Chevron Corporation $CVX Shares Sold by Conning Inc.

Conning Inc. cut its holdings in shares of Chevron Corporation (NYSE:CVX) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,765 shares of the oil and gas company’s stock after selling 32,863 shares during the period. Chevron comprises about 1.2% of Conning Inc.’s investment portfolio, making the stock its 23rd biggest holding. Conning Inc.’s holdings in Chevron were worth $34,593,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vishria Bird Financial Group LLC increased its holdings in Chevron by 1.2% during the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock worth $821,000 after purchasing an additional 65 shares during the last quarter. Nexus Investment Management ULC grew its position in shares of Chevron by 0.9% during the third quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company’s stock worth $1,187,000 after buying an additional 65 shares in the last quarter. White Knight Strategic Wealth Advisors LLC increased its stake in shares of Chevron by 3.0% in the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock worth $319,000 after buying an additional 65 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Chevron by 7.4% in the second quarter. Rakuten Securities Inc. now owns 961 shares of the oil and gas company’s stock valued at $138,000 after acquiring an additional 66 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. boosted its stake in Chevron by 1.0% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 6,751 shares of the oil and gas company’s stock valued at $966,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVX. Bank of America cut their target price on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. UBS Group restated a “buy” rating on shares of Chevron in a research note on Monday, December 1st. Wall Street Zen downgraded Chevron from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Scotiabank boosted their price target on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, Sanford C. Bernstein raised their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.14.

Chevron Trading Up 2.0%

Shares of NYSE CVX opened at $167.16 on Thursday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $169.37. The company has a market cap of $336.59 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 10.22 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The stock’s 50 day simple moving average is $152.97 and its 200 day simple moving average is $153.92.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. During the same period last year, the company earned $2.48 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.1%. Chevron’s dividend payout ratio (DPR) is currently 96.20%.

Insider Activity

In other news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alana K. Knowles sold 7,956 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $1,313,137.80. Following the completion of the transaction, the insider directly owned 1,207 shares of the company’s stock, valued at $199,215.35. This trade represents a 86.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 631,990 shares of company stock valued at $99,716,808. Company insiders own 0.21% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Reuters reports the U.S. is expected to grant Chevron an expanded Venezuela license this week, which could allow increased production and revenue if implemented. Article Link
• Positive Sentiment: Financial press (FT / Seeking Alpha) says Chevron is poised to expand operations in Venezuela amid U.S. talks — a development that supports longer‑term upstream growth expectations. Article Link
• Positive Sentiment: Prominent portfolio manager Stephanie Link publicly said she’s buying more Chevron, signaling incremental institutional demand and confidence in the company’s outlook. Article Link
• Positive Sentiment: Oil prices have bounced back above key levels, boosting near‑term earnings prospects for major integrated oils like Chevron. Article Link
• Neutral Sentiment: Zacks’ 2026 market outlook highlights energy among sectors to watch amid geopolitical shifts — a thematic tailwind but not company‑specific guidance. Article Link
• Neutral Sentiment: Analyst/coverage pieces (e.g., Seeking Alpha’s undercovered list) keep Chevron on investors’ radars but provide no new company guidance. Article Link
• Negative Sentiment: Counterweight — Venezuela expansion carries political, operational and sanction‑reimposition risks; timing and scope of any license rollout remain uncertain, which could limit upside or create volatility.

About Chevron

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.