Chevron Corporation $CVX Stock Position Reduced by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC trimmed its position in Chevron Corporation (NYSE:CVX) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,403 shares of the oil and gas company’s stock after selling 3,820 shares during the quarter. Chevron comprises 2.8% of Insight Wealth Strategies LLC’s investment portfolio, making the stock its 6th biggest position. Insight Wealth Strategies LLC’s holdings in Chevron were worth $28,400,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Chevron during the 4th quarter valued at approximately $3,727,586,000. State Street Corp lifted its holdings in Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc grew its position in Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after acquiring an additional 8,091,570 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Chevron by 822.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,211,258 shares of the oil and gas company’s stock worth $946,658,000 after acquiring an additional 5,537,580 shares during the period. Finally, Aristotle Capital Management LLC increased its stake in Chevron by 653.0% during the first quarter. Aristotle Capital Management LLC now owns 4,526,223 shares of the oil and gas company’s stock worth $936,492,000 after acquiring an additional 3,925,137 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 0.9%

Chevron stock opened at $196.62 on Wednesday. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a 50 day moving average price of $182.73 and a 200 day moving average price of $186.35. The company has a market capitalization of $388.48 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.49.

Chevron (NYSE:CVX) last released its quarterly earnings results 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 return on equity of 11.09% and a net margin of 9.57%.The company had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The firm’s revenue was up 57.4% compared to the same quarter last year. Research analysts expect that Chevron Corporation will post 15.96 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 19th. Chevron’s payout ratio is currently 68.26%.

Analysts Set New Price Targets

CVX has been the topic of a number of research analyst reports. Zacks Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. Piper Sandler initiated coverage on Chevron in a research report on Thursday, July 23rd. They set an “overweight” rating and a $207.00 price objective for the company. UBS Group restated a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Chevron in a research report on Tuesday, May 5th. Nineteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $207.48.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings: Renewed uncertainty around the Strait of Hormuz and limited progress in U.S.-Iran talks pushed crude prices higher. Because Chevron’s upstream business benefits from stronger oil prices, the commodity rally is providing a near-term catalyst. Chevron Stock Jumps 3.3% as Hormuz Doubts Lift Oil
• Positive Sentiment: Q2 results and operating momentum remain supportive: Chevron exceeded earnings and revenue expectations, delivered record production, generated strong cash flow, and highlighted early progress from its Hess acquisition. These factors are strengthening the case for continued per-share accretion and production growth through 2030. CVX’s Q2 Earnings Beat: Can Strong Momentum Drive the Stock Higher?
• Positive Sentiment: Analyst estimates moved higher: Erste Group Bank raised its Chevron EPS forecasts to $15.32 for fiscal 2026 and $13.14 for fiscal 2027, citing a more favorable earnings outlook. The 2026 estimate remains close to the broader consensus of $15.86. Chevron analyst estimate update
• Positive Sentiment: Investment-screen coverage is favorable: Recent Zacks commentary identifies CVX as a strong momentum and long-term stock, while investor comparisons with ExxonMobil continue to focus on Chevron’s dividend and passive-income appeal. Why Chevron Is a Strong Momentum Stock
• Neutral Sentiment: Commodity dependence remains central: Chevron’s outlook is attractive if crude prices remain elevated, but comparisons with Occidental Petroleum and ExxonMobil emphasize that relative performance and investor returns will depend heavily on the next oil-price cycle. Buffett Oil Stock Outperforming Chevron
• Negative Sentiment: Risks could limit the rally: Oil prices have been volatile, and planned maintenance could weigh on near-term production or refining results. Any easing of geopolitical tensions or retreat in crude prices would reduce the earnings tailwind. CVX’s Q2 Earnings Beat and Outlook

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 5,547 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $4,919,596. This trade represents a 17.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John B. Hess sold 100,000 shares of Chevron 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 transaction, the director directly owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,196,212 shares of company stock worth $231,819,366 in the last quarter. Company insiders own 0.56% of the company’s stock.

About Chevron

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.