Reliant Investment Management LLC Makes New $6.76 Million Investment in Chevron Corporation $CVX

Reliant Investment Management LLC bought a new stake in Chevron Corporation (NYSE:CVX) in the 3rd quarter, Holdings Channel reports. The fund bought 33,097 shares of the oil and gas company’s stock, valued at approximately $6,759,000. Chevron accounts for 2.3% of Reliant Investment Management LLC’s holdings, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Meridian Investment Counsel Inc. boosted its stake in shares of Chevron by 0.3% during the 3rd quarter. Meridian Investment Counsel Inc. now owns 48,136 shares of the oil and gas company’s stock valued at $9,830,000 after buying an additional 144 shares during the last quarter. Columbus Macro LLC grew its position in shares of Chevron by 2.8% during the third quarter. Columbus Macro LLC now owns 1,830 shares of the oil and gas company’s stock worth $374,000 after buying an additional 50 shares in the last quarter. Virginia Wealth Management Group Inc. grew its position in shares of Chevron by 0.3% during the third quarter. Virginia Wealth Management Group Inc. now owns 35,168 shares of the oil and gas company’s stock worth $7,182,000 after buying an additional 97 shares in the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of Chevron in the third quarter worth $523,000. Finally, Cultivar Capital Inc. bought a new stake in shares of Chevron in the third quarter worth $206,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Price Performance

Shares of CVX opened at $222.05 on Thursday. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $222.55. 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 firm has a market cap of $438.71 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 0.60 and a beta of 0.53. The stock has a 50 day moving average of $206.20 and a 200-day moving average of $193.23.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 EPS. As a group, analysts forecast that Chevron Corporation will post 17.59 EPS for the current year.

Chevron Dividend Announcement

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

Insider Buying and Selling at Chevron

In other Chevron news, insider Andrew Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Pate sold 2,470 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. Company insiders own 0.56% of the company’s stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s recovery of U.S. Gulf of Mexico production after Hurricane Isaias, with no reported damage to its facilities, reduces the risk of a prolonged operational disruption. Chevron & Shell Lead U.S. Gulf Oil Production Recovery After Hurricane
• Positive Sentiment: Analysts at Erste Group raised their fiscal 2026 EPS forecast for Chevron to $16.90 from $16.09 and lifted the fiscal 2027 estimate to $13.78 from $13.52, reinforcing the view that earnings momentum remains favorable. Chevron analyst earnings estimates
• Positive Sentiment: Chevron is among the energy companies positioned to benefit from Venezuela’s oil revival and potential efforts to offset supply disruptions near the Strait of Hormuz. The opportunity could expand production and long-term cash flow, although execution and geopolitical risks remain. Venezuela’s Oil Revival Is Gaining Momentum
• Positive Sentiment: Chevron’s integrated model—combining upstream production with refining and other businesses—continues to support dividend resilience when crude prices weaken. Its Beetaloo Basin expertise also helped deliver Australia’s first commercial gas, adding potential exposure to LNG demand. Oil Giants and Dividend Resilience
• Neutral Sentiment: Coverage of Chevron’s AI investment process indicates that management is evaluating AI projects based on measurable returns and competition for capital. The initiative may improve efficiency, but no immediate financial impact was identified. How CFOs Decide Which AI Bets Create Value
• Negative Sentiment: Chevron reportedly agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on near-term results despite stronger underlying earnings. Chevron Is Cleaning House Before the Earnings Peak Fades
• Negative Sentiment: Some valuation analysis views CVX as overvalued after its rally, while longer-term comparisons show the stock has underperformed the broader market over the past decade. These concerns could limit further upside. Is Chevron Overvalued After Its Rally?

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TD Cowen upped their price target on shares of Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a report on Monday. Bank of America increased their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays dropped their target price on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Finally, HSBC set a $90.00 target price on shares of Chevron in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $213.08.

About Chevron

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.