Allspring Global Investments Holdings LLC Has $34.83 Million Stock Position in Chevron Corporation $CVX

Allspring Global Investments Holdings LLC trimmed its position in Chevron Corporation (NYSE:CVX) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 223,391 shares of the oil and gas company’s stock after selling 13,343 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Chevron were worth $34,827,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in Chevron in the 3rd quarter valued at $34,000. Marquette Asset Management LLC bought a new position in Chevron in the 3rd quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in Chevron during the 2nd quarter valued at about $49,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Chevron during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday, March 20th. Scotiabank raised shares of Chevron to a “hold” rating in a research report on Friday, March 27th. TD Cowen upped their target price on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Citigroup increased their price target on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Mizuho lifted their target price on Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $187.64.

Insider Activity

In other news, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the transaction, the insider directly owned 8,638 shares in the company, valued at approximately $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the sale, the chief executive officer directly owned 31,266 shares in the company, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,139,597 shares of company stock valued at $204,771,128. 0.21% of the stock is currently owned by corporate insiders.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude spiked above $109 amid escalating Iran conflict and Strait of Hormuz concerns, boosting revenue expectations for integrated producers like Chevron. Oil Spikes Above $109…
• Positive Sentiment: Citigroup raised its price target on CVX to $235 and maintained a “buy” rating — a direct analyst catalyst that can drive demand. Benzinga
• Positive Sentiment: Chevron confirmed exclusive power-supply talks and project work tied to Microsoft/AI data-center demand, and is linked to a potential $7B Texas energy project — supports long-term cash flow diversification and higher-margin power supply contracts. Chevron-Microsoft Deal Powers $7B Texas AI Energy Project
• Positive Sentiment: Multiple analyst upgrades and bullish coverage (Zacks upgrade, Morgan Stanley price-target increases, bullish Motley Fool pieces) are lifting sentiment and supporting higher valuations. Chevron Upgraded to Buy (Zacks)
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea — a production-growth driver over coming years. Chevron Makes FID in Aseng Gas Project
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — an event that could create short-term volatility when results/ guidance are released. Earnings Call Advisory
• Neutral Sentiment: Operational tech push: Chevron is expanding robotics and drone inspections across oilfields to cut costs and improve safety — positive long-term efficiency but gradual in impact. Is Chevron’s Robotics Strategy the Future of Oilfields?
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, tightening LNG supply and introducing near-term earnings and contract-delivery uncertainty for CVX. Wheatstone LNG Outage Tests Chevron
• Negative Sentiment: Insider R. Hewitt Pate disclosed a large sale of 40,200 shares (late March), which some investors may view as a near-term negative signal. SEC Form 4 — Insider Sale

Chevron Trading Up 0.7%

Shares of CVX opened at $198.77 on Friday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $214.71. The business has a 50-day moving average of $188.51 and a 200 day moving average of $166.43. The firm has a market cap of $396.63 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.64 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last released 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 business 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%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. As a group, research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is presently 106.91%.

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.