Chevron Corporation $CVX Stock: Mather Group LLC. Raises Stake

Key Points

• Mather Group LLC increased its Chevron stake by 77.3% in the third quarter, owning 89,259 shares valued at approximately $18.4 million. Institutional investors collectively hold 72.42% of Chevron’s outstanding stock.
• Chevron reported quarterly EPS of $6.06, surpassing estimates, while revenue rose 57.4% year over year to $67.2 billion. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $213.08, and the company pays an annualized dividend of $7.12 per share.
• Despite favorable production, earnings and growth trends, risks include a reported potential one-time loss of $3 billion–$4 billion, valuation concerns and substantial insider selling, including major share sales by CEO Michael Wirth.

Mather Group LLC. lifted its stake in Chevron Corporation (NYSE:CVX - Free Report) by 77.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,259 shares of the oil and gas company's stock after purchasing an additional 38,926 shares during the quarter. Mather Group LLC.'s holdings in Chevron were worth $18,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CVX. First PREMIER Bank increased its stake in Chevron by 0.8% during the 2nd quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company's stock valued at $1,070,000 after purchasing an additional 50 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its stake in shares of Chevron by 1.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company's stock worth $467,000 after buying an additional 50 shares in the last quarter. Nautilus Advisors LLC lifted its stake in shares of Chevron by 2.8% in the third quarter. Nautilus Advisors LLC now owns 1,859 shares of the oil and gas company's stock worth $380,000 after buying an additional 50 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. lifted its stake in shares of Chevron by 20.8% in the third quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 290 shares of the oil and gas company's stock worth $59,000 after buying an additional 50 shares in the last quarter. Finally, Columbus Macro LLC lifted its stake in shares of Chevron by 2.8% in the third quarter. Columbus Macro LLC now owns 1,830 shares of the oil and gas company's stock worth $374,000 after buying an additional 50 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s recovery of U.S. Gulf of Mexico production after Hurricane Isaias, with no reported damage to its facilities, reduces the risk of a prolonged operational disruption. Chevron & Shell Lead U.S. Gulf Oil Production Recovery After Hurricane
• Positive Sentiment: Analysts at Erste Group raised their fiscal 2026 EPS forecast for Chevron to $16.90 from $16.09 and lifted the fiscal 2027 estimate to $13.78 from $13.52, reinforcing the view that earnings momentum remains favorable. Chevron analyst earnings estimates
• Positive Sentiment: Chevron is among the energy companies positioned to benefit from Venezuela’s oil revival and potential efforts to offset supply disruptions near the Strait of Hormuz. The opportunity could expand production and long-term cash flow, although execution and geopolitical risks remain. Venezuela's Oil Revival Is Gaining Momentum
• Positive Sentiment: Chevron’s integrated model—combining upstream production with refining and other businesses—continues to support dividend resilience when crude prices weaken. Its Beetaloo Basin expertise also helped deliver Australia’s first commercial gas, adding potential exposure to LNG demand. Oil Giants and Dividend Resilience
• Neutral Sentiment: Coverage of Chevron’s AI investment process indicates that management is evaluating AI projects based on measurable returns and competition for capital. The initiative may improve efficiency, but no immediate financial impact was identified. How CFOs Decide Which AI Bets Create Value
• Negative Sentiment: Chevron reportedly agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on near-term results despite stronger underlying earnings. Chevron Is Cleaning House Before the Earnings Peak Fades
• Negative Sentiment: Some valuation analysis views CVX as overvalued after its rally, while longer-term comparisons show the stock has underperformed the broader market over the past decade. These concerns could limit further upside. Is Chevron Overvalued After Its Rally?

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CVX shares. TD Cowen increased their price target on shares of Chevron from $215.00 to $225.00 and gave the company a "hold" rating in a report on Monday. Sanford C. Bernstein boosted their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a "market perform" rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Chevron from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. BMO Capital Markets upped their price objective on Chevron from $210.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Finally, Mizuho set a $234.00 target price on Chevron in a research note on Monday. 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.08.

Chevron Price Performance

NYSE CVX opened at $222.05 on Thursday. Chevron Corporation has a one year low of $146.49 and a one year high of $222.55. The stock has a 50-day moving average of $206.20 and a 200 day moving average of $193.23. The company has a market capitalization of $438.71 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 0.60 and a beta of 0.53. 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 (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts' consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. Chevron's revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. On average, sell-side analysts forecast that Chevron Corporation will post 17.59 EPS for the current year.

Chevron Announces Dividend

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

Insider Activity at Chevron

In related news, insider Andrew Walz sold 16,800 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,152,582 shares of company stock valued at $225,853,661 over the last ninety days. Company insiders own 0.56% of the company's stock.

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.

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