30,707 Shares in Chevron Corporation $CVX Purchased by Bell & Brown Wealth Advisors LLC

Key Points

• Bell & Brown Wealth Advisors LLC purchased 30,707 Chevron shares worth approximately $5.09 million in the second quarter, making CVX its 25th-largest holding. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported stronger-than-expected quarterly results, with $6.06 in earnings per share and $67.2 billion in revenue, while its Angola discovery and Equinor’s Namibia partnership could support future production growth.
• Analysts maintain a favorable “Moderate Buy” consensus, but substantial insider selling—including CEO Michael Wirth’s roughly $63.6 million sale—and weaker oil prices remain potential risks.

Bell & Brown Wealth Advisors LLC purchased a new stake in shares of Chevron Corporation (NYSE:CVX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,707 shares of the oil and gas company's stock, valued at approximately $5,090,000. Chevron accounts for 1.5% of Bell & Brown Wealth Advisors LLC's holdings, making the stock its 25th biggest position.

A number of other large investors have also added to or reduced their stakes in CVX. Midwest Capital Advisors LLC bought a new stake in shares of Chevron in the first quarter valued at $25,000. Core Wealth Advisors LLC bought a new position in shares of Chevron during the 4th quarter worth $26,000. Phillip James Consulting Co. bought a new position in shares of Chevron during the 4th quarter worth $26,000. Basso Capital Management L.P. bought a new position in shares of Chevron during the 4th quarter worth $27,000. Finally, Karpus Management Inc. purchased a new stake in Chevron in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron announced an oil and gas condensate discovery at the 105-4X well in offshore Angola’s Block 0. The well encountered a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay; its proximity to existing infrastructure could allow a relatively low-cost tie-back and support future production growth. Chevron Angola discovery article
• Positive Sentiment: Equinor agreed to acquire a 17.4% interest in Chevron-operated exploration licence PEL 90 offshore Namibia. The partnership shares exploration costs while Chevron retains operatorship, reducing financial exposure ahead of a planned 2026 drilling program in the Orange Basin. Equinor Namibia stake article
• Positive Sentiment: Traders purchased 62,675 CVX call options, roughly 45% above typical volume, signaling increased near-term bullish interest.
• Positive Sentiment: Chevron’s quarterly dividend of $1.78 per share is scheduled for September 10, representing a $7.12 annualized payout and an approximately 3.5% yield. The dividend supports CVX’s appeal to income-focused investors.
• Neutral Sentiment: Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $207.13, although the target implies limited upside from recent levels.
• Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported ownership by 92.34%. Another insider, Andrew Benjamin Walz, sold 16,800 shares for about $3.4 million. The transactions may weigh on sentiment, although insider sales can reflect personal or scheduled financial planning. Chevron insider filing
• Negative Sentiment: Recent weakness in oil prices remains a risk because lower commodity prices can reduce Chevron’s upstream revenue, earnings and cash flow.

Chevron Stock Up 0.0%

Shares of NYSE:CVX opened at $205.78 on Thursday. The firm has a fifty day moving average price of $184.27 and a two-hundred day moving average price of $187.75. The company has a market cap of $406.57 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 0.63 and a beta of 0.49. 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 Corporation has a one year low of $146.49 and a one year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analysts' expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business's quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 earnings per share. Analysts anticipate that Chevron Corporation will post 15.86 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio is presently 68.26%.

Insider Activity

In other Chevron news, insider Andrew Benjamin 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 directly owned 14 shares of the company's stock, valued at $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,150,112 shares of company stock worth $225,347,040. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CVX has been the topic of several research reports. TD Cowen boosted their price target on shares of Chevron from $200.00 to $205.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Mizuho set a $224.00 price objective on shares of Chevron in a report on Monday, August 3rd. Wolfe Research upgraded 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 note on Thursday, July 2nd. UBS Group reissued a "buy" rating on shares of Chevron in a report on Tuesday, June 23rd. Finally, Dbs Bank upgraded Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $207.48.

Chevron Profile

Chevron Corporation NYSE: CVX is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron's core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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