Chevron Corporation $CVX Shares Sold by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors reduced its Chevron stake by 5.2% in the third quarter, selling 25,394 shares and retaining 460,621 shares valued at approximately $94.1 million. Institutional investors and hedge funds collectively own 72.42% of Chevron.
• Chevron insiders were net sellers: executives sold more than 1.15 million shares worth approximately $225.9 million during the quarter, while insiders own just 0.56% of the company.
• Chevron reported strong operating results and maintains an attractive dividend profile. Quarterly EPS of $6.06 and revenue of $67.2 billion exceeded analyst expectations, while the company’s annualized dividend is $7.12 per share, yielding about 3.2%; analysts maintain a consensus “Moderate Buy” rating.

Fort Washington Investment Advisors Inc. OH lessened its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 460,621 shares of the oil and gas company's stock after selling 25,394 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Chevron were worth $94,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CVX. Blue Capital Inc. acquired a new stake in shares of Chevron in the second quarter valued at approximately $786,000. OneAscent Wealth Management LLC purchased a new position in shares of Chevron during the second quarter worth approximately $973,000. Global Retirement Partners LLC acquired a new position in shares of Chevron in the 2nd quarter valued at $14,276,000. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Chevron by 0.6% in the 3rd 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 period. Finally, Janney Montgomery Scott LLC increased its holdings 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 valued at $258,853,000 after acquiring an additional 79,439 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Andrew Walz sold 16,800 shares of Chevron 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 sale, the insider directly owned 14 shares in the company, valued at $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $506,621.70. Following the completion of the sale, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company's stock.

Chevron Trading Down 1.1%

NYSE CVX opened at $219.51 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. The stock has a market capitalization of $433.71 billion, a P/E ratio of 21.05, a P/E/G ratio of 0.61 and a beta of 0.53. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $223.46. The firm has a 50-day moving average price of $206.81 and a 200 day moving average price of $193.29.

Chevron (NYSE:CVX - Get Free Report) last announced 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. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The firm's revenue for the quarter was up 57.4% compared to the same quarter last year. Equities research analysts expect that Chevron Corporation will post 17.53 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron's dividend payout ratio is 68.26%.

Key Chevron News

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on CVX shares. Wolfe Research upgraded shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 price target for the company in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. The Goldman Sachs Group lowered their price objective on shares of Chevron from $240.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Chevron from $190.00 to $222.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Finally, Barclays dropped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.42.

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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