Western Wealth Management LLC Increases Stock Holdings in Chevron Corporation $CVX

Posted by George Bondi on Jul 31st, 2026

Western Wealth Management LLC increased its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 72.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 29,135 shares of the oil and gas company’s stock after purchasing an additional 12,248 shares during the period. Western Wealth Management LLC’s holdings in Chevron were worth $6,028,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Curtis Advisory Group LLC bought a new stake in Chevron during the 4th quarter worth about $1,381,000. Indivisible Partners bought a new position in shares of Chevron in the 4th quarter valued at about $1,923,000. Janney Montgomery Scott LLC increased its position in shares of Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after acquiring an additional 79,439 shares during the last quarter. Galaxy Digital Inc. acquired a new stake in shares of Chevron in the first quarter valued at about $2,028,000. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Chevron by 35.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 42,882 shares of the oil and gas company’s stock worth $6,536,000 after acquiring an additional 11,120 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. The trade was a 57.75% 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. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America increased their price target on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a report on Thursday, April 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 target price on shares of Chevron in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $216.00 target price on shares of Chevron in a research note on Wednesday, May 6th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $207.17.

View Our Latest Stock Analysis on Chevron

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Higher crude prices following renewed Middle East hostilities are improving the earnings outlook for oil producers. Chevron is also benefiting from increased production in Venezuela, contributing to its recent outperformance among Dow components. Dow Leader Rides Surging Oil Prices And Trump’s Venezuela Spoils
Positive Sentiment: Analysts are anticipating a particularly strong quarter for Chevron and Exxon Mobil, with higher oil prices potentially producing their best combined results in several quarters. Chevron, ExxonMobil Earnings Preview
Positive Sentiment: Bank of America favors Chevron over Exxon Mobil, while Erste Group raised its Chevron EPS forecasts to $14.58 for fiscal 2026 and $12.61 for fiscal 2027. The revisions reinforce a constructive analyst view, although estimates remain below the broader full-year consensus of $15.61. Exxon Cut to Neutral at BofA
Neutral Sentiment: Friday’s earnings release is the main near-term catalyst. Investors will focus on whether higher oil prices and Venezuela production translate into stronger cash flow and whether Chevron can demonstrate progress in potential growth areas including Iraq, Venezuela, Argentina and power demand from artificial-intelligence data centers. Chevron Earnings Could Reveal the Oil Giant’s Next Growth Engine
Negative Sentiment: Expectations are elevated ahead of the report, increasing the risk of profit-taking if results, guidance or growth investments fail to exceed forecasts. Continued Middle East tensions also support crude prices but introduce greater geopolitical and operational volatility.

Chevron Trading Up 0.4%

Shares of NYSE:CVX opened at $192.55 on Friday. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The company has a market capitalization of $383.48 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 0.59 and a beta of 0.50. The company has a 50-day simple moving average of $181.83 and a 200 day simple moving average of $184.88.

Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%. Sell-side analysts forecast that Chevron Corporation will post 15.64 earnings per share for the current year.

Chevron Company 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.