Richard Bernstein Advisors LLC Has $2.80 Million Holdings in Chevron Corporation $CVX

Richard Bernstein Advisors LLC cut its stake in Chevron Corporation (NYSE:CVX) by 33.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,023 shares of the oil and gas company’s stock after selling 8,949 shares during the period. Richard Bernstein Advisors LLC’s holdings in Chevron were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC grew its position in shares of Chevron by 19.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after buying an additional 11,875 shares during the period. Brooklyn FI LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $431,000. New York State Teachers Retirement System boosted its stake in Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after acquiring an additional 215,345 shares during the last quarter. Pictet North America Advisors SA acquired a new position in Chevron during the third quarter valued at approximately $5,662,000. Finally, Finemark National Bank & Trust grew its holdings in Chevron by 40.3% during the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after purchasing an additional 16,243 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CVX. Barclays increased their target price on shares of Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. UBS Group restated a “buy” rating and issued a $212.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Piper Sandler decreased their target price on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Morgan Stanley lowered their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating, seven 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 a consensus target price of $178.95.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil price spike from Middle East tensions and production cuts lifts revenue and cash-flow outlook for major producers like Chevron; higher crude supports refining/upstream margins and dividend/cash-return capacity. Exxon & Chevron Jump While Berkshire Drops on Sunday Night
• Positive Sentiment: BofA analyst upgrade and $206 price target prompted buying interest and helped push CVX shares higher, reinforcing a bullish narrative among institutional investors. Chevron (CVX) Stock Surges Past $191 Following BofA’s Bullish $206 Target Upgrade
• Positive Sentiment: Strategic M&A and asset moves: Chevron completed the Hess acquisition (adds Guyana exposure) and has exclusive talks for Iraq’s West Qurna 2, bolstering long‑term production growth expectations. Chevron’s Hess Deal And West Qurna 2 Talks Test Valuation Story
• Positive Sentiment: Chevron is reportedly in talks to buy ~30% of Brazil fuel distributor Ipiranga (Ultrapar stake), a potential distribution footprint expansion in Latin America that could improve downstream margins and local market access. Chevron in talks with Ultrapar to buy 30% of Brazil’s Ipiranga – report
• Positive Sentiment: Operational wins: Chevron signed a five‑year gas supply deal with Horizon Power in Western Australia, locking in long‑term contracted cash flow from major WA projects. Chevron Secures Long-Term Gas Supply Deal With Horizon Power
• Neutral Sentiment: Industry reports spotlight long‑run demand for oil‑shale, infrastructure and connected‑oilfield tech and list Chevron among leaders — supportive for strategic positioning but long‑term and not an immediate earnings driver. Oil Shale Industry Report 2026-2035
• Neutral Sentiment: Options/hedging chatter: market pieces discuss shorting puts/calls or covered-call income strategies on CVX amid a volatile oil patch; signals elevated trading/volatility rather than company fundamentals. If Oil Is at a Peak, Does Shorting Chevron Puts and Calls Make Sense?
• Negative Sentiment: Operational disruption: reports say Chevron will suspend production at the Leviathan gas field offshore Israel — a near‑term hit to volumes/revenue and a reminder of geopolitical operational risk. Chevron to Suspend Production at Leviathan Gas Field Offshore Israel
• Negative Sentiment: Regulatory/political risk: Chevron publicly criticized California Gov. Gavin Newsom’s proposed Cap‑and‑Invest changes, flagging potential impacts to state energy stability and jobs — this raises the prospect of localized regulatory headwinds and reputational/policy friction. Chevron Slams Gavin Newsom’s ‘Disastrous’ Energy Policy

Insider Activity

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at $2,355,205.50. This trade represents a 95.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,052,197 shares of company stock valued at $187,128,404. Corporate insiders own 0.20% of the company’s stock.

Chevron Stock Performance

Shares of CVX opened at $189.43 on Tuesday. The stock has a market capitalization of $377.99 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.91 and a beta of 0.67. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $192.41. The firm has a fifty day simple moving average of $174.15 and a 200 day simple moving average of $161.09. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its quarterly 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 net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the previous year, the firm posted $2.06 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. The ex-dividend date is Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron’s dividend payout ratio is currently 106.91%.

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.