Northwestern Mutual Wealth Management Co. Has $161.33 Million Position in Chevron Corporation $CVX

Northwestern Mutual Wealth Management Co. lifted its position in shares of Chevron Corporation (NYSE:CVX) by 51.0% in the second quarter, HoldingsChannel.com reports. The fund owned 973,273 shares of the oil and gas company’s stock after buying an additional 328,773 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Chevron were worth $161,330,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CVX. BlackRock Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at $25,663,729,000. State Street Corp raised its holdings in shares of Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after buying an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc lifted its position in shares of Chevron by 6.6% during the 4th 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 last quarter. Geode Capital Management LLC lifted its position in shares of Chevron by 0.3% during the 4th 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analysts Set New Price Targets

CVX has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Mizuho set a $224.00 target price on shares of Chevron in a report on Monday, August 3rd. Zacks Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $216.00 price objective on shares of Chevron in a research report on Wednesday, May 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.48.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew Benjamin Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,152,582 shares of company stock valued at $225,853,661 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices boosted energy shares. Renewed U.S.-Iran military conflict and constrained shipping through the Strait of Hormuz pushed crude prices higher, improving the outlook for Chevron’s upstream earnings and cash flow. Chevron and Exxon Mobil Rise as U.S. Strikes on Iran Push WTI Crude Oil Higher
• Positive Sentiment: Potential Venezuela agreements could materially expand Chevron’s production base. Chevron is reportedly nearing agreements with Halliburton to invest in Venezuelan heavy-oil fields. A broader U.S.-backed arrangement could support billions of dollars in investment, with Chevron potentially becoming the only major U.S. oil company operating actively in Venezuela. Chevron and Halliburton Near Billion-Dollar Venezuela Oil Deals
• Positive Sentiment: Analyst earnings expectations improved. Erste Group Bank reportedly raised its fiscal 2026 EPS forecast, adding to investor confidence while Chevron benefits from stronger oil prices and possible new production assets. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Chevron is selling interests in offshore Angola. Etu Energias agreed to acquire Chevron’s working interests in Blocks 14 and 14K. The transaction may streamline the portfolio and generate proceeds, but it also reduces Chevron’s exposure to those assets. Etu Energias to Acquire Chevron Stakes in Offshore Angola
• Negative Sentiment: Refining pressure and Venezuela execution risks remain concerns. Coverage notes that higher crude near $90 per barrel can pressure refining margins. Venezuela projects also face significant operational, infrastructure, political and regulatory hurdles, meaning the potential production upside may take time and require substantial capital. Chevron Jumps as $90 Oil Meets Refining Pressure

Chevron Trading Up 2.2%

Shares of CVX stock opened at $206.25 on Tuesday. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $214.71. The stock’s fifty day simple moving average is $188.07 and its 200 day simple moving average is $189.06. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $407.50 billion, a P/E ratio of 19.77, a P/E/G ratio of 0.60 and a beta of 0.49.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the company earned $1.77 earnings per share. The business’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts predict that Chevron Corporation will post 16.24 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

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.