Capital International Sarl Sells 13,023 Shares of Chevron Corporation $CVX

Key Points

• Capital International Sarl cut its stake in Chevron by 36.9% in Q3, selling 13,023 shares and leaving it with 22,314 shares valued at about $3.47 million.
• Large insider selling was disclosed: CEO Michael K. Wirth sold 272,624 shares (~$51.6M) and insiders sold ~1,099,397 shares (~$196.2M) over the past 90 days, leaving insiders with just 0.20% ownership.
• Chevron raised its quarterly dividend to $1.78 (a 4% increase, $7.12 annualized, ~3.8% yield); the company also reported Q1 EPS of $1.52 (beat) while revenue fell ~10.2% year‑over‑year.

Capital International Sarl lowered its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 36.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,314 shares of the oil and gas company's stock after selling 13,023 shares during the period. Capital International Sarl's holdings in Chevron were worth $3,465,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its position in shares of Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company's stock valued at $11,406,000 after acquiring an additional 11,875 shares during the period. Brooklyn FI LLC bought a new stake in Chevron during the 3rd quarter worth approximately $431,000. New York State Teachers Retirement System lifted its stake in Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock worth $251,606,000 after purchasing an additional 215,345 shares in the last quarter. Pictet North America Advisors SA purchased a new stake in Chevron in the 3rd quarter worth approximately $5,662,000. Finally, Finemark National Bank & Trust boosted its holdings in Chevron by 40.3% in the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company's stock valued at $8,779,000 after purchasing an additional 16,243 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer owned 31,266 shares of the company's stock, valued at $5,920,217.10. This represents a 89.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider R. Hewitt Pate sold 47,200 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the completion of the sale, the insider directly owned 8,558 shares in the company, valued at approximately $1,644,162.96. This trade represents a 84.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,099,397 shares of company stock worth $196,196,468 over the last ninety days. Insiders own 0.20% of the company's stock.

Chevron Price Performance

Shares of Chevron stock opened at $186.38 on Wednesday. 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 Corporation has a 52-week low of $132.04 and a 52-week high of $192.41. The company has a fifty day moving average of $174.83 and a 200-day moving average of $161.29. The stock has a market capitalization of $371.89 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter in the previous year, the company posted $2.06 EPS. Chevron's revenue for the quarter was down 10.2% on a year-over-year basis. Equities research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $1.78 dividend. 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. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron's payout ratio is presently 106.91%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron confirmed a quarterly dividend of $1.78 per share (a 4% increase), continuing its multi‑decade dividend-growth record — a steady income driver that supports demand for CVX shares. Chevron Pays $1.78 Dividend Today
• Positive Sentiment: Chevron secured a five‑year gas supply deal with Horizon Power (14 PJ), reinforcing contracted cash flow and regional supply position in Western Australia. Chevron Secures Long-Term Gas Supply Deal
• Neutral Sentiment: Reports that Chevron was in talks to buy a stake in Brazil’s Ipiranga elevated M&A upside, but Ultrapar later issued a clarification about media reports — leaving deal prospects uncertain. Ultrapar Clarifies Media Report
• Neutral Sentiment: Earlier coverage (Reuters) said Ultrapar tapped BTG to explore an Ipiranga stake sale with reported Chevron interest — potential strategic upside if pursued, but not confirmed. Reuters: Ultrapar Taps BTG
• Negative Sentiment: Energy headlines drove intraday swings: Trump’s comment predicting a quick Iran conflict end and a false government social post caused oil to tumble after an earlier spike — that volatility pressured oil majors, including Chevron. Oil Prices Bounce As Iran Blockade Holds
• Negative Sentiment: Large insider selling was disclosed: R. Hewitt Pate sold ~47,200 shares at about $192 — a high-value sale that can undermine sentiment even if not company‑wide. SEC Form 4
• Negative Sentiment: Analyst and market commentary is mixed-to-cautious: pieces warning of a market top or that “smart money” is rethinking Chevron add to selling pressure. Seeking Alpha: Avoid Market Top Yahoo: Why the Smart Money May Be Abandoning
• Negative Sentiment: Operational/regulatory headlines — reports about suspending production at the Leviathan field and Chevron’s public clash with California policy makers — add localized risk narratives that can weigh on sentiment. InsiderMonkey: Leviathan Suspension Benzinga: Chevron Slams Newsom Policy

Wall Street Analysts Forecast Growth

CVX has been the topic of several research analyst reports. Sanford C. Bernstein upped their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a report on Monday, January 5th. Mizuho boosted their price objective on Chevron from $204.00 to $206.00 and gave the stock an "outperform" rating in a report on Friday, December 12th. Zacks Research raised shares of Chevron from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 23rd. Piper Sandler dropped their target price on shares of Chevron from $178.00 to $174.00 and set an "overweight" rating for the company in a research report on Thursday, January 8th. Finally, Citigroup boosted their price target on shares of Chevron from $179.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $178.95.

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.

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