Advisors Capital Management LLC Invests $91.90 Million in Chevron Corporation $CVX

Key Points

• Advisors Capital Management acquired 554,410 Chevron shares valued at approximately $91.9 million, making CVX about 1% of its portfolio. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported stronger-than-expected quarterly results, with EPS of $6.06 versus the $5.55 consensus and revenue of $67.2 billion versus $62.72 billion expected. The company also declared a $1.78 quarterly dividend, representing a 3.5% yield.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $207.48 price target, although insiders—including CEO Michael Wirth—have sold substantial shares totaling about $225.9 million over the past 90 days.

Advisors Capital Management LLC acquired a new position in Chevron Corporation (NYSE:CVX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 554,410 shares of the oil and gas company's stock, valued at approximately $91,899,000. Chevron makes up approximately 1.0% of Advisors Capital Management LLC's investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Chevron in the second quarter worth $14,276,000. Indivisible Partners bought a new position in shares of Chevron during the fourth quarter valued at $1,923,000. Janney Montgomery Scott LLC raised its position in shares of Chevron by 6.8% in the 1st 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. Galaxy Digital Inc. bought a new position in Chevron in the 1st quarter worth about $2,028,000. Finally, Osprey Private Wealth LLC boosted its stake in Chevron by 556.4% in the 4th quarter. Osprey Private Wealth LLC now owns 9,190 shares of the oil and gas company's stock worth $1,401,000 after purchasing an additional 7,790 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Buying and Selling at Chevron

In related news, insider Andrew Benjamin Walz sold 16,800 shares of Chevron stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the transaction, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the business's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company's stock, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by corporate insiders.

Chevron Price Performance

NYSE CVX opened at $205.85 on Friday. The stock has a market capitalization of $406.71 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.63 and a beta of 0.49. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $214.71. 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 business's fifty day moving average price is $184.67 and its 200-day moving average price is $187.95.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results 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. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron's revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 earnings per share. On average, equities analysts predict that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed 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. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio is 68.26%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CVX. Sanford C. Bernstein lifted their target price on shares of Chevron from $204.00 to $209.00 and gave the stock a "market perform" rating in a report on Monday, August 3rd. Dbs Bank upgraded shares of Chevron to a "moderate buy" rating in a report on Thursday, August 6th. Mizuho set a $224.00 price objective on shares of Chevron in a report on Monday, August 3rd. Morgan Stanley upped their price objective on Chevron from $210.00 to $218.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $216.00 target price on shares of Chevron in a research note on Friday, July 10th. 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 stock. Based on data from MarketBeat.com, Chevron has a consensus rating of "Moderate Buy" and a consensus price target of $207.48.

Key Stories Impacting Chevron

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

About Chevron

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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