Chevron Corporation $CVX is Torray Investment Partners LLC's 7th Largest Position

Key Points

• Torray Investment Partners LLC increased its stake in Chevron by 10.4% in Q4 to 144,448 shares (about $22.02M), making CVX its 7th largest holding and ~3.2% of the firm's portfolio.
• Recent catalysts are mixed: Wheatstone LNG has resumed full production and Chevron expanded Venezuelan heavy‑oil stakes, which could boost volumes, while a crude spill at the Pasadena refinery and sizable insider sales create near‑term operational and governance headwinds.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12) for a 3.8% yield

Torray Investment Partners LLC increased its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,448 shares of the oil and gas company's stock after acquiring an additional 13,654 shares during the period. Chevron comprises about 3.2% of Torray Investment Partners LLC's holdings, making the stock its 7th largest holding. Torray Investment Partners LLC's holdings in Chevron were worth $22,015,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Wingate Wealth Advisors Inc. grew its holdings in Chevron by 6.8% in the 4th quarter. Wingate Wealth Advisors Inc. now owns 8,603 shares of the oil and gas company's stock valued at $1,311,000 after buying an additional 549 shares during the last quarter. Davis Capital Management grew its holdings in Chevron by 34.1% in the 4th quarter. Davis Capital Management now owns 5,104 shares of the oil and gas company's stock valued at $778,000 after buying an additional 1,299 shares during the last quarter. OLD National Bancorp IN grew its holdings in Chevron by 10.2% in the 4th quarter. OLD National Bancorp IN now owns 67,416 shares of the oil and gas company's stock valued at $10,275,000 after buying an additional 6,249 shares during the last quarter. Bull Street Advisors LLC grew its holdings in Chevron by 5.1% in the 4th quarter. Bull Street Advisors LLC now owns 18,200 shares of the oil and gas company's stock valued at $2,774,000 after buying an additional 879 shares during the last quarter. Finally, Milestone Asset Management LLC grew its holdings in Chevron by 35.1% in the 4th quarter. Milestone Asset Management LLC now owns 9,590 shares of the oil and gas company's stock valued at $1,462,000 after buying an additional 2,491 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wheatstone LNG in Western Australia has returned to full production after repairs for cyclone damage, restoring liquefied natural gas volumes and cash flow that had been offline. Chevron resumes full production at Wheatstone LNG after repairs for cyclone damage
• Positive Sentiment: Energy sector momentum (NYSE Energy Sector Index gain) is providing a tailwind for major integrateds like Chevron, lifting sentiment across the group. Sector Update: Energy Stocks Rise Thursday
• Positive Sentiment: High‑profile investor support: coverage noting Warren Buffett’s continued large stake and Chevron’s growing development pipeline reinforces confidence in Chevron’s capital allocation and dividend/cash‑flow outlook. Deepening Growth Pipeline Sustains Warren Buffett’s Confidence In Chevron (CVX)
• Positive Sentiment: Chevron struck an asset‑swap agreement expanding its stake in Venezuelan heavy‑oil operations, which could boost long‑term upstream volumes if geopolitics and sanctions dynamics allow. Chevron Corporation (CVX) Expands Stakes in Venezuela Oil Operations
• Neutral Sentiment: Analyst and media lists continue to feature Chevron as a top crude/oil pick (BNP Paribas, other outlets), supporting longer‑term investor interest though price targets vary. Analysts Are Bullish on Top Energy Stocks: Chevron (CVX), Antero Resources (AR)
• Neutral Sentiment: Market lists and investment idea pieces (Zacks, InsiderMonkey) continue to include CVX among “old economy” or Buffett‑favored names—good for flows but not an immediate catalyst. Buy 5 High-Flying Old Economy Stocks of 2026 With More Room to Run
• Negative Sentiment: Operational/environmental risk: Chevron reported a crude oil spill at its Pasadena, Texas refinery — a local incident that may generate cleanup costs, potential fines and short‑term regional production disruption. Chevron refinery in Pasadena, Texas reports crude oil spill

Chevron Price Performance

Chevron stock opened at $187.67 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The company has a market capitalization of $373.90 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 0.78 and a beta of 0.60. Chevron Corporation has a one year low of $133.77 and a one year high of $214.71. The business has a 50 day simple moving average of $192.53 and a 200 day simple moving average of $169.84.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results 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 return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter last year, the company earned $2.06 EPS. Chevron's revenue was down 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Corporation will post 12.49 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio is presently 106.91%.

Insider Transactions at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction on Friday, January 30th. The stock was sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. The trade was a 88.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the transaction, the insider owned 8,558 shares of the company's stock, valued at approximately $1,614,466.70. The trade was a 87.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 779,407 shares of company stock worth $145,972,971. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CVX shares. Freedom Capital lowered Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. UBS Group reaffirmed a "buy" rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Mizuho raised their target price on Chevron from $206.00 to $217.00 and gave the company an "outperform" rating in a report on Tuesday, March 17th. Tudor Pickering raised Chevron from a "hold" rating to a "buy" rating and set a $225.00 target price on the stock in a report on Thursday, April 9th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $190.00 target price on shares of Chevron in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Chevron has a consensus rating of "Moderate Buy" and an average price target of $198.09.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.