Adams Natural Resources Fund Inc. Purchases 7,600 Shares of Chevron Corporation $CVX

Adams Natural Resources Fund Inc. increased its position in Chevron Corporation (NYSE:CVX - Free Report) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 594,224 shares of the oil and gas company's stock after purchasing an additional 7,600 shares during the quarter. Chevron accounts for 13.5% of Adams Natural Resources Fund Inc.'s portfolio, making the stock its 2nd largest position. Adams Natural Resources Fund Inc.'s holdings in Chevron were worth $121,346,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CVX. State Street Corp grew its stake in Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company's stock valued at $28,016,651,000 after purchasing an additional 5,998,852 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Chevron in the 2nd quarter valued at approximately $25,663,729,000. Bank of America Corp DE raised its position in shares of Chevron by 5.1% in the 1st quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company's stock valued at $5,716,694,000 after purchasing an additional 1,334,976 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Chevron during the 2nd quarter valued at approximately $2,378,114,000. Finally, Amundi boosted its stake in shares of Chevron by 14.1% during the 2nd quarter. Amundi now owns 13,900,271 shares of the oil and gas company's stock valued at $2,304,109,000 after buying an additional 1,714,835 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Trending Headlines about 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

Chevron Trading Up 3.0%

Shares of NYSE CVX opened at $233.39 on Friday. 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 12 month low of $146.49 and a 12 month high of $233.74. The company has a market cap of $461.13 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 0.54 and a beta of 0.53. The business has a fifty day simple moving average of $210.61 and a 200-day simple moving average of $194.38.

Chevron (NYSE:CVX - Get Free Report) last announced its 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. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion during the quarter, compared to analysts' expectations of $62.72 billion. During the same period last year, the company posted $1.77 earnings per share. The business's revenue for the quarter was up 57.4% on a year-over-year basis. Sell-side analysts predict that Chevron Corporation will post 18.20 EPS for the current year.

Chevron Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CVX. TD Cowen boosted their target price on shares of Chevron from $215.00 to $225.00 and gave the stock a "hold" rating in a research report on Monday, October 12th. Morgan Stanley lifted their target price on Chevron from $218.00 to $226.00 and gave the stock an "overweight" rating in a research report on Thursday, October 15th. Piper Sandler upped their price target on Chevron from $207.00 to $243.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Barclays decreased their price objective on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, August 17th. Finally, Wells Fargo & Company increased their target price on shares of Chevron from $226.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chevron currently has a consensus rating of "Moderate Buy" and an average target price of $213.96.

Insider Buying and Selling

In other news, 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 value of $9,224,655.00. Following the completion of the sale, the insider directly owned 8,791 shares in the company, valued at approximately $1,992,480.15. The trade was a 82.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value 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. The trade was a 92.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,195,682 shares of company stock valued at $235,619,780 over the last 90 days. 0.56% of the stock is currently owned by insiders.

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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