Chevron Corporation $CVX Shares Acquired by New Mexico Educational Retirement Board

Key Points

• New Mexico Educational Retirement Board increased its Chevron stake by 11.0% to 86,692 shares (about $13.46M) in Q3, and other institutions (including New York State Teachers) also added positions as institutional ownership stands at 72.42%.
• Large insider selling: CEO Michael K. Wirth sold 320,700 shares for $52.27M and Vice Chairman Mark A. Nelson sold 139,600 shares for $26.23M, with insiders offloading 1,099,397 shares (~$196.2M) over the last three months and now owning just 0.21%.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.5% yield) while shares trade near a 12‑month high (~$202) even as analysts' average price target is $183.18 and the consensus rating is "Hold".

New Mexico Educational Retirement Board boosted its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,692 shares of the oil and gas company's stock after purchasing an additional 8,576 shares during the quarter. Chevron makes up 0.4% of New Mexico Educational Retirement Board's portfolio, making the stock its 28th biggest holding. New Mexico Educational Retirement Board's holdings in Chevron were worth $13,462,000 as of its most recent SEC filing.

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

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron outperformed the wider market today as demand for energy and stronger crude prices lifted integrated oil majors; Zacks highlights CVX’s intraday gain and renewed investor interest. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Chevron is benefiting from a broader energy rally that’s boosted major holdings in portfolios like Berkshire Hathaway’s; CVX’s YTD performance and sector momentum are drawing institutional attention and helping push the share price up. Berkshire’s Energy Stocks Are Rallying. But an ETF Would’ve Done Better.
• Positive Sentiment: Broker coverage is supportive: recent forecasts from banks (Mizuho, Barclays) project strong price appreciation for CVX, reinforcing buy-side conviction and likely contributing to inflows. Mizuho Forecasts Strong Price Appreciation for Chevron NYSE: CVX Stock
• Neutral Sentiment: Chevron Technology Ventures joined a $35M funding round for KEWAZO, a heavy-industry robotics firm — a strategic, small-scale investment that supports operational efficiency but is unlikely to move near-term earnings. Chevron Technology Ventures, Asahi Kasei Invest in Heavy-Industry Robotics Company KEWAZO
• Neutral Sentiment: Retail-focused pieces show strong YTD returns for CVX (e.g., “$1,000 invested since Jan 1” write-ups), which can amplify momentum trading but are descriptive rather than fundamental drivers. If you invested $1,000 in Chevron stock at the start of 2026, here’s your return now
• Negative Sentiment: Operational/legal and geopolitical risks remain: Chevron disclosed a settlement over invalid renewable fuel credits and has warned of supply risks tied to Middle East disruptions — items that could pressure costs or create volatility if escalations occur. Is Chevron (CVX) Balancing Dividend Strength With Rising Geopolitical Risk In Its Energy Strategy?

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the company's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares in the company, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. This represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CVX has been the topic of a number of research reports. HSBC downgraded Chevron from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a report on Monday, February 2nd. Wells Fargo & Company boosted their target price on Chevron from $196.00 to $204.00 and gave the stock an "overweight" rating in a report on Monday, February 2nd. Zacks Research raised shares of Chevron from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 23rd. Jefferies Financial Group raised their price target on shares of Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. Finally, Melius Research raised shares of Chevron from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $183.18.

Chevron Stock Up 1.4%

Shares of NYSE:CVX opened at $201.35 on Friday. The firm has a market cap of $401.77 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67. The company has a fifty day simple moving average of $180.53 and a 200 day simple moving average of $163.12. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $202.44.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. The firm 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 firm's revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 EPS. On average, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. 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 3.5%. Chevron's dividend payout ratio is 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.

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