Chevron Corporation $CVX Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC trimmed its holdings in shares of Chevron Corporation (NYSE:CVX) by 42.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,486 shares of the oil and gas company’s stock after selling 40,121 shares during the quarter. Chevron makes up approximately 1.3% of Townsquare Capital LLC’s investment portfolio, making the stock its 15th largest position. Townsquare Capital LLC’s holdings in Chevron were worth $8,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Chevron during the 2nd quarter worth approximately $2,721,477,000. Bank of New York Mellon Corp increased its position in shares of Chevron by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after purchasing an additional 4,279,918 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Chevron by 14,194.2% in 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. Berkshire Hathaway Inc lifted its holdings in Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after purchasing an additional 3,454,258 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Chevron by 32.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,125,735 shares of the oil and gas company’s stock worth $1,417,135,000 after buying an additional 2,218,283 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

NYSE CVX opened at $171.15 on Friday. The company has a market cap of $344.60 billion, a P/E ratio of 24.07, a P/E/G ratio of 11.83 and a beta of 0.70. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $174.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a 50-day moving average of $155.87 and a two-hundred day moving average of $155.24.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.02). The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. As a group, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Insider Activity

In other news, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This represents a 86.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the company’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 directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. This trade represents a 95.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 635,190 shares of company stock worth $100,254,408 over the last three months. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CVX. Citigroup cut their price target on Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a report on Monday, January 5th. Barclays boosted their price target on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Sanford C. Bernstein boosted their target price on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target for the company in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.00.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Record/strong production helped offset weaker oil prices and supported results — Chevron reported booming output from the U.S. Gulf of Mexico and Kazakhstan that management says helped blunt lower crude prices. Chevron Exceeds Profit Forecasts With Booming Oil Production
• Positive Sentiment: Venezuela optionality is a near-term growth driver — Chevron is expanding Venezuelan exports to the U.S. (plans to lift shipments to ~300K bpd in March) and is the only U.S. major operating there under a special license, which management says creates attractive investment opportunities. Chevron to boost exports of Venezuelan oil to US in March, sources say Chevron earnings beat as production hits record with upside expected in Venezuela
• Positive Sentiment: Operational focus and cost discipline helped results versus some estimates — Reuters and other coverage note that cost cuts and efficiency gains allowed Chevron to beat certain profit estimates despite a tougher price backdrop. Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities
• Neutral Sentiment: Analyst sentiment still constructive — Several firms (RBC, DBS, BMO) have maintained Buy/Outperform ratings and price targets supporting investor interest; keeps a floor under the stock while investors weigh Q4 details. RBC Capital Sticks to Their Buy Rating for Chevron (CVX)
• Neutral Sentiment: Kazakhstan operations: government reassurance — Kazakhstan reported Chevron committed to reliable, safe Tengiz operations, reducing regulatory/operational uncertainty at a key producing asset. Kazakhstan says Chevron promises Tengiz will be operated reliably and safely
• Negative Sentiment: Headline EPS and revenue missed some consensus metrics — Chevron reported adjusted EPS of $1.52 (Businesswire/MarketBeat) versus analyst consensus near $1.54 and revenue of $45.79B vs. ~$48.18B consensus, which tempers the bullish reaction. Chevron Reports Fourth Quarter 2025 Results
• Negative Sentiment: Annual profits compressed — Reports note Chevron posted its slimmest annual profits since 2021, reflecting the weaker oil price environment and margin pressure; that macro squeeze is a headwind for forward EPS expectations. Exxon, Chevron Post Slimmest Annual Profits Since 2021

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.