Oak Thistle LLC Has $2.21 Million Stake in Chevron Corporation $CVX

Oak Thistle LLC trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 22.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,489 shares of the oil and gas company’s stock after selling 4,252 shares during the period. Oak Thistle LLC’s holdings in Chevron were worth $2,208,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CVX. United Bank raised its position in shares of Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. raised its position in Chevron by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after buying an additional 4,214 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Chevron by 1.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 24,271 shares of the oil and gas company’s stock valued at $3,475,000 after buying an additional 455 shares during the last quarter. Sentinus LLC raised its position in Chevron by 3.9% in the 2nd quarter. Sentinus LLC now owns 2,481 shares of the oil and gas company’s stock valued at $355,000 after buying an additional 94 shares during the last quarter. Finally, Lombard Odier Asset Management Switzerland SA purchased a new stake in Chevron in the 2nd quarter valued at $1,443,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of NYSE:CVX opened at $192.81 on Thursday. The company has a market capitalization of $384.74 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60. The company’s 50-day moving average is $190.88 and its 200 day moving average is $167.59. 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 Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $214.71.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. On average, equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently declared 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. The ex-dividend date 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 3.7%. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CVX shares. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target for the company in a research report on Tuesday, January 20th. Bank of America increased their price target on Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Barclays increased their price target on Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Finally, Scotiabank raised Chevron to a “hold” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.64.

Insider Activity at Chevron

In related news, CFO Eimear P. Bonner sold 32,100 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the transaction, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. The trade was a 87.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 782,607 shares of company stock valued at $146,510,571 in the last 90 days. 0.21% of the stock is currently owned by company insiders.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron resumed natural gas output at the Leviathan offshore field after a 33‑day halt, lifting capacity and reinforcing its LNG and Eastern Mediterranean supply role — a near‑term boost to volumes and strategic positioning. Read More.
• Positive Sentiment: BMO Capital raised its price target on CVX to $205 and kept an Outperform rating, reflecting upside in Chevron’s cash returns and resilience despite an uncertain oil price range. Read More.
• Positive Sentiment: Erste Group boosted its FY2026 EPS forecast for Chevron, signaling some analyst upward revisions to earnings expectations as company fundamentals and higher commodity prices support cash flow. Read More.
• Neutral Sentiment: Longer‑term bullish research pieces highlight Chevron as a durable dividend and integrated energy exposure play (LNG + upstream), supporting buy‑and‑hold interest even amid short‑term volatility. Read More.
• Neutral Sentiment: Rising oil pushed option premiums wider, prompting some traders to favor covered‑call and cash‑secured‑put strategies on CVX — a sign of elevated volatility rather than a directional signal. Read More.
• Negative Sentiment: Market reaction to a two‑week US‑Iran ceasefire sent oil prices lower and triggered a pullback in Chevron shares as investors price in a reduced near‑term supply shock. Several news outlets flagged CVX among stocks sliding despite a broader market rally. Read More.
• Negative Sentiment: Despite the ceasefire, geopolitical risk remains: recent drone strikes on Saudi Arabia’s East‑West pipeline and political comments suggesting the truce is fragile keep a risk premium on energy — this uncertainty can quickly re‑tighten or loosen oil prices and fuel volatility in CVX. Read More.
• Negative Sentiment: Market commentary (Barron’s, Investopedia, The Motley Fool) notes today may mark a rotational pullback for energy after March’s rally — analysts warn gains could be tested if oil stabilizes lower, pressuring CVX near term. Read More.

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.