Robeco Institutional Asset Management B.V. Sells 239,986 Shares of Chevron Corporation $CVX

Key Points

• Robeco Institutional Asset Management cut its stake in Chevron by 30.2% in Q4, selling 239,986 shares and leaving it with 554,214 shares valued at about $84.47 million.
• There has been material insider selling: Vice Chairman Mark A. Nelson sold 139,600 shares, and insiders have sold 782,607 shares worth $146.5 million in the past 90 days, with insiders now owning just 0.20% of the company.
• Chevron raised its quarterly dividend to $1.78 ($7.12 annualized) for a ~3.8% yield, though the dividend payout ratio is high at 106.91%.

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 554,214 shares of the oil and gas company's stock after selling 239,986 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Chevron were worth $84,468,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CVX. Decker Retirement Planning Inc. bought a new stake in Chevron in the 3rd quarter worth $34,000. Marquette Asset Management LLC bought a new stake in Chevron in the 3rd quarter worth $41,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 202 shares during the last quarter. Daytona Street Capital LLC bought a new stake in Chevron in the 4th quarter worth $44,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Chevron in the 3rd quarter worth $49,000. Institutional investors own 72.42% of the company's stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect in the Gulf of America bolsters Chevron's deepwater growth optionality and potential future production/tie‑back opportunities. Chevron Confirms Major Oil Discovery in the Gulf of America
• Positive Sentiment: Short interest fell materially in March (down ~14.5% to ~21.0M shares; days‑to‑cover ~1.3), reducing one potential source of near‑term downside pressure.
• Positive Sentiment: Chevron approved the ~$690M Aseng gas project, strengthening its LNG growth profile and future cash‑flow diversification. Chevron Approves $690M Aseng Gas Project to Boost LNG Supply
• Neutral Sentiment: Street estimates are split: some reports forecast a Q1 upstream boost (+$1.6B–$2.2B) from higher oil/gas prices, supporting earnings upside if prices hold. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Neutral Sentiment: Analysts warn Q1 will be "noisy" with offsetting forces (price tailwinds vs hedging/volatility); the report due May 1 is a likely catalyst. Chevron Q1 Earnings Will Be 'Noisy' As Headwinds Reverse To Tailwinds: Analyst
• Negative Sentiment: Chevron warned that Middle East volatility and related effects (including hedging) could hit Q1 earnings and cash flow materially — management cited an adverse impact in the multi‑billion‑dollar range, prompting UBS to cut near‑term forecasts. Chevron flags multi-billion-dollar hit from Middle East volatility
• Negative Sentiment: Public commentary highlights hedging risks and potential earnings drag from geopolitical disruptions, adding downside risk to near‑term prints. Chevron sees Iran war oil boost, warns hedging to weigh
• Negative Sentiment: Wall Street previews suggest EPS could be down double digits in Q1 absent favorable price offsets, increasing the chance of volatile reaction at the report. Chevron's Quarterly Earnings Preview: What You Need to Know

Insider Buying and Selling at Chevron

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the sale, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The disclosure for this sale is available in the SEC filing. Insiders sold 782,607 shares of company stock worth $146,510,571 in the last 90 days. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Chevron from $204.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday. Argus set a $203.00 target price on shares of Chevron in a research report on Tuesday, February 3rd. Mizuho raised their target price on shares of Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 6th. Finally, HSBC raised shares of Chevron from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Chevron presently has a consensus rating of "Moderate Buy" and an average target price of $190.04.

Chevron Trading Up 0.0%

Shares of NYSE CVX opened at $188.57 on Monday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $214.71. The stock has a market cap of $375.68 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.40 and a beta of 0.60. The firm has a 50-day moving average of $191.51 and a 200 day moving average of $168.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

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

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) 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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