710,571 Shares in Chevron Corporation $CVX Acquired by Oppenheimer Asset Management Inc.

Posted by George Bondi on Aug 15th, 2026

Oppenheimer Asset Management Inc. purchased a new stake in Chevron Corporation (NYSE:CVX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 710,571 shares of the oil and gas company’s stock, valued at approximately $117,784,000. Chevron makes up about 1.2% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 12th biggest position.

A number of other large investors have also recently bought and sold shares of the stock. Midwest Capital Advisors LLC bought a new position in shares of Chevron during the first quarter valued at $25,000. Core Wealth Advisors LLC bought a new stake in shares of Chevron in the 4th quarter worth about $26,000. Phillip James Consulting Co. bought a new stake in shares of Chevron in the 4th quarter worth about $26,000. Basso Capital Management L.P. bought a new stake in shares of Chevron in the 4th quarter worth about $27,000. Finally, Karpus Management Inc. acquired a new stake in shares of Chevron during the 4th quarter worth about $27,000. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CVX. UBS Group reissued a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. TD Cowen upped their price objective on shares of Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $216.00 price objective on shares of Chevron in a report on Friday, July 10th. Scotiabank lifted their target price on shares of Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $207.48.

Read Our Latest Research Report on CVX

Chevron Stock Performance

Shares of NYSE:CVX opened at $199.99 on Friday. The business has a fifty day moving average of $183.30 and a 200-day moving average of $186.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $214.71. The firm has a market cap of $395.13 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the company earned $1.77 EPS. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. On average, equities research analysts predict that Chevron Corporation will post 15.86 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. Chevron’s payout ratio is currently 68.26%.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 5,547 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $4,919,596. This represents a 17.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Hess sold 710,665 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the sale, the director directly owned 363,711 shares of the company’s stock, valued at approximately $70,596,305.10. This represents a 66.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,196,212 shares of company stock valued at $231,819,366. Insiders own 0.56% of the company’s stock.

Chevron Profile

(Free Report)

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.