Barrow Hanley Mewhinney & Strauss LLC Buys 2,890,452 Shares of Chevron Corporation $CVX

Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 322.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,786,897 shares of the oil and gas company’s stock after purchasing an additional 2,890,452 shares during the quarter. Chevron accounts for about 1.9% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 14th largest position. Barrow Hanley Mewhinney & Strauss LLC owned about 0.19% of Chevron worth $588,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in 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 acquiring an additional 27,961,463 shares during the period. Norges Bank bought a new stake in shares of Chevron in the second quarter worth $2,721,477,000. Primecap Management Co. CA acquired a new stake in Chevron in the third quarter valued at $988,083,000. Bank of New York Mellon Corp raised its position in Chevron by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after purchasing an additional 4,279,918 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in Chevron by 14,194.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock worth $532,984,000 after buying an additional 3,696,177 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer owned 31,266 shares in the company, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was 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 in the company, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,099,397 shares of company stock valued at $196,196,468. Company insiders own 0.20% of the company’s stock.

Chevron Stock Down 1.6%

CVX stock opened at $186.38 on Wednesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $192.41. 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 stock’s 50 day moving average is $174.83 and its 200-day moving average is $161.29. The firm has a market capitalization of $371.89 billion, a PE ratio of 27.98, a P/E/G ratio of 1.91 and a beta of 0.67.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 EPS. Sell-side 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 was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.8%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is currently 106.91%.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of recent analyst reports. Argus set a $203.00 target price on shares of Chevron in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research report on Tuesday, January 20th. Mizuho increased their price objective on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Bank of America lifted their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Melius Research raised shares of 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 investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $178.95.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron confirmed a quarterly dividend of $1.78 per share (a 4% increase), continuing its multi‑decade dividend-growth record — a steady income driver that supports demand for CVX shares. Chevron Pays $1.78 Dividend Today
• Positive Sentiment: Chevron secured a five‑year gas supply deal with Horizon Power (14 PJ), reinforcing contracted cash flow and regional supply position in Western Australia. Chevron Secures Long-Term Gas Supply Deal
• Neutral Sentiment: Reports that Chevron was in talks to buy a stake in Brazil’s Ipiranga elevated M&A upside, but Ultrapar later issued a clarification about media reports — leaving deal prospects uncertain. Ultrapar Clarifies Media Report
• Neutral Sentiment: Earlier coverage (Reuters) said Ultrapar tapped BTG to explore an Ipiranga stake sale with reported Chevron interest — potential strategic upside if pursued, but not confirmed. Reuters: Ultrapar Taps BTG
• Negative Sentiment: Energy headlines drove intraday swings: Trump’s comment predicting a quick Iran conflict end and a false government social post caused oil to tumble after an earlier spike — that volatility pressured oil majors, including Chevron. Oil Prices Bounce As Iran Blockade Holds
• Negative Sentiment: Large insider selling was disclosed: R. Hewitt Pate sold ~47,200 shares at about $192 — a high-value sale that can undermine sentiment even if not company‑wide. SEC Form 4
• Negative Sentiment: Analyst and market commentary is mixed-to-cautious: pieces warning of a market top or that “smart money” is rethinking Chevron add to selling pressure. Seeking Alpha: Avoid Market Top Yahoo: Why the Smart Money May Be Abandoning
• Negative Sentiment: Operational/regulatory headlines — reports about suspending production at the Leviathan field and Chevron’s public clash with California policy makers — add localized risk narratives that can weigh on sentiment. InsiderMonkey: Leviathan Suspension Benzinga: Chevron Slams Newsom Policy

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.