Envestnet Portfolio Solutions Inc. Boosts Stake in Chevron Corporation $CVX

Envestnet Portfolio Solutions Inc. grew its holdings in Chevron Corporation (NYSE:CVX) by 9.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 146,083 shares of the oil and gas company’s stock after buying an additional 12,673 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Chevron were worth $24,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVX. BlackRock Inc. acquired a new position in Chevron in the second quarter valued at about $25,663,729,000. Norges Bank acquired a new stake in shares of Chevron during the fourth quarter valued at about $3,727,586,000. Bank of New York Mellon Corp purchased a new stake in shares of Chevron in the 2nd quarter valued at approximately $2,378,114,000. Legal & General Group Plc purchased a new stake in shares of Chevron in the 2nd quarter valued at approximately $1,462,412,000. Finally, Berkshire Hathaway Inc lifted its holdings in shares of 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 worth $19,837,131,000 after acquiring an additional 8,091,570 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Up 1.4%

Shares of CVX stock traded up $2.80 during trading on Wednesday, reaching $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 1-year low of $146.49 and a 1-year high of $217.78. The stock’s 50-day moving average price is $200.25 and its 200 day moving average price is $191.97. The company has a market capitalization 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 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. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same period in the prior year, the business earned $1.77 EPS. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. On average, research analysts anticipate that Chevron Corporation will post 16.52 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insider Buying and Selling

In other Chevron news, insider R. Pate sold 2,470 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the sale, the insider owned 10,794 shares in the company, valued at $2,213,957.34. This represents a 18.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Walz sold 16,800 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last three months. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CVX. Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, July 2nd. Barclays decreased their price target on Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. TD Cowen raised their price target on Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley lifted their price objective on Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, Mizuho set a $224.00 price objective on Chevron in a report on Monday, August 3rd. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $211.35.

Key Stories Impacting Chevron

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

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.