Chevron Corporation $CVX Shares Bought by Main Street Research LLC

Key Points

• Main Street Research LLC boosted its Chevron stake by 76.2% in Q3, buying 7,267 shares to hold 16,801 shares valued at about $2.61 million per its recent 13F filing.
• Large institutions own the bulk of CVX — Vanguard holds 183,790,028 shares (~$28.54B) and Berkshire Hathaway 122,064,792 shares (~$17.48B), with roughly 72.42% of the stock held by hedge funds and other institutional investors.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12) for a yield of 3.6%, though the payout ratio is elevated at 106.91%.

Main Street Research LLC increased its stake in Chevron Corporation (NYSE:CVX - Free Report) by 76.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,801 shares of the oil and gas company's stock after acquiring an additional 7,267 shares during the period. Main Street Research LLC's holdings in Chevron were worth $2,609,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CVX. Vanguard Group Inc. raised its stake in Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the period. Berkshire Hathaway Inc boosted its holdings in shares of Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company's stock valued at $17,478,458,000 after purchasing an additional 3,454,258 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Chevron by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company's stock valued at $4,979,255,000 after buying an additional 1,342,723 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Chevron by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company's stock worth $3,284,704,000 after buying an additional 325,255 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 worth $3,047,900,000 after buying an additional 4,279,918 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

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 recently weighed in on CVX. Wells Fargo & Company lifted their target price on Chevron from $196.00 to $204.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. Wall Street Zen upgraded Chevron from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Freedom Capital downgraded Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. Scotiabank reaffirmed a "sector perform" rating and issued a $168.00 price objective on shares of Chevron in a research note on Friday, January 16th. Finally, HSBC cut Chevron from a "buy" rating to a "hold" rating and set a $180.00 target price for the company. in a report on Monday, February 2nd. Thirteen equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $182.05.

Insider Buying and Selling at Chevron

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares of the company's stock, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,099,397 shares of company stock worth $196,196,468. Insiders own 0.21% of the company's stock.

Chevron Stock Down 0.0%

Shares of Chevron stock opened at $196.95 on Friday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $198.88. 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. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $177.33 and a 200 day moving average price of $162.02.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating 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%.The firm's revenue was down 10.2% compared to the same quarter last year. During the same period last year, the company posted $2.06 earnings per share. Equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Chevron's previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron's 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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