Chevron Corporation $CVX Stock Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 26.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432,618 shares of the oil and gas company's stock after acquiring an additional 304,098 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Chevron worth $293,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Chevron during the 2nd quarter valued at $25,663,729,000. Bank of New York Mellon Corp purchased a new position in shares of Chevron in the second quarter worth $2,378,114,000. Legal & General Group Plc purchased a new position in shares of Chevron in the second quarter worth $1,462,412,000. Berkshire Hathaway Inc raised its stake in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company's stock worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Chevron during the second quarter valued at $1,189,577,000. 72.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley
• Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations
• Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock.
• Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high
• Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted
• Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis

Insider Activity

In other news, Director John B. Hess sold 100,000 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last quarter. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on CVX shares. Royal Bank Of Canada lifted their price target on shares of Chevron from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, September 24th. Barclays lowered their price objective on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, August 17th. BMO Capital Markets raised their target price on shares of Chevron from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Wall Street Zen raised shares of Chevron from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Zacks Research raised shares of Chevron from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.42.

Chevron Price Performance

Shares of Chevron stock opened at $219.51 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The stock's fifty day moving average is $206.81 and its 200 day moving average is $193.29. The stock has a market cap of $433.71 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.61 and a beta of 0.53. Chevron Corporation has a one year low of $146.49 and a one year high of $223.46.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. Sell-side analysts anticipate that Chevron Corporation will post 17.53 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. Chevron's dividend payout ratio (DPR) is presently 68.26%.

About Chevron

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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