Jennison Associates LLC Boosts Holdings in Chevron Corporation $CVX

Jennison Associates LLC increased its holdings in Chevron Corporation (NYSE:CVX) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,036,502 shares of the oil and gas company’s stock after acquiring an additional 4,665 shares during the quarter. Jennison Associates LLC’s holdings in Chevron were worth $157,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CVX. United Bank boosted its holdings in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after buying an additional 796 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after buying an additional 4,214 shares during the last quarter. BNP Paribas boosted its holdings in shares of Chevron by 76.4% in the second quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock worth $63,000 after buying an additional 191 shares during the last quarter. Osterweis Capital Management Inc. boosted its holdings in shares of Chevron by 678.9% in the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock worth $195,000 after buying an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Chevron by 3.6% in the second quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock worth $2,299,000 after buying an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CVX. Piper Sandler raised their price objective on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Mizuho raised their target price on shares of Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, March 20th. 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. Finally, Wells Fargo & Company raised their target price on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average target price of $198.09.

Chevron Price Performance

NYSE CVX opened at $191.84 on Thursday. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71. The stock has a market cap of $382.19 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 0.71 and a beta of 0.60. The company’s 50 day moving average is $192.91 and its two-hundred day moving average is $170.93. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS 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 firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 EPS. As a group, research analysts anticipate that Chevron Corporation will post 13.55 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. The ex-dividend date was 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 3.7%. Chevron’s dividend payout ratio (DPR) is 106.91%.

Insider Activity

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The shares were 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 $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 768,673 shares of company stock valued at $144,148,191. Company insiders own 0.56% of the company’s stock.

Key Chevron News

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 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.