Clifford Swan Investment Counsel LLC Trims Stock Position in Chevron Corporation $CVX

Clifford Swan Investment Counsel LLC trimmed its holdings in Chevron Corporation (NYSE:CVX) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,061 shares of the oil and gas company’s stock after selling 6,413 shares during the period. Chevron comprises about 1.6% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 10th largest holding. Clifford Swan Investment Counsel LLC’s holdings in Chevron were worth $50,567,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in shares of Chevron in the 1st quarter valued at approximately $25,000. Core Wealth Advisors LLC bought a new stake in Chevron during the 4th quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new stake in Chevron during the 4th quarter worth approximately $26,000. Basso Capital Management L.P. acquired a new stake in Chevron during the 4th quarter worth approximately $27,000. Finally, Karpus Management Inc. bought a new position in Chevron in the fourth quarter valued at approximately $27,000. 72.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Andrew Benjamin Walz sold 16,800 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 14 shares in the company, valued at $2,814.84. The trade was a 99.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Hess sold 710,665 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the sale, the director owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. Morgan Stanley boosted their price objective on shares of Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Mizuho set a $224.00 target price on shares of Chevron in a research note on Monday, August 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 target price on shares of Chevron in a report on Tuesday, May 5th. Finally, Piper Sandler began coverage on Chevron in a research note on Thursday, July 23rd. They issued an “overweight” rating and a $207.00 price target on the stock. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.48.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices boosted energy shares. Renewed U.S.-Iran military conflict and constrained shipping through the Strait of Hormuz pushed crude prices higher, improving the outlook for Chevron’s upstream earnings and cash flow. Chevron and Exxon Mobil Rise as U.S. Strikes on Iran Push WTI Crude Oil Higher
• Positive Sentiment: Potential Venezuela agreements could materially expand Chevron’s production base. Chevron is reportedly nearing agreements with Halliburton to invest in Venezuelan heavy-oil fields. A broader U.S.-backed arrangement could support billions of dollars in investment, with Chevron potentially becoming the only major U.S. oil company operating actively in Venezuela. Chevron and Halliburton Near Billion-Dollar Venezuela Oil Deals
• Positive Sentiment: Analyst earnings expectations improved. Erste Group Bank reportedly raised its fiscal 2026 EPS forecast, adding to investor confidence while Chevron benefits from stronger oil prices and possible new production assets. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Chevron is selling interests in offshore Angola. Etu Energias agreed to acquire Chevron’s working interests in Blocks 14 and 14K. The transaction may streamline the portfolio and generate proceeds, but it also reduces Chevron’s exposure to those assets. Etu Energias to Acquire Chevron Stakes in Offshore Angola
• Negative Sentiment: Refining pressure and Venezuela execution risks remain concerns. Coverage notes that higher crude near $90 per barrel can pressure refining margins. Venezuela projects also face significant operational, infrastructure, political and regulatory hurdles, meaning the potential production upside may take time and require substantial capital. Chevron Jumps as $90 Oil Meets Refining Pressure

Chevron Trading Up 2.2%

Shares of NYSE:CVX opened at $206.25 on Tuesday. The company’s 50-day moving average price is $188.07 and its two-hundred day moving average price is $189.06. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market capitalization of $407.50 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 earnings per share. On average, equities analysts forecast that Chevron Corporation will post 16.24 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

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.