: Analyst support: Bernstein and other outlets have recently raised targets or reiterated bullish theses on CVX amid the Venezuela angle, providing analyst-driven validation. Read More.
• Neutral Sentiment: White House engagement: President Trump met with oil executives to discuss Venezuela reconstruction — policy backing could help but details, guarantees and timelines remain uncertain. Read More.
• Neutral Sentiment: Companies want guarantees: FT/Reuters reporting that U.S. majors want formal guarantees from Washington before committing large capital, implying any large-scale Venezuela rebuild will be phased and conditional. Read More.
• Neutral Sentiment: Distribution risk: some shipments to traditional buyers (notably Chinese buyers) are paused, tempering near-term cash conversion despite increased loading activity. Read More.
• Negative Sentiment: Large insider selling disclosed (CEO, CFO and other insiders sold sizable blocks in early January), which can be perceived negatively and add short-term selling pressure. Read More.
• Negative Sentiment: Analyst downgrades and sell-side caution: at least one firm cut CVX to “Strong Sell” and others trimmed price targets, reflecting some skepticism about sustainable upside after the recent run. Read More. Read More.
• Negative Sentiment: Political/reputational risk: high-profile criticism and scrutiny around U.S. handling of Venezuela investments raise execution and regulatory uncertainty. Read More.

Chevron Price Performance

NYSE:CVX opened at $162.15 on Friday. 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 business’s 50-day moving average price is $152.31 and its 200 day moving average price is $153.42. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. The firm has a market cap of $326.49 billion, a P/E ratio of 22.81, a PEG ratio of 9.97 and a beta of 0.70.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS. As a group, sell-side analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CVX shares. Raymond James Financial restated an “outperform” rating and issued a $160.00 price target (down previously from $170.00) on shares of Chevron in a research note on Friday, October 17th. BMO Capital Markets restated an “outperform” rating on shares of Chevron in a research report on Thursday. Bank of America cut their target price on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Finally, Hsbc Global Res raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Hold” and a consensus target price of $167.14.

Insider Buying and Selling at Chevron

In related news, insider Alana K. Knowles sold 7,956 shares of Chevron stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $1,313,137.80. Following the transaction, the insider directly owned 1,207 shares in the company, valued at $199,215.35. The trade was a 86.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 631,990 shares of company stock worth $99,716,808. 0.21% of the stock is owned by corporate insiders.

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.