Chevron Corporation $CVX Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 916,882 shares of the oil and gas company’s stock after buying an additional 40,312 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Chevron worth $142,383,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Patton Fund Management Inc. purchased a new position in shares of Chevron in the second quarter worth about $227,000. Sound Income Strategies LLC boosted its holdings in shares of Chevron by 16.2% during the 2nd quarter. Sound Income Strategies LLC now owns 6,378 shares of the oil and gas company’s stock worth $913,000 after purchasing an additional 888 shares during the last quarter. Claris Advisors LLC MO grew its position in shares of Chevron by 9.2% in the second quarter. Claris Advisors LLC MO now owns 2,467 shares of the oil and gas company’s stock valued at $353,000 after purchasing an additional 208 shares in the last quarter. Kavar Capital Partners Group LLC increased its holdings in shares of Chevron by 3.5% in the second quarter. Kavar Capital Partners Group LLC now owns 23,294 shares of the oil and gas company’s stock valued at $3,335,000 after purchasing an additional 784 shares during the last quarter. Finally, LexAurum Advisors LLC lifted its position in Chevron by 17.3% during the second quarter. LexAurum Advisors LLC now owns 12,710 shares of the oil and gas company’s stock worth $1,820,000 after buying an additional 1,872 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Raymond James Financial reissued an “outperform” rating and issued a $160.00 price objective (down previously from $170.00) on shares of Chevron in a report on Friday, October 17th. Wells Fargo & Company lifted their target price on shares of Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. HSBC set a $169.00 price target on shares of Chevron and gave the stock a “buy” rating in a report on Monday, December 1st. Finally, Citigroup lowered their price objective on Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Chevron has an average rating of “Hold” and a consensus price target of $170.00.

Insider Activity

In other news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the transaction, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alana K. Knowles sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the sale, the insider owned 1,207 shares of the company’s stock, valued at approximately $202,776. The trade was a 72.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 635,190 shares of company stock worth $100,254,408 over the last quarter. Insiders own 0.20% of the company’s stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: BMO Capital maintained a Buy rating and a $170 price target, citing improved Permian well data and clearer long-term production visibility — supportive of the near-term growth narrative. Read More.
• Positive Sentiment: Large asset managers such as BlackRock and Vanguard have been increasing positions in Chevron, signaling institutional confidence and potential steady buying demand. Read More.
• Positive Sentiment: Chevron appointed Thomas W. Horton to the board and the audit committee — adds governance depth and financial oversight experience, which investors typically view favorably. Read More.
• Positive Sentiment: Chevron-led JV reported a “significant” oil discovery offshore Nigeria, supporting future reserve and production upside. Read More.
• Positive Sentiment: Signed an MoU with Libya’s NOC to resume exploration activity after a long absence — expands the company’s international upstream opportunities. Read More.
• Positive Sentiment: High-profile endorsements (e.g., Jim Cramer) continue to highlight Chevron’s cash generation and buyback/dividend profile, supporting sentiment among income-focused investors. Read More.
• Neutral Sentiment: Wall Street coverage remains cautiously bullish overall — analysts like the long-term outlook even though CVX has lagged the S&P over the past year. This suggests steady analyst support but limited near-term upside surprise. Read More.
• Neutral Sentiment: Market is focused on upcoming Q4 earnings (reporting Jan. 30). Expect volatility around results; consensus and guidance will be the next major catalyst. Read More.
• Negative Sentiment: Chevron is pushing Iraq for improved commercial terms before taking over Lukoil’s West Qurna-2 field — negotiations could delay the transaction or limit economics, creating near-term uncertainty and execution risk. Read More.
• Negative Sentiment: Chevron has been increasing Venezuelan shipments amid tighter U.S. controls — while volumes help revenue, the move raises regulatory and political risk that investors may penalize. Read More.

Chevron Stock Up 0.5%

Shares of NYSE CVX opened at $169.95 on Wednesday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $169.64. The business’s fifty day simple moving average is $155.08 and its 200-day simple moving average is $155.03. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The stock has a market cap of $342.19 billion, a P/E ratio of 23.84, a PEG ratio of 11.83 and a beta of 0.70.

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

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were given a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. Chevron’s dividend payout ratio is presently 96.20%.

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.