Verity Asset Management Inc. Sells 3,209 Shares of Chevron Corporation $CVX

Verity Asset Management Inc. cut its holdings in Chevron Corporation (NYSE:CVX) by 45.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,813 shares of the oil and gas company’s stock after selling 3,209 shares during the period. Verity Asset Management Inc.’s holdings in Chevron were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Vanguard Group Inc. boosted its stake in Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares during the last quarter. State Street Corp boosted its stake in Chevron by 9.1% in the third 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 acquiring an additional 12,789,399 shares during the last quarter. Primecap Management Co. CA bought a new position in Chevron in the third quarter valued at approximately $988,083,000. Bank of New York Mellon Corp boosted its stake in Chevron by 27.9% in the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares during the last quarter. Finally, Amundi boosted its stake in Chevron by 41.8% in the third quarter. Amundi now owns 11,760,376 shares of the oil and gas company’s stock valued at $1,811,333,000 after acquiring an additional 3,464,058 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CVX. HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, March 20th. UBS Group reissued a “buy” rating and set a $212.00 price target on shares of Chevron in a research report on Monday, February 2nd. Jefferies Financial Group lifted their price target on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research report on Tuesday, January 20th. Finally, Mizuho lifted their price target on shares of Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.09.

Insiders Place Their Bets

In related news, insider R. Hewitt Pate sold 40,200 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the sale, the insider directly owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alana K. Knowles sold 2,408 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total transaction of $441,338.24. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 768,673 shares of company stock worth $144,148,191 in the last ninety days. 0.56% of the stock is owned by insiders.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group sharply raised its FY2026 and FY2027 EPS forecasts for Chevron, lifting forward earnings expectations and supporting valuation upside. Erste Group Upgrades / MarketBeat CVX
• Positive Sentiment: Geopolitical risk around Iran and related White House outreach to oil traders (including Chevron) has helped propel crude to multi-year highs, a tailwind for integrated oil majors’ upstream cash flows. White House meets with Chevron, oil traders amid Iran standoff – Politico
• Positive Sentiment: Reports that the U.S. discussed extending a blockade of Iran with energy executives have tightened market sentiment and lifted oil/refining margins, which can boost Chevron’s refining and marketing results. Trump Discussed Extended Blockade With Oil, Commodities Chiefs
• Positive Sentiment: Surging refining crack spreads (seen in peers like Valero) suggest near-term margin tailwinds for refiners; that dynamic can help Chevron offset upstream weakness. Valero Energy Earnings To Skyrocket As Crack Spreads Soar Amid Iran War
• Positive Sentiment: Reports that Eneos is in talks to buy ~$2B of Chevron’s Asian assets could signal portfolio simplification and cash/return-enhancing asset sales. Eneos in final talks for $2B in Asian assets from Chevron – Bloomberg / Seeking Alpha
• Neutral Sentiment: Dividend-focused pieces highlight Chevron’s 3.7% yield and income strategies ahead of Q1, which supports buy-and-hold interest but is not an immediate catalyst for price moves. How To Earn $500 A Month From Chevron Stock Ahead Of Q1 Earnings – Benzinga
• Neutral Sentiment: Longer-term narrative pieces argue a recent pullback may present a buying opportunity for investors focused on energy exposure and dividend income. The Crude Reality: Pullback Creates High-Conviction Opportunity in Chevron (CVX)
• Negative Sentiment: Consensus expects a sharp Q1 EPS decline (street estimate ~$0.97/share) and revenue weakness; Q1 results due May 1 are the key near-term risk—misses could pressure the stock. Exxon Mobil and Chevron Will Report Q1 Earnings Tomorrow – TipRanks
• Negative Sentiment: Pre-earnings coverage warns Chevron is bracing for year-over-year declines in both earnings and revenue; confirmation of softness could weigh on multiples. Chevron braces for Q1 earnings and revenue decline – Invezz
• Negative Sentiment: Recent technical pullback (~10% over 30 days) leaves CVX nearer-term vulnerable to disappointing Q1 details or weaker oil/refining dynamics. Is Chevron (CVX) Offering Value After A 10.8% Monthly Pullback?

Chevron Trading Down 0.1%

Shares of NYSE CVX traded down $0.28 during midday trading on Thursday, reaching $191.94. 1,191,557 shares of the stock were exchanged, compared to its average volume of 12,516,514. The business has a 50-day simple moving average of $192.91 and a two-hundred day simple moving average of $170.93. The company has a market capitalization of $382.39 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 0.71 and a beta of 0.60. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last announced its quarterly earnings results 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. The company had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. As a group, equities research analysts expect that Chevron Corporation will post 13.55 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.7%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is presently 106.91%.

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.