Jupiter Topco LLC Buys New Holdings in Chevron Corporation $CVX

Jupiter Topco LLC purchased a new stake in shares of Chevron Corporation (NYSE:CVX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,078,078 shares of the oil and gas company’s stock, valued at approximately $675,986,000. Jupiter Topco LLC owned 0.21% of Chevron at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Capital Inc. acquired a new stake in shares of Chevron during the second quarter valued at about $786,000. OneAscent Wealth Management LLC purchased a new position in Chevron in the second quarter valued at about $973,000. Global Retirement Partners LLC purchased a new stake in Chevron during the 2nd quarter worth approximately $14,276,000. Indivisible Partners purchased a new stake in Chevron during the 4th quarter worth approximately $1,923,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Chevron by 6.8% in the 1st 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. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

NYSE CVX opened at $199.98 on Wednesday. The company has a 50 day simple moving average of $185.88 and a 200-day simple moving average of $188.48. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The firm has a market capitalization of $395.12 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

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 analysts’ consensus estimates of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 EPS. Equities research analysts predict that Chevron Corporation will post 16.17 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Sanford C. Bernstein raised their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target for the company in a research report on Thursday, July 2nd. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Bank of America raised their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, TD Cowen upped their price target on shares of Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $207.48.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reportedly struck fresh oil in Angola, adding to its upstream resource base and potentially supporting future production and cash flow. Chevron stock turns heads as company strikes fresh oil
• Positive Sentiment: Brent crude has remained near $94 per barrel amid pressure on Iran, improving the economics of Chevron’s exploration and production business and supporting earnings expectations. Chevron Rises as Iran Pressure Keeps Brent Near $94
• Positive Sentiment: Analysts and financial publications continue to favor Chevron over some peers, citing stronger 2026 earnings growth, production momentum, Guyana exposure and recent price strength. Chevron was also identified as a stock to watch by Zacks. Chevron vs. Shell: Which Energy Major Offers a Better Bet? Earnings Growth and Price Strength Make Chevron a Stock to Watch
• Positive Sentiment: Chevron’s dividend remains a key attraction for long-term investors. Commentary highlights its repeated 2026 dividend increase, strong recent quarter and potential as a buy-and-hold income stock. Brokerages maintain a consensus “Moderate Buy” rating. 3 Dividend Stocks to Buy and Hold for the Next Decade Chevron Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Discussion comparing Chevron with ExxonMobil and Shell reinforces its relative strengths, but also shows that investors are evaluating dividend durability, yield and long-term payout growth—not just quarterly earnings. ExxonMobil vs. Chevron: Dividend Growth Comparison
• Negative Sentiment: Chevron’s elevated valuation after a strong run may be encouraging profit-taking, while investors remain alert to whether its dividend strength can be sustained through changes in oil prices and industry conditions. Can This Dividend Stock Sustain Its Strength?

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 100,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the transaction, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Benjamin Walz sold 16,800 shares of Chevron stock in a transaction on 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 completion of the sale, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,152,582 shares of company stock valued at $225,853,661 over the last three months. 0.56% of the stock is owned by insiders.

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.