6,433 Shares in Chevron Corporation $CVX Bought by Greg Jennings LLC

Key Points

• Greg Jennings LLC acquired 6,433 Chevron shares worth approximately $1.31 million during the third quarter, making Chevron its 24th-largest holding and about 0.9% of its portfolio.
• Chevron reported quarterly EPS of $6.06, beating estimates of $5.55, while revenue rose 57.4% year over year to $67.2 billion. The company also paid a quarterly dividend of $1.78 per share, representing an annualized yield of about 3.2%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $213.42 target price, although insiders sold more than 1.15 million shares worth approximately $225.9 million over the past 90 days.

Greg Jennings LLC bought a new position in Chevron Corporation (NYSE:CVX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,433 shares of the oil and gas company's stock, valued at approximately $1,314,000. Chevron comprises approximately 0.9% of Greg Jennings LLC's investment portfolio, making the stock its 24th biggest position.

A number of other large investors have also added to or reduced their stakes in CVX. Blue Capital Inc. purchased a new stake in Chevron during the second quarter valued at $786,000. OneAscent Wealth Management LLC bought a new position in Chevron in the second quarter valued at about $973,000. Global Retirement Partners LLC purchased a new position in Chevron in the second quarter worth about $14,276,000. Ferguson Wellman Capital Management Inc. boosted its position in Chevron by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company's stock worth $186,182,000 after purchasing an additional 5,787 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company's stock worth $258,853,000 after purchasing an additional 79,439 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

Shares of CVX opened at $224.53 on Tuesday. The business has a 50-day simple moving average of $208.18 and a two-hundred day simple moving average of $193.52. 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 Corporation has a 52 week low of $146.49 and a 52 week high of $225.67. The stock has a market cap of $443.62 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 0.61 and a beta of 0.53.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm had revenue of $67.20 billion for the quarter, compared to analysts' expectations of $62.72 billion. During the same period in the previous year, the firm earned $1.77 EPS. The business's quarterly revenue was up 57.4% on a year-over-year basis. On average, analysts expect that Chevron Corporation will post 17.71 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is 68.26%.

Analyst Ratings Changes

A number of research firms have issued reports on CVX. HSBC set a $90.00 price target on Chevron in a research note on Friday, September 25th. Wolfe Research upgraded 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 note on Thursday, July 2nd. BMO Capital Markets raised their price objective on shares of Chevron from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Raymond James Financial dropped their price objective on shares of Chevron from $230.00 to $225.00 and set an "outperform" rating on the stock in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group cut their target price on shares of Chevron from $240.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $213.42.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts are raising Chevron’s earnings estimates, suggesting stronger expected profitability and potentially supporting continued share-price momentum. Earnings Estimates Moving Higher for Chevron
• Positive Sentiment: Crude prices have reportedly surged more than 77% in 2026 amid Middle East tensions, creating a favorable revenue and cash-flow backdrop for Chevron and other large oil producers. Buy Giant Oil Explorers
• Positive Sentiment: Chevron is benefiting from Permian Basin drilling efficiencies, lower development costs and disciplined capital spending, which could strengthen production economics. Permian Oil Stocks
• Positive Sentiment: Recent coverage highlights potential upside from deals involving Venezuela and Greece, as well as Chevron’s available refining capacity. Chevron Record High
• Positive Sentiment: Chevron reportedly ranked among the stocks in former President Donald Trump’s portfolio, while Citadel increased its Chevron position by 146% in the second quarter—signals of notable institutional and high-profile investor interest. Trump and Famous Billionaires Were Buying This Oil Stock
• Neutral Sentiment: Chevron will report third-quarter results on October 30. Investors may remain cautious ahead of the report, particularly after the company’s shares recently reached a record level. Chevron vs. ExxonMobil
• Neutral Sentiment: Analyst commentary characterizes Chevron as a value-oriented, broker-favored dividend stock and compares it favorably with ExxonMobil on growth, while noting Exxon’s greater scale and diversification. Chevron Broker Ratings

Insider Activity at Chevron

In other news, insider Andrew Walz sold 16,800 shares of Chevron 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 sale, the insider owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider R. Pate sold 2,470 shares of the business's stock in a transaction on 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 directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, 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 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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