Aware Super Pty Ltd as trustee of Aware Super Acquires 17,740 Shares of Chevron Corporation $CVX

Key Points

• Aware Super increased its Chevron stake by 12% in the third quarter, purchasing 17,740 shares and bringing its holdings to 165,724 shares valued at approximately $33.8 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported stronger-than-expected quarterly results, with EPS of $5.28 beating estimates and revenue rising 36.3% year over year. The company also declared a quarterly dividend of $1.78 per share, equivalent to a 3.1% annualized yield.
• Analysts remain broadly positive, with Chevron receiving a “Moderate Buy” consensus rating, although insiders sold roughly $78.3 million of stock over the past 90 days and the shares are trading near their 12-month high.

Aware Super Pty Ltd as trustee of Aware Super boosted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,724 shares of the oil and gas company's stock after buying an additional 17,740 shares during the period. Aware Super Pty Ltd as trustee of Aware Super's holdings in Chevron were worth $33,842,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Chevron during the 2nd quarter worth approximately $25,663,729,000. Bank of New York Mellon Corp purchased a new position in shares of Chevron during the second quarter valued at approximately $2,378,114,000. Legal & General Group Plc purchased a new position in shares of Chevron during the second quarter valued at approximately $1,462,412,000. Deutsche Bank AG purchased a new position in shares of Chevron during the second quarter valued at approximately $1,189,577,000. Finally, State Street Corp grew its holdings in Chevron by 3.9% during the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company's stock worth $28,016,651,000 after buying an additional 5,998,852 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Stock Performance

CVX stock opened at $228.00 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm has a market cap of $450.47 billion, a PE ratio of 16.68, a P/E/G ratio of 0.54 and a beta of 0.53. The business has a 50 day moving average of $213.61 and a 200-day moving average of $193.39. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $236.48.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, topping analysts' consensus estimates of $4.87 by $0.41. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business had revenue of $65.24 billion for the quarter, compared to analyst estimates of $61.82 billion. During the same period last year, the company posted $1.85 earnings per share. Chevron's quarterly revenue was up 36.3% compared to the same quarter last year. As a group, sell-side analysts expect that Chevron Corporation will post 18.15 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. Chevron's dividend payout ratio (DPR) is currently 52.08%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CVX shares. The Goldman Sachs Group reiterated a "buy" rating and set a $241.00 price target on shares of Chevron in a report on Tuesday, October 20th. Mizuho set a $234.00 price objective on Chevron in a research note on Monday, October 12th. Jefferies Financial Group lifted their price objective on shares of Chevron from $216.00 to $233.00 and gave the stock a "buy" rating in a report on Monday, August 17th. Wells Fargo & Company upped their target price on shares of Chevron from $230.00 to $268.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Sanford C. Bernstein upped their target price on shares of Chevron from $204.00 to $209.00 and gave the stock a "market perform" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $218.46.

Insider Activity

In other news, insider R. Pate sold 40,700 shares of Chevron stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the sale, the insider directly owned 8,791 shares in the company, valued at $1,992,480.15. The trade was a 82.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 385,017 shares of company stock valued at $78,253,704 in the last ninety days. 0.56% of the stock is currently owned by insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s third-quarter performance was a major catalyst: revenue rose 36.3% year over year to approximately $67.8 billion, while adjusted EPS of $5.28 exceeded consensus by 8.5%. Record U.S. refining throughput, stronger margins and sustained upstream production supported the beat. CVX Q3 deep dive: operational discipline, Venezuela expansion, and AI adoption drive results
• Positive Sentiment: Analysts raised their outlook following the results. UBS maintained a Buy rating and increased its price target to $265 from $235, while Barclays lifted its target to $244 from $208. The revisions suggest continued confidence in Chevron’s earnings and cash-flow outlook. Chevron Analysts Raise Their Forecasts After Better-Than-Expected Q3 Earnings
• Positive Sentiment: Management highlighted potential longer-term growth from Venezuela production expansion, AI-driven reliability improvements and disciplined capital allocation. Analysts also expect stronger free cash flow, while ETF purchases indicate continued institutional demand. CVX Q3 Earnings Call Highlights Venezuela Growth and Refining Gains
• Positive Sentiment: Chevron declared a quarterly dividend of $1.78 per share, or $7.12 annualized, supporting its appeal to income-focused investors. The company has also substantially reduced net debt, strengthening its balance sheet.
• Neutral Sentiment: Chevron appointed Siva Barnwell Adams as corporate secretary and chief governance officer, effective January 1, 2027. The transition follows the planned retirement of Mary A. Francis and is unlikely to materially affect near-term earnings. Siva Barnwell Adams Named Corporate Secretary and Chief Governance Officer
• Negative Sentiment: After a roughly 59% year-to-date rally, CVX trades above many prior analyst targets. Some investors may be taking profits, with valuation models warning that expectations for refining profits and future growth may now be aggressive. Chevron Is Up 59% This Year and Trades Above Its Price Target. Time to Take Profits?
• Negative Sentiment: Chevron plans to increase exploration spending by 50% and commit significant capital to Venezuela and other frontier projects. These investments could pressure near-term free cash flow and carry geopolitical and execution risks.

Chevron Profile

Chevron Corporation NYSE: CVX is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.

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