Manning & Napier Advisors LLC Sells 81,664 Shares of Chevron Corporation $CVX

Manning & Napier Advisors LLC lowered its position in shares of Chevron Corporation (NYSE:CVX) by 72.7% in the third quarter, Holdings Channel reports. The firm owned 30,660 shares of the oil and gas company’s stock after selling 81,664 shares during the period. Manning & Napier Advisors LLC’s holdings in Chevron were worth $4,761,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Quaker Wealth Management LLC increased its position in shares of Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 439 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Chevron during the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC grew its stake in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 118 shares during the period. IMG Wealth Management Inc. increased its holdings in shares of Chevron by 52.3% in the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 91 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new stake in shares of Chevron during the third quarter worth about $41,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Alana K. Knowles sold 7,956 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $1,313,137.80. Following the completion of the sale, the insider owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. This represents a 86.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the transaction, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 631,990 shares of company stock worth $99,716,808. 0.21% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CVX. Mizuho boosted their price objective on Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Raymond James Financial reiterated an “outperform” rating and issued a $160.00 price target (down previously from $170.00) on shares of Chevron in a report on Friday, October 17th. Barclays dropped their price objective on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Wall Street Zen cut Chevron from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.14.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Reuters reports the U.S. is expected to grant Chevron an expanded Venezuela license this week, which could allow increased production and revenue if implemented. Article Link
• Positive Sentiment: Financial press (FT / Seeking Alpha) says Chevron is poised to expand operations in Venezuela amid U.S. talks — a development that supports longer‑term upstream growth expectations. Article Link
• Positive Sentiment: Prominent portfolio manager Stephanie Link publicly said she’s buying more Chevron, signaling incremental institutional demand and confidence in the company’s outlook. Article Link
• Positive Sentiment: Oil prices have bounced back above key levels, boosting near‑term earnings prospects for major integrated oils like Chevron. Article Link
• Neutral Sentiment: Zacks’ 2026 market outlook highlights energy among sectors to watch amid geopolitical shifts — a thematic tailwind but not company‑specific guidance. Article Link
• Neutral Sentiment: Analyst/coverage pieces (e.g., Seeking Alpha’s undercovered list) keep Chevron on investors’ radars but provide no new company guidance. Article Link
• Negative Sentiment: Counterweight — Venezuela expansion carries political, operational and sanction‑reimposition risks; timing and scope of any license rollout remain uncertain, which could limit upside or create volatility.

Chevron Trading Up 2.0%

Chevron stock opened at $167.16 on Thursday. The company has a market cap of $336.59 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 10.22 and a beta of 0.70. The firm has a 50-day moving average of $152.97 and a 200-day moving average of $153.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a one year low of $132.04 and a one year high of $169.37.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter in the previous year, the business earned $2.48 earnings per share. Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.1%. Chevron’s dividend payout ratio is currently 96.20%.

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.