Fideuram Intesa Sanpaolo Private Banking S.P.A. Cuts Stock Position in Chevron Corporation $CVX

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its holdings in Chevron Corporation (NYSE:CVX) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,415 shares of the oil and gas company’s stock after selling 3,741 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Chevron were worth $16,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in Chevron by 9.1% in the third 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 purchasing an additional 12,789,399 shares during the period. Berkshire Hathaway Inc boosted its position in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after buying an additional 8,091,570 shares during the period. Geode Capital Management LLC boosted its position in shares of Chevron by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock worth $6,620,187,000 after buying an additional 134,890 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Chevron by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock valued at $5,492,377,000 after buying an additional 961,341 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Chevron in the fourth quarter valued at about $3,727,586,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a research report on Tuesday, May 5th. UBS Group reiterated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Citigroup boosted their target price on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Sanford C. Bernstein reduced their target price on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a research report on Monday, May 11th. Nineteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.71.

Insider Activity

In related news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares in the company, valued at $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wolfe Research upgraded Chevron to Outperform, saying the recent pullback has created an attractive entry point and that Chevron’s long-term free cash flow outlook is stronger than the market is pricing in. Wolfe Research upgrades Chevron to Outperform on strong cash flow outlook
• Positive Sentiment: RBC Capital also reaffirmed its Buy rating on Chevron, adding to the positive analyst tone around the stock. RBC Capital Reaffirms Their Buy Rating on Chevron (CVX)
• Neutral Sentiment: Several market updates highlighted Chevron’s strong cash generation, solid returns, and ongoing investor interest, while noting the stock may be near fair value rather than deeply discounted. Chevron (CVX) Stock Looks Near Fair Value With Strong Returns But Rich Earnings
• Neutral Sentiment: Chevron remains in focus ahead of its second-quarter earnings conference call later this month, which could become the next major catalyst for the shares. Advisory: Chevron Corporation’s 2Q 2026 Earnings Conference Call and Webcast
• Negative Sentiment: A New York Post report said President Trump is pressuring Big Oil to lower gas prices ahead of the midterm elections, which could raise concerns about margin pressure or political scrutiny for Chevron and peers. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

Chevron Stock Down 0.1%

NYSE:CVX opened at $169.06 on Friday. The company has a market capitalization of $336.71 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.50. Chevron Corporation has a one year low of $145.58 and a one year high of $214.71. The stock has a 50-day simple moving average of $183.31 and a 200 day simple moving average of $180.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The firm had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter in the prior year, the firm posted $2.18 earnings per share. Chevron’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Chevron Corporation will post 15.52 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

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.