4,981 Shares in Chevron Corporation $CVX Purchased by Northcape Wealth Management LLC

Key Points

• Northcape Wealth Management acquired 4,981 Chevron shares worth approximately $826,000, while institutional investors collectively own 72.42% of the company.
• Analyst sentiment is favorable, with 20 Buy ratings, five Holds and one Sell, producing a consensus “Moderate Buy” rating and an average price target near $207. Chevron also exceeded quarterly earnings and revenue expectations.
• Chevron declared a quarterly dividend of $1.78 per share, equivalent to $7.12 annually and a yield of about 3.5%; however, insiders sold more than 1.15 million shares worth approximately $225.3 million over the past three months.

Northcape Wealth Management LLC acquired a new position in Chevron Corporation (NYSE:CVX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,981 shares of the oil and gas company's stock, valued at approximately $826,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Midwest Capital Advisors LLC bought a new stake in shares of Chevron in the 1st quarter worth approximately $25,000. Core Wealth Advisors LLC bought a new position in Chevron during the 4th quarter valued at approximately $26,000. Phillip James Consulting Co. bought a new position in Chevron during the 4th quarter valued at approximately $26,000. Basso Capital Management L.P. bought a new position in Chevron during the 4th quarter valued at approximately $27,000. Finally, Karpus Management Inc. purchased a new position in Chevron during the fourth quarter valued at $27,000. Institutional investors own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of several analyst reports. Weiss Ratings raised Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group restated a "buy" rating and set a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. TD Cowen upped their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Wolfe Research raised 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. Finally, Barclays reduced their price objective on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $207.48.

Insider Transactions at Chevron

In related news, insider Andrew Benjamin Walz sold 16,800 shares of the stock in a transaction that occurred 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 represents a 99.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Hess sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the sale, the director owned 178,045 shares in the company, valued at $34,587,021.70. This represents a 35.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,150,112 shares of company stock worth $225,347,040 over the last three months. 0.56% of the stock is currently owned by company insiders.

Chevron Stock Up 0.0%

CVX stock opened at $205.78 on Thursday. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $214.71. The business has a fifty day moving average price of $184.27 and a 200-day moving average price of $187.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market capitalization of $406.57 billion, a P/E ratio of 19.73, a P/E/G ratio of 0.63 and a beta of 0.49.

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 return on equity of 11.09% and a net margin of 9.57%.The company had revenue of $67.20 billion for the quarter, compared to analysts' expectations of $62.72 billion. During the same period last year, the firm posted $1.77 earnings per share. Chevron's revenue was up 57.4% compared to the same quarter last year. Equities analysts forecast that Chevron Corporation will post 15.86 earnings per share for the current fiscal year.

Chevron Dividend Announcement

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

Key Stories Impacting Chevron

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 Company 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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