Chevron Corporation $CVX Stock Purchased by Partners Wealth Management LLC

Posted by Brian Himes on Oct 31st, 2026

Partners Wealth Management LLC increased its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 136.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,236 shares of the oil and gas company’s stock after purchasing an additional 3,604 shares during the period. Partners Wealth Management LLC’s holdings in Chevron were worth $1,273,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Chevron in the 2nd quarter worth $25,663,729,000. Bank of New York Mellon Corp bought a new stake in Chevron during the second quarter valued at about $2,378,114,000. Legal & General Group Plc purchased a new position in shares of Chevron in the second quarter valued at about $1,462,412,000. Deutsche Bank AG purchased a new position in shares of Chevron in the second quarter valued at about $1,189,577,000. Finally, State Street Corp lifted its position in shares of Chevron by 3.9% in the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after acquiring an additional 5,998,852 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 1.8%

Shares of CVX stock opened at $235.62 on Friday. The company’s fifty day simple moving average is $213.16 and its two-hundred day simple moving average is $193.07. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $236.48. The stock has a market cap of $465.53 billion, a P/E ratio of 22.59, a PEG ratio of 0.55 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.87 by $0.41. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm had revenue of $65.24 billion during the quarter, compared to analyst estimates of $61.82 billion. During the same quarter last year, the business posted $1.85 earnings per share. The business’s quarterly revenue was up 36.3% compared to the same quarter last year. Analysts predict that Chevron Corporation will post 18.20 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Hess sold 710,665 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the sale, the director directly owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,195,682 shares of company stock worth $235,619,780. 0.56% of the stock is currently owned by insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Quarterly earnings exceeded expectations. Chevron reported adjusted earnings of $5.28 per share, above the roughly $4.87-$4.89 analyst consensus, while revenue reached $65.24 billion versus estimates of $61.82 billion. Adjusted earnings of approximately $10.4 billion nearly tripled from a year earlier. Chevron tops Q3 expectations on higher downstream profit
Positive Sentiment: Refining was the standout business. Downstream earnings climbed to nearly $4.9 billion from about $1.1 billion a year earlier as refinery outages and conflicts involving Iran and Russia reduced fuel supplies and lifted margins. Chevron beats earnings expectations as refining profits soar
Positive Sentiment: Cash generation and the balance sheet improved. Chevron generated roughly $12 billion of free cash flow and $16 billion of operating cash flow, while reducing net debt by about $7.8 billion. This supports dividends, potential buybacks and future investment. Chevron’s profit nearly tripled from a year ago
Neutral Sentiment: Analyst sentiment has become more constructive. One valuation estimate increased from $227.71 to $232.50, with higher oil-price assumptions, strong refining results and possible Venezuela-related upside supporting revised targets. However, the stock’s rally has reduced its dividend yield for new investors. Chevron stock fair value edges higher
Negative Sentiment: Investors face risks beyond the strong quarter. Chevron warned that downtime could reduce fourth-quarter production by approximately 225,000 barrels of oil equivalent per day. In addition, refining profits may normalize if geopolitical disruptions ease, while the stock’s elevated valuation and lingering questions about buybacks could limit further upside. Chevron says downtime could hit Q4 output

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Chevron from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Argus lifted their target price on Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Raymond James Financial lowered their price target on Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. William Blair assumed coverage on Chevron in a research note on Wednesday. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $241.00 price target on shares of Chevron in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.96.

Read Our Latest Stock Analysis on Chevron

Chevron Profile

(Free Report)

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.