Chevron Corporation $CVX Shares Bought by Chilton Investment Co. Inc.

Key Points

• Chilton Investment Co. Inc. boosted its Chevron stake by 233.9% in Q3 to 61,884 shares (about $9.61 million), and institutional investors now own 72.42% of CVX.
• Corporate insiders have been net sellers, offloading 1,099,397 shares valued at approximately $196.2 million over the last quarter (including R. Hewitt Pate’s 47,200‑share sale).
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12) for a ~3.6% yield, though the payout ratio is elevated at 106.91%.

Chilton Investment Co. Inc. lifted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 233.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,884 shares of the oil and gas company's stock after acquiring an additional 43,350 shares during the quarter. Chilton Investment Co. Inc.'s holdings in Chevron were worth $9,610,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Bank of Nova Scotia boosted its holdings in Chevron by 81.6% in the third quarter. Bank of Nova Scotia now owns 493,045 shares of the oil and gas company's stock valued at $76,565,000 after purchasing an additional 221,602 shares during the last quarter. Bcwm LLC increased its holdings in Chevron by 0.5% during the 3rd quarter. Bcwm LLC now owns 33,524 shares of the oil and gas company's stock worth $5,206,000 after purchasing an additional 156 shares during the last quarter. Beck Mack & Oliver LLC raised its position in shares of Chevron by 89.3% in the 3rd quarter. Beck Mack & Oliver LLC now owns 19,382 shares of the oil and gas company's stock valued at $3,010,000 after purchasing an additional 9,145 shares in the last quarter. Boothbay Fund Management LLC raised its position in shares of Chevron by 221.9% in the 3rd quarter. Boothbay Fund Management LLC now owns 5,900 shares of the oil and gas company's stock valued at $916,000 after purchasing an additional 4,067 shares in the last quarter. Finally, Aquatic Capital Management LLC boosted its stake in shares of Chevron by 234.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 255,846 shares of the oil and gas company's stock valued at $39,730,000 after buying an additional 179,308 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Activity

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the firm's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R. Hewitt Pate sold 47,200 shares of Chevron 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 transaction, the insider owned 8,558 shares of the company's stock, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,099,397 shares of company stock valued at $196,196,468 over the last quarter. Corporate insiders own 0.21% of the company's stock.

Chevron Stock Performance

Shares of CVX opened at $196.95 on Friday. The stock 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 business's fifty day moving average price is $177.33 and its 200 day moving average price is $162.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. 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 released its 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. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm's revenue for the quarter was down 10.2% compared to the same quarter last year. Equities research analysts forecast that Chevron Corporation will post 10.79 EPS 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. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Chevron's previous quarterly dividend of $1.71. Chevron's payout ratio is currently 106.91%.

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?

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CVX shares. Morgan Stanley decreased their price target on shares of Chevron from $180.00 to $174.00 and set an "overweight" rating for the company in a research report on Friday, January 23rd. HSBC cut shares of Chevron from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a report on Monday, February 2nd. Piper Sandler raised their price objective on shares of Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a report on Thursday. Bank of America boosted their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Finally, Barclays upped 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. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $182.05.

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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