Chevron Corporation $CVX Shares Acquired by Aquatic Capital Management LLC

Key Points

• Aquatic Capital Management LLC boosted its Chevron stake by 234.3% in Q3, buying 179,308 shares to hold 255,846 shares worth about $39.73 million, making CVX its 20th largest holding (~0.7% of the portfolio).
• CEO Michael K. Wirth sold 272,624 shares on March 2 for roughly $51.6 million, and insiders have sold 1,099,397 shares totaling about $196.2 million in the past 90 days, leaving insiders with just 0.21% ownership.
• Chevron increased its quarterly dividend to $1.78 ($7.12 annual), a yield of ~3.6%, while the payout ratio stands at about 106.9%.

Aquatic Capital Management LLC increased its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 234.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,846 shares of the oil and gas company's stock after buying an additional 179,308 shares during the period. Chevron comprises approximately 0.7% of Aquatic Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Aquatic Capital Management LLC's holdings in Chevron were worth $39,730,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in shares of Chevron during the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC lifted its stake 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 valued at $37,000 after buying an additional 118 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Chevron in the 3rd quarter worth about $41,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Chevron by 306.1% in 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 buying an additional 202 shares during the last quarter. Finally, Traub Capital Management LLC acquired a new stake in Chevron in the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider R. Hewitt Pate sold 47,200 shares of the business'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 sale, the insider directly owned 8,558 shares in the company, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,099,397 shares of company stock worth $196,196,468 in the last 90 days. Insiders own 0.21% of the company's stock.

Key Stories 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?

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVX. Zacks Research raised Chevron from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 23rd. Wells Fargo & Company increased their price objective on Chevron from $196.00 to $204.00 and gave the company an "overweight" rating in a research note on Monday, February 2nd. Argus set a $203.00 price objective on Chevron in a report on Tuesday, February 3rd. JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price on the stock in a research note on Tuesday, January 20th. Finally, Barclays upped their target price on shares of Chevron from $158.00 to $166.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 21st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $182.05.

Chevron Stock Down 0.0%

NYSE CVX opened at $196.95 on Friday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $198.88. 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 business's fifty day simple moving average is $177.33 and its 200-day simple moving average is $162.05. The firm has a market cap 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 (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 business had revenue of $45.79 billion during the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business's revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 EPS. As a group, equities analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

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