Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Chevron Corporation $CVX

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Chevron Corporation (NYSE:CVX) by 3.3% during the 4th quarter, HoldingsChannel reports. The firm owned 4,359,741 shares of the oil and gas company’s stock after purchasing an additional 139,750 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Chevron were worth $679,684,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in Chevron by 6.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 930 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 59 shares during the last quarter. MMA Asset Management LLC boosted its position in Chevron by 3.4% in the fourth quarter. MMA Asset Management LLC now owns 1,820 shares of the oil and gas company’s stock worth $277,000 after purchasing an additional 59 shares during the last quarter. Barlow Wealth Partners LLC boosted its position in Chevron by 1.1% in the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC boosted its position in Chevron by 6.1% in the fourth quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 61 shares during the last quarter. Finally, TigerOak Management L.L.C. boosted its position in Chevron by 0.7% in the fourth quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company’s stock worth $1,375,000 after purchasing an additional 62 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chevron news, CTO Thomas Ryder Booth sold 11,076 shares of the company’s 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 completion of the sale, the chief technology officer owned 1,122 shares in the company, valued at $206,896.80. This represents a 90.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction on 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 completion of the transaction, the chief executive officer owned 31,266 shares in the company, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 621,439 shares of company stock valued at $118,307,800 over the last ninety days. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CVX shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a research note on Tuesday. Scotiabank raised their price objective on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Barclays raised their price objective on Chevron from $180.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Monday. TD Cowen decreased their price objective on Chevron from $214.00 to $204.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Finally, Mizuho raised their price objective on Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $202.09.

Chevron Stock Up 0.2%

Shares of CVX opened at $192.65 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12-month low of $133.77 and a 12-month high of $214.71. The business’s 50 day moving average is $193.26 and its 200 day moving average is $171.64. The company has a market capitalization of $383.81 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.Chevron’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.18 EPS. Research analysts expect that Chevron Corporation will post 14.16 earnings per share for the current fiscal 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 dividend of $1.78 per share. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warning and higher oil prices: CEO Mike Wirth said physical shortages could emerge if the Strait of Hormuz remains disrupted, a comment that supports oil-price upside and benefits integrated producers like Chevron. Chevron CEO says physical shortages in oil supply to begin appearing
• Positive Sentiment: Oil-driven rally and capital returns: Coverage notes that CVX is rallying as crude moves higher and Chevron’s shareholder-friendly capital returns (buybacks/dividends) remain a tailwind for valuation and investor sentiment. Chevron Corporation (CVX) Rallies as Oil Prices Surge and Capital Returns Impress
• Positive Sentiment: Analyst support: Royal Bank of Canada reaffirmed an “outperform” rating and set a $220 price target, signaling broker confidence and potential upside vs. current levels. Benzinga
• Neutral Sentiment: Exploration expansion: Chevron said it will search for oil and gas south of Malta, extending Mediterranean activity — a strategic growth move whose near-term impact on production and cash flow is uncertain. Chevron expands Mediterranean activities with exploration offshore Malta
• Neutral Sentiment: Iraq asset negotiations: Reports that Chevron is in talks for stakes in major Iraqi fields represent meaningful long-term optionality but remain speculative until deals are announced. Chevron Iraqi Oilfield Talks And What They Could Mean For CVX Valuation
• Neutral Sentiment: Ceasefire reports temper tail-risk: U.S. statements that a ceasefire/pauses in hostilities are holding reduce the immediate tail risk of a full-blown Gulf conflict, which could cap further oil-price spikes and limit upside for CVX. US Says Iran Ceasefire in Place After Clashes Over Hormuz
• Negative Sentiment: Reputational and political risk: Consumer Watchdog alleges a “phony” Chevron-funded group is funding ads blaming California policy for high pump prices — a PR/political headwind that could attract regulatory or public-relations costs. Phony Chevron-Funded Group Blames CA When Chevron’s Price Gouging Is Pegged For Run Up At Pump According To New State Gas Pricing Report, Says Consumer Watchdog
• Negative Sentiment: Price volatility after geopolitical headlines: While tensions initially pushed oil sharply higher, follow-on reports of the truce and easing shipping disruptions have pulled prices back at times — introducing near-term volatility that can pressure CVX shares. Oil Declines as Fragile Truce Holds Following Hormuz Clashes

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.