New Mexico Educational Retirement Board has $15.48 million stake in Chevron Corporation $CVX. August 29, 2026 Key points. * New Mexico Educational Retirement Board increased its Chevron stake by 6.6% in the second quarter, bringing its holdings to 93,392 shares valued at $15.48 million. Institutional investors and hedge funds collectively own 72.42% of Chevron. * Chevron reported quarterly EPS of $6.06, exceeding estimates of $5.55, while revenue rose 57.4% year over year to $67.20 billion. The company declared a quarterly dividend of $1.78, equivalent to a 3.5% annual yield. * Chevron is reportedly pursuing expanded Venezuelan oil operations, which could support long-term production growth but face political, sanctions and regulatory risks. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $207.48. * Five stocks we like better than Chevron. New Mexico Educational Retirement Board grew its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,392 shares of the oil and gas company's stock after buying an additional 5,800 shares during the period. New Mexico Educational Retirement Board's holdings in Chevron were worth $15,481,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors also recently modified their holdings of the company. Blue Capital Inc. purchased a new stake in shares of Chevron during the 2nd quarter worth $786,000. OneAscent Wealth Management LLC acquired a new stake in shares of Chevron in the 2nd quarter valued at about $973,000. Global Retirement Partners LLC purchased a new position in shares of Chevron during the second quarter worth approximately $14,276,000. Indivisible Partners acquired a new stake in shares of Chevron during the fourth quarter worth about $1,923,000. Finally, Janney Montgomery Scott LLC lifted its position in Chevron by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company's stock worth $258,853,000 after acquiring an additional 79,439 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds. Here are the key news stories impacting Chevron this week: * Chevron is reportedly nearing a deal to migrate all of its Venezuelan joint ventures into a new energy framework, potentially allowing greater operational control and key oilfield expansions. The company already accounts for roughly one-quarter of Venezuela's oil production. * Reports indicate Chevron and oil-services company Halliburton are close to agreements to invest billions of dollars in Venezuelan fields. For Chevron, the opportunity could create a long-term production-growth platform and strengthen its position if Venezuela moves further away from OPEC restrictions. * Analyst-oriented coverage is comparing Chevron's performance with TotalEnergies, while other reports highlight Chevron's investments in nuclear-fusion technology. Fusion could eventually diversify the company beyond hydrocarbons, but the projects remain experimental and are unlikely to materially affect near-term earnings. * Venezuelan opposition groups have criticized reports that U.S. companies could receive a large stake in the country's energy industry. Political resistance, sanctions or regulatory uncertainty could delay the agreement, raise investment costs or limit the expected benefits. * Dividend-focused coverage notes that Chevron's payout remains exposed to commodity-price cycles. Although the dividend is supported by the company's scale and balance sheet, weaker oil prices or heavy Venezuelan investment requirements could pressure future cash-flow flexibility. Chevron trading up 1.1%. Chevron stock opened at $202.04 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm's 50-day moving average is $187.44 and its 200-day moving average is $188.85. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The company has a market cap of $399.18 billion, a P/E ratio of 19.37, a PEG ratio of 0.60 and a beta of 0.49. Discover more Building An Investment Portfolio Live News Feed My Portfolio Tracker Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. On average, equities analysts expect that Chevron Corporation will post 16.17 earnings per share for the current year. Chevron dividend announcement. The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron's dividend payout ratio is 68.26%. Analyst Ratings changes. Several equities analysts have issued reports on CVX shares. Mizuho set a $224.00 target price on Chevron in a research report on Monday, August 3rd. Weiss Ratings upgraded Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a "buy" rating and set a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. Zacks Research downgraded Chevron from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Finally, Barclays cut their price target on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, August 17th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.48. Insiders place their bets. In other news, insider Andrew Benjamin Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company's stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider R. Hewitt Pate sold 2,470 shares of Chevron stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the sale, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,152,582 shares of company stock valued at $225,853,661 in the last quarter. 0.56% of the stock is owned by insiders. 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. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Chevron, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chevron wasn't on the list. 