Chevron Corporation $CVX Stock: Nippon Life Global Investors Americas Inc. Trims Holdings

Posted by Brenda Bartman on Nov 2nd, 2026

Nippon Life Global Investors Americas Inc. decreased its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 61.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,910 shares of the oil and gas company’s stock after selling 94,050 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Chevron were worth $11,826,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in Chevron by 3.9% during the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after buying an additional 5,998,852 shares in the last quarter. BlackRock Inc. purchased a new stake in Chevron in the 2nd quarter worth about $25,663,729,000. Bank of America Corp DE boosted its holdings in shares of Chevron by 5.1% during the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after purchasing an additional 1,334,976 shares during the period. Amundi increased its stake in Chevron by 3.0% in the 1st quarter. Amundi now owns 12,185,436 shares of the oil and gas company’s stock valued at $2,521,166,000 after buying an additional 349,416 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Chevron in the 2nd quarter valued at approximately $2,378,114,000. 72.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $241.00 price target on shares of Chevron in a research note on Tuesday, October 20th. HSBC set a $90.00 price target on Chevron in a report on Friday, September 25th. Bank of America boosted their price objective on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Jefferies Financial Group raised their target price on Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, BMO Capital Markets lifted their price target on Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average price target of $215.54.

Check Out Our Latest Analysis on Chevron

More Chevron News

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Quarterly earnings exceeded expectations. Chevron reported adjusted earnings of $5.28 per share, above the roughly $4.87-$4.89 analyst consensus, while revenue reached $65.24 billion versus estimates of $61.82 billion. Adjusted earnings of approximately $10.4 billion nearly tripled from a year earlier. Chevron tops Q3 expectations on higher downstream profit
Positive Sentiment: Refining was the standout business. Downstream earnings climbed to nearly $4.9 billion from about $1.1 billion a year earlier as refinery outages and conflicts involving Iran and Russia reduced fuel supplies and lifted margins. Chevron beats earnings expectations as refining profits soar
Positive Sentiment: Cash generation and the balance sheet improved. Chevron generated roughly $12 billion of free cash flow and $16 billion of operating cash flow, while reducing net debt by about $7.8 billion. This supports dividends, potential buybacks and future investment. Chevron’s profit nearly tripled from a year ago
Neutral Sentiment: Analyst sentiment has become more constructive. One valuation estimate increased from $227.71 to $232.50, with higher oil-price assumptions, strong refining results and possible Venezuela-related upside supporting revised targets. However, the stock’s rally has reduced its dividend yield for new investors. Chevron stock fair value edges higher
Negative Sentiment: Investors face risks beyond the strong quarter. Chevron warned that downtime could reduce fourth-quarter production by approximately 225,000 barrels of oil equivalent per day. In addition, refining profits may normalize if geopolitical disruptions ease, while the stock’s elevated valuation and lingering questions about buybacks could limit further upside. Chevron says downtime could hit Q4 output

Chevron Trading Up 0.0%

Shares of NYSE CVX opened at $235.62 on Monday. The company’s 50 day simple moving average is $213.16 and its 200 day simple moving average is $193.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $236.48. The firm has a market capitalization of $465.53 billion, a P/E ratio of 17.24, a P/E/G ratio of 0.56 and a beta of 0.47.

Chevron (NYSE:CVX – Get Free Report) last posted its earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.87 by $0.41. The company had revenue of $65.24 billion during the quarter, compared to analyst estimates of $61.82 billion. Chevron had a return on equity of 14.64% and a net margin of 11.56%. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 EPS. On average, analysts predict that Chevron Corporation will post 18.15 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $1.78 per share. The ex-dividend date is Wednesday, November 18th. This represents a $7.12 annualized dividend and a dividend yield of 3.0%. Chevron’s payout ratio is currently 68.26%.

Insiders Place Their Bets

In other Chevron news, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider directly owned 14 shares in the company, valued at $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Pate sold 40,700 shares of Chevron stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total value of $9,224,655.00. Following the sale, the insider directly owned 8,791 shares of the company’s stock, valued at approximately $1,992,480.15. The trade was a 82.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 385,017 shares of company stock valued at $78,253,704 over the last 90 days. 0.56% of the stock is currently owned by insiders.

Chevron Company Profile

(Free Report)

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.