Chevron Corporation $CVX Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lessened its holdings in shares of Chevron Corporation (NYSE:CVX) by 10.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,637 shares of the oil and gas company’s stock after selling 4,878 shares during the quarter. GAMMA Investing LLC’s holdings in Chevron were worth $6,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares during the period. Norges Bank acquired a new stake in shares of Chevron during the 2nd quarter worth approximately $2,721,477,000. State Street Corp raised its position in shares of Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares during the period. Primecap Management Co. CA bought a new stake in shares of Chevron in the 3rd quarter worth approximately $988,083,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Chevron by 27.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after purchasing an additional 4,279,918 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, insider R. Hewitt Pate sold 47,200 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the sale, the insider directly owned 8,558 shares in the company, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael K. Wirth sold 272,624 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the sale, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley lowered their price objective on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Citigroup raised their target price on Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Mizuho boosted their price target on shares of Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a report on Tuesday. Sanford C. Bernstein upped their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Finally, UBS Group reaffirmed a “buy” rating and issued a $212.00 price objective on shares of Chevron in a report on Monday, February 2nd. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $183.18.

Key Headlines Impacting Chevron

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?

Chevron Stock Up 1.4%

CVX opened at $201.35 on Friday. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $202.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market cap of $401.77 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.84 and a beta of 0.67. The stock’s 50 day moving average price is $180.53 and its 200 day moving average price is $163.12.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $48.18 billion. During the same quarter in the previous year, the firm posted $2.06 EPS. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. As a group, research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

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.