Guinness Asset Management LTD Sells 9,142 Shares of Chevron Corporation $CVX

Guinness Asset Management LTD lessened its stake in Chevron Corporation (NYSE:CVX) by 11.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,975 shares of the oil and gas company’s stock after selling 9,142 shares during the quarter. Guinness Asset Management LTD’s holdings in Chevron were worth $11,235,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Valmark Advisers Inc. grew its stake in Chevron by 4.4% in the 2nd quarter. Valmark Advisers Inc. now owns 15,759 shares of the oil and gas company’s stock valued at $2,257,000 after purchasing an additional 663 shares during the period. Clear Creek Financial Management LLC boosted its holdings in shares of Chevron by 6.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 20,256 shares of the oil and gas company’s stock worth $2,900,000 after buying an additional 1,199 shares during the last quarter. Eagle Strategies LLC grew its position in Chevron by 12.9% during the second quarter. Eagle Strategies LLC now owns 2,087 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 239 shares during the period. Dempze Nancy E increased its holdings in Chevron by 1.2% during the second quarter. Dempze Nancy E now owns 12,071 shares of the oil and gas company’s stock worth $1,728,000 after buying an additional 146 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in Chevron by 3.4% in the second quarter. Maryland State Retirement & Pension System now owns 79,279 shares of the oil and gas company’s stock worth $11,352,000 after acquiring an additional 2,614 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of a number of research reports. Bank of America reduced their target price on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company upped their price objective on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets restated an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research note on Monday. Citigroup dropped their price target on Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Finally, Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $175.00.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron raised its quarterly dividend to $1.78 (4.0% yield), boosting income-focused demand and underscoring management’s cash-return priorities. Dividend Hike Coverage
• Positive Sentiment: Several sell-side shops have raised targets or reiterated bullish views (Wells Fargo, Goldman Sachs, TD Cowen commentary), supporting upside expectations and likely providing buying support after recent gains. Wells Fargo Price Target Raise
• Positive Sentiment: Project and M&A progress: Chevron committed to the Yoyo‑Yolanda gas project (Cameroon/Equatorial Guinea) and signed an initial offshore exploration MoU in Syrian waters with a Qatari partner — potential long‑term production upside. Yoyo-Yolanda Project
• Neutral Sentiment: Q4 results were mixed: EPS beat ( $1.52 vs. $1.44 est.) but revenue missed materially, leaving guidance/cash‑flow narratives intact but tempering enthusiasm about near‑term top‑line growth. Q4 Presentation
• Neutral Sentiment: Senior leadership changes were announced for 2026 (internal promotions, retirements) — operationally neutral for now but something investors will watch for execution risk. Leadership Changes
• Negative Sentiment: Heavy insider selling by multiple executives (including recent Form 4 filings for Andrew Walz, CTO Thomas Booth and CFO Eimear Bonner) is creating short‑term sentiment pressure and may signal portfolio rebalancing by insiders. Walz Form 4 Bonner Form 4
• Negative Sentiment: Oil prices softened after U.S.–Iran tensions eased, trimming a supply‑risk premium and pressuring integrated majors’ near‑term revenue and margins. Oil Price Slide
• Negative Sentiment: Some firms (e.g., HSBC and a subset of boutiques) have trimmed views or stayed on Hold, arguing much upside is priced in — these notes can cap rallies and weigh on momentum. HSBC Cut

Insiders Place Their Bets

In other Chevron news, insider R. Hewitt Pate sold 41,134 shares of Chevron stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the completion of the sale, the insider owned 4,169 shares of the company’s stock, valued at $735,411.60. The trade was a 90.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total value of $7,976,986.00. Following the completion of the sale, the insider owned 7,161 shares of the company’s stock, valued at $1,247,231.37. The trade was a 86.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 793,158 shares of company stock valued at $127,919,578 over the last three months. Corporate insiders own 0.21% of the company’s stock.

Chevron Price Performance

Shares of NYSE CVX opened at $179.20 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $182.59. The stock has a market cap of $360.83 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 12.49 and a beta of 0.70. The stock has a fifty day moving average of $158.70 and a 200-day moving average of $156.19.

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

Chevron Increases Dividend

The firm 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. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 4.0%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is currently 106.91%.

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.