35,909 Shares in Chevron Corporation $CVX Purchased by SGL Investment Advisors Inc.

Key Points

• SGL Investment Advisors purchased 35,909 Chevron shares worth approximately $7 million, making Chevron its 10th-largest holding and representing 2.4% of its portfolio. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported stronger-than-expected quarterly results, with adjusted EPS of $6.06 and revenue of $67.2 billion. The company also declared a quarterly dividend of $1.78, or $7.12 annually, yielding about 3.5%.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $207.48, although insiders sold substantial shares recently, including CEO Michael Wirth’s approximately $63.6 million sale.

SGL Investment Advisors Inc. purchased a new position in Chevron Corporation (NYSE:CVX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,909 shares of the oil and gas company's stock, valued at approximately $6,999,000. Chevron comprises approximately 2.4% of SGL Investment Advisors Inc.'s holdings, making the stock its 10th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron in the first quarter worth approximately $25,000. Core Wealth Advisors LLC acquired a new position in Chevron during the fourth quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new position in Chevron during the fourth quarter worth approximately $26,000. Basso Capital Management L.P. purchased a new position in Chevron during the fourth quarter worth approximately $27,000. Finally, Karpus Management Inc. acquired a new position in shares of Chevron in the 4th quarter valued at $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 confirmed a sizable oil and gas condensate discovery at the 105-4X well in offshore Angola’s Block 0. The more than 600-meter hydrocarbon column and over 90 meters of net pay could support future production, while a tie-back to existing facilities may reduce development costs. Chevron Angola discovery analysis
• Positive Sentiment: Equinor’s agreement to acquire a 17.4% interest in Chevron-operated offshore Namibia exploration acreage allows CVX to share exploration costs while retaining operatorship, reducing financial exposure ahead of planned 2026 drilling. Equinor enters Namibia with stake in Chevron-operated block
• Positive Sentiment: Options traders purchased unusually large volumes of CVX call options, indicating stronger bullish positioning and potentially adding momentum to the rally.
• Positive Sentiment: Chevron’s shareholder-return profile remains supportive: the company recently declared a $1.78 quarterly dividend, equivalent to $7.12 annually and an approximately 3.5% yield. Its latest quarterly results also exceeded expectations, with adjusted EPS of $6.06 versus $5.55 expected and revenue of $67.2 billion versus $62.72 billion forecast.
• Neutral Sentiment: Analyst sentiment is broadly favorable. Morgan Stanley raised its target to $218 and maintained an overweight rating, while the broader analyst consensus remains “Moderate Buy.” However, the stock’s continued performance is highly sensitive to crude prices and Middle East developments.
• Negative Sentiment: Several insiders sold shares, including CEO Michael Wirth’s sale of 317,100 shares worth about $63.6 million and Andrew Benjamin Walz’s sale of 16,800 shares. These transactions may weigh on sentiment, although they can reflect personal financial planning rather than concerns about Chevron’s fundamentals. Chevron CEO SEC filing

Insider Activity

In related news, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the sale, the director owned 178,045 shares of the company's stock, valued at $34,587,021.70. The trade was a 35.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. This represents a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last 90 days. Company insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CVX. TD Cowen upped their price objective on Chevron from $200.00 to $205.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. UBS Group reissued a "buy" rating on shares of Chevron in a research report on Tuesday, June 23rd. Weiss Ratings upgraded Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Mizuho set a $224.00 target price on Chevron in a report on Monday, August 3rd. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $216.00 target price on shares of Chevron in a research report on Wednesday, May 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $207.48.

Chevron Trading Up 0.0%

NYSE:CVX opened at $205.85 on Friday. 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 12 month low of $146.49 and a 12 month high of $214.71. The firm has a market capitalization of $406.71 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 0.63 and a beta of 0.49. The business's 50-day moving average is $184.67 and its two-hundred day moving average is $187.95.

Chevron (NYSE:CVX - Get Free Report) last released 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 firm 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%.Chevron's revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. Research analysts predict that Chevron Corporation will post 15.86 earnings per share for the current fiscal year.

Chevron Dividend Announcement

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

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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