Ninety One UK Ltd has increased its stake in
Chevron Corporation (CVX), in a trend suggesting bullish sentiment among investors, as
RBC also lifted its price target on the company. This is despite multiple asset management and advisory services trimming their positions in Chevron. The company witnessed a large decline in short interest while hitting a 52-week high. Notable new stakes and share acquisitions were made by
Patriot Financial Group,
Whittier Trust Co. and
AE Wealth Management LLC, among others. Chevron received a buy rating from
Goldman Sachs and its shares experienced purchase increase by
Nations Financial Group Inc. IA ADV. The Supreme Court sided with Chevron and other oil companies in an environmental fight. Despite some fluctuation in shares, due to various factors including analyst downgrades, Chevron has made gains in its operations, including resuming gas production offshore Israel, making a final investment decision on Equatorial Guinea's Aseng gas project, acquiring new oil and gas areas in Venezuela and hitting oil in a Gulf well off Louisiana. However, the corporation has seen some share pullbacks and the risk profile may be changing with its heavy oil bets in Venezuela.
Chevron Corporation CVX News Analytics from Tue, 26 Aug 2025 07:00:00 GMT to Sat, 18 Apr 2026 15:12:08 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor 3
