297,550 Shares in Chevron Corporation $CVX Bought by Aventail Capital Group LP

Key Points

• Aventail Capital Group LP opened a new position in Chevron, buying 297,550 shares in the 3rd quarter worth about $46.2 million, making CVX ~2.1% of its portfolio and its 10th largest holding.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, yield ~3.6%), though the company’s dividend payout ratio is high at 106.91%, indicating payouts exceed reported earnings.
• Insiders have been net sellers recently, offloading about 1,099,397 shares (~$196.2 million) over the last three months, and analysts’ consensus is a “Hold” with an average target price of $182.05.

Aventail Capital Group LP bought a new position in Chevron Corporation (NYSE:CVX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 297,550 shares of the oil and gas company's stock, valued at approximately $46,207,000. Chevron accounts for about 2.1% of Aventail Capital Group LP's portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron in the third quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of Chevron by 86.1% during 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 stake in Chevron during the 3rd quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC boosted its stake in 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 valued at $42,000 after purchasing an additional 202 shares during the period. Finally, Traub Capital Management LLC acquired a new stake in Chevron in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Ratings Changes

CVX has been the topic of several recent analyst reports. TD Cowen lifted their price target on Chevron from $160.00 to $168.00 and gave the stock a "hold" rating in a research report on Monday, February 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Freedom Capital cut Chevron from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 6th. Scotiabank restated a "sector perform" rating and issued a $168.00 price objective on shares of Chevron in a research note on Friday, January 16th. Finally, Wall Street Zen raised shares of Chevron from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $182.05.

Chevron Trading Down 0.0%

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

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 EPS. As a group, equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

Insider Activity

In other news, insider R. Hewitt Pate sold 47,200 shares of the firm's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the completion of the transaction, the insider directly owned 8,558 shares of the company's stock, valued at approximately $1,644,162.96. This trade represents a 84.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. 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.

Key Chevron News

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?

About Chevron

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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