Assetmark Inc. Boosts Holdings in Chevron Corporation $CVX

Assetmark Inc. increased its holdings in shares of Chevron Corporation (NYSE:CVX) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,663 shares of the oil and gas company’s stock after buying an additional 13,588 shares during the period. Assetmark Inc.’s holdings in Chevron were worth $25,726,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its stake in shares of Chevron by 24.1% in the third quarter. Public Sector Pension Investment Board now owns 414,964 shares of the oil and gas company’s stock valued at $64,440,000 after acquiring an additional 80,673 shares in the last quarter. Check Capital Management Inc. CA acquired a new position in Chevron during the 3rd quarter worth $210,000. Atria Investments Inc increased its holdings in Chevron by 1.9% during the 3rd quarter. Atria Investments Inc now owns 226,501 shares of the oil and gas company’s stock worth $35,173,000 after purchasing an additional 4,211 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in shares of Chevron by 12.6% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 893 shares of the oil and gas company’s stock valued at $139,000 after buying an additional 100 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Chevron by 10.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 239,391 shares of the oil and gas company’s stock valued at $37,175,000 after buying an additional 22,336 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Chevron news, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer directly owned 4,366 shares in the company, valued at approximately $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Thomas Ryder Booth sold 6,000 shares of Chevron stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $178.43, for a total transaction of $1,070,580.00. Following the sale, the chief technology officer owned 476 shares of the company’s stock, valued at approximately $84,932.68. The trade was a 92.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 793,163 shares of company stock valued at $127,920,502 in the last quarter. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Bank of America lowered their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a report on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $175.00.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela is set to grant additional oil drilling blocks to Chevron and Repsol, a development that would expand production opportunity and reserves in a high-impact basin. Venezuela set to grant more oil drilling blocks to Chevron, Repsol – Bloomberg
• Positive Sentiment: Chevron has begun processing Venezuelan crude at a Gulf Coast refinery — a tangible near-term boost to volumes/refining feedstock access and a sign of resumed operations tied to political changes. Inside Chevron’s flagship refinery tapping into Venezuelan crude after Maduro’s capture
• Positive Sentiment: Chevron is returning to Libya and pursuing exploration/blocks in the Sirte Basin — a move that increases long‑term upstream optionality if political/security conditions hold. Big Oil embraces global exploration again as Chevron returns to Libya
• Positive Sentiment: Company scale in the Permian (1M boe/d) and deployment of AI/mineral-right advantages were highlighted as drivers of cash flow and cost efficiency — supportive for free cash flow and shareholder returns. Chevron’s Permian Scale Drives Cash Flow and Efficiency Edge
• Positive Sentiment: Unusual options activity: traders bought roughly 1,009,814 call options (a ~2,066% jump vs. typical volume), signaling bullish sentiment or speculative positioning that can add upward price momentum.
• Neutral Sentiment: Bangchak has acquired Chevron’s Hong Kong unit as part of regional restructuring — a non-core asset sale that is likely neutral to core upstream earnings but could slightly simplify regional operations. Bangchak acquires Chevron’s Hong Kong unit to fuel regional expansion
• Neutral Sentiment: Insider disclosure: Chevron CTO Thomas Ryder Booth sold 5 shares (de minimis), an immaterial transaction unlikely to affect investor view. SEC Form 4 disclosure

Chevron Stock Up 0.7%

CVX opened at $183.65 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $186.52. The stock has a market capitalization of $369.79 billion, a P/E ratio of 27.58, a P/E/G ratio of 12.35 and a beta of 0.70. The business has a 50 day simple moving average of $162.51 and a 200-day simple moving average of $157.43.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 8.23% and a net margin of 6.51%.Chevron’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.06 earnings per share. On average, equities analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is 102.70%.

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.