Gateway Investment Advisers LLC Sells 8,583 Shares of Chevron Corporation $CVX

Gateway Investment Advisers LLC decreased its stake in shares of Chevron Corporation (NYSE:CVX) by 2.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 396,374 shares of the oil and gas company’s stock after selling 8,583 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Chevron were worth $60,411,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Dakota Wealth Management lifted its stake in shares of Chevron by 14.9% in the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after purchasing an additional 10,822 shares during the last quarter. Brooklyn FI LLC bought a new position in Chevron in the third quarter worth approximately $431,000. New York State Teachers Retirement System grew its position in shares of Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after buying an additional 215,345 shares in the last quarter. Clear Trail Advisors LLC purchased a new position in Chevron during the 4th quarter valued at about $10,167,000. Finally, Finemark National Bank & Trust increased its holdings in Chevron by 40.3% during the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after buying an additional 16,243 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Price Performance

Shares of CVX stock opened at $185.30 on Thursday. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71. The company has a market capitalization of $369.17 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51. The firm’s 50-day moving average is $193.27 and its two-hundred day moving average is $171.88. 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) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.41. The company had revenue of $48.61 billion during the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 earnings per share. Analysts predict that Chevron Corporation will post 14.15 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron’s dividend payout ratio (DPR) is presently 123.40%.

Insiders Place Their Bets

In related news, insider R. Hewitt Pate sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the sale, the insider directly owned 8,558 shares in the company, valued at approximately $1,614,466.70. This represents a 87.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Thomas Ryder Booth sold 11,076 shares of Chevron stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $184.40, for a total transaction of $2,042,414.40. Following the sale, the chief technology officer directly owned 1,122 shares of the company’s stock, valued at approximately $206,896.80. This trade represents a 90.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 621,439 shares of company stock valued at $118,307,800. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CVX. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Wells Fargo & Company boosted their price target on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Bank of America raised their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target for the company in a report on Tuesday, January 20th. Finally, Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.70.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Meeting with U.S. leadership could open Venezuela opportunities — President Trump met with Chevron and ExxonMobil to discuss Venezuela, a development that could help Chevron pursue Venezuelan asset access or sanctions-related arrangements that would boost long?term production potential. Trump met with Chevron and ExxonMobil to discuss Venezuela
• Positive Sentiment: CEO highlights tightening supply — CEO Mike Wirth warned that Strait of Hormuz disruptions could produce material oil shortages, comments that support higher forward oil prices and improve Chevron’s margin outlook if physical supply tightness persists. Chevron CEO says economies ‘are going to have to slow’ as Strait of Hormuz closure disrupts oil supply
• Positive Sentiment: Exploration push in the Mediterranean — Chevron is starting hydrocarbon exploration south of Malta, expanding its footprint into a new basin that could add reserve upside and diversify the company’s geography. Chevron expands Mediterranean activities with exploration offshore Malta
• Positive Sentiment: Analyst support — Royal Bank of Canada reaffirmed an “outperform” rating with a $220 price target, offering institutional support that may limit downside during short-term commodity-driven volatility. RBC reaffirms outperform on CVX
• Neutral Sentiment: Proposed Offshore Parity Act could change Gulf leasing dynamics — H.R. 8542 would shift management of certain submerged lands to Gulf states (LA, MS, AL). The bill could alter leasing/royalty regimes for Gulf activity, but outcomes and timing remain uncertain. New Bill: Offshore Parity Act of 2026
• Negative Sentiment: Oil price slide on U.S.–Iran peace hopes pressured energy names — Renewed optimism about a U.S.–Iran deal and reports of a fragile ceasefire reduced risk premia in oil, sending major oil stocks, including Chevron, lower as crude eased from recent highs. Major Oil Stocks Plunge as U.S.-Iran Peace Talks Send Crude Prices Tumbling
• Negative Sentiment: Market reaction to easing Gulf tensions — Coverage noting a possible end to hostilities (Barron’s, Bloomberg live coverage) pushed sector sentiment lower as investors priced in lower forward oil realizations, a direct headwind for CVX’s near-term earnings multiple. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End
• Negative Sentiment: Reputational/political scrutiny in California — Reporting on a Chevron?funded group running ads over high pump prices may attract regulatory or reputational headaches, a secondary risk for investors tracking ESG and political-exposure headlines. Phony Chevron-Funded Group Blames CA When Chevron’s Price Gouging Is Pegged For Run Up At Pump

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.