Banque Pictet & Cie SA Raises Holdings in Chevron Corporation $CVX

Banque Pictet & Cie SA raised its position in Chevron Corporation (NYSE:CVX) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,271 shares of the oil and gas company’s stock after acquiring an additional 3,572 shares during the quarter. Banque Pictet & Cie SA’s holdings in Chevron were worth $25,951,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC raised its stake in Chevron by 19.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after acquiring an additional 11,875 shares in the last quarter. Dakota Wealth Management increased its position in shares of Chevron by 14.9% during the fourth quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock worth $12,690,000 after purchasing an additional 10,822 shares in the last quarter. Brooklyn FI LLC acquired a new stake in shares of Chevron during the third quarter worth about $431,000. New York State Teachers Retirement System boosted its position in shares of Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after purchasing an additional 215,345 shares during the period. Finally, Clear Trail Advisors LLC purchased a new position in Chevron during the 4th quarter worth approximately $10,167,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts and investors continue to show upside conviction — Morgan Stanley/other outlets recently raised CVX price targets and Zacks upgraded the stock to a Buy, supporting longer-term demand. Chevron (CVX) Upgraded to Buy
• Positive Sentiment: Strategic commercial wins: Chevron is in exclusivity talks with Microsoft and Engine No. 1 on a potential $7B Texas power project that could de‑risk long‑term power supply contracts for AI/data centers. Microsoft, Chevron and Engine No. 1 sign exclusive deal
• Positive Sentiment: Production/asset growth: New partnerships (e.g., with Libya’s NOC) and long‑cycle projects (Tengizchevroil ramp) support medium‑term reserve and cash‑flow growth expectations. Chevron Partners With Libya’s NOC
• Neutral Sentiment: Market/sector flow: Energy ETFs and peers moved broadly today — sector weakness exacerbated CVX’s decline even as some outlets argue energy remains a long‑term buy. Sector Update: Energy Stocks Decline Pre-Bell
• Neutral Sentiment: Corporate governance/ops updates such as senior leadership changes are being monitored but are not the primary driver of today’s move. Chevron Announces Senior Leadership Changes
• Negative Sentiment: Geopolitical news reduced the oil risk premium — reports that Iran’s president may be prepared to end the conflict eased fears about prolonged supply disruption, pushing oil prices down and trimming CVX’s near‑term outlook. Trump Speaks Tonight on Iran War
• Negative Sentiment: Market reaction coverage: Several outlets reported large intraday drops for major oil majors (Exxon, Chevron) as the geopolitical premium unwound, amplifying selling pressure. Exxon Mobil and Chevron Fall 5%
• Negative Sentiment: Operational disruption risk: Cyclone damage forced extended outages at the Wheatstone LNG downstream assets, tightening near‑term LNG supply and adding earnings/delivery uncertainty for CVX. Wheatstone LNG Outage Tests Chevron

Insider Activity

In related news, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $175.01, for a total value of $5,617,821.00. Following the sale, the chief financial officer owned 4,366 shares in the company, valued at $764,093.66. This represents a 88.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CVX has been the topic of a number of research reports. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. TD Cowen increased their price objective on Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Freedom Capital downgraded Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Argus set a $203.00 price objective on shares of Chevron in a research note on Tuesday, February 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.50.

Chevron Price Performance

Shares of NYSE:CVX opened at $197.59 on Thursday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $214.71. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $187.86 and a 200-day simple moving average of $166.20. The company has a market cap of $394.26 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.72 and a beta of 0.59.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% 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 period in the previous year, the company posted $2.06 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Tuesday, February 17th were paid 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 dividend yield of 3.6%. The ex-dividend date was Tuesday, February 17th. Chevron’s payout ratio is 106.91%.

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.