10,205 Chevron Corporation $CVX Shares Sold by Ninety One SA Pty Ltd

Key Points

• Ninety One SA Pty Ltd reduced its Chevron stake by 9.6%, selling 10,205 shares and retaining 96,263 shares valued at approximately $19.7 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron insiders sold 1.15 million shares worth about $225.9 million over the past 90 days, including substantial sales by Director John B. Hess and insider Andrew Walz.
• Chevron reported quarterly EPS of $6.06, exceeding estimates, while revenue rose 57.4% year over year to $67.2 billion. The company also maintains a quarterly dividend of $1.78 per share, equivalent to a 3.2% annualized yield.

Ninety One SA Pty Ltd trimmed its position in Chevron Corporation (NYSE:CVX - Free Report) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,263 shares of the oil and gas company's stock after selling 10,205 shares during the period. Chevron comprises 1.0% of Ninety One SA Pty Ltd's portfolio, making the stock its 13th biggest holding. Ninety One SA Pty Ltd's holdings in Chevron were worth $19,696,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CVX. Blue Capital Inc. bought a new stake in Chevron during the second quarter valued at about $786,000. OneAscent Wealth Management LLC bought a new position in shares of Chevron in the second quarter worth about $973,000. Global Retirement Partners LLC bought a new position in shares of Chevron in the second quarter worth about $14,276,000. Ferguson Wellman Capital Management Inc. raised its stake in shares of Chevron by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company's stock worth $186,182,000 after buying an additional 5,787 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of Chevron by 6.8% during 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 buying an additional 79,439 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 710,665 shares of Chevron stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the transaction, the director directly owned 363,711 shares of the company's stock, valued at $70,596,305.10. The trade was a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Walz sold 16,800 shares of the business's 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 transaction, the insider owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last ninety days. Corporate insiders own 0.56% of the company's stock.

Chevron Stock Performance

Shares of NYSE CVX opened at $219.51 on Friday. The company has a market cap of $433.71 billion, a P/E ratio of 21.05, a P/E/G ratio of 0.61 and a beta of 0.53. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $223.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm's fifty day moving average is $206.81 and its two-hundred day moving average is $193.29.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The business's revenue was up 57.4% on a year-over-year basis. As a group, analysts anticipate that Chevron Corporation will post 17.53 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.2%. Chevron's dividend payout ratio is presently 68.26%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley
• Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations
• Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock.
• Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high
• Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted
• Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays cut their price objective on Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. Wolfe Research upgraded shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 price objective on the stock in a research report on Thursday, July 2nd. UBS Group boosted their price objective on Chevron from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, October 8th. Sanford C. Bernstein upped their price objective on Chevron from $204.00 to $209.00 and gave the stock a "market perform" rating in a research note on Monday, August 3rd. Finally, TD Cowen increased their target price on Chevron from $215.00 to $225.00 and gave the stock a "hold" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $213.42.

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.

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