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Trump hails 'historic' deal for US to control 65bn barrels of Venezuela's oil. 3 hours ago Sareen Habeshian The US has struck a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, Donald Trump announced. The US president wrote that the agreement would more than double American oil reserves and "substantially lower Gas Prices for all Americans". Venezuela's interim President Delcy Rodríguez hailed the deal as one that would help her nation's economic revival. But some analysts have reacted with scepticism, including questioning whether it would address long-running obstacles that have deterred investment in Venezuela's oil industry. Trump has recently been under domestic pressure to tame petrol prices, which have spiked due to the Iran war. He vowed to tap into Venezuela's reserves, the world's largest, after the US captured its then-President Nicolás Maduro in January, ostensibly to stand trial on drug charges in New York. The deal calls for the development of 17 strategic oil fields with a proven potential of 65 billion barrels, as well as "an investment of more than $100bn and more than $209bn in taxes" for Venezuela, Rodríguez said in a statement. "These investments will contribute not only to the recovery and modernisation of our industry, but also to our country's economic growth, the energy security of our hemisphere and greater balance in international markets," she said. Rodríguez, who is Maduro's former vice-president and who the US backed following his capture, added the deal would have "a significant impact on our nation's revival". Under the agreement, the US government will retain 55% control of a joint venture with an "experienced private operator in Venezuela", a US official told the BBC's US partner CBS News. They said Rodríguez gave the venture a 100-year concession to operate in the oil fields. US Secretary of State Marco Rubio called the deal "a huge win for both the American and Venezuelan people". "For the Venezuelan people, this deal will bring nearly $100bn (£74bn) in private investment, support thousands of high-paying jobs and drive the reconstruction of Venezuela's economy," he said. Trump said Rubio and Defence Secretary Pete Hegseth had reached the agreement with Venezuela's leadership "through a partnership with private business". He gave few specifics, nor did he elaborate on the partnership or describe possible US terms and commitments, but he said the deal was reached "at no cost to the American Taxpayer". It apparently grants the US direct governance over a foreign country's sovereign national resources and appears to be wider in scope than the US-led Coalition Provisional Authority's control over Iraq's oil revenues after Saddam Hussein was ousted in an American-led invasion in 2003. It is unclear whether the Venezuela agreement could face legal and constitutional challenges in the South American nation. The official text of the agreement between Washington and Caracas has not been published. David Goldwyn, president of energy consultancy Goldwyn Global Strategies, told the Reuters news agency there was "no precedent" for the US government entering into a lease to operate Venezuelan oil fields and it was not clear if such a move would violate Venezuela's constitution or its hydrocarbons law. "It is hard to see how this kind of arrangement would accelerate investment at any material scale," he added, citing Venezuela's political uncertainty, weak power grid, and limited export capacity. Oil, gas and mineral lawyer Alexander Kuiper told the BBC the deal could be "very significant" but expressed some caution. "This is definitely a headline to help with oil prices," he said, but added: "What we don't know, is whether or not those reserves turn into actual investment, and how long that investment takes to produce results." Rachel Ziemba, from think tank The Center for New American Security, said the agreement could help spur job growth and imports in Venezuela, but there were too few details to gauge the impact. "This is unlikely to have any material impact on global oil supplies in the next month or even the next year," she told the BBC News Channel. The Wall Street Journal reported on Friday that US energy firms Chevron and Halliburton were nearing deals to invest billions in overhauling the infrastructure in Venezuela's oil fields, many of which have not been developed. Venezuela has the largest proven oil reserves in the world - an estimated 303 billion barrels - but production has plummeted since its peak in the late 1990s, in part due to a tightening of controls over its state-run oil firm and US sanctions targeting its main economic lifeline. Hours after US special forces captured Maduro and his wife, Cilia Flores, in a raid on the Venezuelan capital, Trump said the US would indefinitely control the sale of the country's oil. He has also claimed the rights to Venezuela's oil after saying that the country had in the past "unilaterally seized and sold American oil, American assets and American platforms, costing us billions and billions of dollars". His framing of the deal as part of efforts to drive down domestic petrol prices comes as the global price of oil has jumped up significantly as supply via the Strait of Hormuz in the Persian Gulf has effectively been stymied - spurring discontent ahead of the US midterm elections in November. However, Venezuela's oil reserves are made up of so-called "heavy, sour" oil, which is harder to refine and used for making diesel and asphalt, while the US typically produces "light, sweet" oil useful for making petrol. Trump has asked US oil firms to invest at least $100bn (£75bn) to restore the country's oil industry.