Chevron Corporation $CVX Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in Chevron Corporation (NYSE:CVX) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 803,120 shares of the oil and gas company’s stock after purchasing an additional 6,544 shares during the quarter. Fifth Third Bancorp’s holdings in Chevron were worth $124,717,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CVX. Castellan Group grew its stake in shares of Chevron by 10.7% in the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock valued at $2,922,000 after purchasing an additional 1,965 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Chevron by 3.5% during the second quarter. Nordea Investment Management AB now owns 408,900 shares of the oil and gas company’s stock worth $58,783,000 after purchasing an additional 13,845 shares during the period. United Bank grew its position in Chevron by 7.7% in the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after buying an additional 796 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Chevron in the 2nd quarter valued at $20,701,000. Finally, Schubert & Co increased its stake in Chevron by 11.6% in the 2nd quarter. Schubert & Co now owns 3,274 shares of the oil and gas company’s stock valued at $469,000 after buying an additional 341 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Key Chevron News

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CVX. Citigroup reduced their target price on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Mizuho increased their price target on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Jefferies Financial Group lifted their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Argus set a $203.00 target price on Chevron in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $175.00.

Chevron Trading Up 0.7%

Shares of CVX opened at $183.65 on Monday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $186.52. 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 firm has a market capitalization of $369.79 billion, a P/E ratio of 27.58, a PEG ratio of 12.16 and a beta of 0.70. The firm’s 50-day moving average is $162.51 and its two-hundred day moving average is $157.45.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The business had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same quarter in the previous year, the company earned $2.06 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.9%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. Chevron’s dividend payout ratio is currently 102.70%.

Insiders Place Their Bets

In related news, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the sale, the chief financial officer directly owned 4,366 shares in the company, valued at $764,093.66. The trade was a 88.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Hewitt Pate sold 41,134 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the transaction, the insider owned 4,169 shares of the company’s stock, valued at $735,411.60. This trade represents a 90.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 793,163 shares of company stock valued at $127,920,502. Company insiders own 0.20% of the company’s stock.

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.