Meeder Advisory Services Inc. bought a new position in shares of Chevron Corporation (NYSE:CVX – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 39,198 shares of the oil and gas company’s stock, valued at approximately $6,497,000.
A number of other large investors have also added to or reduced their stakes in CVX. Midwest Capital Advisors LLC acquired a new position in shares of Chevron in the first quarter worth about $25,000. Core Wealth Advisors LLC bought a new stake in Chevron during the fourth quarter valued at $26,000. Phillip James Consulting Co. bought a new position in Chevron in the fourth quarter worth about $26,000. Basso Capital Management L.P. acquired a new position in Chevron during the 4th quarter valued at approximately $27,000. Finally, Karpus Management Inc. bought a new position in shares of Chevron during the fourth quarter worth about $27,000. 72.42% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Chevron
In related news, Director John B. Hess sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares of the company’s stock, valued at $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of Chevron stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,133,312 shares of company stock valued at $221,969,232. Insiders own 0.56% of the company’s stock.
Key Chevron News
- Positive Sentiment: Chevron reported an oil and gas condensate discovery at the 105-4X exploration well in offshore Angola’s Block 0. The well encountered a hydrocarbon column exceeding 600 meters, with more than 90 meters of net pay; its proximity to existing infrastructure could enable a lower-cost tie-back and support future production growth. Chevron finds oil, gas condensate offshore Angola
- Positive Sentiment: Equinor agreed to acquire a 17.4% interest in Chevron-operated petroleum exploration licence PEL 90 offshore Namibia. The deal brings a major partner into the Orange Basin, helps share exploration costs and supports plans to drill during 2026 while Chevron retains operatorship. Norway’s Equinor takes stake in Chevron Namibia exploration licence
- Positive Sentiment: Unusually heavy call-option activity indicated increased bullish interest in CVX, with 62,675 calls purchased—about 45% above average daily volume.
- Neutral Sentiment: Recent investor commentary continues to highlight Chevron’s appeal as a reliable dividend stock, but energy-sector income and valuation remain sensitive to oil and natural-gas prices.
- Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported ownership by 92.34%. While insider sales can be scheduled or personal, the size of the transaction may weigh on sentiment. Chevron CEO Form 4 filing
- Negative Sentiment: A retreat in oil prices pressured the stock by reducing the near-term outlook for upstream revenue and cash flow, partially offsetting the benefit of Chevron’s exploration news. Chevron Corporation drops as oil price retreats
Analyst Upgrades and Downgrades
Several brokerages have commented on CVX. Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Barclays decreased their price objective on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday. Sanford C. Bernstein raised their target price on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. TD Cowen lifted their target price on Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 price target on shares of Chevron in a research note on Tuesday, May 5th. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.13.
Chevron Trading Up 1.5%
Chevron stock opened at $205.77 on Wednesday. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $214.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market capitalization of $406.55 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49. The firm has a 50 day simple moving average of $183.95 and a 200-day simple moving average of $187.50.
Chevron (NYSE:CVX – Get Free Report) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 earnings per share. As a group, equities research analysts expect that Chevron Corporation will post 15.86 EPS for the current fiscal year.
Chevron Dividend Announcement
The company also recently disclosed 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. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s payout ratio is currently 68.26%.
About Chevron
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.
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