AssuredPartners Investment Advisors LLC Invests $3.97 Million in Chevron Corporation $CVX

Key Points

• AssuredPartners Investment Advisors established a new $3.97 million position in Chevron during the second quarter, while hedge funds and institutional investors collectively own 72.42% of CVX shares.
• Chevron reported strong quarterly results, with $6.06 in earnings per share and $67.2 billion in revenue, significantly exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target near $207.
• Chevron offers a quarterly dividend of $1.78 per share, equivalent to a 3.5% annualized yield, but recent large insider sales and weakness in oil prices remain potential sentiment and earnings risks.

AssuredPartners Investment Advisors LLC bought a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,929 shares of the oil and gas company's stock, valued at approximately $3,966,000.

Several other hedge funds have also recently bought and sold shares of the business. United Bank increased its position in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company's stock worth $1,586,000 after acquiring an additional 796 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company's stock valued at $7,280,000 after acquiring an additional 4,214 shares in the last quarter. BNP Paribas lifted its holdings in shares of Chevron by 76.4% during the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company's stock valued at $63,000 after acquiring an additional 191 shares in the last quarter. Osterweis Capital Management Inc. boosted its position in Chevron by 678.9% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company's stock worth $195,000 after purchasing an additional 1,188 shares during the period. Finally, Main Street Financial Solutions LLC boosted its position in Chevron by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company's stock worth $2,299,000 after purchasing an additional 553 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

More Chevron News

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.

Insiders Place Their Bets

In other 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 owned 26,308 shares of the company's stock, valued at approximately $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew Benjamin Walz sold 16,800 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,150,112 shares of company stock valued at $225,347,040 over the last three months. Company insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of several recent research reports. Weiss Ratings upgraded Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Dbs Bank raised Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Piper Sandler started coverage on Chevron in a research report on Thursday, July 23rd. They issued an "overweight" rating and a $207.00 target price for the company. Jefferies Financial Group reiterated a "buy" rating and issued a $216.00 target price on shares of Chevron in a research note on Friday, July 10th. Finally, TD Cowen raised their target price on Chevron from $200.00 to $205.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chevron presently has an average rating of "Moderate Buy" and an average target price of $207.48.

Chevron Price Performance

CVX opened at $205.78 on Thursday. The firm has a market cap of $406.57 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 0.63 and a beta of 0.49. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71. The company's 50-day moving average price is $184.27 and its 200 day moving average price is $187.75. 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 earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. The company had revenue of $67.20 billion during 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 quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. As a group, sell-side analysts expect that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

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

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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