Fort Washington Investment Advisors Inc. OH Boosts Stake in Chevron Corporation $CVX

Key Points

• Fort Washington Investment Advisors raised its Chevron stake by 2.0% in Q4 to 484,927 shares, worth about $73.9 million, and institutional investors now own roughly 72.42% of CVX.
• Insiders have been heavy sellers: CEO Michael K. Wirth sold 320,700 shares and insiders disposed of 1,099,397 shares worth $196.2 million over the last three months, leaving insiders with just 0.21% ownership.
• Analyst views and payouts are mixed-to-more-positive (Piper Sandler raised its target to $242 while consensus remains a "Hold" at $186.50); Chevron also raised its quarterly dividend to $1.78 (3.4% yield) and reported an EPS beat of $1.52 vs. $1.44.

Fort Washington Investment Advisors Inc. OH raised its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,927 shares of the oil and gas company's stock after buying an additional 9,669 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Chevron were worth $73,908,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CVX. Decker Retirement Planning Inc. purchased a new position in shares of Chevron in the third quarter valued at $34,000. Marquette Asset Management LLC bought a new stake in Chevron in the third quarter worth $41,000. Barnes Dennig Private Wealth Management LLC raised its stake in 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 purchasing an additional 202 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in Chevron during the second quarter valued at $49,000. Finally, Turning Point Benefit Group Inc. bought a new position in Chevron during the third quarter valued at $49,000. Institutional investors own 72.42% of the company's stock.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the business's stock in a transaction that occurred on Monday, January 5th. The stock was 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 in the company, valued at $2,355,205.50. The trade was 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 this link. Also, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares in the company, valued at approximately $1,614,466.70. The trade was a 87.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,099,397 shares of company stock worth $196,196,468 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on shares of Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Scotiabank reaffirmed a "sector perform" rating and issued a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Zacks Research raised Chevron from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 23rd. Finally, Mizuho upped their price objective on Chevron from $206.00 to $217.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $186.50.

Chevron News Summary

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

Chevron Trading Up 1.7%

CVX stock opened at $211.31 on Friday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $212.46. 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 1.73 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The firm's fifty day simple moving average is $185.52 and its two-hundred day simple moving average is $165.14.

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 (EPS) 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 firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter last year, the business earned $2.06 EPS. The business's revenue was down 10.2% on a year-over-year basis. As a group, analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

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

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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