V Square Quantitative Management LLC Purchases New Position in Chevron Corporation $CVX

Key Points

• V Square Quantitative Management opened a new position in Chevron, buying 8,051 shares worth about $1.23 million in Q4, as institutional ownership remains high at 72.42% with large stakes and recent increases from Vanguard, State Street and Berkshire Hathaway.
• Analysts are broadly constructive: Chevron has a consensus rating of “Moderate Buy” with a consensus price target of $190.04, and several firms (Mizuho, Jefferies, JPMorgan among others) have recently raised ratings or price targets.
• Insiders have been net sellers—782,607 shares (~$146.5M) sold over the last three months including big disposals by the CFO and vice chairman—while Chevron raised its quarterly dividend to $1.78 (annualized $7.12, yield ~3.7%) and says stronger oil/gas prices could boost Q1 upstream earnings by $1.6–$2.2 billion, though hedging may blunt gains.

V Square Quantitative Management LLC purchased a new stake in shares of Chevron Corporation (NYSE:CVX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,051 shares of the oil and gas company's stock, valued at approximately $1,227,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares during the period. State Street Corp lifted its stake in Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares during the period. Berkshire Hathaway Inc lifted its stake in Chevron by 2.9% during the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company's stock valued at $17,478,458,000 after acquiring an additional 3,454,258 shares during the period. Northern Trust Corp lifted its stake in Chevron by 15.3% during the 3rd quarter. Northern Trust Corp now owns 22,724,515 shares of the oil and gas company's stock valued at $3,528,890,000 after acquiring an additional 3,007,403 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Chevron by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company's stock valued at $3,284,704,000 after acquiring an additional 325,255 shares during the period. Institutional investors own 72.42% of the company's stock.

Analysts Set New Price Targets

CVX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Chevron from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Mizuho increased their price objective on shares of Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. upgraded shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group increased their price objective on shares of Chevron from $174.00 to $189.00 and gave the stock a "buy" rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.04.

Insider Activity at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of the business's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the sale, the chief financial officer directly owned 4,366 shares of the company's stock, valued at approximately $764,093.66. The trade was a 88.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business's stock in a transaction on 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 sale, the insider directly owned 11,337 shares of the company's stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 782,607 shares of company stock valued at $146,510,571 over the last three months. Corporate insiders own 0.21% of the company's stock.

Chevron Trading Down 1.2%

Shares of CVX opened at $190.55 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. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $214.71. The company has a 50 day simple moving average of $191.27 and a two-hundred day simple moving average of $167.75. The firm has a market cap of $379.64 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 1.43 and a beta of 0.60.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the firm posted $2.06 EPS. The company's revenue was down 10.2% on a year-over-year basis. On average, equities analysts expect that Chevron Corporation will post 10.79 earnings per share 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 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 yield of 3.7%. Chevron's payout ratio is presently 106.91%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Offshore Gulf discovery strengthens reserves and near‑term production optionality — Chevron (37.125% interest) and partners confirmed oil at the Bandit prospect in the Gulf of America; results could enable subsea tie‑backs to nearby infrastructure, boosting upstream growth potential. Chevron finds oil at Gulf of America’s Bandit prospect
• Positive Sentiment: Near-term earnings tailwind: Chevron says stronger oil/gas prices should lift first‑quarter upstream earnings by $1.6–$2.2 billion vs. Q4 2025, implying better cash flow and support for dividends/buybacks if prices persist. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Positive Sentiment: Analyst bullishness increases: multiple shops raised targets and ratings (Wells Fargo to $222 overweight; Tudor Pickering to $225 buy), signaling institutional conviction that CVX has upside after the recent run. Wells Fargo raises price target
• Positive Sentiment: Upstream & LNG project investment: Chevron approved a $690M spend on the Aseng gas project to boost LNG supply — supports growth in the higher‑margin LNG business as global demand rises. Chevron Approves $690M Aseng Gas Project to Boost LNG Supply
• Neutral Sentiment: Estimates nudged up: Erste Group raised FY2026 EPS estimates (from $7.46 to $7.94) — a positive revision but still below consensus, indicating mixed analyst positioning. Erste Group Bank Raises Earnings Estimates for Chevron
• Neutral Sentiment: Leviathan gas restart restores volumes in the Eastern Mediterranean — adds supply stability but is largely anticipated by the market. Israel Restarts Second Offshore Gas Field After U.S.-Iran Ceasefire
• Negative Sentiment: Hedging will limit upside from higher prices: Chevron warned that its hedging programs could blunt the benefit of elevated crude prices, which dampens the immediate earnings flow investors expected. Chevron sees Iran war oil boost, warns hedging to weigh
• Negative Sentiment: Market rotation & volatility: energy‑sector swings (ceasefire headlines, pipeline attacks, and short‑term profit‑taking after CVX’s strong YTD run) have put downward pressure on shares despite company positives. Nasdaq, S&P 500 Extend Winning Streak as Truce Remains Intact

Chevron Profile

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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