B.A. Schrock Wealth Management Inc. Buys 16,149 Shares of Chevron Corporation $CVX

Key Points

• B.A. Schrock Wealth Management initiated a Chevron position by purchasing 16,149 shares valued at approximately $3.35 million during the third quarter. Institutional investors and hedge funds collectively own 72.42% of Chevron.
• Analyst sentiment remains positive: Chevron has an average “Moderate Buy” rating and an average price target of $213.42, although the stock recently traded near its 52-week high, raising valuation concerns.
• Chevron continues to offer income appeal with a quarterly dividend of $1.78 per share, equivalent to a $7.12 annualized payout and a 3.2% yield. However, recent insider selling and warnings about depleted global oil-market safety buffers represent notable risks.

B.A. Schrock Wealth Management Inc. bought a new stake in shares of Chevron Corporation (NYSE:CVX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,149 shares of the oil and gas company's stock, valued at approximately $3,345,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CVX. Howard Financial Services LTD. raised its stake in Chevron by 8.6% during the 3rd quarter. Howard Financial Services LTD. now owns 5,836 shares of the oil and gas company's stock valued at $1,192,000 after purchasing an additional 464 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in Chevron by 3.8% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 272,206 shares of the oil and gas company's stock valued at $55,587,000 after purchasing an additional 10,053 shares during the period. Mather Group LLC. boosted its holdings in Chevron by 77.3% in the 3rd quarter. Mather Group LLC. now owns 89,259 shares of the oil and gas company's stock valued at $18,391,000 after purchasing an additional 38,926 shares during the period. Hudock Inc. grew its position in Chevron by 5.3% in the 3rd quarter. Hudock Inc. now owns 21,104 shares of the oil and gas company's stock worth $4,363,000 after purchasing an additional 1,054 shares during the last quarter. Finally, West Wealth Group LLC grew its position in Chevron by 9.1% in the 3rd quarter. West Wealth Group LLC now owns 2,651 shares of the oil and gas company's stock worth $541,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley
• Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations
• Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock.
• Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high
• Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted
• Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis

Insider Activity

In other news, Director John B. Hess sold 710,665 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the sale, the director owned 363,711 shares of the company's stock, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the transaction, the insider owned 10,794 shares of the company's stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,152,582 shares of company stock valued at $225,853,661 in the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen boosted their price objective on shares of Chevron from $215.00 to $225.00 and gave the stock a "hold" rating in a report on Monday. Bank of America increased their target price on shares of Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Piper Sandler increased their target price on shares of Chevron from $207.00 to $243.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. Wells Fargo & Company lifted their target price on Chevron from $226.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group lowered their price target on Chevron from $240.00 to $228.00 and set a "buy" rating on the stock in a research note 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 issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $213.42.

Chevron Price Performance

NYSE:CVX opened at $219.51 on Friday. The company has a market capitalization of $433.71 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 0.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $223.46. The company has a 50-day moving average of $206.81 and a 200-day moving average of $193.29.

Chevron (NYSE:CVX - Get Free Report) last released 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. 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%. The company's quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. As a group, equities research analysts anticipate that Chevron Corporation will post 17.53 earnings per share for the current fiscal year.

Chevron Announces Dividend

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

About Chevron

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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