Chevron Corporation $CVX Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in Chevron Corporation (NYSE:CVX) by 33.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,380 shares of the oil and gas company’s stock after buying an additional 18,057 shares during the period. Vinva Investment Management Ltd’s holdings in Chevron were worth $11,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC grew its position in Chevron by 4.3% during the 3rd quarter. Parallel Advisors LLC now owns 110,990 shares of the oil and gas company’s stock worth $17,236,000 after purchasing an additional 4,594 shares during the last quarter. Guardian Partners Inc. boosted its stake in shares of Chevron by 1.4% during the third quarter. Guardian Partners Inc. now owns 68,953 shares of the oil and gas company’s stock worth $10,659,000 after buying an additional 938 shares during the period. Cladis Investment Advisory LLC grew its holdings in shares of Chevron by 26.9% during the third quarter. Cladis Investment Advisory LLC now owns 5,420 shares of the oil and gas company’s stock worth $842,000 after buying an additional 1,150 shares during the last quarter. Natixis Advisors LLC increased its position in Chevron by 30.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,445,704 shares of the oil and gas company’s stock valued at $224,503,000 after acquiring an additional 335,071 shares during the period. Finally, Korea Investment CORP increased its position in Chevron by 24.7% in the 3rd quarter. Korea Investment CORP now owns 1,412,522 shares of the oil and gas company’s stock valued at $219,351,000 after acquiring an additional 279,489 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CVX shares. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price on the stock in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Sanford C. Bernstein raised their target price on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. UBS Group reiterated a “buy” rating and set a $212.00 price target on shares of Chevron in a research note on Monday, February 2nd. Finally, Freedom Capital downgraded shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $178.95.

Chevron Price Performance

Shares of NYSE CVX opened at $190.01 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market cap of $379.14 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.91 and a beta of 0.67. The company’s 50-day moving average price is $173.38 and its 200 day moving average price is $160.84. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $192.41.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period last year, the company posted $2.06 EPS. The company’s revenue was down 10.2% on a year-over-year basis. As a group, research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.7%. 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. Chevron’s dividend payout ratio is presently 106.91%.

Insider Buying and Selling

In related news, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,052,197 shares of company stock worth $187,128,404 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical risk has pushed crude above $100–$116/bbl, directly boosting oil-giant revenues and margins; higher spot prices are a primary driver of today’s upside for CVX. Double, Double, Oil and Trouble: Crude Hits $116 and Here’s What It Means
• Positive Sentiment: Bank of America upgraded CVX to a $206 target, prompting fresh buying interest and helping push the stock toward its 1?year high. Chevron (CVX) Stock Surges Past $191 Following BofA’s Bullish $206 Target Upgrade
• Positive Sentiment: Strategic M&A/asset wins: Chevron closed the Hess deal (adding Guyana exposure) and secured exclusive talks for Iraq’s West Qurna 2 — both support longer?term production growth and valuation upside. Chevron’s Hess Deal And West Qurna 2 Talks Test Valuation Story
• Positive Sentiment: Defensive/dividend positioning: coverage highlights Chevron’s strong cash flow and long dividend track record, attracting yield-seeking institutional flows amid market volatility. MarketBeat: Chevron highlighted among high-yield defensive stocks
• Neutral Sentiment: Venezuela has resumed diluted crude exports, which could relieve some near-term regional strain; that development is being watched for its net effect on prices (mixed directional impact). Venezuela is back in the oil game at a critical moment
• Neutral Sentiment: Market headlines (e.g., energy names surging while growth suffers) are lifting CVX alongside peers; these flows can be volatile and sentiment-driven. Exxon & Chevron Jump While Berkshire Drops on Sunday Night
• Negative Sentiment: Large insider stock sales by CEO Michael Wirth and Vice Chairman Mark Nelson (multi?million dollar transactions) may raise governance/perception concerns for some investors. Chevron CEO Sells $51,621,354.40 in Stock
• Negative Sentiment: Valuation and strategy cautions: commentary notes CVX trading above some analyst targets and suggests options strategies (shorting OTM puts/calls) for those who see a peak in oil — signals that some market participants view current levels as stretched. If Oil Is At A Peak, Does Shorting Chevron Puts And Calls Make Sense?

About Chevron

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.