Ninety One UK Ltd Sells 311,217 Shares of Chevron Corporation $CVX

Key Points

• Ninety One UK Ltd reduced its Chevron stake by 10.6%, selling 311,217 shares and retaining 2.64 million shares valued at approximately $538.5 million. Chevron represents about 1.2% of the fund’s holdings.
• Chevron reported quarterly EPS of $6.06, exceeding the $5.55 analyst consensus, while revenue rose 57.4% year over year to $67.2 billion. The company also maintains a quarterly dividend of $1.78 per share, equivalent to a 3.2% annualized yield.
• Chevron shares opened at $219.51, near their 52-week high of $223.46, and analysts held a consensus “Moderate Buy” rating with an average price target of $213.42. Institutional investors own 72.42% of the stock, although insiders have sold significant shares recently.

Ninety One UK Ltd trimmed its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 10.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,637,019 shares of the oil and gas company's stock after selling 311,217 shares during the period. Chevron makes up approximately 1.2% of Ninety One UK Ltd's holdings, making the stock its 23rd largest position. Ninety One UK Ltd owned approximately 0.13% of Chevron worth $538,506,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company's stock valued at $28,016,651,000 after buying an additional 5,998,852 shares in the last quarter. BlackRock Inc. purchased a new position in Chevron during the second quarter valued at $25,663,729,000. Berkshire Hathaway Inc raised its stake in Chevron by 6.6% during the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company's stock valued at $19,837,131,000 after buying an additional 8,091,570 shares during the last quarter. Bank of America Corp DE raised its stake in Chevron by 5.1% during the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company's stock valued at $5,716,694,000 after buying an additional 1,334,976 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Chevron by 1.5% in the fourth quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company's stock worth $2,609,194,000 after acquiring an additional 254,323 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Price Performance

Shares of NYSE:CVX 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 firm has a market cap of $433.71 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 0.61 and a beta of 0.53. The business has a 50-day simple moving average of $206.81 and a two-hundred day simple moving average of $193.29. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $223.46.

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

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given 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 is 68.26%.

Insider Activity at Chevron

In other Chevron news, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares of the company's stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider R. Pate sold 2,470 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the sale, the insider owned 10,794 shares of the company's stock, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,152,582 shares of company stock worth $225,853,661 in the last three months. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CVX has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Chevron from $210.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. raised their price target on Chevron from $190.00 to $222.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Weiss Ratings raised Chevron from a "hold (c)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. BNP Paribas Exane dropped their price target on shares of Chevron from $230.00 to $224.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Finally, Barclays dropped their price target on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chevron presently has an average rating of "Moderate Buy" and a consensus target price of $213.42.

Key Chevron News

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

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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