Chevron Corporation $CVX Stock Sold by Cliftonlarsonallen Wealth Advisors LLC

Key Points

• Cliftonlarsonallen Wealth Advisors cut its Chevron stake by 32.2% in the third quarter, selling 7,268 shares and retaining 15,330 shares valued at approximately $3.13 million.
• Institutional investors and hedge funds own 72.42% of Chevron, while insiders sold roughly 1.15 million shares worth $225.9 million over the past 90 days.
• Chevron reported stronger-than-expected quarterly results, including $6.06 EPS and $67.2 billion in revenue, and pays a $1.78 quarterly dividend, equivalent to a 3.2% annualized yield.

Cliftonlarsonallen Wealth Advisors LLC lessened its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,330 shares of the oil and gas company's stock after selling 7,268 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in Chevron were worth $3,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CVX. BlackRock Inc. purchased a new stake in shares of Chevron during the second quarter worth $25,663,729,000. Bank of New York Mellon Corp purchased a new position in shares of Chevron in the second quarter worth about $2,378,114,000. Legal & General Group Plc purchased a new position in shares of Chevron in the second quarter worth about $1,462,412,000. Berkshire Hathaway Inc boosted its position in Chevron by 6.6% during the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company's stock worth $19,837,131,000 after acquiring an additional 8,091,570 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in Chevron during the second quarter worth about $1,189,577,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Transactions at Chevron

In other Chevron news, Director John Hess sold 100,000 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. This represents a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Walz sold 16,800 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,152,582 shares of company stock worth $225,853,661 in the last ninety days. 0.56% of the stock is owned by company insiders.

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?

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on Chevron from $240.00 to $228.00 and set a "buy" rating on the stock in a report on Tuesday, September 22nd. Wall Street Zen upgraded Chevron from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Wells Fargo & Company lifted their price target on Chevron from $226.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. BMO Capital Markets boosted their price target on shares of Chevron from $210.00 to $235.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada boosted their price target on shares of Chevron from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.08.

Chevron Stock Performance

Shares of Chevron stock opened at $222.05 on Thursday. The firm has a market cap of $438.71 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $222.55. The business's fifty day simple moving average is $206.20 and its 200-day simple moving average is $193.23.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the company earned $1.77 EPS. The company's quarterly revenue was up 57.4% on a year-over-year basis. Equities analysts forecast that Chevron Corporation will post 17.59 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given 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%.

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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