Chevron Corporation $CVX Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 17.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,828,843 shares of the oil and gas company’s stock after buying an additional 2,644,122 shares during the quarter. Chevron accounts for about 0.6% of Ameriprise Financial Inc.’s portfolio, making the stock its 16th largest holding. Ameriprise Financial Inc. owned about 0.89% of Chevron worth $2,768,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron in the third quarter worth $34,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the last quarter. Marquette Asset Management LLC acquired a new position in Chevron during the third quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Chevron by 306.1% in 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 during the last quarter. Finally, Traub Capital Management LLC purchased a new stake in Chevron in the second quarter valued at $46,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Down 0.0%

Shares of Chevron stock opened at $196.95 on Friday. The firm has a 50-day simple moving average of $177.33 and a two-hundred day simple moving average of $162.05. The company has a market cap of $393.00 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.67. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $198.88. 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 (NYSE:CVX) last posted its 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 firm had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. During the same period last year, the firm earned $2.06 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. As a group, equities analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given 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 yield of 3.6%. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Scotiabank reaffirmed a “sector perform” rating and set a $168.00 target price on shares of Chevron in a report on Friday, January 16th. Barclays lifted their price target on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Finally, TD Cowen boosted their price target on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Chevron presently has a consensus rating of “Hold” and an average target price of $182.05.

Insider Buying and Selling

In other news, insider R. Hewitt Pate sold 47,200 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the transaction, the insider owned 8,558 shares in the company, valued at $1,644,162.96. This trade represents a 84.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,099,397 shares of company stock valued at $196,196,468 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical-driven oil rally is lifting energy names like Chevron as investors position for tighter supply; this is a primary driver behind recent upside in CVX. Wall Street Roundup: War, Oil, Airlines, Energy, AI, Private Credit
• Positive Sentiment: Piper Sandler raised its price target to $242 and moved to an “overweight” rating, signaling notable analyst upside that can support further buying interest. Piper Sandler price target raise
• Positive Sentiment: Chevron expanded its U.S. deepwater exposure via recent Gulf of Mexico lease activity, reinforcing confidence in long-term upstream growth and reserves development. Chevron Expands Gulf of Mexico Presence With Latest Lease Sale
• Positive Sentiment: Unusual options flow showed heavy call buying (111,021 calls), indicating speculative/bullish positioning that can amplify near-term upside.
• Neutral Sentiment: Chevron agreed to sell its stakes in Angola Blocks 14/14K to Energean for about $260M — a small portfolio divestment that trims international exposure but provides cash for reallocation; impact is strategic rather than material to earnings. Energean to acquire Chevron’s stakes in offshore Angola blocks
• Neutral Sentiment: Worley won a FEED contract for Chevron’s Aphrodite gas field (Cyprus), confirming project progress; it’s a positive operational step but the contract award mainly benefits the supplier and signals Chevron advancing development plans. Worley secures contract from Chevron for Aphrodite gas field FEED
• Neutral Sentiment: Analyst and media coverage is debating valuation as CVX approaches $200 after a ~30% run in 2026; some see upside if oil holds, others warn the rally could be stretched. Chevron Near $200 While Oil Tops $100: Does CVX Merit a Buy?
• Negative Sentiment: Chevron faces a DOJ settlement: a $1M penalty and retirement of $3.6M in invalid renewable fuel credits — reputational and compliance negative, though the financial hit is modest. Chevron Hit With $1 Million Penalty Over Invalid Clean Fuel Credits
• Negative Sentiment: MarketBeat and technical indicators note momentum warnings (MACD/RSI weakening) and the IEA’s coordinated reserve releases could cap oil — if oil eases, Chevron’s rally could reverse quickly. Chevron Hits New Highs Due to Oil’s Rally, But Is It Sustainable?

Chevron Company 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.