Chevy Chase Trust Holdings LLC Acquires 127,686 Shares of Chevron Corporation $CVX

Chevy Chase Trust Holdings LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 14.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,000,960 shares of the oil and gas company’s stock after buying an additional 127,686 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Chevron were worth $155,439,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CVX. Decker Retirement Planning Inc. bought a new position in Chevron during the third quarter worth $34,000. Vermillion & White Wealth Management Group LLC grew its holdings in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the period. Marquette Asset Management LLC bought a new stake in Chevron in the third quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Chevron by 306.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 202 shares during the period. Finally, Traub Capital Management LLC acquired a new position in shares of Chevron during the second quarter valued at about $46,000. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other news, insider Andrew Benjamin Walz sold 11,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Hewitt Pate sold 47,200 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $192.12, for a total value of $9,068,064.00. Following the completion of the transaction, the insider owned 8,558 shares in the company, valued at $1,644,162.96. This represents a 84.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,099,397 shares of company stock valued at $196,196,468. Corporate insiders own 0.21% of the company’s stock.

Chevron Stock Down 0.0%

Shares of NYSE CVX opened at $196.95 on Friday. The stock has a market capitalization of $393.00 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.67. The company has a 50-day moving average price of $177.33 and a 200-day moving average price of $162.05. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $198.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same quarter in the prior year, the business posted $2.06 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. On average, equities research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is presently 106.91%.

Analysts Set New Price Targets

CVX has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Jefferies Financial Group upped their price target on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Piper Sandler raised their price objective on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Sanford C. Bernstein boosted their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $182.05.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical-driven oil rally is lifting energy names like Chevron as investors position for tighter supply; this is a primary driver behind recent upside in CVX. Wall Street Roundup: War, Oil, Airlines, Energy, AI, Private Credit
• Positive Sentiment: Piper Sandler raised its price target to $242 and moved to an “overweight” rating, signaling notable analyst upside that can support further buying interest. Piper Sandler price target raise
• Positive Sentiment: Chevron expanded its U.S. deepwater exposure via recent Gulf of Mexico lease activity, reinforcing confidence in long-term upstream growth and reserves development. Chevron Expands Gulf of Mexico Presence With Latest Lease Sale
• Positive Sentiment: Unusual options flow showed heavy call buying (111,021 calls), indicating speculative/bullish positioning that can amplify near-term upside.
• Neutral Sentiment: Chevron agreed to sell its stakes in Angola Blocks 14/14K to Energean for about $260M — a small portfolio divestment that trims international exposure but provides cash for reallocation; impact is strategic rather than material to earnings. Energean to acquire Chevron’s stakes in offshore Angola blocks
• Neutral Sentiment: Worley won a FEED contract for Chevron’s Aphrodite gas field (Cyprus), confirming project progress; it’s a positive operational step but the contract award mainly benefits the supplier and signals Chevron advancing development plans. Worley secures contract from Chevron for Aphrodite gas field FEED
• Neutral Sentiment: Analyst and media coverage is debating valuation as CVX approaches $200 after a ~30% run in 2026; some see upside if oil holds, others warn the rally could be stretched. Chevron Near $200 While Oil Tops $100: Does CVX Merit a Buy?
• Negative Sentiment: Chevron faces a DOJ settlement: a $1M penalty and retirement of $3.6M in invalid renewable fuel credits — reputational and compliance negative, though the financial hit is modest. Chevron Hit With $1 Million Penalty Over Invalid Clean Fuel Credits
• Negative Sentiment: MarketBeat and technical indicators note momentum warnings (MACD/RSI weakening) and the IEA’s coordinated reserve releases could cap oil — if oil eases, Chevron’s rally could reverse quickly. Chevron Hits New Highs Due to Oil’s Rally, But Is It Sustainable?

Chevron Company 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.