Chevron Corporation $CVX Shares Sold by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management cut its Chevron stake by 16.5% in the third quarter, selling 11,938 shares and retaining 60,232 shares valued at approximately $12.3 million. Institutional investors collectively own 72.42% of Chevron.
• Analyst sentiment remains positive: Chevron has a consensus “Moderate Buy” rating and a $213.42 average price target, with several firms recently raising their targets and ratings.
• Chevron reported quarterly EPS of $6.06, exceeding estimates, while revenue rose 57.4% year over year to $67.2 billion. The company also maintains a quarterly dividend of $1.78, equivalent to a 3.2% annualized yield.

WealthPlan Investment Management LLC lowered its holdings in shares of Chevron Corporation (NYSE:CVX - Free Report) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,232 shares of the oil and gas company's stock after selling 11,938 shares during the quarter. WealthPlan Investment Management LLC's holdings in Chevron were worth $12,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CVX. Midwest Capital Advisors LLC purchased a new position in Chevron in the 1st quarter worth approximately $25,000. Phillip James Consulting Co. bought a new position in Chevron in the 4th quarter worth approximately $26,000. Basso Capital Management L.P. bought a new position in Chevron in the 4th quarter worth approximately $27,000. Main Street Group LTD bought a new position in Chevron in the 1st quarter worth approximately $28,000. Finally, Kilter Group LLC purchased a new stake in Chevron during the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. BMO Capital Markets boosted their target price on shares of Chevron from $210.00 to $235.00 and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Wells Fargo & Company upped their target price on shares of Chevron from $226.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Weiss Ratings upgraded shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Finally, Wolfe Research raised shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price for the company in a research note on Thursday, July 2nd. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.42.

Trending Headlines about Chevron

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

Chevron Trading Down 1.1%

Shares of CVX stock opened at $219.51 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $433.71 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 0.61 and a beta of 0.53. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $223.46. The stock's 50-day moving average price is $206.81 and its 200-day moving average price is $193.29.

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

Chevron Announces Dividend

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

Insider Transactions at Chevron

In other news, insider Andrew Walz sold 16,800 shares of the company's stock in a transaction that occurred on 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 sale, the insider directly owned 14 shares of the company's stock, valued at $2,814.84. This represents a 99.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Pate sold 2,470 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by insiders.

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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