Torray Investment Partners LLC Sells 15,357 Shares of Chevron Corporation $CVX

Posted by Francis Steltz on Nov 4th, 2026

Torray Investment Partners LLC decreased its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 11.4% in the third quarter, Holdings Channel.com reports. The firm owned 119,943 shares of the oil and gas company’s stock after selling 15,357 shares during the period. Chevron comprises 3.2% of Torray Investment Partners LLC’s holdings, making the stock its 10th largest holding. Torray Investment Partners LLC’s holdings in Chevron were worth $24,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super increased its stake in shares of Chevron by 12.0% during the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 165,724 shares of the oil and gas company’s stock worth $33,842,000 after purchasing an additional 17,740 shares during the last quarter. Tucker Asset Management LLC raised its holdings in shares of Chevron by 16.2% during the 3rd quarter. Tucker Asset Management LLC now owns 3,426 shares of the oil and gas company’s stock valued at $700,000 after purchasing an additional 477 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Chevron by 8.5% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,395 shares of the oil and gas company’s stock valued at $1,510,000 after purchasing an additional 578 shares in the last quarter. Torren Management LLC lifted its stake in shares of Chevron by 404.2% in the 3rd quarter. Torren Management LLC now owns 479 shares of the oil and gas company’s stock valued at $98,000 after purchasing an additional 384 shares during the last quarter. Finally, Next Level Wealth Planning LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at $111,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CVX shares. Barclays upped their price objective on shares of Chevron from $208.00 to $244.00 and gave the stock an “equal weight” rating in a report on Monday. Bank of America raised their target price on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Dbs Bank raised Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Raymond James Financial reduced their price target on Chevron from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, UBS Group upped their price target on Chevron from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $222.04.

Check Out Our Latest Stock Report on CVX

More Chevron News

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron reported adjusted third-quarter earnings of $5.28 per share, topping expectations, with record U.S. refinery throughput and strong refining margins contributing to results. UBS raised its price target to $265 and retained a Buy rating after the results. Q3 results deep dive
Positive Sentiment: Chevron says it remains on track to supply power to a Microsoft West Texas data center in 2028 through Project Kilby, despite permitting uncertainty—an update supporting its efforts to build data-center energy demand into a growth opportunity. Chevron data-center power target
Neutral Sentiment: Oil-market sentiment is volatile: Brent fell about 8% after signals that Iran may be open to peace talks, but reports of U.S. strikes in Iran complicate the outlook. A sustained easing of conflict could pressure crude prices, while renewed escalation could reverse the move. Oil-market reaction to Iran news
Negative Sentiment: Lower crude prices pose a potential headwind for Chevron’s upstream earnings, and the shares may also be vulnerable to profit-taking after a substantial rally. ETF flows were mixed, with reports of net sales on Oct. 30. ETF sales of Chevron shares
Negative Sentiment: DZ Bank lowered its rating from Buy to Hold, adding a cautious analyst view even as its $240 target remains above the quoted share price. DZ Bank rating action

Chevron Trading Down 1.0%

NYSE:CVX opened at $225.58 on Wednesday. The company’s 50 day moving average is $214.06 and its 200-day moving average is $193.68. 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 12 month low of $146.49 and a 12 month high of $236.48. The firm has a market cap of $445.70 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 0.54 and a beta of 0.47.

Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data 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 net margin of 11.56% and a return on equity of 14.64%. The business had revenue of $65.24 billion during the quarter, compared to the consensus estimate of $61.82 billion. During the same period in the prior year, the firm earned $1.85 EPS. Chevron’s quarterly revenue was up 36.3% compared to the same quarter last year. Equities analysts anticipate that Chevron Corporation will post 18.20 EPS for the current year.

Chevron Announces Dividend

The company also recently announced 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 3.2%. Chevron’s payout ratio is currently 52.08%.

Insiders Place Their Bets

In other Chevron news, insider R. Pate sold 40,700 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the completion of the sale, the insider directly owned 8,791 shares in the company, valued at $1,992,480.15. This represents a 82.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the sale, the chief executive officer directly owned 26,308 shares in the company, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 379,470 shares of company stock valued at $77,216,415 in the last quarter. Insiders own 0.56% of the company’s stock.

Chevron Company 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.