OLD National Bancorp IN Raises Stake in Chevron Corporation $CVX

OLD National Bancorp IN grew its stake in Chevron Corporation (NYSE:CVX) by 10.2% in the fourth quarter, Holdings Channel reports. The fund owned 67,416 shares of the oil and gas company’s stock after purchasing an additional 6,249 shares during the period. OLD National Bancorp IN’s holdings in Chevron were worth $10,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CVX. United Bank lifted its holdings in Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after acquiring an additional 796 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after acquiring an additional 4,214 shares during the last quarter. BNP Paribas raised its position in Chevron by 76.4% in the second quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 191 shares during the period. Osterweis Capital Management Inc. raised its position in Chevron by 678.9% in the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 1,188 shares during the period. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Chevron by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 553 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Wells Fargo & Company lifted their price target on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Melius Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, February 17th. Finally, Piper Sandler upped their price objective on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.09.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. This represents a 89.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 779,407 shares of company stock worth $145,972,971. 0.56% of the stock is currently owned by company insiders.

Chevron Stock Up 0.2%

Chevron stock opened at $186.67 on Thursday. The firm has a market capitalization of $371.91 billion, a P/E ratio of 28.00, a P/E/G ratio of 0.78 and a beta of 0.60. 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 twelve month low of $133.77 and a twelve month high of $214.71. The stock’s fifty day simple moving average is $192.43 and its 200-day simple moving average is $169.71.

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

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is 106.91%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wheatstone LNG back at full production — Chevron said the Wheatstone liquefied natural gas plant in Western Australia has fully resumed output after cyclone repairs, restoring cash flow and capacity that had been offline. Chevron resumes full production at Wheatstone LNG
• Positive Sentiment: Expanded Venezuela footprint — Chevron reached an asset-swap agreement to expand its stake in Venezuelan heavy-oil operations, which could add long-term production upside as political risk moderates. Chevron expands stakes in Venezuela oil operations
• Positive Sentiment: Analyst bullishness and upgrades — Multiple outlets note BNP Paribas upgraded CVX to Outperform and other analysts/roundups have listed Chevron among top crude/oil picks and “old economy” winners for 2026, supporting investor sentiment. Analysts bullish on Chevron
• Positive Sentiment: Featured on buy/lists and investor roundups — Zacks and other outlets included CVX in lists of high-flying or Buffett-preferred stocks, increasing retail/institutional interest. Buy 5 high-flying old economy stocks
• Neutral Sentiment: Mixed price-target moves — Scotiabank raised its CVX price target to $187 (sector perform) — a modest lift given current levels — while competitor coverage (Occidental) is being adjusted by peers, keeping sector valuation debate active. Scotiabank raises price target
• Negative Sentiment: Pasadena refinery crude spill — Chevron reported a crude oil spill at its Pasadena, Texas refinery; this creates potential near-term cleanup costs, regulatory scrutiny and local operational impact. Chevron refinery reports crude oil spill

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.