Nuveen LLC decreased its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,400,583 shares of the oil and gas company’s stock after selling 96,447 shares during the period. Nuveen LLC’s holdings in Chevron were worth $1,432,743,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in CVX. Xponance LLC boosted its holdings in shares of Chevron by 2.2% in the 4th quarter. Xponance LLC now owns 262,427 shares of the oil and gas company’s stock valued at $39,996,000 after buying an additional 5,683 shares in the last quarter. Keel Point LLC boosted its holdings in shares of Chevron by 5.1% in the 4th quarter. Keel Point LLC now owns 8,640 shares of the oil and gas company’s stock valued at $1,317,000 after buying an additional 422 shares in the last quarter. Winning Points Advisors LLC bought a new stake in shares of Chevron in the 4th quarter valued at about $784,000. Prudent Man Investment Management Inc. boosted its holdings in shares of Chevron by 21.1% in the 4th quarter. Prudent Man Investment Management Inc. now owns 373 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 65 shares in the last quarter. Finally, Coastwise Capital Group LLC boosted its holdings in shares of Chevron by 1.4% in the 4th quarter. Coastwise Capital Group LLC now owns 8,743 shares of the oil and gas company’s stock valued at $1,333,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.
Chevron Stock Down 2.1%
CVX stock opened at $185.81 on Friday. The firm has a 50 day moving average of $188.96 and a 200 day moving average of $178.00. The stock has a market capitalization of $370.05 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 0.63 and a beta of 0.48. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 52 week low of $142.40 and a 52 week high of $214.71.
Chevron Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were paid a $1.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. Chevron’s dividend payout ratio (DPR) is 123.40%.
Insider Activity at Chevron
In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider directly owned 8,638 shares in the company, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the sale, the director owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 615,200 shares of company stock valued at $118,022,760. Company insiders own 0.56% of the company’s stock.
More Chevron News
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron’s Tengiz project expansion is being highlighted as a major growth driver, with output capacity rising to 1 million BOE/d and the asset expected to support cash flow, production growth and shareholder returns through 2030. How Investment in TCO Is Powering Chevron’s Next Wave of Cash Growth
- Positive Sentiment: Analysts at Erste Group raised FY2027 EPS estimates for Chevron, signaling slightly better earnings expectations ahead.
- Positive Sentiment: Chevron was cited among oil stocks benefiting from higher crude prices and geopolitical tensions, which can improve upstream margins and near-term cash generation. Chevron Corporation (CVX) Benefited from Escalating Conflict in Iran
- Positive Sentiment: Market commentary and technical analysis described Chevron as showing relative strength, with bullish signals building toward a potential breakout. Chevron (CVX) Price Forecast: Bullish Signals Build Toward Breakout
- Neutral Sentiment: Chevron’s CFO was featured discussing how the finance team is using AI, which is more of a strategic/operations story than a direct stock-moving catalyst. Chevron’s CFO on why finance chiefs are defining AI’s business value
- Neutral Sentiment: Recent coverage also noted Chevron as a dividend and value-name favorite, reinforcing its defensive income appeal rather than changing the core investment thesis.
- Negative Sentiment: Zacks Research downgraded Chevron from strong-buy to hold, which may have added some pressure to the shares.
Analyst Ratings Changes
A number of analysts have recently weighed in on CVX shares. Citigroup raised their price target on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Piper Sandler raised their price target on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a report on Thursday, April 9th. Morgan Stanley lifted their target price on shares of Chevron from $212.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Finally, Barclays lifted their target price on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $205.70.
Read Our Latest Stock Report on Chevron
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.
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