Cinctive Capital Management LP Takes $6.80 Million Position in Chevron Corporation $CVX

Key Points

• Cinctive Capital Management opened a new position in Chevron (CVX), buying 43,768 shares worth about $6.8 million in the third quarter per its 13F filing.
• Significant insider selling: R. Hewitt Pate sold 47,200 shares (~$9.07M) and CEO Michael K. Wirth sold 272,624 shares (~$51.62M), with insiders unloading ~1,099,397 shares (~$196.2M) over the last quarter and now owning just 0.21% of the stock.
• Dividend increase and valuation notes: Chevron raised its quarterly dividend to $1.78 ($7.12 annual, ~3.6% yield) while trading near $197 with a PE of ~29.6 and mixed analyst views on whether the recent rally is sustainable.

Cinctive Capital Management LP purchased a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 43,768 shares of the oil and gas company's stock, valued at approximately $6,797,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVX. Vishria Bird Financial Group LLC raised its stake in shares of Chevron by 1.2% during the third quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company's stock valued at $821,000 after purchasing an additional 65 shares during the period. Nexus Investment Management ULC boosted its stake in shares of Chevron by 0.9% in the third quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company's stock valued at $1,187,000 after purchasing an additional 65 shares during the period. Scott & Selber Inc. boosted its stake in shares of Chevron by 0.5% in the third quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company's stock valued at $2,079,000 after purchasing an additional 65 shares during the period. White Knight Strategic Wealth Advisors LLC grew its holdings in Chevron by 3.0% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company's stock valued at $319,000 after purchasing an additional 65 shares in the last quarter. Finally, William B. Walkup & Associates Inc. grew its holdings in Chevron by 1.0% during the 3rd quarter. William B. Walkup & Associates Inc. now owns 6,356 shares of the oil and gas company's stock valued at $987,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insider Buying and Selling at Chevron

In related news, insider R. Hewitt Pate sold 47,200 shares of the company's stock in a transaction dated 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 sale, the insider owned 8,558 shares of the company's stock, valued at $1,644,162.96. This represents a 84.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the transaction, the chief executive officer owned 31,266 shares of the company's stock, valued at $5,920,217.10. This represents a 89.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,099,397 shares of company stock valued at $196,196,468. 0.21% of the stock is currently owned by insiders.

Chevron Stock Performance

Shares of NYSE CVX opened at $196.95 on Friday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $198.88. The company has a market cap of $393.00 billion, a PE ratio of 29.57, a P/E/G ratio of 1.98 and a beta of 0.67. The stock has a 50 day simple moving average of $177.33 and a 200-day simple moving average of $162.05. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX - Get Free Report) last posted its 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. The firm had revenue of $45.79 billion for the quarter, compared to analysts' expectations 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 firm earned $2.06 EPS. On average, equities research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Chevron's previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron's dividend payout ratio is 106.91%.

Wall Street Analysts Forecast Growth

CVX has been the topic of several analyst reports. Freedom Capital downgraded shares of Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Zacks Research upgraded Chevron from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 23rd. JPMorgan Chase & Co. raised Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price on the stock in a report on Tuesday, January 20th. Wall Street Zen upgraded Chevron from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Barclays upped their price target on Chevron from $158.00 to $166.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $182.05.

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?

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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