Fred Alger Management LLC Sells 3,545 Shares of Chevron Corporation $CVX

Fred Alger Management LLC reduced its position in Chevron Corporation (NYSE:CVX) by 5.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,799 shares of the oil and gas company’s stock after selling 3,545 shares during the period. Fred Alger Management LLC’s holdings in Chevron were worth $10,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Castellan Group increased its position in Chevron by 10.7% during the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock valued at $2,922,000 after buying an additional 1,965 shares in the last quarter. United Bank boosted its holdings in 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 acquiring an additional 796 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Chevron by 9.0% during 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 acquiring an additional 4,214 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Chevron by 8.5% during the second quarter. Intech Investment Management LLC now owns 50,395 shares of the oil and gas company’s stock valued at $7,216,000 after acquiring an additional 3,950 shares in the last quarter. Finally, Western Wealth Management LLC increased its holdings in shares of Chevron by 2.6% during the second quarter. Western Wealth Management LLC now owns 17,426 shares of the oil and gas company’s stock valued at $2,495,000 after acquiring an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $196.90 on Tuesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $198.88. The company’s 50 day moving average is $177.99 and its 200 day moving average is $162.33. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $392.88 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 1.82 and a beta of 0.67.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.06 EPS. On average, sell-side analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is 106.91%.

Insider Buying and Selling at Chevron

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider owned 8,558 shares in the company, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This trade represents a 88.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. Company insiders own 0.20% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Piper Sandler sharply raised its price target (large upward revision), calling CVX one of the top large-cap energy picks — a signal that some institutional analysts see stronger upside. Piper Sandler Bumps Chevron
• Positive Sentiment: Chevron advanced the Aphrodite gas field in Cyprus by awarding Worley a FEED contract, moving a development-stage project closer to execution — potentially adding future production and cash flow. Chevron Advances Aphrodite
• Positive Sentiment: Oil prices topping $100 on heightened Iran conflict risk supports higher near-term revenue and margins for major integrated oil companies like Chevron, lifting sentiment across the sector. Oil Prices Top $100
• Positive Sentiment: Reports that Chevron and Shell are close to major production agreements in Venezuela suggest potential long‑term production upside if deals proceed and sanctions/geopolitics allow. Venezuela Move
• Neutral Sentiment: Chevron won a new exploration block in Libya — this expands resource exposure but adds country risk; impact depends on project success and regional stability. Libya Expansion
• Neutral Sentiment: Background piece on a former Chevron Venezuela executive (and alleged CIA informant) provides color on historical geopolitics but has limited direct market impact. Background on Venezuela Exec
• Negative Sentiment: Barclays raised its price target to $180 but kept an “equal weight” rating — the target sits well below the current share price, implying limited upside from this influential house and signaling caution. Barclays Raises PT
• Negative Sentiment: Chevron agreed to a DOJ settlement over invalid renewable fuel credits, paying about $1M and retiring ~2M credits (~$3.6M value) — modest financially but a regulatory/compliance overhang. DOJ Settlement
• Negative Sentiment: Operational and geopolitical strains — force majeure at Israel’s Leviathan field, portfolio reshaping, and workforce reductions — increase near-term execution risk and uncertainty for production guidance. Geopolitics and Restructuring

Analyst Ratings Changes

A number of analysts recently commented on CVX shares. HSBC cut shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Monday, February 2nd. Mizuho upped their price target on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Sanford C. Bernstein raised their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Morgan Stanley lowered their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, UBS Group reissued a “buy” rating and set a $212.00 price objective on shares of Chevron in a report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $182.68.

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.