Brookstone Capital Management Purchases 29,382 Shares of Chevron Corporation $CVX

Key Points

• Brookstone Capital Management increased its Chevron stake by 31.6% in the third quarter, purchasing 29,382 shares and bringing its holdings to 122,461 shares valued at approximately $25.0 million.
• Institutional investors and hedge funds own 72.42% of Chevron, while several other investment firms also initiated or expanded positions during the second and third quarters.
• Chevron reported quarterly EPS of $6.06, exceeding analyst expectations, and maintains a $7.12 annualized dividend, yielding about 3.1%; analysts collectively rate the stock “Moderate Buy.”

Brookstone Capital Management lifted its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,461 shares of the oil and gas company's stock after buying an additional 29,382 shares during the period. Brookstone Capital Management's holdings in Chevron were worth $25,008,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CVX. Blue Capital Inc. bought a new stake in shares of Chevron in the second quarter valued at approximately $786,000. OneAscent Wealth Management LLC bought a new position in Chevron during the 2nd quarter valued at about $973,000. Global Retirement Partners LLC bought a new stake in shares of Chevron during the second quarter worth $14,276,000. Greg Jennings LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at $1,314,000. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in Chevron by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company's stock valued at $186,182,000 after acquiring an additional 5,787 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Performance

Shares of CVX stock opened at $233.39 on Friday. The company has a market cap of $461.13 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.54 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. The firm has a 50 day moving average of $210.61 and a 200-day moving average of $194.38.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) 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 net margin of 9.57% and a return on equity of 11.09%. Chevron's quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 EPS. On average, equities analysts forecast that Chevron Corporation will post 18.20 earnings per share 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 was Wednesday, August 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. Chevron's dividend payout ratio is currently 68.26%.

Insider Activity at Chevron

In related news, insider R. Pate sold 40,700 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the transaction, the insider directly owned 8,791 shares of the company's stock, valued at approximately $1,992,480.15. This represents a 82.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrew Walz sold 16,800 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,195,682 shares of company stock worth $235,619,780 over the last three months. 0.56% of the stock is currently owned by company insiders.

Chevron News Roundup

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 Upgrades and Downgrades

A number of brokerages have weighed in on CVX. Barclays cut their price target on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, August 17th. Wall Street Zen upgraded Chevron from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. TD Cowen upped their target price on Chevron from $215.00 to $225.00 and gave the company a "hold" rating in a research report on Monday, October 12th. Bank of America boosted their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Finally, BNP Paribas Exane reduced their price objective on shares of Chevron from $230.00 to $224.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.96.

Chevron 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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