Miller Global Investments LLC Makes New $798,000 Investment in Chevron Corporation $CVX

Key Points

• Miller Global Investments LLC initiated a new position in Chevron (NYSE:CVX), purchasing 5,239 shares valued at roughly $798,000 during the fourth quarter.
• Several analysts have raised price targets (e.g., Mizuho to $217, Wells Fargo to $204, Barclays to $180), yet the consensus rating remains a Hold with an average target of $183.18 (13 Buy, 7 Hold, 4 Sell).
• Significant insider selling occurred recently: CEO Michael K. Wirth sold 272,624 shares (~$51.6M) and Vice Chairman Mark A. Nelson sold 139,600 shares (~$26.2M), with insiders selling about 1,099,397 shares (~$196M) last quarter.

Miller Global Investments LLC bought a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,239 shares of the oil and gas company's stock, valued at approximately $798,000.

Other hedge funds have also modified their holdings of the company. United Bank increased its stake in shares of Chevron by 7.7% in the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company's stock valued at $1,586,000 after buying an additional 796 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company's stock valued at $7,280,000 after acquiring an additional 4,214 shares during the period. Inspire Advisors LLC boosted its holdings in Chevron by 7.0% in the second quarter. Inspire Advisors LLC now owns 2,261 shares of the oil and gas company's stock valued at $324,000 after acquiring an additional 148 shares during the last quarter. Traub Capital Management LLC bought a new position in Chevron in the second quarter valued at about $46,000. Finally, TD Waterhouse Canada Inc. increased its position in Chevron by 1.6% in the second quarter. TD Waterhouse Canada Inc. now owns 134,925 shares of the oil and gas company's stock worth $19,624,000 after purchasing an additional 2,135 shares during the period. 72.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CVX. Mizuho boosted their price objective on Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a report on Tuesday. Barclays lifted their price target on shares of Chevron from $172.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Monday. Sanford C. Bernstein boosted their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a research note on Monday, January 5th. Wells Fargo & Company increased their price objective on shares of Chevron from $196.00 to $204.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. Finally, Argus set a $203.00 price objective on shares of Chevron in a research note on Tuesday, February 3rd. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Chevron currently has an average rating of "Hold" and a consensus target price of $183.18.

Chevron Price Performance

Shares of CVX opened at $201.35 on Friday. The stock has a market cap of $401.77 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 1.84 and a beta of 0.67. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $202.44. The stock's 50-day moving average price is $180.53 and its two-hundred day moving average price is $163.12. 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 announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion during the quarter, compared to analysts' expectations of $48.18 billion. During the same period in the prior year, the business posted $2.06 EPS. Chevron's revenue was down 10.2% on a year-over-year basis. On average, equities analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced 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 a boost from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron's payout ratio is currently 106.91%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron outperformed the wider market today as demand for energy and stronger crude prices lifted integrated oil majors; Zacks highlights CVX’s intraday gain and renewed investor interest. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Chevron is benefiting from a broader energy rally that’s boosted major holdings in portfolios like Berkshire Hathaway’s; CVX’s YTD performance and sector momentum are drawing institutional attention and helping push the share price up. Berkshire’s Energy Stocks Are Rallying. But an ETF Would’ve Done Better.
• Positive Sentiment: Broker coverage is supportive: recent forecasts from banks (Mizuho, Barclays) project strong price appreciation for CVX, reinforcing buy-side conviction and likely contributing to inflows. Mizuho Forecasts Strong Price Appreciation for Chevron NYSE: CVX Stock
• Neutral Sentiment: Chevron Technology Ventures joined a $35M funding round for KEWAZO, a heavy-industry robotics firm — a strategic, small-scale investment that supports operational efficiency but is unlikely to move near-term earnings. Chevron Technology Ventures, Asahi Kasei Invest in Heavy-Industry Robotics Company KEWAZO
• Neutral Sentiment: Retail-focused pieces show strong YTD returns for CVX (e.g., “$1,000 invested since Jan 1” write-ups), which can amplify momentum trading but are descriptive rather than fundamental drivers. If you invested $1,000 in Chevron stock at the start of 2026, here’s your return now
• Negative Sentiment: Operational/legal and geopolitical risks remain: Chevron disclosed a settlement over invalid renewable fuel credits and has warned of supply risks tied to Middle East disruptions — items that could pressure costs or create volatility if escalations occur. Is Chevron (CVX) Balancing Dividend Strength With Rising Geopolitical Risk In Its Energy Strategy?

Insider Buying and Selling

In other news, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction on 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 transaction, the chief executive officer directly owned 31,266 shares of the company's stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider directly owned 11,337 shares of the company's stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,099,397 shares of company stock valued at $196,196,468. 0.21% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.