Chevron Corporation $CVX Stock: University of Texas Texas AM Investment Management Co. Grows Stake

Posted by Brian Himes on Nov 9th, 2026

University of Texas Texas AM Investment Management Co. boosted its position in Chevron Corporation (NYSE:CVX – Free Report) by 245.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 71,261 shares of the oil and gas company’s stock after purchasing an additional 50,617 shares during the period. Chevron comprises approximately 1.8% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 12th largest position. University of Texas Texas AM Investment Management Co.’s holdings in Chevron were worth $14,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Almanack Investment Partners LLC. grew its stake in shares of Chevron by 1.4% during the third quarter. Almanack Investment Partners LLC. now owns 5,602 shares of the oil and gas company’s stock valued at $1,144,000 after buying an additional 76 shares during the last quarter. BCS Wealth Management increased its holdings in shares of Chevron by 4.4% in the third quarter. BCS Wealth Management now owns 4,633 shares of the oil and gas company’s stock worth $946,000 after buying an additional 196 shares during the period. Elite Wealth Management Inc. lifted its stake in shares of Chevron by 2,170.0% in the 3rd quarter. Elite Wealth Management Inc. now owns 36,819 shares of the oil and gas company’s stock valued at $7,519,000 after acquiring an additional 35,197 shares during the last quarter. M Holdings Securities Inc. bought a new stake in shares of Chevron in the 3rd quarter valued at about $8,542,000. Finally, Avantax Planning Partners Inc. lifted its stake in shares of Chevron by 2.8% in the 3rd quarter. Avantax Planning Partners Inc. now owns 62,970 shares of the oil and gas company’s stock valued at $12,859,000 after acquiring an additional 1,691 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Price Performance

Shares of Chevron stock opened at $212.66 on Monday. The company’s fifty day simple moving average is $214.91 and its two-hundred day simple moving average is $194.40. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $236.48. The firm has a market cap of $420.17 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.50 and a beta of 0.47. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.87 by $0.41. The firm had revenue of $65.24 billion during the quarter, compared to the consensus estimate of $61.82 billion. Chevron had a net margin of 11.56% and a return on equity of 14.49%. The company’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, equities analysts expect that Chevron Corporation will post 18.56 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 annualized dividend and a dividend yield of 3.3%. Chevron’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

CVX has been the subject of several analyst reports. William Blair initiated coverage on Chevron in a report on Wednesday, October 28th. They set an “outperform” rating for the company. Wells Fargo & Company lifted their price target on Chevron from $230.00 to $268.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $241.00 price objective on shares of Chevron in a research report on Tuesday, October 20th. BNP Paribas Exane lowered their price objective on Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, Bank of America increased their price objective on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.88.

View Our Latest Analysis on Chevron

More Chevron News

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron was upgraded by Freedom Broker from “sell” to “hold,” with a $218 price target. The change signals less bearishness, though the target implies only modest upside from the cited share price. Freedom Broker rating
Positive Sentiment: Natural-gas production topped 9 billion cubic feet per day in the third quarter, supported by operations in Australia and the Eastern Mediterranean. Record output could strengthen Chevron’s position in the liquefied natural gas market, despite operational disruptions. Zacks article on gas production
Positive Sentiment: Recent coverage points to record cash flow and a run of earnings beats as reasons to consider CVX for the long term. Chevron’s latest reported quarter also exceeded analyst expectations for earnings and revenue, supporting the fundamental case. 247WallSt analysis
Neutral Sentiment: An executive reported selling 24,439 shares in an option exercise-and-sale transaction. The report alone does not establish a change in the company’s outlook. Insider transaction report
Negative Sentiment: Coverage says a post-election political shift sent oil prices lower, dragging energy stocks, including Chevron. A separate analyst downgrade also contributed to reported share-price pressure, highlighting sensitivity to oil-market expectations and cautious ratings. Report on analyst downgrade

Insider Buying and Selling

In other Chevron news, insider R. Pate sold 40,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the completion of the transaction, the insider owned 8,791 shares of the company’s stock, valued at $1,992,480.15. This represents a 82.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrew Walz sold 16,800 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 379,470 shares of company stock valued at $77,216,415 over the last ninety days. 0.56% of the stock is owned by insiders.

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.