Chevron Corporation $CVX Stock Position Cut by Conning Inc.

Conning Inc. decreased its stake in shares of Chevron Corporation (NYSE:CVX) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,765 shares of the oil and gas company’s stock after selling 32,863 shares during the period. Chevron makes up 1.2% of Conning Inc.’s portfolio, making the stock its 23rd biggest position. Conning Inc.’s holdings in Chevron were worth $34,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Berkshire Hathaway Inc boosted 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 valued at $17,478,458,000 after purchasing an additional 3,454,258 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Chevron by 652,139.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock valued at $13,214,757,000 after buying an additional 83,702,101 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after buying an additional 1,342,723 shares during the period. Fisher Asset Management LLC boosted its stake in Chevron by 1.9% during the second quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock valued at $2,982,190,000 after buying an additional 378,936 shares in the last quarter. Finally, Norges Bank acquired a new position in Chevron during the second quarter worth about $2,721,477,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the transaction, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. The trade was 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 the SEC website. Also, insider Alana K. Knowles sold 7,956 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the completion of the transaction, the insider owned 1,207 shares in the company, valued at approximately $199,215.35. This represents a 86.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 631,990 shares of company stock worth $99,716,808 over the last quarter. Company insiders own 0.21% of the company’s stock.

Chevron Trading Up 2.0%

Chevron stock opened at $167.16 on Thursday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $169.37. 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 firm has a market capitalization of $336.59 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 10.22 and a beta of 0.70. The company has a 50 day moving average price of $152.97 and a 200 day moving average price of $153.92.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. During the same quarter in the prior year, the company earned $2.48 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s payout ratio is 96.20%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, October 8th. HSBC set a $169.00 target price on shares of Chevron and gave the company a “buy” rating in a research note on Monday, December 1st. Citigroup dropped their price target on Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Wells Fargo & Company increased their price objective on Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Hold” and an average target price of $168.14.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Reuters reports the U.S. is expected to grant Chevron an expanded Venezuela license this week, which could allow increased production and revenue if implemented. Article Link
• Positive Sentiment: Financial press (FT / Seeking Alpha) says Chevron is poised to expand operations in Venezuela amid U.S. talks — a development that supports longer‑term upstream growth expectations. Article Link
• Positive Sentiment: Prominent portfolio manager Stephanie Link publicly said she’s buying more Chevron, signaling incremental institutional demand and confidence in the company’s outlook. Article Link
• Positive Sentiment: Oil prices have bounced back above key levels, boosting near‑term earnings prospects for major integrated oils like Chevron. Article Link
• Neutral Sentiment: Zacks’ 2026 market outlook highlights energy among sectors to watch amid geopolitical shifts — a thematic tailwind but not company‑specific guidance. Article Link
• Neutral Sentiment: Analyst/coverage pieces (e.g., Seeking Alpha’s undercovered list) keep Chevron on investors’ radars but provide no new company guidance. Article Link
• Negative Sentiment: Counterweight — Venezuela expansion carries political, operational and sanction‑reimposition risks; timing and scope of any license rollout remain uncertain, which could limit upside or create volatility.

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.