Chevron Corporation $CVX Shares Sold by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC cut its stake in Chevron by 45.5% in Q4, selling 56,935 shares and ending the quarter with 68,077 shares valued at about $10.38 million.
• Insider selling has been heavy — insiders disposed of 1,099,397 shares worth roughly $196.2 million over the last quarter, including Vice Chairman Mark A. Nelson's sale of 139,600 shares and Andrew B. Walz's sale of 11,600 shares.
• Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.4% yield) while analysts remain mixed: several firms lifted price targets (e.g., Morgan Stanley to $212, Mizuho to $217) but the consensus rating is a "Hold" with an average target of $186.50.

Exchange Traded Concepts LLC lessened its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,077 shares of the oil and gas company's stock after selling 56,935 shares during the quarter. Exchange Traded Concepts LLC's holdings in Chevron were worth $10,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CVX. Decker Retirement Planning Inc. acquired a new position in Chevron in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new stake in shares of Chevron in the 3rd quarter worth $41,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 202 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of Chevron in the second quarter valued at about $49,000. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Chevron during the third quarter worth about $49,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Andrew Benjamin Walz sold 11,600 shares of the firm'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value 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. This represents a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,099,397 shares of company stock worth $196,196,468. 0.20% of the stock is owned by insiders.

Chevron Stock Up 0.1%

Shares of NYSE CVX opened at $211.31 on Monday. The stock has a market capitalization of $421.64 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.76 and a beta of 0.67. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $212.46. The firm has a 50-day moving average price of $185.52 and a 200 day moving average price of $165.26. 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 earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping 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 company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period in the prior year, the business posted $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 anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's payout ratio is currently 106.91%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Australian cyclone knocked out production at major LNG hubs, tightening global gas supply and supporting higher energy prices, a tailwind for Chevron’s commodity-linked cash flow. Cyclone Causes Outages at Australia’s Top LNG Projects
• Positive Sentiment: Morgan Stanley raised its price target to $212 and set an "overweight" rating, signaling buy-side support and helping push CVX higher. Benzinga: Morgan Stanley price target
• Positive Sentiment: Bernstein also lifted its price target on Chevron amid a stronger crude backdrop, reinforcing the narrative that majors benefit from the current oil rally. MSN: Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2026/FY2027 EPS forecasts for Chevron, reflecting better-than-expected earnings power as oil prices stay elevated. MarketBeat: Erste Group EPS revisions
• Positive Sentiment: Market positioning has shifted to defensive, dividend-paying sectors; several market roundups note oil majors including CVX outperforming amid geopolitical risk. Seeking Alpha: Market shifts to defense
• Positive Sentiment: Multiple outlets and analysts praise Chevron’s low breakeven, high-quality asset base and dividend profile, which supports momentum and income-focused buying. Zacks: Chevron momentum
• Neutral Sentiment: Chevron reported production outages at its Australian Gorgon and Wheatstone facilities tied to the cyclone — positive for global price signals but a near-term hit to CVX production, leaving the net impact mixed. Reuters: Chevron outage
• Neutral Sentiment: Consensus brokerage coverage remains around "hold" even as some firms raise targets — suggests upside is recognized but some caution persists. AmericanBankingNews: Consensus hold
• Negative Sentiment: Political/insider optics: a U.S. Representative who publicly backed military action sold Chevron stock at all-time highs, drawing negative headlines and governance/PR risk. Benzinga: Congressman sold Chevron stock
• Negative Sentiment: Analyst commentary raises macro risk scenarios (e.g., high oil in $130–$140 range) that could hurt economic growth and introduce volatility—even if commodity-linked cash flows initially rise. Seeking Alpha: $130-$140 oil risks

Analyst Ratings Changes

CVX has been the subject of several analyst reports. Sanford C. Bernstein increased their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a report on Monday, January 5th. Morgan Stanley boosted their target price on Chevron from $174.00 to $212.00 and gave the stock an "overweight" rating in a research report on Friday. Freedom Capital downgraded Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Mizuho raised their price target on Chevron from $206.00 to $217.00 and gave the company an "outperform" rating in a report on Tuesday, March 17th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Chevron in a research note on Wednesday, January 21st. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Chevron has a consensus rating of "Hold" and an average price target of $186.50.

Chevron 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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