Illinois Municipal Retirement Fund Grows Stock Position in Chevron Corporation $CVX

Illinois Municipal Retirement Fund increased its stake in Chevron Corporation (NYSE:CVX) by 10.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,391 shares of the oil and gas company’s stock after buying an additional 22,336 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Chevron were worth $37,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vishria Bird Financial Group LLC raised its position in Chevron by 1.2% in the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock worth $821,000 after purchasing an additional 65 shares during the period. Nexus Investment Management ULC raised its holdings in shares of Chevron by 0.9% in the third quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company’s stock worth $1,187,000 after buying an additional 65 shares during the period. Scott & Selber Inc. lifted its stake in shares of Chevron by 0.5% during the 3rd quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company’s stock worth $2,079,000 after acquiring an additional 65 shares during the last quarter. White Knight Strategic Wealth Advisors LLC boosted its holdings in Chevron by 3.0% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock valued at $319,000 after acquiring an additional 65 shares during the period. Finally, William B. Walkup & Associates Inc. grew its position in Chevron by 1.0% in the 3rd quarter. William B. Walkup & Associates Inc. now owns 6,356 shares of the oil and gas company’s stock valued at $987,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 2.0%

Chevron stock opened at $185.83 on Thursday. The stock has a 50 day moving average of $161.23 and a two-hundred day moving average of $157.06. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $186.52. The stock has a market capitalization of $374.16 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 12.25 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released 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 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 analysts’ expectations of $48.18 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be issued a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron’s payout ratio is presently 106.91%.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the transaction, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 793,158 shares of company stock valued at $127,919,578. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Citigroup cut their price objective on Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Sanford C. Bernstein increased their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a report on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $175.00.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron won rights to a Sirte Basin block in Libya, marking the company’s return to Libya and opening access to one of Africa’s largest crude basins — investors see upside from new exploration potential and reserve upside. Libya Awards First Oil Blocks In 20 Years to Chevron and Europe’s Oil Majors
• Positive Sentiment: Coverage notes Chevron’s award of the prized Sirte Basin block alongside Eni and Repsol — immediate driver for CVX shares as markets price in additional exploration upside. Chevron to enter Libya after awarded prized Sirte Basin block; Eni, Repsol also win bids
• Positive Sentiment: Industry press frames Chevron’s Libya move as part of a broader “Big Oil” return to global exploration — signals management is pursuing growth opportunities beyond the Americas. Big Oil embraces global exploration again as Chevron returns to Libya
• Positive Sentiment: Real‑time market coverage links Chevron’s Libya win to the stock hitting fresh highs — short‑term sentiment and momentum pushed by the award. Chevron Stock Smashes 52-Week High After Big Libya Oil Win
• Positive Sentiment: Barron’s and other outlets highlight energy stocks as a market theme for 2026 — sector flows and higher oil prices provide a supportive macro backdrop for CVX. Energy Stocks Are Winning 2026. Why They Could Keep Going.
• Positive Sentiment: Several bullish retail/investor pieces say Chevron could be a top performer in its sector in 2026, pointing to strong execution and higher free cash flow potential at current oil prices. This Stock Could Be a Top Performer in Its Sector By the End of 2026
• Positive Sentiment: Chevron raised its quarterly dividend by 4.09% (to $1.78), which supports income‑oriented investor demand and underpins valuation. Chevron Dividend Increase By 4.09%
• Neutral Sentiment: Analyst and comparison pieces examine Chevron versus other high‑yield energy names (e.g., Enterprise Products Partners); useful framing but not an immediate stock mover. Enterprise Products Partners vs. Chevron: Which High-Yield Energy Stock Will Outperform in 2026?
• Neutral Sentiment: Reporting on leadership shifts and recent deals outlines factors shaping Chevron’s valuation and strategy; important for medium‑term outlook but not the immediate trigger. Chevron Leadership Shifts And New Deals Shape Valuation And Growth Outlook
• Negative Sentiment: Operational and geopolitical risk in Libya remains material — security, regulatory uncertainty, and timeline to production could delay or limit the value of the award, creating downside risk if markets reassess the prize. Chevron, Eni Among Winners of First Libya Oil Auction Since 2007

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.