Bailard Inc. Purchases 16,129 Shares of Chevron Corporation $CVX

Bailard Inc. grew its position in shares of Chevron Corporation (NYSE:CVX) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,967 shares of the oil and gas company’s stock after acquiring an additional 16,129 shares during the quarter. Bailard Inc.’s holdings in Chevron were worth $17,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quaker Wealth Management LLC boosted its stake in shares of Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after buying an additional 439 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron in the third quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC raised its holdings in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. Marquette Asset Management LLC bought a new stake in Chevron during the third quarter worth about $41,000. Finally, IMG Wealth Management Inc. boosted its position in Chevron by 52.3% during the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 91 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Sanford C. Bernstein boosted their price target on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. BMO Capital Markets restated an “outperform” rating on shares of Chevron in a report on Thursday, January 8th. Morgan Stanley upped their price target on shares of Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Scotiabank reissued a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $168.61.

Chevron Trading Down 0.6%

Shares of Chevron stock opened at $165.29 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a 50-day moving average of $153.86 and a 200-day moving average of $154.51. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $169.37. The stock has a market cap of $332.82 billion, a PE ratio of 23.25, a PEG ratio of 10.29 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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 net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. During the same quarter in the previous year, the company earned $2.48 EPS. The business’s revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

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

Insider Activity

In other Chevron news, insider Alana K. Knowles sold 7,956 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the completion of the transaction, the insider owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. The trade was a 86.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eimear P. Bonner sold 28,334 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. The trade was a 86.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 635,190 shares of company stock valued at $100,254,408 over the last quarter. 0.20% of the stock is owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: JPMorgan upgraded Chevron from Neutral to Overweight with a $176 price target — a near‑term catalyst for buying interest and implied upside from current levels. JPMorgan Upgrade (Benzinga)
• Positive Sentiment: Jefferies recently raised its price target (reported by analysts) and remains bullish, reflecting continued analyst conviction in Chevron’s cash flow and dividend profile. Analysts Stay Positive on Chevron (InsiderMonkey)
• Positive Sentiment: Bloomberg/Reuters report that Turkish Petroleum is in talks with Chevron for joint oil & gas exploration — a new partnership that could open incremental upstream opportunities and longer‑term production optionality. Turkish Petroleum Talks with Chevron (Reuters)
• Neutral Sentiment: Sector commentary is questioning whether Chevron’s current price reflects long‑term value after recent energy strength — useful context for valuation‑focused investors but not an immediate catalyst. Is Chevron Pricing Reflect Long Term Value (Yahoo)
• Neutral Sentiment: Chevron’s inclusion in dividend‑focused ETFs and “forever stock” lists supports steady long‑term demand from income investors, underpinning downside support. Forever Stocks to Hold (MarketBeat)
• Negative Sentiment: WSJ reports Chevron faces a dilemma on Venezuela — politically attractive access vs. reluctance to commit large capital — highlighting execution and geopolitical risk to any upside tied to Venezuelan reopening. Chevron’s Dilemma in Venezuela (WSJ)
• Negative Sentiment: Disclosure that Senator Markwayne Mullin bought Chevron stock days before a U.S. operation concerning Venezuela has drawn attention to political timing and highlights Chevron’s sensitivity to U.S. policy — a reputational/regulatory risk investors watch closely. Sen. Mullin Bought Chevron Stock (QuiverQuant)

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.