Chevron Corporation $CVX Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lowered its stake in Chevron Corporation (NYSE:CVX) by 50.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,483 shares of the oil and gas company’s stock after selling 6,644 shares during the period. Cim Investment Management Inc.’s holdings in Chevron were worth $1,007,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Castellan Group lifted its stake in Chevron by 10.7% during the second quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock valued at $2,922,000 after buying an additional 1,965 shares in the last quarter. United Bank increased its position in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after acquiring an additional 796 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after acquiring an additional 4,214 shares in the last quarter. Westover Capital Advisors LLC raised its holdings in shares of Chevron by 233.9% during the second quarter. Westover Capital Advisors LLC now owns 20,344 shares of the oil and gas company’s stock valued at $2,913,000 after acquiring an additional 14,252 shares during the period. Finally, Nordwand Advisors LLC raised its holdings in shares of Chevron by 7,911.2% during the second quarter. Nordwand Advisors LLC now owns 51,512 shares of the oil and gas company’s stock valued at $7,376,000 after acquiring an additional 50,869 shares during the period. 72.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Chevron

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.20% of the stock is currently owned by company insiders.

Chevron Stock Up 0.6%

NYSE:CVX opened at $197.97 on Wednesday. The company has a market cap of $395.03 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 1.82 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock’s fifty day moving average price is $178.82 and its two-hundred day moving average price is $162.60. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $200.58.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. On average, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.6%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CVX shares. Barclays raised their price objective on shares of Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday. BMO Capital Markets reissued an “outperform” rating and set a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Scotiabank reiterated a “sector perform” rating and set a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Finally, Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $183.18.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is reportedly in advanced negotiations to acquire a 30% stake in Ultrapar’s Ipiranga unit, expanding its retail and fuel-market footprint in Brazil — a strategic growth move in a large, high-margin market. Chevron in Advanced Negotiations to Buy 30% Stake in Ipiranga
• Positive Sentiment: Mizuho raised its price target on CVX to $217 and assigned an “outperform” rating, signaling institutional confidence and providing upside thesis support for the stock. Mizuho price target raise
• Positive Sentiment: WTI and Brent oil prices rose amid doubts about a U.S.-led coalition to secure Strait of Hormuz shipping, which typically benefits large integrated oil names like Chevron through higher commodity realizations. Oil jumps over 2%
• Positive Sentiment: Chevron awarded a FEED contract for the Aphrodite gas field in Cyprus, advancing its Eastern Mediterranean gas development pipeline and long-term production optionality. Chevron Advances Cyprus’ Aphrodite Gas Field Development
• Neutral Sentiment: Coverage pieces note Chevron’s size as a large dividend payer and buyback issuer, reinforcing its appeal to income-focused investors but not a near-term price catalyst on its own. Does Chevron pay dividends?
• Neutral Sentiment: Wider market commentary highlights volatility from the Middle East conflict; this creates both upside from higher oil and downside risk from disrupted trade—mixed for CVX. Market Chatter
• Negative Sentiment: Chevron agreed to pay just over $1M and retire ~2M renewable fuel credits to settle alleged violations under the Renewable Fuel Standard — a modest financial hit but a regulatory / compliance headline. Chevron Hit With $1 Million Penalty
• Negative Sentiment: WSJ reporting on CIA dealings with an ex-Chevron executive raises reputational questions around industry-government ties; potential PR and oversight risks could concern some investors. Takeaways From WSJ Reporting
• Negative Sentiment: Barclays’ price-target move to $180 with an “equal weight” rating implies limited near-term upside from that shop’s view and contrasts with the more bullish Mizuho call — adding conflicting analyst signals. Barclays price target change

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.