Aberdeen Group plc Trims Stock Position in Chevron Corporation $CVX

Aberdeen Group plc decreased its stake in Chevron Corporation (NYSE:CVX) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 790,382 shares of the oil and gas company’s stock after selling 21,120 shares during the period. Aberdeen Group plc’s holdings in Chevron were worth $120,462,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CVX. Vanguard Group Inc. lifted its holdings in shares of Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. State Street Corp grew its stake in Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc grew its stake in Chevron by 2.9% during the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after buying an additional 3,454,258 shares during the last quarter. Northern Trust Corp increased its position in Chevron by 15.3% during the third quarter. Northern Trust Corp now owns 22,724,515 shares of the oil and gas company’s stock worth $3,528,890,000 after buying an additional 3,007,403 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Chevron by 1.6% in the third quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company’s stock valued at $3,284,704,000 after buying an additional 325,255 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude spiked above $109 amid escalating Iran conflict and Strait of Hormuz concerns, boosting revenue expectations for integrated producers like Chevron. Oil Spikes Above $109…
• Positive Sentiment: Citigroup raised its price target on CVX to $235 and maintained a “buy” rating — a direct analyst catalyst that can drive demand. Benzinga
• Positive Sentiment: Chevron confirmed exclusive power-supply talks and project work tied to Microsoft/AI data-center demand, and is linked to a potential $7B Texas energy project — supports long-term cash flow diversification and higher-margin power supply contracts. Chevron-Microsoft Deal Powers $7B Texas AI Energy Project
• Positive Sentiment: Multiple analyst upgrades and bullish coverage (Zacks upgrade, Morgan Stanley price-target increases, bullish Motley Fool pieces) are lifting sentiment and supporting higher valuations. Chevron Upgraded to Buy (Zacks)
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea — a production-growth driver over coming years. Chevron Makes FID in Aseng Gas Project
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — an event that could create short-term volatility when results/ guidance are released. Earnings Call Advisory
• Neutral Sentiment: Operational tech push: Chevron is expanding robotics and drone inspections across oilfields to cut costs and improve safety — positive long-term efficiency but gradual in impact. Is Chevron’s Robotics Strategy the Future of Oilfields?
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, tightening LNG supply and introducing near-term earnings and contract-delivery uncertainty for CVX. Wheatstone LNG Outage Tests Chevron
• Negative Sentiment: Insider R. Hewitt Pate disclosed a large sale of 40,200 shares (late March), which some investors may view as a near-term negative signal. SEC Form 4 — Insider Sale

Wall Street Analyst Weigh In

CVX has been the topic of a number of research reports. Scotiabank upgraded shares of Chevron to a “hold” rating in a research report on Friday, March 27th. Wells Fargo & Company upped their price target on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. UBS Group reiterated a “buy” rating and set a $212.00 price target on shares of Chevron 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. Finally, Piper Sandler lifted their price objective on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $187.64.

Chevron Stock Performance

NYSE CVX opened at $198.77 on Friday. The stock has a market capitalization of $396.63 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.64 and a beta of 0.60. The business’s 50 day moving average is $188.51 and its two-hundred day moving average is $166.43. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $214.71. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS 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 during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period last year, the firm earned $2.06 EPS. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. Research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

Insider Activity at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of the 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 completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at $764,093.66. This trade represents a 88.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,139,597 shares of company stock valued at $204,771,128. Company insiders own 0.21% of the company’s stock.

About Chevron

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.