Chevron Corporation $CVX Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System grew its holdings in shares of Chevron Corporation (NYSE:CVX) by 17.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 520,539 shares of the oil and gas company’s stock after acquiring an additional 78,924 shares during the quarter. State of Michigan Retirement System’s holdings in Chevron were worth $80,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CVX. Eagle Strategies LLC raised its holdings in shares of Chevron by 12.9% in the 2nd quarter. Eagle Strategies LLC now owns 2,087 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 239 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Chevron by 3.5% in the second quarter. Tectonic Advisors LLC now owns 7,588 shares of the oil and gas company’s stock worth $1,087,000 after buying an additional 255 shares during the period. Capital Advisors Ltd. LLC boosted its position in Chevron by 4.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,815 shares of the oil and gas company’s stock worth $260,000 after acquiring an additional 71 shares during the period. Court Place Advisors LLC boosted its holdings in shares of Chevron by 3.2% during the second quarter. Court Place Advisors LLC now owns 7,518 shares of the oil and gas company’s stock worth $1,077,000 after purchasing an additional 232 shares during the period. Finally, Callan Family Office LLC boosted its stake in shares of Chevron by 82.0% during the 2nd quarter. Callan Family Office LLC now owns 64,898 shares of the oil and gas company’s stock valued at $9,293,000 after buying an additional 29,234 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. BMO Capital Markets reissued an “outperform” rating and set a $190.00 target price on shares of Chevron in a research report on Monday. Raymond James Financial reiterated an “outperform” rating and set a $160.00 price target (down from $170.00) on shares of Chevron in a report on Friday, October 17th. Sanford C. Bernstein upped their price objective on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Finally, Bank of America reduced their target price on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $175.00.

Chevron Price Performance

Shares of CVX stock opened at $181.06 on Friday. 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 capitalization of $364.57 billion, a PE ratio of 27.19, a PEG ratio of 12.01 and a beta of 0.70. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $182.59. The stock’s fifty day moving average is $159.30 and its 200-day moving average is $156.40.

Chevron (NYSE:CVX) last released 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 net margin of 6.51% and a return on equity of 8.23%. The business had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. Chevron’s revenue was down 10.2% compared to the same quarter last year. Equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $1.78 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change 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%. Chevron’s dividend payout ratio is 102.70%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst upgrades and target‑price lifts have driven fresh buying and helped push CVX to new 12‑month highs, supporting momentum. How Recent Analyst Shifts Are Rewriting The Story For Chevron (CVX)
• Positive Sentiment: Company raised the quarterly dividend to $1.78 (ex‑dividend Feb. 17) — a yield near 4% — which attracts income investors and supports the equity multiple. MarketBeat CVX Profile
• Positive Sentiment: Chevron is pursuing production expansion in OPEC‑linked countries and signed an initial offshore MOU involving Syrian waters — potential long‑term reserves upside if geopolitics/sanctions allow. These strategic moves underpin growth expectations. Trump Is Remaking the Global Oil Market, and Exxon and Chevron Want In
• Positive Sentiment: Q4: EPS topped estimates and management reiterated ~10% cash‑flow and production CAGR targets for 2026, which supports forward free cash‑flow expectations and buyback/dividend capacity. Chevron Earnings
• Neutral Sentiment: Leadership reshuffle (internal promotions/retirements) announced for strategy/trading/business development — succession appears organized but is unlikely to change fundamentals immediately. Chevron names new heads of strategy, trading, business development
• Neutral Sentiment: After January’s strong run, valuation checks and analyst commentary note CVX may be partially priced for optimism — investors are debating whether further upside is justified absent stronger top‑line recovery. Chevron (CVX) Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Significant insider selling: filings show multi‑million dollar sales by the CFO, vice chairman, CTO and other senior execs over Feb. 3–5. Heavy insider exits are being read as profit‑taking and can sap sentiment short‑term. Insider Selling: Chevron CFO Sells
• Negative Sentiment: Q4 revenue missed estimates and was down year‑over‑year, underscoring near‑term demand/price pressure despite the EPS beat — investors may trim positions until revenue trends stabilize. Chevron Earnings

Insider Activity at Chevron

In related news, CTO Thomas Ryder Booth sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $178.43, for a total transaction of $1,070,580.00. Following the completion of the sale, the chief technology officer directly owned 476 shares of the company’s stock, valued at $84,932.68. The trade was a 92.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the sale, the insider owned 7,161 shares of the company’s stock, valued at $1,247,231.37. The trade was a 86.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 793,158 shares of company stock worth $127,919,578 over the last 90 days. Insiders own 0.21% of the company’s stock.

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.