Chevy Chase Trust Holdings LLC Acquires 127,686 Shares of Chevron Corporation $CVX

Key Points

• Chevy Chase Trust boosted its Chevron stake by 14.6%, acquiring 127,686 shares to hold 1,000,960 shares worth about $155.44 million per its latest 13F filing.
• Significant insider selling: CEO Michael Wirth and CFO Eimear Bonner moved large blocks (320,700 and 32,100 shares), and insiders sold 1,099,397 shares (~$196.2M) over the past 90 days, leaving insiders with 0.21% ownership.
• Market backdrop: CVX has rallied toward $200 with several analyst price-target upgrades (e.g., Piper to $242, Citi to $210) and a raised quarterly dividend of $1.78 (3.6% yield), though valuation and technical indicators suggest the rally may be stretched.

Chevy Chase Trust Holdings LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 14.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,000,960 shares of the oil and gas company's stock after buying an additional 127,686 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Chevron were worth $155,439,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Decker Retirement Planning Inc. bought a new position in Chevron in the third quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC raised its stake in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 118 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Chevron in the third quarter worth about $41,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of 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 valued at $42,000 after purchasing an additional 202 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $46,000. 72.42% of the stock is currently owned by institutional investors.

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?

Insider Activity

In related news, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction on Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the transaction, the chief executive officer owned 14,450 shares of the company's stock, valued at $2,355,205.50. This trade represents a 95.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eimear P. Bonner sold 32,100 shares of the company's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer directly owned 4,366 shares in the company, valued at $764,093.66. This trade represents a 88.03% 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 over the last ninety days. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CVX shares. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. upgraded shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price on the stock in a research report on Tuesday, January 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. UBS Group reiterated a "buy" rating and set a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. Finally, Citigroup increased their price target on Chevron from $179.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $182.05.

Chevron Price Performance

Chevron stock opened at $196.95 on Friday. The stock's 50 day moving average is $177.33 and its 200 day moving average is $162.05. Chevron Corporation has a one year low of $132.04 and a one year high of $198.88. The firm has a market cap of $393.00 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.67. 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 (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 analysts' consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the prior year, the firm posted $2.06 EPS. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

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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