Capital World Investors Reduces Stake in Chevron Corporation $CVX

Capital World Investors lessened its stake in shares of Chevron Corporation (NYSE:CVX) by 12.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,706,883 shares of the oil and gas company’s stock after selling 1,594,765 shares during the quarter. Capital World Investors owned about 0.58% of Chevron worth $1,817,963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Chevron by 17.9% during 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 in the last quarter. Norges Bank purchased a new stake in Chevron in the 2nd quarter worth approximately $2,721,477,000. Primecap Management Co. CA bought a new position in Chevron in the 3rd quarter valued at $988,083,000. Bank of New York Mellon Corp boosted its holdings in Chevron by 27.9% in the 3rd 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 purchasing an additional 4,279,918 shares during the period. Finally, Laurel Wealth Advisors LLC grew its position in shares of Chevron by 14,194.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock valued at $532,984,000 after purchasing an additional 3,696,177 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Argus set a $203.00 price objective on Chevron in a research report on Tuesday, February 3rd. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Tuesday, February 17th. Citigroup upped their target price on Chevron from $179.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. TD Cowen raised their price target on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, Piper Sandler cut their price objective on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. 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. According to MarketBeat, Chevron has an average rating of “Hold” and a consensus price target of $178.95.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil price spike from Middle East tensions and production cuts lifts revenue and cash-flow outlook for major producers like Chevron; higher crude supports refining/upstream margins and dividend/cash-return capacity. Exxon & Chevron Jump While Berkshire Drops on Sunday Night
• Positive Sentiment: BofA analyst upgrade and $206 price target prompted buying interest and helped push CVX shares higher, reinforcing a bullish narrative among institutional investors. Chevron (CVX) Stock Surges Past $191 Following BofA’s Bullish $206 Target Upgrade
• Positive Sentiment: Strategic M&A and asset moves: Chevron completed the Hess acquisition (adds Guyana exposure) and has exclusive talks for Iraq’s West Qurna 2, bolstering long‑term production growth expectations. Chevron’s Hess Deal And West Qurna 2 Talks Test Valuation Story
• Positive Sentiment: Chevron is reportedly in talks to buy ~30% of Brazil fuel distributor Ipiranga (Ultrapar stake), a potential distribution footprint expansion in Latin America that could improve downstream margins and local market access. Chevron in talks with Ultrapar to buy 30% of Brazil’s Ipiranga – report
• Positive Sentiment: Operational wins: Chevron signed a five‑year gas supply deal with Horizon Power in Western Australia, locking in long‑term contracted cash flow from major WA projects. Chevron Secures Long-Term Gas Supply Deal With Horizon Power
• Neutral Sentiment: Industry reports spotlight long‑run demand for oil‑shale, infrastructure and connected‑oilfield tech and list Chevron among leaders — supportive for strategic positioning but long‑term and not an immediate earnings driver. Oil Shale Industry Report 2026-2035
• Neutral Sentiment: Options/hedging chatter: market pieces discuss shorting puts/calls or covered-call income strategies on CVX amid a volatile oil patch; signals elevated trading/volatility rather than company fundamentals. If Oil Is at a Peak, Does Shorting Chevron Puts and Calls Make Sense?
• Negative Sentiment: Operational disruption: reports say Chevron will suspend production at the Leviathan gas field offshore Israel — a near‑term hit to volumes/revenue and a reminder of geopolitical operational risk. Chevron to Suspend Production at Leviathan Gas Field Offshore Israel
• Negative Sentiment: Regulatory/political risk: Chevron publicly criticized California Gov. Gavin Newsom’s proposed Cap‑and‑Invest changes, flagging potential impacts to state energy stability and jobs — this raises the prospect of localized regulatory headwinds and reputational/policy friction. Chevron Slams Gavin Newsom’s ‘Disastrous’ Energy Policy

Chevron Stock Down 0.3%

CVX opened at $189.43 on Tuesday. The stock has a market cap of $377.99 billion, a PE ratio of 28.44, a P/E/G ratio of 1.91 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $192.41. The business’s fifty day simple moving average is $174.15 and its 200 day simple moving average is $161.09.

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

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. The ex-dividend date is Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. Chevron’s dividend payout ratio (DPR) is 106.91%.

Insider Transactions at Chevron

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,052,197 shares of company stock worth $187,128,404. Corporate insiders own 0.20% of the company’s stock.

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.