North Star Asset Management Inc. Has $2.87 Million Stock Position in Chevron Corporation $CVX

North Star Asset Management Inc. lifted its holdings in Chevron Corporation (NYSE:CVX) by 23.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,502 shares of the oil and gas company’s stock after acquiring an additional 3,516 shares during the period. North Star Asset Management Inc.’s holdings in Chevron were worth $2,873,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Quaker Wealth Management LLC increased its holdings in shares of Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 439 shares during the period. Decker Retirement Planning Inc. bought a new stake in shares of Chevron in the third quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC grew its position in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after buying an additional 118 shares in the last quarter. Marquette Asset Management LLC bought a new position in Chevron during the 3rd quarter worth $41,000. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total value of $7,976,986.00. Following the completion of the sale, the insider directly owned 7,161 shares in the company, valued at $1,247,231.37. This represents a 86.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R. Hewitt Pate sold 41,134 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $176.40, for a total value of $7,256,037.60. Following the transaction, the insider directly owned 4,169 shares of the company’s stock, valued at approximately $735,411.60. This represents a 90.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 534,898 shares of company stock valued at $89,543,711 over the last quarter. 0.20% of the stock is currently owned by company insiders.

Chevron Trading Up 0.3%

Shares of CVX stock opened at $185.43 on Wednesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $187.90. The stock’s fifty day simple moving average is $167.33 and its 200 day simple moving average is $159.00. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $373.36 billion, a P/E ratio of 27.84, a P/E/G ratio of 12.24 and a beta of 0.70.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company earned $2.06 earnings per share. As a group, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

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

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron has entered exclusive talks with Iraq over the giant West Qurna 2 oilfield, advancing a deal that would add material reserves and production to CVX’s portfolio if completed — a clear upside catalyst for long-term growth. Chevron, Iraq agree to exclusive talks over West Qurna 2 oilfield
• Positive Sentiment: Reports say Chevron has signed initial deals and is negotiating for a stake in the massive Iraq oilfield currently held by Lukoil — a high-reward move that could materially boost reserves, though it carries execution and geopolitical risk. Chevron signs initial deals for stake in giant Iraq oilfield held by Russia’s Lukoil
• Positive Sentiment: Coverage highlights Chevron negotiating for a stake in a massive Iraqi oilfield with high upside potential; analysts note this is a higher‑risk, higher‑reward expansion of CVX’s upstream footprint. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq. 2 Key Takeaways for Investors.
• Positive Sentiment: Ship-tracking and media reports show Chevron sold Venezuelan crude to Reliance — the first such sale since 2023 — signaling resumed commercial flows to a large Asian buyer and a potential near-term revenue boost. Chevron sells Venezuelan oil to India’s Reliance for the first time since 2023
• Positive Sentiment: Coverage notes Chevron is boosting exploration spending and pursuing new offshore projects (Greece, Libya), supporting a bullish outlook for future production growth. Chevron (CVX) gains bullish outlook as exploration spending rises
• Neutral Sentiment: Commentators and analysts are generally positive (including a high‑profile buy mention), but some pieces focus on valuation after a recent 52‑week high — a reminder that upside is balanced by stretched multiples. Chevron (CVX)’s the Only Company I Would Buy Here, Says Jim Cramer Chevron (CVX) Valuation Check After 52-Week High
• Neutral Sentiment: Comparisons to peers (Shell) and market‑performance writeups note CVX has outpaced the Nasdaq recently; these are useful context for relative valuation but are not single-event drivers. Chevron or Shell: Which Energy Supermajor Has the Edge Now? Is Chevron Stock Outperforming the Nasdaq?

Analysts Set New Price Targets

Several equities analysts have commented on CVX shares. Piper Sandler decreased their target price on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. UBS Group reaffirmed a “buy” rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Jefferies Financial Group lifted their price target on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Scotiabank restated a “sector perform” rating and set a $168.00 price objective on shares of Chevron in a research report on Friday, January 16th. Finally, Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $176.36.

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.