Envestnet Portfolio Solutions Inc. Grows Position in Chevron Corporation $CVX

Envestnet Portfolio Solutions Inc. grew its position in shares of Chevron Corporation (NYSE:CVX) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,083 shares of the oil and gas company’s stock after purchasing an additional 12,673 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Chevron were worth $24,930,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in Chevron in the first quarter valued at $25,000. Core Wealth Advisors LLC purchased a new stake in shares of Chevron during the 4th quarter worth about $26,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron during the 4th quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in shares of Chevron during the 4th quarter valued at about $27,000. Finally, Main Street Group LTD purchased a new position in shares of Chevron in the 1st quarter valued at about $28,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

NYSE:CVX traded up $2.80 during trading hours on Wednesday, hitting $205.21. 8,256,541 shares of the stock were exchanged, compared to its average volume of 10,717,764. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $217.78. The firm’s fifty day moving average price is $200.25 and its 200 day moving average price is $191.97. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The company has a market cap of $405.45 billion, a P/E ratio of 19.68, a P/E/G ratio of 0.60 and a beta of 0.50.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.51. The business 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 11.09% and a net margin of 9.57%.The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 earnings per share. As a group, equities research analysts anticipate that Chevron Corporation will post 16.52 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Barclays reduced their target price on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Piper Sandler increased their target price on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. UBS Group reissued a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Finally, Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target for the company in a report on Thursday, July 2nd. Twenty equities research 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. According to MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $211.35.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron CFO Eimear Bonner said the company does not expect much near-term relief from elevated oil prices. Persistently strong crude prices could support Chevron’s upstream earnings and cash flow, although volatility remains a key risk. Chevron CFO sees little relief anytime soon from elevated oil prices
• Positive Sentiment: Chevron plans to increase exploration spending by roughly 50% next year and drill more wells. The investment could strengthen production growth and support long-term dividend and cash-flow potential, though returns will depend on commodity prices and execution. Chevron exploration spending plans
• Positive Sentiment: Greece said Chevron will begin seismic research in offshore blocks by year-end. The work provides a potential avenue for future exploration opportunities, although it is still an early-stage development without an immediate earnings impact. Greece says Chevron to start seismic research by year-end
• Positive Sentiment: Industry coverage remains constructive on integrated energy companies, citing solid oil prices, stable integrated operations and resilient midstream businesses. Chevron is also receiving analyst support amid uncertainty surrounding oil markets and geopolitical risks. Wall Street commentary on Chevron
• Neutral Sentiment: Erste Group modestly raised its FY2026 and FY2027 EPS forecasts for Chevron, while Zacks coverage and increased investor attention highlight the stock’s visibility. The revisions are supportive but relatively small compared with broader consensus estimates. What to know beyond why Chevron is a trending stock
• Negative Sentiment: A proposed bill would temporarily ban U.S. diesel exports when the domestic retail price exceeds $5 per gallon for 14 consecutive days. If enacted, the measure could disrupt Chevron’s refined-product trade flows and affect refining margins, though it currently has limited legislative support. Diesel Price Reduction Act of 2026

Insider Buying and Selling

In other Chevron news, insider R. Pate sold 2,470 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the sale, the insider directly owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Hess sold 710,665 shares of Chevron stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This represents a 66.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by corporate insiders.

About Chevron

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.