Bank Pictet & Cie Europe AG Acquires 2,782 Shares of Chevron Corporation $CVX

Bank Pictet & Cie Europe AG increased its holdings in Chevron Corporation (NYSE:CVX) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,024 shares of the oil and gas company’s stock after acquiring an additional 2,782 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Chevron were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its holdings in shares of 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 during the period. Dakota Wealth Management lifted its stake in shares of Chevron by 14.9% in the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after purchasing an additional 10,822 shares during the period. Brooklyn FI LLC bought a new stake in shares of Chevron during the third quarter valued at approximately $431,000. New York State Teachers Retirement System boosted its position in shares of Chevron by 15.3% during the third 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 in the last quarter. Finally, Clear Trail Advisors LLC purchased a new stake in Chevron in the fourth quarter worth $10,167,000. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

CVX opened at $197.59 on Thursday. The firm has a market cap of $394.26 billion, a PE ratio of 29.67, a P/E/G ratio of 1.72 and a beta of 0.59. The stock has a 50-day moving average price of $187.86 and a 200-day moving average price of $166.20. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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. The company had revenue of $45.79 billion for 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%. Chevron’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 EPS. Sell-side analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. The ex-dividend date was 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 dividend yield of 3.6%. Chevron’s dividend payout ratio is currently 106.91%.

Insider Activity at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The SEC filing for this sale provides additional information. Insiders have sold 1,099,397 shares of company stock valued at $196,196,468 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CVX. Scotiabank raised Chevron to a “hold” rating in a research report on Friday, March 27th. TD Cowen upped their target price on shares of Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Jefferies Financial Group increased their price target on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Finally, Morgan Stanley boosted their price objective on shares of Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $186.50.

More Chevron News

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

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.