Oppenheimer Asset Management Inc. Purchases 4,437 Shares of Chevron Corporation $CVX

Oppenheimer Asset Management Inc. grew its holdings in Chevron Corporation (NYSE:CVX) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 706,016 shares of the oil and gas company’s stock after purchasing an additional 4,437 shares during the quarter. Chevron makes up 1.3% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 9th largest position. Oppenheimer Asset Management Inc.’s holdings in Chevron were worth $107,604,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Secured Retirement Advisors LLC raised its stake in Chevron by 4.5% during the fourth quarter. Secured Retirement Advisors LLC now owns 10,028 shares of the oil and gas company’s stock worth $1,528,000 after acquiring an additional 436 shares in the last quarter. Sigma Planning Corp lifted its holdings in Chevron by 5.1% during the 4th quarter. Sigma Planning Corp now owns 80,592 shares of the oil and gas company’s stock valued at $12,283,000 after purchasing an additional 3,900 shares during the last quarter. Belleair Asset Management LLC acquired a new position in Chevron in the fourth quarter valued at about $520,000. North Star Investment Management Corp. grew its stake in Chevron by 0.6% during the fourth quarter. North Star Investment Management Corp. now owns 22,691 shares of the oil and gas company’s stock worth $3,458,000 after buying an additional 141 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in shares of Chevron by 2.2% during the fourth quarter. Laurel Wealth Advisors LLC now owns 27,277 shares of the oil and gas company’s stock worth $4,157,000 after buying an additional 596 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 0.8%

Shares of NYSE:CVX opened at $193.70 on Friday. The company has a 50 day moving average of $193.08 and a 200-day moving average of $171.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a one year low of $133.77 and a one year high of $214.71. The stock has a market cap of $385.90 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 0.71 and a beta of 0.60.

Chevron (NYSE:CVX) last posted its 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. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS. On average, sell-side analysts forecast that Chevron Corporation will post 14.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CVX. Jefferies Financial Group increased their price target on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Morgan Stanley boosted their price objective on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Sanford C. Bernstein raised their target price on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.09.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron and peers have resisted White House pressure to sharply boost output, a stance that supports higher crude prices and downstream margins for majors. Exxon and Chevron defy Trump pressure to boost oil production
• Positive Sentiment: Brent and WTI have surged amid Iran-related military option reports, keeping oil prices elevated — a direct tailwind to Chevron’s upstream cash flows and earnings potential. Brent Crude Spikes to $117 on Iran Military Option Reports
• Positive Sentiment: Some analysts have raised multi-year EPS forecasts for Chevron, reflecting a view that higher oil prices and operating discipline will sustain profits; analyst optimism can support multiple expansion. Chevron Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Sector products — including energy ETFs — are seeing renewed investor interest as a way to access higher oil prices with lower single-stock volatility; this can lift broad-sector flows that benefit Chevron indirectly. Buy This ETF if You Want to Benefit From High Oil Prices Without Wild Swings
• Negative Sentiment: CNBC reports Q1 profits down as the Iran war disrupted shipments and prior financial hedges were timed unfavorably, which squeezed near-term profitability despite higher spot prices. Exxon Mobil and Chevron earnings fall as Iran war disrupts oil shipments
• Negative Sentiment: Chevron’s formal Q1 release shows earnings fell to $2.2B ($1.11/sh) from $3.5B a year ago, with a $360M legal reserve and negative FX impacts; weaker reported and adjusted results are immediate headwinds to sentiment. Chevron Reports First Quarter 2026 Results

Insider Buying and Selling at Chevron

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 695,439 shares of company stock worth $131,274,332. 0.56% of the stock is currently owned by corporate insiders.

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.