Chevron Corporation $CVX Stock: B. Riley Wealth Advisors Inc. Grows Position

Key Points

• B. Riley Wealth Advisors increased its Chevron position by 24.8% in the third quarter, bringing its holdings to 33,695 shares valued at approximately $6.9 million. Institutional investors and hedge funds collectively own 72.42% of Chevron.
• 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 $1.78 quarterly dividend, equivalent to a 3.3% annualized yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $213.08 target price, though Chevron faces a projected $3 billion–$4 billion one-time loss and substantial recent insider selling.

B. Riley Wealth Advisors Inc. lifted its position in Chevron Corporation (NYSE:CVX - Free Report) by 24.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,695 shares of the oil and gas company's stock after acquiring an additional 6,694 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Chevron were worth $6,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in Chevron in the 1st quarter valued at $25,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Main Street Group LTD purchased a new position in shares of Chevron in the first quarter worth about $28,000. Finally, Kilter Group LLC purchased a new position in shares of Chevron in the second quarter worth about $28,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts raised earnings estimates. Erste Group lifted its FY2026 EPS forecast to $16.90 from $16.09 and its FY2027 estimate to $13.78 from $13.52, signaling improved expectations for Chevron’s operating performance. MarketBeat Chevron estimates
• Positive Sentiment: Strong income-stock positioning is attracting investors. Zacks included CVX on its Rank #1 “Strong Buy” income-stock list, while other coverage highlighted Chevron’s profitability, cash flow, dividend appeal, cost savings and production growth. Zacks income stocks article
• Positive Sentiment: Gulf of Mexico operations are recovering. Chevron and Shell are restoring offshore oil production after Hurricane Isaias, with facilities reporting no storm damage. A faster restart limits the potential impact on output and revenue. Gulf production recovery article
• Positive Sentiment: International gas growth is reinforcing the long-term story. Chevron-linked technical expertise helped unlock first commercial gas from Australia’s Beetaloo Basin, while the company also advanced discussions related to Cyprus’ Aphrodite gas field and Egypt’s export infrastructure. Beetaloo gas article
• Neutral Sentiment: Valuation support is mixed. TD Cowen raised its price target to $225 but retained a “Hold” rating, while reported analyst targets average about $213.08—below the recent trading level. Chevron price target article
• Negative Sentiment: Chevron is taking a sizable one-time charge. The company agreed to recognize an estimated $3 billion–$4 billion loss, which could pressure reported results even though management may be using the charge to clean up the portfolio ahead of future earnings. Chevron one-time loss article

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane lowered their price target on shares of Chevron from $230.00 to $224.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. UBS Group upped their price target on Chevron from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 8th. TD Cowen lifted their price objective on Chevron from $215.00 to $225.00 and gave the company a "hold" rating in a research note on Monday. Raymond James Financial lowered their price objective on Chevron from $230.00 to $225.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Finally, Mizuho set a $234.00 price objective on shares of Chevron in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $213.08.

Insiders Place Their Bets

In other news, insider R. Pate sold 2,470 shares of the firm's 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 sale, the insider owned 10,794 shares of the company's stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael 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 sale, the chief executive officer directly owned 26,308 shares of the company's stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company's stock.

Chevron Stock Up 1.4%

Shares of NYSE CVX opened at $218.01 on Wednesday. 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 1 year low of $146.49 and a 1 year high of $218.79. The stock's 50-day simple moving average is $205.49 and its 200-day simple moving average is $193.13. The firm has a market cap of $430.73 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 0.60 and a beta of 0.53.

Chevron (NYSE:CVX - Get Free Report) last issued 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 firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. Chevron's revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities analysts anticipate that Chevron Corporation will post 17.43 earnings per share for the current fiscal year.

Chevron Dividend Announcement

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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Chevron's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.