Chevron Corporation $CVX Stock Holdings Increased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its stake in shares of Chevron Corporation (NYSE:CVX) by 103.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,832 shares of the oil and gas company’s stock after buying an additional 14,642 shares during the period. Sax Wealth Advisors LLC’s holdings in Chevron were worth $5,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in CVX. Grove Street Fiduciary LLC purchased a new stake in shares of Chevron during the third quarter valued at $224,000. Fragasso Financial Advisors Inc increased its holdings in Chevron by 6.0% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,877 shares of the oil and gas company’s stock worth $610,000 after buying an additional 162 shares during the period. NorthCrest Asset Manangement LLC lifted its position in Chevron by 3.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 153,070 shares of the oil and gas company’s stock valued at $32,382,000 after purchasing an additional 5,054 shares during the period. Scott Capital Advisors LLC purchased a new stake in Chevron in the 3rd quarter worth approximately $636,000. Finally, Sacks & Associates LLC acquired a new stake in Chevron during the third quarter valued at $860,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVX. Wells Fargo & Company lifted their target price on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Argus upped their price objective on shares of Chevron from $206.00 to $211.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. The Goldman Sachs Group lowered their price target on Chevron from $240.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Finally, Dbs Bank upgraded Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.08.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group raised its Chevron EPS estimates to $16.90 for FY2026 from $16.09 and to $13.78 for FY2027 from $13.52, signaling greater confidence in the company’s earnings outlook. Erste Group raises Chevron earnings estimates
• Positive Sentiment: TD Cowen raised its Chevron price target to $225 from $215 while maintaining a Hold rating, implying additional upside based on stronger operating and commodity expectations. Chevron price target raised by TD Cowen
• Positive Sentiment: Recent coverage highlights Chevron’s strong cash flow, expanding production, cost savings and upbeat 2026 earnings outlook. The company also continues advancing the Aphrodite gas project with Egypt, including work toward long-lead procurement and a final investment decision. Chevron outpaces the energy industry Chevron and Egypt discuss Aphrodite pipeline
• Positive Sentiment: Chevron’s Gulf of Mexico operations are being restored following hurricane-related shutdowns, reducing the risk that the disruption will become a prolonged production or cash-flow problem. Gulf oil production restoration
• Positive Sentiment: Zacks added CVX to its Rank #1 Strong Buy income-stock list, reinforcing the appeal of Chevron’s dividend and income profile. Zacks Strong Buy income stocks

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold 1,152,582 shares of company stock valued at $225,853,661 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Chevron Price Performance

CVX stock traded up $2.60 on Tuesday, reaching $217.60. 3,174,614 shares of the company’s stock were exchanged, compared to its average volume of 10,430,751. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $218.79. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm has a market cap of $429.93 billion, a PE ratio of 20.88, a P/E/G ratio of 0.59 and a beta of 0.53. The stock has a fifty day moving average of $204.94 and a 200-day moving average of $193.04.

Chevron (NYSE:CVX) last announced its quarterly 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. 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%. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.77 EPS. As a group, equities analysts predict that Chevron Corporation will post 17.34 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Chevron Company Profile

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.