Great Lakes Advisors LLC Grows Position in Chevron Corporation $CVX

Great Lakes Advisors LLC raised its position in Chevron Corporation (NYSE:CVX) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,288 shares of the oil and gas company’s stock after acquiring an additional 3,125 shares during the quarter. Great Lakes Advisors LLC’s holdings in Chevron were worth $31,413,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Quaker Wealth Management LLC boosted its position in shares of Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Chevron in the third quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC raised its holdings 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 purchasing an additional 118 shares in the last quarter. IMG Wealth Management Inc. lifted its position in shares of Chevron by 52.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after buying an additional 91 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new position in shares of Chevron in the 3rd quarter valued at $41,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $160.00 target price (down previously from $170.00) on shares of Chevron in a research report on Friday, October 17th. UBS Group restated a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Piper Sandler decreased their price target on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, Mizuho upped their price objective on Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $170.00.

Chevron Trading Up 0.6%

NYSE:CVX opened at $170.02 on Thursday. The stock has a market capitalization of $342.35 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 11.66 and a beta of 0.70. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $170.42. The stock has a fifty day moving average price of $155.45 and a two-hundred day moving average price of $155.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The firm had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $2.48 EPS. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 annualized dividend and a dividend yield of 4.0%. Chevron’s dividend payout ratio is currently 96.20%.

Insider Buying and Selling

In other news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the transaction, the chief executive officer owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% 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, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 635,190 shares of company stock valued at $100,254,408. 0.20% of the stock is currently owned by company insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron plans to lift Venezuelan crude shipments to the U.S. to ~300,000 bpd in March, which should support near‑term volumes and revenues. Chevron to boost exports of Venezuelan oil to US in March, sources say
• Positive Sentiment: Wall Street remains supportive: RBC and DBS published buy ratings and BMO reiterated a Buy/Outperform, underpinning investor sentiment and providing demand-side support for the stock. RBC Capital Sticks to Their Buy Rating for Chevron (CVX)
• Positive Sentiment: Chevron added Thomas W. Horton to its board and audit committee, boosting governance credentials and signaling stronger oversight as the company executes international deals. Chevron appoints veteran executive Thomas Horton to board
• Positive Sentiment: Large money managers have been increasing Chevron positions, a sign of institutional conviction that could support the share price on dips. The Value Stock Big-Money Managers Are Quietly Buying
• Neutral Sentiment: Chevron is pursuing improved financial terms from Iraq before taking over Lukoil’s West Qurna 2 stake — a potential growth opportunity but outcomes remain uncertain and could take time to close. Exclusive: Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say
• Neutral Sentiment: Chevron signed an MoU with Libya’s NOC to restart exploration activity — a strategic re‑entry that adds optionality but carries execution and country-risk timelines. Chevron Signs MoU With Libya’s NOC to Boost Oil and Gas Exploration
• Negative Sentiment: Political scrutiny is rising: coverage highlights pressure between Wall Street’s spending-discipline narrative and political calls to invest heavily in Venezuela — that tension could force Chevron into politically sensitive capital decisions or regulatory scrutiny. Venezuela Tests Big Oil’s Wall Street-Backed Spending Discipline
• Negative Sentiment: Senate-level disputes over U.S. involvement in Venezuela’s oil sector increase policy and reputational risk; heated hearings and political rhetoric could translate into regulatory or sanction risks. JD Vance’s ‘Petty Insults’ Involving Comparisons To ‘Forrest Gump’ Blasted By Tammy Duckworth: Your Boss Ran ‘Crying’ Bone Spurs

Chevron 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.