Chevron Corporation $CVX Shares Sold by Sepio Capital LP

Key Points

• Sepio Capital LP cut its Chevron stake by 24.5% in the third quarter, selling 7,637 shares and retaining 23,498 shares valued at approximately $4.8 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron insiders sold substantial stock recently, including CEO Michael Wirth’s sale of 317,100 shares and R. Pate’s sale of 40,700 shares. Insiders sold $235.6 million worth of shares over the past 90 days, though the transactions were conducted under pre-arranged trading plans.
• Despite the selling, analyst sentiment remains positive, with Chevron holding a consensus “Moderate Buy” rating and an average price target of $213.96. The company also reported quarterly earnings above expectations and pays a $1.78 quarterly dividend, equal to a 3.1% annualized yield.

Sepio Capital LP lowered its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 24.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,498 shares of the oil and gas company's stock after selling 7,637 shares during the quarter. Sepio Capital LP's holdings in Chevron were worth $4,799,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Blue Capital Inc. bought a new position in Chevron during the second quarter worth about $786,000. OneAscent Wealth Management LLC acquired a new position in Chevron in the second quarter valued at about $973,000. Global Retirement Partners LLC bought a new stake in shares of Chevron in the second quarter worth about $14,276,000. Greg Jennings LLC bought a new position in shares of Chevron during the 3rd quarter valued at about $1,314,000. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Chevron by 0.6% during 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 purchasing an additional 5,787 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Transactions at Chevron

In other Chevron 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 completion of the transaction, the insider owned 8,791 shares of the company's stock, valued at $1,992,480.15. This represents a 82.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael K. Wirth sold 317,100 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,195,682 shares of company stock worth $235,619,780 in the last 90 days. 0.56% of the stock is owned by corporate 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

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Chevron from $190.00 to $222.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Argus raised their target price on shares of Chevron from $206.00 to $211.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Wells Fargo & Company lifted their price target on shares of Chevron from $226.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. BNP Paribas Exane reduced their price target on shares of Chevron from $230.00 to $224.00 and set an "outperform" rating for the company in a report on Friday, July 17th. Finally, HSBC set a $90.00 price objective on shares of Chevron in a research report on Friday, September 25th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $213.96.

Chevron Stock Performance

CVX opened at $233.39 on Friday. The business's 50-day moving average price is $210.61 and its two-hundred day moving average price is $194.38. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $233.74. The company has a market capitalization of $461.13 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 0.55 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analysts' expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. Chevron's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. Equities analysts expect that Chevron Corporation will post 18.20 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is currently 68.26%.

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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