Teacher Retirement System of Texas Boosts Stake in Chevron Corporation $CVX

Teacher Retirement System of Texas lifted its holdings in Chevron Corporation (NYSE:CVX) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505,706 shares of the oil and gas company’s stock after purchasing an additional 41,872 shares during the quarter. Teacher Retirement System of Texas’ holdings in Chevron were worth $77,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Mystic Asset Management Inc. raised its stake in shares of Chevron by 0.7% in the fourth quarter. Mystic Asset Management Inc. now owns 23,822 shares of the oil and gas company’s stock worth $3,631,000 after purchasing an additional 174 shares during the last quarter. Schear Investment Advisers LLC raised its stake in shares of Chevron by 0.9% in the fourth quarter. Schear Investment Advisers LLC now owns 9,045 shares of the oil and gas company’s stock worth $1,379,000 after purchasing an additional 85 shares during the last quarter. Wealth Management Nebraska purchased a new position in shares of Chevron in the fourth quarter worth $277,000. West Michigan Advisors LLC raised its stake in shares of Chevron by 1.8% in the fourth quarter. West Michigan Advisors LLC now owns 6,419 shares of the oil and gas company’s stock worth $978,000 after purchasing an additional 116 shares during the last quarter. Finally, Amarillo National Bank raised its stake in shares of Chevron by 10.3% in the fourth quarter. Amarillo National Bank now owns 4,871 shares of the oil and gas company’s stock worth $742,000 after purchasing an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Barclays boosted their price target on Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Thursday, April 9th. Morgan Stanley upped their price objective on Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Citigroup upped their price objective on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average target price of $198.09.

Chevron Stock Performance

NYSE:CVX opened at $186.28 on Thursday. The stock has a 50-day simple moving average of $192.43 and a two-hundred day simple moving average of $169.71. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a market capitalization of $371.13 billion, a PE ratio of 27.97, a P/E/G ratio of 0.78 and a beta of 0.60.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. Chevron’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts forecast that Chevron Corporation will post 12.49 EPS for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is presently 106.91%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wheatstone LNG (Australia) has fully resumed production after cyclone repairs — restores lost LNG volumes and near-term cash flow that had been disrupted by the storm, reducing short-term supply risk for Chevron’s LNG portfolio. Chevron resumes full production at Wheatstone LNG after repairs for cyclone damage
• Positive Sentiment: Chevron reached an asset-swap agreement with Petróleos de Venezuela (PDVSA) to expand its stake in Venezuelan heavy oil operations — potentially adds long?term upstream barrels and production optionality if political/legal risks ease, improving reserve and cash?flow outlook. Chevron Corporation (CVX) Expands Stakes in Venezuela Oil Operations
• Positive Sentiment: Broker and analyst upgrades/coverage are supportive — BNP Paribas upgraded CVX recently and several analyst posts flagged Chevron among top crude/oil picks, which can lift investor sentiment and valuation multiples. Chevron Corporation (CVX): Among the Best Crude Oil Stocks to Buy According to Analysts
• Neutral Sentiment: Scotiabank raised its price target on CVX to $187 with a “sector perform” rating — marginal upside from the current price that signals cautious support but not a strong buy conviction. Scotiabank raises price target on Chevron
• Neutral Sentiment: Inclusion on lists like “Warren Buffett stocks” and analyst roundups is a cosmetic positive for investor perception and long-term positioning but has limited immediate operational impact. 5 Best Warren Buffett Stocks to Invest in Now
• Negative Sentiment: Chevron reported a crude oil spill at its 118,750 bpd Pasadena, Texas refinery — raises potential cleanup costs, local regulatory scrutiny and short-term operational disruption at a downstream asset. The incident is a near-term risk to margins and could attract fines or production constraints depending on scope. Chevron refinery in Pasadena, Texas reports crude oil spill

Insider Buying and Selling at Chevron

In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the sale, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This represents a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 779,407 shares of company stock valued at $145,972,971 in the last ninety days. 0.56% of the stock is currently owned by company insiders.

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.