1248 Management LLC Has $524,000 Stock Position in Chevron Corporation $CVX

Key Points

• 1248 Management LLC cut its stake in Chevron by 78.6% in Q3, selling 12,418 shares and leaving it with 3,377 shares valued at about $524,000.
• Insiders have been net sellers recently: the CFO sold 32,100 shares (~$5.6M) and the Vice Chairman sold 139,600 shares (~$26.2M), with insiders offloading ~1,099,397 shares (~$196.2M) over the past three months.
• Analysts are mixed—Chevron carries an average consensus rating of "Hold" with a $182.05 price target even as some firms raised targets (e.g., BofA to $206, Piper Sandler to $242), and the company raised its quarterly dividend to $1.78 (annualized $7.12, 3.6% yield).

1248 Management LLC reduced its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 78.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,377 shares of the oil and gas company's stock after selling 12,418 shares during the period. 1248 Management LLC's holdings in Chevron were worth $524,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CVX. Decker Retirement Planning Inc. bought a new stake in Chevron in the 3rd quarter valued at $34,000. Vermillion & White Wealth Management Group LLC grew its position in Chevron by 86.1% in the 2nd 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 last quarter. Marquette Asset Management LLC bought a new position in shares of Chevron during the 3rd quarter worth about $41,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock worth $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. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CVX shares. Barclays increased their target price on shares of Chevron from $158.00 to $166.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 21st. TD Cowen upped their price target on Chevron from $160.00 to $168.00 and gave the company a "hold" rating in a report on Monday, February 2nd. Bank of America raised their price objective on Chevron from $188.00 to $206.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. raised Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price objective on the stock in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Chevron currently has an average rating of "Hold" and a consensus price target of $182.05.

Insider Buying and Selling

In other news, CFO Eimear P. Bonner sold 32,100 shares of the company's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the sale, the chief financial officer owned 4,366 shares of the company's stock, valued at approximately $764,093.66. This represents a 88.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider owned 11,337 shares of the company's stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.21% of the stock is owned by insiders.

Chevron Stock Performance

NYSE:CVX opened at $196.95 on Friday. The firm has a market capitalization of $393.00 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $198.88. The firm has a 50-day moving average price of $177.33 and a 200 day moving average price of $162.05.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The company's quarterly revenue was down 10.2% on a year-over-year basis. Research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Chevron's previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron's dividend payout ratio (DPR) is currently 106.91%.

Trending Headlines about 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.

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