8,903 Chevron Corporation $CVX Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its position in Chevron Corporation (NYSE:CVX) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,125 shares of the oil and gas company’s stock after purchasing an additional 8,903 shares during the quarter. Simplicity Wealth LLC’s holdings in Chevron were worth $18,609,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Chevron by 3.9% during the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after buying an additional 5,998,852 shares during the period. BlackRock Inc. purchased a new stake in Chevron in the second quarter valued at approximately $25,663,729,000. Bank of America Corp DE boosted its holdings in shares of Chevron by 5.1% in the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock valued at $5,716,694,000 after acquiring an additional 1,334,976 shares during the period. Amundi boosted its holdings in shares of Chevron by 3.0% in the first quarter. Amundi now owns 12,185,436 shares of the oil and gas company’s stock valued at $2,521,166,000 after acquiring an additional 349,416 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Chevron in the second quarter valued at approximately $2,378,114,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $241.00 target price on shares of Chevron in a research report on Tuesday, October 20th. Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Chevron from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 16th. Sanford C. Bernstein increased their price target on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Finally, Bank of America raised their price objective on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. 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 stock. According to MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average target price of $213.96.

Chevron Stock Performance

Shares of CVX stock opened at $233.39 on Monday. The stock’s 50-day moving average price is $210.61 and its 200 day moving average price is $194.35. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $461.13 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 0.55 and a beta of 0.53. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $233.74.

Chevron (NYSE:CVX) 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 return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same period last year, the firm earned $1.77 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Corporation will post 18.20 EPS for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.1%. Chevron’s payout ratio is presently 68.26%.

Insider Buying and Selling

In other news, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Wirth sold 317,100 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,195,682 shares of company stock worth $235,619,780. 0.56% of the stock is currently owned by company insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

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.