XML Financial LLC Sells 6,568 Shares of Chevron Corporation $CVX

Posted by Brian Himes on Jun 23rd, 2026

XML Financial LLC trimmed its position in Chevron Corporation (NYSE:CVX – Free Report) by 15.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,946 shares of the oil and gas company’s stock after selling 6,568 shares during the period. XML Financial LLC’s holdings in Chevron were worth $7,437,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clark Asset Management LLC increased its holdings in shares of Chevron by 25.6% in the first quarter. Clark Asset Management LLC now owns 1,993 shares of the oil and gas company’s stock worth $412,000 after purchasing an additional 406 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in Chevron by 1.1% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 29,866 shares of the oil and gas company’s stock valued at $6,179,000 after buying an additional 335 shares during the period. Johnson Bixby & Associates LLC boosted its stake in Chevron by 8.0% during the first quarter. Johnson Bixby & Associates LLC now owns 2,249 shares of the oil and gas company’s stock valued at $465,000 after buying an additional 166 shares during the period. Everstar Asset Management LLC grew its position in Chevron by 1.5% during the first quarter. Everstar Asset Management LLC now owns 6,441 shares of the oil and gas company’s stock worth $1,333,000 after buying an additional 96 shares in the last quarter. Finally, Roble Belko & Company Inc grew its position in Chevron by 22.3% during the first quarter. Roble Belko & Company Inc now owns 1,829 shares of the oil and gas company’s stock worth $378,000 after buying an additional 334 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 0.7%

Shares of CVX opened at $174.87 on Tuesday. Chevron Corporation has a fifty-two week low of $142.40 and a fifty-two week high of $214.71. The firm has a market cap of $348.27 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 0.57 and a beta of 0.48. The firm has a 50 day moving average price of $186.32 and a 200-day moving average price of $179.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09.

Chevron (NYSE:CVX – Get Free Report) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.00 by $0.41. The company had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 EPS. As a group, equities research analysts forecast that Chevron Corporation will post 15.88 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, May 19th. Chevron’s dividend payout ratio is presently 123.40%.

Insider Activity

In other news, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the transaction, the insider directly owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. This trade represents a 82.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the transaction, the director owned 278,045 shares in the company, valued at approximately $53,718,294. This represents a 57.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 615,200 shares of company stock valued at $118,022,760. Company insiders own 0.56% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron signed a 20-year agreement with Microsoft to help power Project Kilby, a planned 2.67-gigawatt data center campus in West Texas. The deal could create a steadier, long-duration revenue stream and positions Chevron as a beneficiary of rising AI-related electricity demand. Chevron signs power supply deal with Microsoft for Texas data center
Positive Sentiment: The project highlights Chevron’s move beyond traditional oil and gas into lower-volatility, infrastructure-like cash flows tied to AI data center power needs. That strategic shift has been viewed favorably by investors looking for growth outside commodity swings. Chevron Signs 20-year Deal to Power Microsoft’s AI Data Centers
Neutral Sentiment: Separately, reports noted that Treasury issued a temporary license allowing Iranian oil sales, which could affect global crude supply and energy pricing, but the immediate impact on Chevron’s stock appears secondary to the Microsoft deal. Treasury Issues 60-Day License for Iranian Oil Sales Following Switzerland Talks

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CVX shares. Citigroup raised their price target on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings lowered Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Barclays upped their price objective on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. UBS Group raised their target price on shares of Chevron from $218.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Bank of America lifted their target price on shares of Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $205.70.

View Our Latest Stock Analysis on CVX

Chevron 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.