2,574 Chevron Corporation $CVX Shares Sold by Kestra Investment Management LLC

Posted by Francis Steltz on Nov 12th, 2026

Kestra Investment Management LLC trimmed its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 44.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,221 shares of the oil and gas company’s stock after selling 2,574 shares during the period. Kestra Investment Management LLC’s holdings in Chevron were worth $658,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gemmer Asset Management LLC increased its holdings in shares of Chevron by 1.1% in the third quarter. Gemmer Asset Management LLC now owns 4,254 shares of the oil and gas company’s stock worth $869,000 after buying an additional 47 shares during the period. Livet Wealth LLC boosted its holdings in Chevron by 4.0% during the 3rd quarter. Livet Wealth LLC now owns 1,268 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 49 shares during the period. Uhlmann Price Securities LLC boosted its holdings in Chevron by 3.1% during the 3rd quarter. Uhlmann Price Securities LLC now owns 1,639 shares of the oil and gas company’s stock valued at $335,000 after acquiring an additional 49 shares during the period. First PREMIER Bank boosted its holdings in Chevron by 0.8% during the 2nd quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock valued at $1,070,000 after acquiring an additional 50 shares during the period. Finally, Vanguard Capital Wealth Advisors grew its position in Chevron by 1.8% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock worth $467,000 after acquiring an additional 50 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Chevron

Investors following CVX have been watching these stories:

Positive Sentiment: Chevron’s recent third-quarter results reportedly strengthened the earnings outlook, and the company reaffirmed its quarterly dividend. One valuation analysis argues the shares could be substantially undervalued, though that estimate depends on the model’s assumptions. Chevron Could Be 76% Below Fair Value As Q3 Earnings Reset Valuation
Positive Sentiment: A 25% stake in Chevron’s Namibia offshore license is being sold to QatarEnergy. Sharing exploration costs while retaining control could limit Chevron’s financial exposure and preserve potential upside from a discovery. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
Negative Sentiment: Chevron’s plans to expand Venezuelan production offer potential growth, but the article flags political and investment uncertainty; ExxonMobil’s caution underscores the risks of committing capital in the country. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.

Insiders Place Their Bets

In other news, insider Andrew Walz sold 16,800 shares of Chevron 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 sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Pate sold 40,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total value of $9,224,655.00. Following the transaction, the insider directly owned 8,791 shares in the company, valued at $1,992,480.15. This trade represents a 82.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 379,470 shares of company stock worth $77,216,415. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Argus lifted their price target on Chevron from $206.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Raymond James Financial dropped their price objective on Chevron from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Bank of America raised their target price on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Piper Sandler raised their target price on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Royal Bank Of Canada lifted their target price on shares of Chevron from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.88.

Check Out Our Latest Research Report on CVX

Chevron Stock Performance

Shares of NYSE:CVX opened at $213.21 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $215.23 and a 200-day moving average price of $195.08. The company has a market cap of $419.05 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.49 and a beta of 0.47. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $236.48.

Chevron (NYSE:CVX – Get Free Report) last posted its earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.87 by $0.41. Chevron had a return on equity of 14.49% and a net margin of 11.56%. The company had revenue of $65.24 billion for the quarter, compared to analysts’ expectations of $61.82 billion. During the same period last year, the firm earned $1.85 earnings per share. Chevron’s quarterly revenue was up 36.3% on a year-over-year basis. As a group, equities analysts anticipate that Chevron Corporation will post 18.64 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. Chevron’s dividend payout ratio is presently 52.08%.

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.