22,014 Shares of Chevron Corporation $CVX Purchased by ASK Capital Investment Managers LLC

Key Points

• ASK Capital Investment Managers bought 22,014 Chevron shares worth approximately $4.5 million, making Chevron its eighth-largest holding and about 5% of its portfolio. Institutional investors and hedge funds own 72.42% of the stock.
• Chevron reported quarterly EPS of $6.06, exceeding estimates, while revenue rose 57.4% year over year to $67.2 billion. The company also maintained its $1.78 quarterly dividend, equivalent to a 3.3% yield.
• Analysts broadly remain positive, with a consensus “Moderate Buy” rating and an average price target of $213.08, although recent insider selling and concerns about valuation and a planned $3–$4 billion charge present potential risks.

ASK Capital Investment Managers LLC bought a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,014 shares of the oil and gas company's stock, valued at approximately $4,495,000. Chevron accounts for about 5.0% of ASK Capital Investment Managers LLC's investment portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron during the 1st quarter worth approximately $25,000. Main Street Group LTD acquired a new position in Chevron in the first quarter valued at approximately $28,000. Phillip James Consulting Co. purchased a new position in Chevron in the fourth quarter worth approximately $26,000. Kilter Group LLC purchased a new position in Chevron in the second quarter worth approximately $28,000. Finally, Basso Capital Management L.P. purchased a new position in Chevron in the fourth quarter worth approximately $27,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CVX shares. Bank of America lifted their target price on Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price target on Chevron from $190.00 to $222.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Jefferies Financial Group raised their price objective on Chevron from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. UBS Group boosted their price objective on shares of Chevron from $220.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, October 8th. Finally, BMO Capital Markets upped their target price on shares of Chevron from $210.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of "Moderate Buy" and an average price target of $213.08.

Insider Transactions at Chevron

In other news, insider R. Pate sold 2,470 shares of Chevron stock in a transaction 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 completion of the sale, the insider directly owned 10,794 shares of the company's stock, valued at approximately $2,213,957.34. The trade was a 18.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 value of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company's stock.

Chevron Stock Performance

NYSE:CVX opened at $218.01 on Wednesday. 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 stock has a market capitalization of $430.73 billion, a P/E ratio of 20.90, a PEG ratio of 0.60 and a beta of 0.53. The company has a 50 day moving average price of $205.49 and a 200 day moving average price of $193.13. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $218.79.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.51. The firm 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 firm's revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. Equities research analysts forecast that Chevron Corporation will post 17.43 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given 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 (DPR) is currently 68.26%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: An analyst upgrade helped support Chevron’s recent advance, while TD Cowen raised its price target from $215 to $225 and Erste Group increased its FY2026 and FY2027 EPS forecasts to $16.90 and $13.78, respectively. Chevron Stock Jumps After Analyst Upgrade Chevron Price Target Increase from TD Cowen
• Positive Sentiment: Chevron’s operating outlook is benefiting from the first commercial gas production in Australia’s Beetaloo Basin, progress on the Aphrodite gas project with Egypt, and longer-term production growth tied to the Hess integration and international gas assets. Chevron and Beetaloo Gas Chevron and Egypt Discuss Aphrodite Pipeline
• Positive Sentiment: Offshore operations in the U.S. Gulf are being restored after Hurricane Isaias, with no major facility damage reported. The recovery limits the potential duration of production disruptions. Chevron Gulf Production Recovery
• Positive Sentiment: Recent coverage highlights Chevron’s strong cash flow, expanding production, cost savings, dividend appeal and performance ahead of the broader energy sector. Zacks also included CVX among its top-rated income stocks. CVX Outpaces Industry
• Neutral Sentiment: Chevron is reorganizing senior leadership effective January 2027, moving current CFO Eimear Bonner to lead Oil, Products & Gas and appointing Jeff Gustavson as CFO. The changes could improve integration of lower-carbon businesses, but execution remains to be demonstrated.
• Negative Sentiment: Valuation is becoming a concern after the rally: GF Value characterizes CVX as overvalued, while one reported average analyst target of $213.08 is below the recent trading level. Chevron Valuation Analysis
• Negative Sentiment: Chevron’s planned one-time charge of roughly $3 billion to $4 billion will weigh on reported results, while its warning that diesel and fuel-export restrictions could backfire introduces policy risk.

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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