8,145 Chevron Corporation $CVX Shares Acquired by Beaumont Financial Advisors LLC

Key Points

• Beaumont Financial Advisors increased its Chevron stake by 42.8% in the third quarter, purchasing 8,145 additional shares and bringing its holdings to 27,177 shares valued at approximately $5.55 million. Institutional investors own 72.42% of Chevron.
• Chevron’s outlook is supported by oil prices above $110 per barrel, expected earnings growth, and potential international expansion in Argentina’s Vaca Muerta and Iraq’s West Qurna 2. However, the company faces execution and geopolitical risks, while it is also considering selling roughly $1 billion in mature Gulf of Mexico assets.
• Analysts maintain a generally positive view, with Chevron receiving a “Moderate Buy” consensus rating and an average price target of $213.96. The stock recently traded near its 52-week high, while insiders have sold substantial holdings, including CEO Michael Wirth’s 317,100-share sale.

Beaumont Financial Advisors LLC increased its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 42.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,177 shares of the oil and gas company's stock after buying an additional 8,145 shares during the period. Beaumont Financial Advisors LLC's holdings in Chevron were worth $5,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in Chevron during the first quarter valued at approximately $25,000. Main Street Group LTD bought a new position in Chevron in the first quarter worth approximately $28,000. Kilter Group LLC purchased a new stake in Chevron during the second quarter worth $28,000. Principia Wealth Advisory LLC lifted its holdings in Chevron by 49.6% during the second quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company's stock worth $30,000 after buying an additional 60 shares during the period. Finally, Financial Connections Group Inc. lifted its holdings in Chevron by 129.3% during the first quarter. Financial Connections Group Inc. now owns 211 shares of the oil and gas company's stock worth $43,000 after buying an additional 119 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What's Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

Analyst Ratings Changes

Several analysts have issued reports on CVX shares. Raymond James Financial dropped their target price on Chevron from $230.00 to $225.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. BNP Paribas Exane decreased their price objective on Chevron from $230.00 to $224.00 and set an "outperform" rating for the company in a research note on Friday, July 17th. TD Cowen upped their price objective on Chevron from $215.00 to $225.00 and gave the stock a "hold" rating in a research note on Monday, October 12th. Royal Bank Of Canada increased their price target on shares of Chevron from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. Finally, Mizuho set a $234.00 price target on shares of Chevron in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $213.96.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the business's stock in a transaction on Friday, August 14th. The shares were 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 directly owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R. Pate sold 40,700 shares of the business's stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the transaction, the insider owned 8,791 shares of the company's stock, valued at $1,992,480.15. This represents a 82.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,195,682 shares of company stock worth $235,619,780 over the last ninety days. 0.56% of the stock is owned by insiders.

Chevron Price Performance

Shares of NYSE CVX opened at $233.39 on Monday. The business's 50 day moving average price is $210.61 and its 200 day moving average price is $194.35. The firm has a market cap of $461.13 billion, a P/E ratio of 22.38, a P/E/G ratio of 0.55 and a beta of 0.53. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $233.74. 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 (NYSE:CVX - Get Free Report) last issued 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. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the company earned $1.77 EPS. Chevron's quarterly revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts expect that Chevron Corporation will post 18.20 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron's dividend payout ratio is 68.26%.

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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