Morningstar Investment Management LLC Sells 29,213 Shares of Chevron Corporation $CVX

25 May 2026, 06:30 by Doug Wharley · The Cerbat Gem

Morningstar Investment Management LLC lessened its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 60.9% during the 4th quarter, Holdings Channel reports. The firm owned 18,738 shares of the oil and gas company’s stock after selling 29,213 shares during the period. Morningstar Investment Management LLC’s holdings in Chevron were worth $2,856,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CVX. Strategic Wealth Advisors LLC acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $33,000. Daytona Street Capital LLC acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $44,000. Maseco LLP acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $49,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $49,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $53,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CVX shares. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, March 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 price target on shares of Chevron in a research report on Tuesday, May 5th. Barclays increased their price target on shares of Chevron from $180.00 to $192.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Finally, Piper Sandler increased their price target on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.22.

Read Our Latest Stock Analysis on Chevron

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the sale, the chief executive officer directly owned 31,266 shares in the company, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 8,638 shares in the company, valued at $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,179,699 shares of company stock worth $224,675,517. Corporate insiders own 0.56% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Positive Sentiment: WTI crude above $95 per barrel is lifting Permian oil and associated gas economics, which should be a tailwind for Chevron’s upstream earnings and cash flow. More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
Positive Sentiment: Morgan Stanley raised its price target on Chevron to $214 from $212 and reiterated an overweight rating, signaling continued Wall Street confidence in the stock’s upside. Benzinga / The Fly analyst update
Positive Sentiment: Chevron’s planned participation in a Bernstein conference next week keeps investor attention on management commentary and strategic updates. Chevron to Participate in Fireside Q&A at Bernstein 42nd Annual Strategic Decisions Conference
Positive Sentiment: Chevron’s new next-generation Techron gasoline additive may help support brand strength and retail fuel performance over time. Chevron Introduces Next-gen Techron in U.S. Chevron and Texaco Gasolines
Positive Sentiment: Chevron stands to receive about $2.17 billion from the sale of several Asia Pacific refining and retail assets to Eneos, which supports balance-sheet flexibility and portfolio simplification. Chevron Corporation (CVX) Poised for $2.17B Boost from Asia Pacific Asset Sale

Chevron Stock Performance

Shares of CVX stock opened at $191.51 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The company has a market capitalization of $381.42 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 0.64 and a beta of 0.51. The company’s 50 day moving average price is $193.54 and its two-hundred day moving average price is $174.75. Chevron Corporation has a 52 week low of $134.06 and a 52 week high of $214.71.

Chevron (NYSE:CVX – Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.00 by $0.41. The firm had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $2.18 EPS. On average, analysts expect that Chevron Corporation will post 15.74 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

About Chevron

(Free Report)

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.