Bogart Wealth LLC Has $13.64 Million Stock Position in Chevron Corporation $CVX

Key Points

• Bogart Wealth LLC raised its Chevron stake 6.5% to 89,503 shares, worth $13.64 million at the end of the quarter.
• Insiders have been net sellers recently — CEO Michael K. Wirth sold 272,624 shares and insiders disposed of 768,673 shares worth about $144.1 million over the past 90 days, leaving insiders with 0.56% ownership.
• Corporate and analyst catalysts include a likely sale of Chevron’s 50% Singapore refinery stake to ENEOS, an MoU with Libya to assess shale resources, and multiple analyst price-target raises that leave a consensus rating of Moderate Buy with a $198.09 target.

Bogart Wealth LLC increased its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,503 shares of the oil and gas company's stock after acquiring an additional 5,459 shares during the period. Bogart Wealth LLC's holdings in Chevron were worth $13,641,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. State Street Corp boosted its stake in Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock valued at $23,698,184,000 after purchasing an additional 12,789,399 shares during the last quarter. Primecap Management Co. CA acquired a new position in Chevron during the 3rd quarter valued at about $988,083,000. Bank of New York Mellon Corp boosted its stake in Chevron by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company's stock valued at $3,047,900,000 after purchasing an additional 4,279,918 shares during the last quarter. Finally, Amundi boosted its stake in Chevron by 41.8% during the 3rd quarter. Amundi now owns 11,760,376 shares of the oil and gas company's stock valued at $1,811,333,000 after purchasing an additional 3,464,058 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Activity at Chevron

In related news, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company's stock, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 768,673 shares of company stock worth $144,148,191 over the last 90 days. Corporate insiders own 0.56% of the company's stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is nearing a sale of its 50% stake in Singapore Refining and related regional assets to Japan’s ENEOS (reports vary around $1B–$2B). The potential deal lets Chevron exit lower‑margin downstream assets and redeploy proceeds to higher‑return upstream projects, supporting cash flow and capital efficiency. Chevron likely to close deal for Singapore refinery stake sale to ENEOS - Reuters
• Positive Sentiment: Libya’s National Oil Corporation and Chevron signed an MoU to jointly assess shale oil and gas in several basins — an early-stage move that, if commercial, could add long‑life, low‑cost resources and improve long‑term reserves growth. This expands Chevron’s exploration optionality outside core regions. Libya signs preliminary agreement with Chevron - Reuters
• Positive Sentiment: Scotiabank materially raised its FY2026–FY2027 EPS forecasts for CVX (estimates rose sharply in the April 23 note), signaling that at least some analysts see stronger forward earnings — a fundamental catalyst supporting the stock’s valuation and dividend coverage narrative. Scotiabank raises estimates for Chevron - MarketBeat
• Neutral Sentiment: Investors are focused on Chevron’s Q1 earnings release (May 1). Pre‑earnings commentary highlights a known negative timing effect (~$2.7B–$3.7B) from derivatives/LIFO that may depress reported results but is largely non‑cash and expected to reverse — meaning headline EPS could disappoint while underlying cash flow may remain solid. Is Chevron Stock Worth Buying Ahead of Q1 Earnings - Zacks
• Neutral Sentiment: Market technicals: the energy sector has pulled back recently, which has pressured CVX despite supportive fundamentals; some analysts view the pullback as a buying opportunity while others advise waiting for post‑earnings clarity. This creates short‑term volatility but mixed directional conviction. The Crude Reality: Pullback Creates High-Conviction Opportunity in Chevron - MarketBeat
• Negative Sentiment: Trading/positioning risks: commentary notes elevated option premiums and interest in shorting puts on CVX amid the sector pullback — increased volatility and tactical short interest could amplify downside if macro or earnings disappoint. This is a near‑term technical risk to monitor. Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields - Barchart

Analysts Set New Price Targets

A number of equities analysts have issued reports on CVX shares. Barclays lifted their price target on Chevron from $172.00 to $180.00 and gave the company an "equal weight" rating in a research note on Monday, March 16th. Citigroup lifted their price target on Chevron from $210.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, April 2nd. Mizuho upped their price objective on shares of Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. BMO Capital Markets reiterated an "outperform" rating and issued a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Finally, Wall Street Zen raised shares of Chevron from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.09.

Chevron Trading Up 1.9%

NYSE CVX opened at $188.21 on Wednesday. The business's fifty day moving average is $192.74 and its 200-day moving average is $170.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $374.97 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.71 and a beta of 0.60. Chevron Corporation has a one year low of $133.77 and a one year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm's revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. Equities research analysts predict that Chevron Corporation will post 13.55 EPS for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, February 17th. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) is 106.91%.

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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