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

Oppenheimer Asset Management Inc. raised its position in shares of Chevron Corporation (NYSE:CVX) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 706,016 shares of the oil and gas company’s stock after purchasing an additional 4,437 shares during the quarter. Chevron comprises 1.3% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 9th largest holding. Oppenheimer Asset Management Inc.’s holdings in Chevron were worth $107,604,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Barlow Wealth Partners LLC raised its position in Chevron by 1.1% in the fourth quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC boosted its position in shares of Chevron by 6.1% during the 4th quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 61 shares in the last quarter. TigerOak Management L.L.C. grew its stake in shares of Chevron by 0.7% in the 4th quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company’s stock worth $1,375,000 after purchasing an additional 62 shares during the last quarter. Heritage Wealth Management Inc. grew its stake in shares of Chevron by 0.3% in the 4th quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company’s stock worth $3,642,000 after purchasing an additional 62 shares during the last quarter. Finally, Wilkins Miller Wealth Management LLC raised its holdings in shares of Chevron by 0.7% in the 4th quarter. Wilkins Miller Wealth Management LLC now owns 8,645 shares of the oil and gas company’s stock worth $1,318,000 after purchasing an additional 63 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research reports. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price for the company in a report on Thursday, April 9th. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus price target of $198.09.

Insider Transactions at Chevron

In other news, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the firm’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 sale, the chief executive officer 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 695,439 shares of company stock worth $131,274,332. 0.56% of the stock is currently owned by company insiders.

Chevron Price Performance

Shares of NYSE:CVX opened at $193.70 on Friday. The company’s fifty day moving average is $193.08 and its two-hundred day moving average is $171.09. The company has a market cap of $385.90 billion, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 0.71 and a beta of 0.60. Chevron Corporation has a 12-month low of $133.77 and a 12-month high of $214.71. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter last year, the firm posted $2.06 earnings per share. Chevron’s revenue was down 10.2% compared to the same quarter last year. Equities analysts expect that Chevron Corporation will post 14.13 earnings per share for the current fiscal year.

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.