14,642 Chevron Corporation $CVX Shares Acquired by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors more than doubled its Chevron stake in the third quarter, acquiring 14,642 additional shares and bringing its total holdings to 28,832 shares valued at approximately $5.9 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron shares recently rose 1.2% to $217.60, near the company’s 52-week high. Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $213.08.
• Chevron declared a quarterly dividend of $1.78 per share, equivalent to an annualized $7.12 dividend and a 3.3% yield. Recent coverage also cited strong cash flow, production growth and improved earnings estimates, although insiders have sold more than 1.15 million shares over the past 90 days.

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Grove Street Fiduciary LLC purchased a new position in shares of Chevron in the third quarter worth about $224,000. Fragasso Financial Advisors Inc grew its position 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 valued at $610,000 after acquiring an additional 162 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Chevron by 3.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 153,070 shares of the oil and gas company's stock valued at $32,382,000 after buying an additional 5,054 shares during the period. Scott Capital Advisors LLC purchased a new stake in Chevron during the third quarter worth approximately $636,000. Finally, Sacks & Associates LLC acquired a new stake in shares of Chevron in the third quarter valued at approximately $860,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Chevron News

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

Chevron Trading Up 1.2%

NYSE CVX traded up $2.60 on Tuesday, hitting $217.60. The company's stock had a trading volume of 3,174,614 shares, compared to its average volume of 10,430,751. The company's 50-day moving average is $204.94 and its 200 day moving average is $193.04. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $218.79. The firm has a market cap of $429.93 billion, a PE ratio of 20.88, a PEG ratio of 0.59 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $62.72 billion. During the same quarter in the previous year, the company earned $1.77 EPS. Chevron's quarterly revenue was up 57.4% compared to the same quarter last year. As a group, analysts predict that Chevron Corporation will post 17.34 earnings per share for the current fiscal year.

Chevron Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVX. Sanford C. Bernstein increased 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. Morgan Stanley boosted their price objective on shares of Chevron from $210.00 to $218.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Bank of America increased their price target on shares of Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Dbs Bank raised Chevron to a "moderate buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $213.08.

Insider Buying and Selling

In other Chevron news, insider R. Pate sold 2,470 shares of Chevron 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 completion of the transaction, the insider owned 10,794 shares of the company's stock, valued at $2,213,957.34. The trade was a 18.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Hess sold 710,665 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the transaction, the director owned 363,711 shares in the company, valued at $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,152,582 shares of company stock worth $225,853,661 in the last 90 days. 0.56% of the stock is owned by company insiders.

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.

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