Deprince Race & Zollo Inc. Sells 51,375 Shares of Chevron Corporation $CVX

Deprince Race & Zollo Inc. lessened its position in Chevron Corporation (NYSE:CVX) by 26.7% during the first quarter, Holdings Channel reports. The institutional investor owned 140,791 shares of the oil and gas company’s stock after selling 51,375 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Chevron were worth $29,130,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after acquiring an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc raised its holdings in shares of Chevron by 6.6% in the fourth 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 purchasing an additional 8,091,570 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Chevron by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock worth $6,620,187,000 after purchasing an additional 134,890 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Chevron by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock worth $5,492,377,000 after purchasing an additional 961,341 shares in the last quarter. Finally, Norges Bank acquired a new position in Chevron during the fourth quarter worth $3,727,586,000. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 380,000 shares of the business’s 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 transaction, the director directly owned 278,045 shares in the company, valued at $53,718,294. The trade was a 57.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Chevron Trading Up 2.0%

NYSE CVX opened at $169.06 on Friday. Chevron Corporation has a 12 month low of $145.58 and a 12 month high of $214.71. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $183.65 and a 200-day moving average of $180.48. The company has a market cap of $336.71 billion, a PE ratio of 29.30, a PEG ratio of 0.55 and a beta of 0.50.

Chevron (NYSE:CVX) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same period in the previous year, the company earned $2.18 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Chevron Corporation will post 15.52 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend 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

A number of research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, March 20th. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Thursday. Citigroup raised their price objective on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Finally, Piper Sandler lifted their target price on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average price target of $205.71.

Key Headlines Impacting Chevron

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

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.