Retirement Systems of Alabama lessened its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,150,385 shares of the oil and gas company’s stock after selling 7,897 shares during the quarter. Chevron makes up about 0.6% of Retirement Systems of Alabama’s portfolio, making the stock its 27th biggest holding. Retirement Systems of Alabama owned approximately 0.06% of Chevron worth $175,330,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CVX. Vanguard Group Inc. boosted its position in Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after acquiring an additional 27,961,463 shares during the last quarter. State Street Corp raised its holdings in Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares during the last quarter. Primecap Management Co. CA purchased a new position in Chevron in the 3rd quarter worth approximately $988,083,000. Bank of New York Mellon Corp lifted its stake in Chevron by 27.9% in the 3rd 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. Finally, Amundi boosted its holdings in shares of Chevron by 41.8% during the 3rd quarter. Amundi now owns 11,760,376 shares of the oil and gas company’s stock worth $1,811,333,000 after purchasing an additional 3,464,058 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.
Trending Headlines about Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Analysts raised targets and upgraded the stock, supporting upside expectations and helping sentiment. Chevron (NYSE:CVX) Price Target Raised to $212.00
- Positive Sentiment: A cluster of California offshore platforms has restarted sales, sending crude to Chevron’s Los Angeles-area refinery — a near-term supply win for refining margins and throughput. Sable Restarts California Oil Sales, Sends Crude to Chevron
- Positive Sentiment: Multiple articles highlight upward earnings-estimate revisions and momentum characteristics for CVX, which can attract momentum-focused flows and support the stock if revisions continue. What Makes Chevron (CVX) a Strong Momentum Stock: Buy Now?
- Neutral Sentiment: Coverage summarizing Wall Street analyst views concludes many see CVX as a solid investment — useful for conviction but not an immediate catalyst absent rating moves or new guidance. Wall Street Analysts Think Chevron (CVX) Is a Good Investment: Is It?
- Neutral Sentiment: Valuation comparisons (e.g., Sasol vs. Chevron) provide context for value investors but don’t create immediate price pressure. SSL vs. CVX: Which Stock Is the Better Value Option?
- Neutral Sentiment: Broader energy-sector strength is a tailwind for majors like Chevron, but sector moves can be offset by company-specific news. Sector Update: Energy Stocks Rise Pre-Bell Monday
- Negative Sentiment: Storm damage at Chevron’s Wheatstone LNG plant in Australia will keep the facility offline for “a number of weeks,” tightening global LNG supply and raising near-term revenue/contract risk for CVX. Chevron says repairs to Wheatstone gas facility to take weeks
- Negative Sentiment: Cyclone-related outages across Australian LNG assets plus talk of a windfall-profits tax add regulatory and fiscal uncertainty that could curb margins or force higher charges on LNG proceeds. Cyclone Outages And Tax Threat Test Chevron’s Australian LNG Story
- Negative Sentiment: Geopolitical uncertainty tied to Iran prompted a public warning from Chevron’s CEO; such uncertainty can increase market volatility and cloud forward oil/demand assumptions. Chevron CEO sounds alarm as Trump puts a 10-day clock on Iran
Analyst Ratings Changes
Read Our Latest Report on Chevron
Chevron Stock Down 0.2%
Shares of CVX opened at $210.67 on Tuesday. The company’s 50-day moving average price is $186.41 and its 200 day moving average price is $165.63. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $214.71. 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 firm has a market cap of $420.37 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.67.
Chevron (NYSE:CVX – Get Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter last year, the firm posted $2.06 earnings per share. Chevron’s revenue was down 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.
Chevron Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.4%. Chevron’s payout ratio is 106.91%.
Insider Buying and Selling
In other news, insider Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This represents a 92.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,099,397 shares of company stock valued at $196,196,468 over the last quarter. 0.20% of the stock is owned by corporate insiders.
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.
Further Reading
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