USA Financial Formulas Takes Position in Chevron Corporation $CVX

Posted by Francis Steltz on Aug 16th, 2026

USA Financial Formulas bought a new stake in shares of Chevron Corporation (NYSE:CVX – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,598 shares of the oil and gas company’s stock, valued at approximately $538,000.

Other large investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new position in shares of Chevron in the 1st quarter valued at approximately $25,000. Core Wealth Advisors LLC purchased a new stake in Chevron in the fourth quarter worth $26,000. Phillip James Consulting Co. purchased a new stake in Chevron in the fourth quarter worth $26,000. Basso Capital Management L.P. bought a new position in Chevron in the fourth quarter worth $27,000. Finally, Karpus Management Inc. bought a new position in Chevron in the fourth quarter worth $27,000. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CVX. Royal Bank Of Canada reissued an “outperform” rating and set a $220.00 price objective on shares of Chevron in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday. Mizuho set a $224.00 target price on shares of Chevron in a report on Monday, August 3rd. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein upped their price target on Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.48.

Get Our Latest Research Report on CVX

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 5,547 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $4,919,596. The trade was a 17.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Hess sold 710,665 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,196,212 shares of company stock valued at $231,819,366 over the last three months. 0.56% of the stock is owned by corporate insiders.

Chevron Trading Up 1.2%

Shares of NYSE:CVX opened at $199.99 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The company has a market cap of $395.13 billion, a P/E ratio of 19.17, a PEG ratio of 0.61 and a beta of 0.49. The stock’s fifty day moving average price is $183.30 and its 200-day moving average price is $186.88.

Chevron (NYSE:CVX – Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. Sell-side analysts expect that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.78 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. Chevron’s payout ratio is currently 68.26%.

Chevron Company Profile

(Free Report)

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.