State Street Corp Grows Position in Chevron Corporation $CVX

State Street Corp raised its stake in shares of Chevron Corporation (NYSE:CVX) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 159,136,768 shares of the oil and gas company’s stock after purchasing an additional 5,998,852 shares during the period. State Street Corp owned 0.08% of Chevron worth $28,016,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVX. Midwest Capital Advisors LLC purchased a new position in shares of Chevron during the 1st quarter valued at about $25,000. Main Street Group LTD purchased a new stake in Chevron in the 1st quarter worth approximately $28,000. Phillip James Consulting Co. bought a new stake in Chevron during the 4th quarter worth approximately $26,000. Kilter Group LLC bought a new stake in Chevron during the 2nd quarter worth approximately $28,000. Finally, Core Wealth Advisors LLC purchased a new position in Chevron during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of analyst reports. Sanford C. Bernstein increased their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. BMO Capital Markets increased their price target on Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Wells Fargo & Company raised their price target on Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $216.00 price objective on shares of Chevron in a research report on Friday, July 10th. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.35.

Insider Buying and Selling at Chevron

In related news, insider R. Pate sold 2,470 shares of Chevron stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the transaction, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Hess sold 710,665 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the sale, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher analyst estimates: Erste Group Bank raised its FY2026 EPS forecast to $16.09 from $15.94 and its FY2027 forecast to $13.52 from $13.40. The revisions suggest modestly improved expectations for Chevron’s earnings outlook. Erste Group Bank raises Chevron earnings estimates
• Positive Sentiment: Venezuela production expansion: Chevron plans to more than double the number of rigs it operates in Venezuela as part of a five-year effort to increase output. A sharp rise in U.S. imports of Venezuelan crude could give Chevron an important growth opportunity, although the strategy carries geopolitical and execution risks. Chevron expands Venezuela operations
• Positive Sentiment: Production and LNG growth: Chevron expects to increase the number of wells drilled next year and continues to emphasize liquefied natural gas as a long-term demand-growth area. These initiatives could support future production and diversify the company beyond oil. Chevron plans more wells next year
• Neutral Sentiment: Execution remains key: Commentary on Chevron’s integrated-energy strategy highlights the potential benefits of its upstream, refining and LNG businesses, but also the challenge of managing operations while crude-price volatility eases. Chevron integrated energy execution
• Negative Sentiment: Weak crude prices: Global oil prices fell for a fourth consecutive session, pressuring Chevron because lower commodity prices can reduce upstream revenue, cash flow and earnings expectations. This appears to be the main near-term reason the stock has decreased despite a stronger overall market. Why Chevron stock is falling

Chevron Price Performance

NYSE CVX traded up $0.09 during trading on Tuesday, hitting $203.75. 3,174,694 shares of the stock traded hands, compared to its average volume of 10,696,471. The company has a market capitalization of $402.57 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The firm has a 50-day simple moving average of $199.83 and a 200-day simple moving average of $191.85. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $217.78.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 EPS. As a group, analysts predict that Chevron Corporation will post 16.51 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron’s dividend payout ratio (DPR) is 68.26%.

Chevron Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.