Chevron Corporation $CVX Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in shares of Chevron Corporation (NYSE:CVX) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 707,297 shares of the oil and gas company’s stock after selling 35,566 shares during the period. Chevron accounts for 2.2% of Confluence Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. Confluence Investment Management LLC’s holdings in Chevron were worth $144,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CVX. Blue Capital Inc. acquired a new stake in Chevron during the second quarter worth about $786,000. OneAscent Wealth Management LLC acquired a new stake in shares of Chevron during the second quarter worth approximately $973,000. Global Retirement Partners LLC acquired a new position in Chevron during the 2nd quarter worth about $14,276,000. Janney Montgomery Scott LLC increased its holdings in shares of Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after purchasing an additional 79,439 shares in the last quarter. Finally, Galaxy Digital Inc. acquired a new stake in Chevron in the first quarter worth about $2,028,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron and Exxon Mobil are deepening energy ties with Vietnam through potential crude, liquefied natural gas and liquefied petroleum gas supply agreements. The deals could expand Chevron’s regional sales opportunities if finalized. Chevron and ExxonMobil Ink Potential Crude Supply Deals With Vietnam
• Positive Sentiment: Analysts and financial commentators continue to view Chevron as attractive, citing its reported seven-quarter earnings-beat streak, Hess integration synergies, relatively modest valuation and cash-generation potential. These factors may reinforce the bullish case even with the stock near its high. Chevron Has More Going for It Than Higher Oil Prices
• Positive Sentiment: Chevron is applying robotics, drones and remote-operated tools across global operations. The technology could reduce hazardous work, lower operating costs and improve inspection quality over time, although the financial benefit is likely longer term. Can Robotics Reshape How Chevron Runs Its Global Operations?
• Positive Sentiment: Venezuela’s potential oil-sector recovery is placing Chevron among energy companies that could benefit from increased production, heavy-oil development and related services. The opportunity remains dependent on regulatory and geopolitical developments. Venezuela’s Oil Comeback Puts These 4 Energy Stocks in Focus
• Neutral Sentiment: Chevron scheduled its third-quarter 2026 earnings conference call for October 30. The announcement provides a timing milestone, but does not contain updated earnings guidance or results. Chevron’s 3Q 2026 Earnings Conference Call and Webcast
• Negative Sentiment: Some coverage argues investors may find greater upside in uranium producer Cameco than in Chevron, which is already near all-time highs. Easing crude prices and elevated expectations could limit near-term upside for CVX. Should You Forget Chevron and Buy This Uranium Stock Instead?

Insider Transactions at Chevron

In related 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CVX has been the topic of several recent analyst reports. Mizuho set a $224.00 price objective on shares of Chevron in a research note on Monday, August 3rd. Piper Sandler boosted their price objective on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Wells Fargo & Company boosted their price target on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Raymond James Financial lowered their price objective on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Twenty-one analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.87.

Chevron Price Performance

CVX traded up $2.00 on Thursday, reaching $206.21. The stock had a trading volume of 2,280,624 shares, compared to its average volume of 10,590,930. The firm has a 50-day moving average of $202.33 and a 200-day moving average of $192.57. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $217.78. The company has a market capitalization of $407.42 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 0.59 and a beta of 0.50.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the previous year, the business earned $1.77 EPS. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chevron Corporation will post 16.66 EPS for the current year.

Chevron Announces Dividend

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

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.