Hedge Funds and Wealth Managers Disclose Third-Quarter Buying in Chevron

Viking Fund Management raises Chevron stake by 3.1%

Viking Fund Management LLC bought an additional 6,000 shares of Chevron Corporation (NYSE:CVX) during the third quarter, lifting its holdings to 199,500 shares valued at approximately $40.74 million, according to the firm's most recent 13F filing with the Securities and Exchange Commission, as reported by MarketBeat on Oct. 16, 2026. Chevron now represents 3.3% of Viking Fund Management's portfolio and ranks as its fourth-largest position.

B.A. Schrock Wealth Management initiates a new position

B.A. Schrock Wealth Management Inc. opened a new stake in Chevron during the third quarter, purchasing 16,149 shares valued at approximately $3.345 million, the firm disclosed in its latest 13F filing with the SEC. The position was reported separately by MarketBeat and by Defense World on Oct. 16, 2026.

Other institutional moves in CVX during the quarter

Multiple other asset managers adjusted their Chevron holdings in the third quarter, according to the same filings. Howard Financial Services LTD raised its position by 8.6% to 5,836 shares worth about $1.192 million; ZWJ Investment Counsel Inc. increased its stake by 3.8% to 272,206 shares valued at roughly $55.587 million; Mather Group LLC. boosted its holdings by 77.3% to 89,259 shares worth about $18.391 million; Hudock Inc. grew its position by 5.3% to 21,104 shares worth about $4.363 million; and West Wealth Group LLC lifted its stake by 9.1% to 2,651 shares worth about $541,000. Institutional investors and hedge funds collectively own 72.42% of Chevron's stock, per the same filings.

Chevron share price and income profile at the time of the filings

Chevron shares opened at $219.51 on Friday, with a 12-month trading range of $146.49 to $223.46, MarketBeat reported. The company pays a quarterly dividend of $1.78 per share, equal to a $7.12 annualized payout and a 3.2% yield, the same coverage noted.

Next verifiable data point

Investors will look to Chevron's next quarterly earnings release for confirmation of the income and cash-flow trajectory that has driven the recent institutional buying disclosed in the 13F filings.