Chiron Capital Management LLC Sells 5,196 Shares of Chevron Corporation $CVX

Key Points

• Chiron Capital reduced its Chevron stake by 58.7% in Q3, selling 5,196 shares and leaving 3,653 shares valued at about $567,000.
• Significant insider and institutional activity: insiders sold 1,099,397 shares worth $196.2M last quarter (including R. Hewitt Pate's 47,200-share sale and Andrew Benjamin Walz's 11,600-share sale), while institutions hold roughly 72.4% of the stock.
• Dividend and valuation backdrop: Chevron raised its quarterly dividend to $1.78 (annualized $7.12, ~3.6% yield) as analysts remain mixed and the stock trades near $200 after a sizable rally that some say may be stretched.

Chiron Capital Management LLC reduced its position in Chevron Corporation (NYSE:CVX - Free Report) by 58.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,653 shares of the oil and gas company's stock after selling 5,196 shares during the period. Chiron Capital Management LLC's holdings in Chevron were worth $567,000 at the end of the most recent reporting period.

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

Trending Headlines about 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?

Insider Buying and Selling at Chevron

In other news, insider R. Hewitt Pate sold 47,200 shares of the business's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the completion of the sale, the insider owned 8,558 shares of the company's stock, valued at $1,644,162.96. The trade was a 84.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of the company's stock in a transaction 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. Insiders sold 1,099,397 shares of company stock valued at $196,196,468 in the last quarter. Insiders own 0.21% of the company's stock.

Chevron Trading Down 0.0%

Shares of NYSE:CVX opened at $196.95 on Friday. The stock's 50-day simple moving average is $177.33 and its two-hundred day simple moving average is $162.05. The stock has a market capitalization of $393.00 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.98 and a beta of 0.67. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $198.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results 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. 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 prior year, the firm earned $2.06 EPS. The business's revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.6%. This is a positive change from Chevron's previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron's dividend payout ratio (DPR) is presently 106.91%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. BMO Capital Markets reissued an "outperform" rating and issued a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. Barclays raised their price target on shares of Chevron from $158.00 to $166.00 and gave the company an "equal weight" rating in a report on Wednesday, January 21st. Argus set a $203.00 price target on shares of Chevron in a research note on Tuesday, February 3rd. Freedom Capital cut shares of Chevron from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 6th. Finally, Wall Street Zen upgraded shares of Chevron from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Thirteen 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 stock has an average rating of "Hold" and a consensus price target of $182.05.

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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