Chevron Corporation $CVX Shares Sold by World Investment Advisors

World Investment Advisors trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 4.8% in the 1st quarter, Holdings Channel reports. The firm owned 81,135 shares of the oil and gas company’s stock after selling 4,078 shares during the period. World Investment Advisors’ holdings in Chevron were worth $16,787,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CVX. Carter Financial Group INC. purchased a new stake in Chevron during the 1st quarter valued at about $215,000. Argos Wealth Advisors LLC lifted its stake in Chevron by 4.4% in the 1st quarter. Argos Wealth Advisors LLC now owns 2,187 shares of the oil and gas company’s stock worth $452,000 after purchasing an additional 93 shares in the last quarter. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Chevron by 17.9% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 29,803 shares of the oil and gas company’s stock worth $6,166,000 after purchasing an additional 4,524 shares during the last quarter. Sierra Summit Advisors LLC boosted its holdings in shares of Chevron by 3,344.6% during the 1st quarter. Sierra Summit Advisors LLC now owns 77,124 shares of the oil and gas company’s stock worth $15,957,000 after purchasing an additional 74,885 shares during the last quarter. Finally, Optas LLC grew its position in shares of Chevron by 33.9% in the first quarter. Optas LLC now owns 4,537 shares of the oil and gas company’s stock valued at $939,000 after purchasing an additional 1,149 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wolfe Research upgraded Chevron to Outperform, saying the recent pullback has created an attractive entry point and that Chevron’s long-term free cash flow outlook is stronger than the market is pricing in. Wolfe Research upgrades Chevron to Outperform on strong cash flow outlook
• Positive Sentiment: RBC Capital also reaffirmed its Buy rating on Chevron, adding to the positive analyst tone around the stock. RBC Capital Reaffirms Their Buy Rating on Chevron (CVX)
• Neutral Sentiment: Several market updates highlighted Chevron’s strong cash generation, solid returns, and ongoing investor interest, while noting the stock may be near fair value rather than deeply discounted. Chevron (CVX) Stock Looks Near Fair Value With Strong Returns But Rich Earnings
• Neutral Sentiment: Chevron remains in focus ahead of its second-quarter earnings conference call later this month, which could become the next major catalyst for the shares. Advisory: Chevron Corporation’s 2Q 2026 Earnings Conference Call and Webcast
• Negative Sentiment: A New York Post report said President Trump is pressuring Big Oil to lower gas prices ahead of the midterm elections, which could raise concerns about margin pressure or political scrutiny for Chevron and peers. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BNP Paribas Exane raised Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price target for the company in a report on Friday, April 17th. Wolfe Research raised Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research note on Thursday. UBS Group restated a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. TD Cowen raised their target price on Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Finally, Piper Sandler lifted their price target on Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Nineteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Transactions at Chevron

In related news, Director John B. Hess sold 380,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares of the company’s stock, valued at $53,718,294. This trade represents a 57.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by company insiders.

Chevron Stock Down 0.1%

Shares of NYSE:CVX opened at $169.06 on Friday. The business has a 50-day moving average price of $183.31 and a 200 day moving average price of $180.40. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $336.71 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 0.57 and a beta of 0.50. Chevron Corporation has a 12-month low of $145.58 and a 12-month high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.18 earnings per share. Sell-side analysts expect that Chevron Corporation will post 15.52 EPS for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were paid a $1.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 4.2%. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

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.