Chevron Corporation $CVX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Chevron Corporation (NYSE:CVX) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 463,834 shares of the oil and gas company’s stock after selling 4,852 shares during the quarter. Teacher Retirement System of Texas’ holdings in Chevron were worth $72,029,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Grandfield & Dodd LLC increased its stake in Chevron by 0.9% during the third quarter. Grandfield & Dodd LLC now owns 118,576 shares of the oil and gas company’s stock worth $18,414,000 after acquiring an additional 1,066 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in shares of Chevron by 2.2% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 2,471,567 shares of the oil and gas company’s stock worth $383,810,000 after purchasing an additional 52,417 shares during the last quarter. Probity Advisors Inc. raised its holdings in Chevron by 14.1% in the 3rd quarter. Probity Advisors Inc. now owns 4,177 shares of the oil and gas company’s stock valued at $649,000 after buying an additional 515 shares during the period. Kingdom Financial Group LLC. acquired a new position in Chevron in the third quarter valued at about $437,000. Finally, Wendell David Associates Inc. boosted its stake in Chevron by 1.2% during the third quarter. Wendell David Associates Inc. now owns 7,866 shares of the oil and gas company’s stock worth $1,222,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CVX shares. Morgan Stanley boosted their price target on shares of Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research note on Tuesday. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Bank of America decreased their target price on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Raymond James Financial restated an “outperform” rating and set a $160.00 target price (down from $170.00) on shares of Chevron in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $170.29.

Chevron Price Performance

Shares of NYSE CVX opened at $166.42 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The company has a market cap of $335.09 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 10.91 and a beta of 0.70. The stock’s 50-day moving average is $154.34 and its two-hundred day moving average is $154.68. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $169.37.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 earnings per share. Analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Insider Activity

In other Chevron news, insider Alana K. Knowles sold 3,200 shares of Chevron stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the sale, the insider directly owned 1,207 shares of the company’s stock, valued at $202,776. The trade was a 72.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eimear P. Bonner sold 28,334 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $4,676,526.70. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $720,608.30. The trade was a 86.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 635,190 shares of company stock valued at $100,254,408 in the last 90 days. Company insiders own 0.21% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: JPMorgan upgraded CVX, signaling improving analyst sentiment and support for the stock. Chevron (NYSE:CVX) Stock Rating Upgraded by JPMorgan Chase & Co.
• Positive Sentiment: Scotiabank raised its price target for CVX to $168, which may buoy investor expectations for upside. Scotiabank raises CVX target to $168
• Positive Sentiment: Chevron is set to complete the sale of its 50% stake in Singapore Refining Company by Q1, a move management frames as portfolio simplification and redeployable capital into higher-margin opportunities. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Positive Sentiment: Potential upstream catalysts — progress on Leviathan expansion and easing Venezuela exposure — are highlighted by analysts as structural upside for CVX’s production profile and valuation. U.S. Moves on Venezuela and Leviathan Gas Might Change The Case For Investing In Chevron (CVX)
• Neutral Sentiment: Analyst and media pieces continue to re-evaluate CVX on yield, balance sheet strength and the post-Hess merger footprint — useful for longer-term thesis but less likely to drive immediate moves. Analysts Offer Insights on Energy Companies: Chevron (CVX)
• Neutral Sentiment: Talks with Turkey’s TPAO on joint exploration could add future upside but are early-stage and not an immediate earnings driver. Chevron and Turkey in Talks for Joint Oil & Gas Exploration
• Negative Sentiment: Production at the Tengiz field in Kazakhstan (Tengizchevroil, 50% owned by Chevron) remains shut with no restart yet; lost volumes and near-term revenue disruption from one of the world’s largest fields are the primary catalyst for downward pressure on CVX today. Kazakhstan’s Tengiz oil production has not yet resumed, Chevron says

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.