USS Investment Management Ltd Grows Stock Holdings in Chevron Corporation $CVX

USS Investment Management Ltd lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,642 shares of the oil and gas company’s stock after purchasing an additional 10,663 shares during the period. USS Investment Management Ltd’s holdings in Chevron were worth $55,989,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Chevron during the fourth quarter worth $3,727,586,000. State Street Corp grew its holdings in Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after buying an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc grew its holdings in Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Chevron by 822.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,211,258 shares of the oil and gas company’s stock worth $946,658,000 after acquiring an additional 5,537,580 shares during the last quarter. Finally, Amundi increased its stake in shares of Chevron by 41.8% in the 3rd quarter. Amundi now owns 11,760,376 shares of the oil and gas company’s stock worth $1,811,333,000 after acquiring an additional 3,464,058 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Performance

Shares of Chevron stock opened at $169.06 on Friday. Chevron Corporation has a 52 week low of $145.58 and a 52 week high of $214.71. The business’s fifty day simple moving average is $183.65 and its 200-day simple moving average is $180.48. The firm has a market cap of $336.71 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 0.55 and a beta of 0.50. 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 (NYSE:CVX) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $2.18 EPS. Equities analysts forecast that Chevron Corporation will post 15.52 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $216.00 price target on shares of Chevron in a research report on Wednesday, May 6th. Zacks Research cut shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Sanford C. Bernstein reduced their target price on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Weiss Ratings lowered shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Nineteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wolfe Research upgraded Chevron to Outperform, saying the recent pullback has made the shares more attractive and that improving long-term free cash flow is not fully reflected in the stock price. Wolfe Research upgrades Chevron to Outperform on strong cash flow outlook
• Positive Sentiment: Chevron signed a 20-year deal with Microsoft to supply electricity for an AI-focused Texas data center, and it is reviewing additional U.S. data-center power projects, highlighting a new growth avenue beyond traditional oil and gas. Chevron (CVX) Just Signed A 20 Year Microsoft AI Data Center Power Deal
• Positive Sentiment: Investors are also being reminded of Chevron’s dividend appeal and long record of shareholder payouts, which may help cushion sentiment during energy-sector volatility. Chevron Yields 4.2% Because Oil Prices Make Everyone Nervous. Here’s Why That Thinking Is Outdated
• Neutral Sentiment: Chevron announced its 2Q 2026 earnings conference call and webcast for July 31, which is routine but keeps investors focused on upcoming results. Advisory: Chevron Corporation’s 2Q 2026 Earnings Conference Call and Webcast
• Neutral Sentiment: Several commentary pieces continue to frame Chevron as a high-yield, value-oriented energy stock, but these are mostly reiterations rather than new company-specific catalysts. Should You Buy Chevron While It’s Below $180 or Wait for a Bigger Dip?
• Negative Sentiment: Oil prices have fallen to a four-month low, which is a headwind for Chevron’s upstream earnings and helps explain why the stock has been trading lower despite positive long-term announcements. Oil’s 4-month low hands Exxon, Chevron a fresh problem
• Negative Sentiment: Morgan Stanley reportedly lowered its price target on Chevron, adding to concern that near-term energy prices may not support earlier valuation expectations. Chevron (CVX) Price Target Lowered at Morgan Stanley. Here is Why

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction dated 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 completion of the sale, the director directly owned 278,045 shares in the company, valued at $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

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.