Signal Advisors Wealth LLC raised its position in Chevron Corporation (NYSE:CVX – Free Report) by 185.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,359 shares of the oil and gas company’s stock after purchasing an additional 11,922 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Chevron were worth $3,901,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in shares of Chevron during the 1st quarter valued at approximately $25,000. Main Street Group LTD acquired a new position in Chevron in the first quarter valued at approximately $28,000. Phillip James Consulting Co. acquired a new position in Chevron in the fourth quarter valued at approximately $26,000. Kilter Group LLC acquired a new position in Chevron in the second quarter valued at approximately $28,000. Finally, Basso Capital Management L.P. purchased a new position in Chevron in the fourth quarter worth approximately $27,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Analysts raised earnings estimates. Erste Group lifted its FY2026 EPS forecast to $16.90 from $16.09 and its FY2027 estimate to $13.78 from $13.52, signaling improved expectations for Chevron’s operating performance. MarketBeat Chevron estimates
- Positive Sentiment: Strong income-stock positioning is attracting investors. Zacks included CVX on its Rank #1 “Strong Buy” income-stock list, while other coverage highlighted Chevron’s profitability, cash flow, dividend appeal, cost savings and production growth. Zacks income stocks article
- Positive Sentiment: Gulf of Mexico operations are recovering. Chevron and Shell are restoring offshore oil production after Hurricane Isaias, with facilities reporting no storm damage. A faster restart limits the potential impact on output and revenue. Gulf production recovery article
- Positive Sentiment: International gas growth is reinforcing the long-term story. Chevron-linked technical expertise helped unlock first commercial gas from Australia’s Beetaloo Basin, while the company also advanced discussions related to Cyprus’ Aphrodite gas field and Egypt’s export infrastructure. Beetaloo gas article
- Neutral Sentiment: Valuation support is mixed. TD Cowen raised its price target to $225 but retained a “Hold” rating, while reported analyst targets average about $213.08—below the recent trading level. Chevron price target article
- Negative Sentiment: Chevron is taking a sizable one-time charge. The company agreed to recognize an estimated $3 billion–$4 billion loss, which could pressure reported results even though management may be using the charge to clean up the portfolio ahead of future earnings. Chevron one-time loss article
Insider Transactions at Chevron
Analyst Ratings Changes
Several research firms have issued reports on CVX. Wolfe Research raised Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a research note on Thursday, July 2nd. Raymond James Financial decreased their price target on Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Piper Sandler upped their price target on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Dbs Bank upgraded Chevron to a “moderate buy” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company raised their price objective on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $213.08.
Check Out Our Latest Analysis on CVX
Chevron Stock Performance
Shares of CVX stock opened at $218.01 on Wednesday. The firm’s 50 day moving average price is $205.49 and its 200-day moving average price is $193.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. Chevron Corporation has a one year low of $146.49 and a one year high of $218.79. The firm has a market cap of $430.73 billion, a P/E ratio of 20.90, a P/E/G ratio of 0.60 and a beta of 0.53.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter last year, the company posted $1.77 EPS. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, equities research analysts predict that Chevron Corporation will post 17.43 EPS for the current year.
Chevron Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.
Chevron Company 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.
Further Reading
- Five stocks we like better than Chevron
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
