Thrivent Financial for Lutherans Acquires 29,664 Shares of Chevron Corporation $CVX

Thrivent Financial for Lutherans grew its holdings in shares of Chevron Corporation (NYSE:CVX) by 21.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 170,333 shares of the oil and gas company’s stock after acquiring an additional 29,664 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chevron were worth $26,451,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Quaker Wealth Management LLC boosted its position in Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 439 shares during the period. Decker Retirement Planning Inc. purchased a new position in shares of Chevron in the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 118 shares during the last quarter. IMG Wealth Management Inc. boosted its holdings in Chevron by 52.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 91 shares during the period. Finally, Marquette Asset Management LLC bought a new position in Chevron during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Dividend credibility — Chevron raised its payout for the 39th consecutive year, reinforcing its status as a Dividend Aristocrat and supporting income-oriented demand for CVX shares. This Dividend Juggernaut Just Hiked Its Payout for the 39th Consecutive Year (And It Has Plenty of Fuel to Continue Growing)
• Positive Sentiment: Low‑cost growth via Venezuela — Chevron is accelerating Venezuelan production and exports, an initiative expected to add volumes at attractive margins and help sustain dividends and free cash flow over the next 18–24 months. Chevron’s Venezuela Push Targets Low Cost Growth And Dividend Support
• Positive Sentiment: Analyst bullishness — Wells Fargo raised its price target to $204 and kept an overweight rating, signaling upside potential relative to current levels. That supports longer‑term upside expectations. Wells Fargo price target raise
• Positive Sentiment: New demand pathways — CEO commentary on using natural gas to power AI data centers (off‑grid energy parks in Texas) highlights potential secular demand for gas and differentiated midstream opportunities. Chevron CEO details strategy to shield consumers from soaring AI power costs
• Neutral Sentiment: Options market activity — large options positions by “whales” point to active positioning but are ambiguous for direction (speculative interest can amplify moves). 5CVX : This Is What Whales Are Betting On Chevron
• Negative Sentiment: Oil price shock — WTI and Brent fell after odds of a U.S.–Iran escalation cooled, removing a near‑term supply risk premium and pressuring integrated oil stocks like Chevron. This is the primary short‑term driver of today’s weakness. Oil Slides As Iran War Odds Cool: Exxon, Chevron Face New Reality With WTI Near $62
• Negative Sentiment: Valuation / analyst rebalances — HSBC trimmed Chevron to a Hold, saying much of the company’s “position of strength” may already be priced in, which can cap near‑term upside. Chevron cut at HSBC as position of strength already priced in
• Negative Sentiment: Earnings details mixed — Q4 showed an EPS beat but a revenue miss and a year‑over‑year net income decline, reinforcing concerns about top‑line sensitivity to lower oil prices. Chevron Q4 2025 net income drops 12.5% to $2.84bn
• Negative Sentiment: Insider selling — CFO sold roughly $1.28M of CVX stock; while not large vs. market cap, insider sales can feed short‑term sentiment pressure. Insider Selling: Chevron (NYSE:CVX) CFO Sells $1,280,780.00 in Stock

Insider Transactions at Chevron

In other news, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $4,676,526.70. Following the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $720,608.30. This represents a 86.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alana K. Knowles sold 7,956 shares of Chevron stock in a transaction dated 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 transaction, the insider directly owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. This trade represents a 86.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 645,924 shares of company stock worth $102,079,188 in the last ninety days. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America lowered their price objective on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Sanford C. Bernstein lifted their target price on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Scotiabank reiterated a “sector perform” rating and set a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $190.00 price objective on shares of Chevron in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Hold” and an average target price of $172.95.

Chevron Trading Down 1.5%

Shares of CVX opened at $174.26 on Tuesday. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $177.30. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $156.89 and its 200-day moving average price is $155.65. The firm has a market capitalization of $350.87 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 12.32 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the business posted $2.06 earnings per share. Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. Sell-side analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 4.1%. Chevron’s payout ratio is currently 106.91%.

Chevron Company 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.