Fayez Sarofim & Co Acquires 148,302 Shares of Chevron Corporation $CVX

Posted by Geri Gentry on Aug 27th, 2026

Fayez Sarofim & Co grew its stake in Chevron Corporation (NYSE:CVX – Free Report) by 2.4% during the second quarter, HoldingsChannel.com reports. The firm owned 6,316,069 shares of the oil and gas company’s stock after buying an additional 148,302 shares during the period. Chevron makes up about 2.5% of Fayez Sarofim & Co’s holdings, making the stock its 13th biggest holding. Fayez Sarofim & Co’s holdings in Chevron were worth $1,046,952,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Capital Inc. acquired a new position in Chevron during the second quarter valued at approximately $786,000. OneAscent Wealth Management LLC acquired a new stake in Chevron in the second quarter worth $973,000. Global Retirement Partners LLC acquired a new stake in Chevron in the second quarter worth $14,276,000. Indivisible Partners bought a new position in shares of Chevron during the fourth quarter worth $1,923,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Chevron by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after purchasing an additional 79,439 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on CVX shares. Royal Bank Of Canada restated an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a research report on Tuesday, May 5th. 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. Morgan Stanley raised their price target on Chevron from $210.00 to $218.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Finally, Zacks Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $207.48.

Check Out Our Latest Stock Analysis on CVX

Chevron Price Performance

Shares of CVX opened at $200.26 on Thursday. 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 Corporation has a twelve month low of $146.49 and a twelve month high of $214.71. The stock has a market capitalization of $395.67 billion, a P/E ratio of 19.20, a P/E/G ratio of 0.60 and a beta of 0.49. The company has a 50 day moving average of $186.34 and a 200-day moving average of $188.63.

Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Corporation will post 16.17 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.6%. Chevron’s payout ratio is 68.26%.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 16,800 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company’s stock, valued at $2,814.84. The trade was a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company’s stock.

About Chevron

(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.