Powell Investment Advisors LLC Purchases New Shares in Chevron Corporation $CVX

Posted by Paula Ricardo on Jul 2nd, 2026

Powell Investment Advisors LLC purchased a new position in Chevron Corporation (NYSE:CVX – Free Report) during the first quarter, Holdings Channel.com reports. The firm purchased 3,731 shares of the oil and gas company’s stock, valued at approximately $772,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Phillip James Consulting Co. purchased a new position in shares of Chevron in the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC purchased a new position in Chevron during the 4th quarter worth approximately $26,000. Karpus Management Inc. acquired a new stake in Chevron during the 4th quarter valued at $27,000. Basso Capital Management L.P. acquired a new stake in Chevron during the 4th quarter valued at $27,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $165.70 on Thursday. The firm has a market cap of $330.01 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 0.55 and a beta of 0.50. Chevron Corporation has a 1 year low of $145.47 and a 1 year high of $214.71. 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 business has a fifty day simple moving average of $183.99 and a 200 day simple moving average of $180.34.

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

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were issued 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 4.3%. Chevron’s dividend payout ratio is currently 123.40%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CVX shares. Barclays lifted their price target on Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Morgan Stanley reduced their price objective on Chevron from $214.00 to $210.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, March 20th. Finally, TD Cowen raised their price target on shares of Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and an average target price of $205.52.

Read Our Latest Research Report on CVX

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron signed a 20-year agreement with Microsoft to supply electricity for a large AI-focused data center in Texas, expanding Chevron’s role in powering data infrastructure and potentially opening the door to more similar projects. Chevron (CVX) Just Signed A 20 Year Microsoft AI Data Center Power Deal
Positive Sentiment: Several articles highlighted Chevron’s 4%+ dividend yield and long track record of dividend increases, reinforcing the stock’s appeal for income-focused investors. Chevron Yields 4.2% Because Oil Prices Make Everyone Nervous. Here’s Why That Thinking Is Outdated
Neutral Sentiment: Erste Group slightly raised its 2026 earnings estimate for Chevron, suggesting stable profitability expectations, though the change was modest. Chevron analyst estimate update
Negative Sentiment: Chevron shares are being weighed down by softer crude prices and broader sector concerns, including reports that energy stocks may lag technology in the second half as oil retreats. What’s Ahead for Tech and Other Sectors In The Year’s Second Half
Negative Sentiment: Morgan Stanley reportedly lowered its price target on Chevron, adding to pressure on the stock amid worries about weaker oil fundamentals. Chevron (CVX) Price Target Lowered at Morgan Stanley. Here is Why

Insider Buying and Selling

In other Chevron 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 transaction 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 represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by insiders.

About Chevron

(Free Report)

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.