Chevron Corporation $CVX is Clg LLC's 3rd Largest Position

Key Points

• Clg LLC cut its stake in Chevron (NYSE:CVX) by 7.8% in Q3 to 162,538 shares worth $25.24 million, leaving CVX as roughly 6.9% of the fund and its third-largest holding.
• CEO Michael K. Wirth sold 272,624 shares on March 2 for about $51.62 million (reducing his stake ~89.7%), and insiders have sold ~1.10 million shares worth $196.2 million over the last 90 days.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12) for a yield of ~3.6%, while the payout ratio is elevated at 106.91%.

Clg LLC lessened its stake in Chevron Corporation (NYSE:CVX - Free Report) by 7.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 162,538 shares of the oil and gas company's stock after selling 13,771 shares during the period. Chevron comprises approximately 6.9% of Clg LLC's portfolio, making the stock its 3rd largest position. Clg LLC's holdings in Chevron were worth $25,240,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CVX. Vanguard Group Inc. grew its stake in shares of Chevron by 17.9% in the third 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 buying an additional 27,961,463 shares in the last quarter. Norges Bank purchased a new stake in shares of Chevron in the 2nd quarter valued at $2,721,477,000. Primecap Management Co. CA acquired a new position in Chevron during the 3rd quarter worth about $988,083,000. Bank of New York Mellon Corp boosted its holdings 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 acquiring an additional 4,279,918 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its holdings in Chevron by 14,194.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company's stock valued at $532,984,000 after acquiring an additional 3,696,177 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In related news, 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 transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer owned 31,266 shares in the company, valued at $5,920,217.10. This represents a 89.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The SEC filing for this sale provides additional information. Insiders have sold 1,099,397 shares of company stock worth $196,196,468 over the last 90 days. Company insiders own 0.21% of the company's stock.

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 Trading Down 0.0%

NYSE:CVX opened at $196.95 on Friday. The company has a market capitalization of $393.00 billion, a PE ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.67. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $198.88. The stock's 50 day moving average price is $177.33 and its 200 day moving average price is $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.

Chevron (NYSE:CVX - Get Free Report) last issued 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. The company had revenue of $45.79 billion during the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm's revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. On average, research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Melius Research upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research note on Tuesday, February 17th. Wall Street Zen upgraded shares of Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. Scotiabank restated a "sector perform" rating and issued a $168.00 price objective on shares of Chevron in a report on Friday, January 16th. BMO Capital Markets reiterated an "outperform" rating and set a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Finally, TD Cowen lifted their price target on Chevron from $160.00 to $168.00 and gave the stock a "hold" rating in a report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron currently has a consensus rating of "Hold" and an average price target of $182.05.

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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