Thurston Springer Miller Herd & Titak Inc. Sells 4,228 Shares of Chevron Corporation $CVX

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in Chevron Corporation (NYSE:CVX) by 77.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,264 shares of the oil and gas company’s stock after selling 4,228 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chevron were worth $258,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Citizens Bank & Trust Co. lifted its position in shares of Chevron by 8.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 99,236 shares of the oil and gas company’s stock valued at $20,511,000 after buying an additional 7,836 shares in the last quarter. Focus Financial Network Inc. grew its stake in Chevron by 2.2% in the 3rd quarter. Focus Financial Network Inc. now owns 14,873 shares of the oil and gas company’s stock valued at $3,037,000 after acquiring an additional 317 shares during the period. ASK Capital Investment Managers LLC acquired a new stake in Chevron in the 3rd quarter valued at $4,495,000. Virginia Estate & Retirement Planning Advisors Inc. increased its holdings in Chevron by 20.8% in the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 290 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 50 shares in the last quarter. Finally, MFA Wealth Services increased its holdings in Chevron by 4.0% in the 3rd quarter. MFA Wealth Services now owns 1,940 shares of the oil and gas company’s stock worth $396,000 after acquiring an additional 74 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 other Chevron news, Director John Hess sold 100,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the sale, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Walz sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last quarter. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CVX shares. JPMorgan Chase & Co. upped their price objective on shares of Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a research report on Thursday, July 2nd. Barclays dropped their target price on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Mizuho set a $234.00 target price on shares of Chevron in a research note on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.08.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support is helping sentiment. Chevron received an upgrade, while Erste Group raised its FY2026 EPS estimate to $16.90 from $16.09 and its FY2027 estimate to $13.78 from $13.52. CVX was also included on a Zacks list of top-rated income stocks. Chevron Stock Jumps After Analyst Upgrade
• Positive Sentiment: Chevron is positioned to benefit from efforts to revive Venezuela’s oil industry as the United States seeks additional supply amid geopolitical risks and possible Strait of Hormuz disruptions. The opportunity could expand production and support long-term cash flow, although it remains dependent on government policy and operating conditions. Venezuela Oil Revival
• Positive Sentiment: Chevron and Shell are restoring Gulf of Mexico production after Hurricane Isaias, with facilities reportedly avoiding significant damage. A quick recovery limits disruption risk and allows Chevron to resume output. Gulf Oil Production Recovery
• Positive Sentiment: Investors continue to favor Chevron’s integrated model, which combines upstream production with refining and chemicals. That diversification has historically helped support dividends during periods of weak oil prices. New gas development in Australia’s Beetaloo Basin also adds potential exposure to LNG-related supply growth. Integrated Oil Companies and Dividends
• Neutral Sentiment: Chevron’s CFO transition and efforts to link new-energy investments more closely with its core oil and gas operations may improve capital discipline, but the benefits will depend on execution and future returns on investment. Chevron CFO Shake-Up
• Negative Sentiment: Some valuation commentary suggests CVX may now be overvalued after its strong rally. Analysts also note that the recent advance has not fully offset a decade of underperformance relative to the broader market, increasing the risk of profit-taking near record levels. Chevron Valuation Analysis
• Negative Sentiment: Chevron’s planned one-time loss of roughly $3 billion to $4 billion and ongoing exposure to oil prices, storms, interest rates and geopolitical developments remain risks to near-term earnings and valuation.

Chevron Price Performance

NYSE CVX traded up $4.39 during mid-day trading on Wednesday, hitting $222.12. The stock had a trading volume of 4,689,220 shares, compared to its average volume of 10,423,784. The firm’s 50 day moving average is $205.49 and its 200 day moving average is $193.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market capitalization of $438.85 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 0.60 and a beta of 0.53. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $222.20.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 EPS. Equities research analysts forecast that Chevron Corporation will post 17.43 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is currently 68.26%.

Chevron Profile

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.