Chevron Corporation $CVX Stock Sold by Capital Investment Advisors LLC

Key Points

• Capital Investment Advisors LLC cut its Chevron stake by 6.8% in the third quarter, selling 25,945 shares and retaining 356,673 shares valued at approximately $72.8 million. Institutional investors collectively own 72.42% of Chevron.
• Wall Street’s consensus view remains positive, with Chevron receiving a “Moderate Buy” rating and an average price target of $213.96; individual targets from Morgan Stanley and Bank of America reached $226 and $227, respectively.
• Chevron reported quarterly earnings of $6.06 per share, beating estimates, while revenue rose 57.4% year over year to $67.2 billion. The company also maintains a quarterly dividend of $1.78 per share, equivalent to a 3.1% annual yield.

Capital Investment Advisors LLC decreased its holdings in Chevron Corporation (NYSE:CVX - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 356,673 shares of the oil and gas company's stock after selling 25,945 shares during the quarter. Capital Investment Advisors LLC's holdings in Chevron were worth $72,836,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gemmer Asset Management LLC raised its stake in shares of Chevron by 1.1% in the third quarter. Gemmer Asset Management LLC now owns 4,254 shares of the oil and gas company's stock worth $869,000 after purchasing an additional 47 shares during the last quarter. First PREMIER Bank lifted its holdings in shares of Chevron by 0.8% in the second 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 boosted its position in shares of Chevron by 1.8% during the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company's stock valued at $467,000 after buying an additional 50 shares during the last quarter. Nautilus Advisors LLC boosted its position in shares of Chevron by 2.8% during the third quarter. Nautilus Advisors LLC now owns 1,859 shares of the oil and gas company's stock valued at $380,000 after buying an additional 50 shares during the last quarter. Finally, Virginia Estate & Retirement Planning Advisors Inc. boosted its position in shares of Chevron by 20.8% during the third quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 290 shares of the oil and gas company's stock valued at $59,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. HSBC set a $90.00 price target on Chevron in a report on Friday, September 25th. Wolfe Research upgraded Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 price objective on the stock in a research note on Thursday, July 2nd. Morgan Stanley lifted their price objective on shares of Chevron from $218.00 to $226.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. Bank of America upped their target price on shares of Chevron from $210.00 to $227.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Chevron from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $213.96.

Insiders Place Their Bets

In related news, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction 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 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 legal filing with the SEC, which can be accessed through this link. Also, Director John Hess sold 100,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the transaction, the director directly owned 178,045 shares in the company, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,195,682 shares of company stock valued at $235,619,780. Insiders own 0.56% of the company's stock.

Chevron Trading Up 0.1%

NYSE:CVX opened at $233.39 on Monday. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $233.74. The firm has a 50-day moving average price of $210.61 and a two-hundred day moving average price of $194.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a market cap of $461.13 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.55 and a beta of 0.53.

Chevron (NYSE:CVX - Get Free Report) last announced 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. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The company's revenue was up 57.4% compared to the same quarter last year. On average, equities analysts expect that Chevron Corporation will post 18.20 earnings per share for the current fiscal year.

Chevron Announces Dividend

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

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

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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