Factory Mutual Insurance Co. Buys 347,567 Shares of Chevron Corporation $CVX

Factory Mutual Insurance Co. raised its stake in Chevron Corporation (NYSE:CVX) by 2,235.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 363,117 shares of the oil and gas company’s stock after purchasing an additional 347,567 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Chevron were worth $56,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CVX. Quaker Wealth Management LLC boosted its holdings in shares of Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 439 shares during the period. Decker Retirement Planning Inc. purchased a new position in Chevron during the 3rd quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC raised its position in Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. Marquette Asset Management LLC purchased a new stake in Chevron in the 3rd quarter worth approximately $41,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after buying an additional 202 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron-led consortium won multiple offshore exploration blocks in Greece (Chevron is operator with ~70% interest), expanding long‑term upstream optionality and reserve exposure — a clear growth catalyst for the stock. Chevron-led consortium signs gas exploration deal in Greece
• Positive Sentiment: Chevron boosted its quarterly dividend (annualized ~$7.12; yield ~3.9%), reinforcing income appeal and supporting demand from yield‑focused investors. Dividend announcement
• Positive Sentiment: Independent coverage is bullish: several outlets highlight CVX as a defensive, dividend‑paying leader in a strong energy sector and some analysts (including a recent upgrade) have raised targets, which can attract long‑only flows. Chevron: Buy And Hold Like Berkshire Hathaway
• Neutral Sentiment: Quarterly results mixed: EPS beat estimates but revenue was below consensus and year‑over‑year revenue declined — this supports earnings quality but leaves questions on near‑term volume/price headwinds. Earnings recap
• Neutral Sentiment: Broader sector momentum and analyst write‑ups (valuation debates, dividend comparisons vs. Exxon) are increasing attention on CVX; that can boost volume and volatility without changing fundamentals. Chevron vs Exxon article
• Negative Sentiment: Turkey publicly opposed Greece‑Chevron activity off Crete, calling it unlawful — this creates a geopolitical/regulatory overhang on Mediterranean projects and could delay execution. Turkey says Greece-Chevron activity unlawful
• Negative Sentiment: Insider selling disclosures (company officers selling stock in recent filings) add a near‑term negative signal and may amplify selling pressure for short windows. Insider selling

Analysts Set New Price Targets

Several research firms have recently issued reports on CVX. TD Cowen boosted their target price on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Bank of America decreased their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Scotiabank reiterated a “sector perform” rating and set a $168.00 price target on shares of Chevron in a research report on Friday, January 16th. Thirteen equities 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’s stock. According to data from MarketBeat, Chevron presently has a consensus rating of “Hold” and an average target price of $176.36.

Chevron Stock Up 0.6%

Chevron stock opened at $184.89 on Friday. Chevron Corporation has a one year low of $132.04 and a one year high of $187.90. The stock has a fifty day moving average of $165.18 and a 200 day moving average of $158.25. 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 stock has a market cap of $372.27 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 12.17 and a beta of 0.70.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the company posted $2.06 EPS. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm 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 dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, February 17th. Chevron’s dividend payout ratio is currently 106.91%.

Insiders Place Their Bets

In related news, insider Andrew Benjamin Walz sold 22,200 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total value of $3,918,966.00. Following the transaction, the insider directly owned 666 shares of the company’s stock, valued at approximately $117,568.98. This trade represents a 97.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the sale, the insider directly owned 7,161 shares of the company’s stock, valued at $1,247,231.37. This represents a 86.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 531,027 shares of company stock valued at $88,833,430. 0.21% of the stock is currently owned by corporate insiders.

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.