Envestnet Asset Management Inc. Increases Position in Chevron Corporation $CVX

Envestnet Asset Management Inc. raised its holdings in Chevron Corporation (NYSE:CVX) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,359,482 shares of the oil and gas company’s stock after acquiring an additional 148,674 shares during the period. Envestnet Asset Management Inc.’s holdings in Chevron were worth $932,962,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CVX. BlackRock Inc. purchased a new stake in shares of Chevron in the second quarter valued at approximately $25,663,729,000. Norges Bank purchased a new position in Chevron during the fourth quarter worth approximately $3,727,586,000. Bank of New York Mellon Corp acquired a new position in Chevron during the second quarter worth $2,378,114,000. Legal & General Group Plc acquired a new position in Chevron during the second quarter worth $1,462,412,000. Finally, Berkshire Hathaway Inc grew its holdings in Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 1.4%

Shares of Chevron stock traded up $2.80 during trading hours on Wednesday, hitting $205.21. The company’s stock had a trading volume of 8,256,541 shares, compared to its average volume of 10,717,764. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $217.78. The firm has a fifty day moving average of $200.25 and a 200-day moving average of $191.97. The stock has a market cap of $405.45 billion, a price-to-earnings ratio of 19.68, a P/E/G ratio of 0.60 and a beta of 0.50. 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 (NYSE:CVX) last released its quarterly earnings results 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. The business had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The company’s revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 EPS. Research analysts forecast that Chevron Corporation will post 16.52 EPS for the current year.

Chevron Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron CFO Eimear Bonner said the company does not expect much near-term relief from elevated oil prices. Persistently strong crude prices could support Chevron’s upstream earnings and cash flow, although volatility remains a key risk. Chevron CFO sees little relief anytime soon from elevated oil prices
• Positive Sentiment: Chevron plans to increase exploration spending by roughly 50% next year and drill more wells. The investment could strengthen production growth and support long-term dividend and cash-flow potential, though returns will depend on commodity prices and execution. Chevron exploration spending plans
• Positive Sentiment: Greece said Chevron will begin seismic research in offshore blocks by year-end. The work provides a potential avenue for future exploration opportunities, although it is still an early-stage development without an immediate earnings impact. Greece says Chevron to start seismic research by year-end
• Positive Sentiment: Industry coverage remains constructive on integrated energy companies, citing solid oil prices, stable integrated operations and resilient midstream businesses. Chevron is also receiving analyst support amid uncertainty surrounding oil markets and geopolitical risks. Wall Street commentary on Chevron
• Neutral Sentiment: Erste Group modestly raised its FY2026 and FY2027 EPS forecasts for Chevron, while Zacks coverage and increased investor attention highlight the stock’s visibility. The revisions are supportive but relatively small compared with broader consensus estimates. What to know beyond why Chevron is a trending stock
• Negative Sentiment: A proposed bill would temporarily ban U.S. diesel exports when the domestic retail price exceeds $5 per gallon for 14 consecutive days. If enacted, the measure could disrupt Chevron’s refined-product trade flows and affect refining margins, though it currently has limited legislative support. Diesel Price Reduction Act of 2026

Insider Activity at Chevron

In other Chevron news, CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Pate sold 2,470 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of 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. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CVX shares. Sanford C. Bernstein raised their target price on Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Morgan Stanley upped their price objective on shares of Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Weiss Ratings upgraded shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.35.

Chevron Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.