Gradient Investments LLC Buys 16,469 Shares of Chevron Corporation $CVX

Key Points

• Gradient Investments increased its Chevron stake by 5.3%, purchasing 16,469 additional shares to bring its holdings to 324,903 shares valued at approximately $53.9 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported quarterly earnings of $6.06 per share, surpassing estimates, while revenue rose 57.4% year over year to $67.2 billion. The company also declared a quarterly dividend of $1.78, equivalent to a 3.8% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $207.48, although insiders—including Director John B. Hess and CEO Michael Wirth—recently sold shares.

Gradient Investments LLC raised its stake in Chevron Corporation (NYSE:CVX - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 324,903 shares of the oil and gas company's stock after purchasing an additional 16,469 shares during the quarter. Gradient Investments LLC's holdings in Chevron were worth $53,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Midwest Capital Advisors LLC purchased a new position in Chevron during the 1st quarter worth $25,000. Main Street Group LTD bought a new position in shares of Chevron during the first quarter valued at about $28,000. Phillip James Consulting Co. bought a new position in shares of Chevron during the fourth quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new position in Chevron during the fourth quarter worth about $26,000. Finally, Karpus Management Inc. purchased a new position in Chevron during the fourth quarter worth about $27,000. Institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

Shares of CVX opened at $186.42 on Friday. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The stock's fifty day moving average price is $182.37 and its two-hundred day moving average price is $185.80. The firm has a market cap of $371.28 billion, a PE ratio of 17.87, a PEG ratio of 0.58 and a beta of 0.49.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.14% and a net margin of 9.57%.The company 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 company earned $1.77 EPS. The firm's quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts forecast that Chevron Corporation will post 15.88 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, August 19th. Chevron's payout ratio is currently 68.26%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of Chevron from $200.00 to $205.00 and gave the company a "hold" rating in a research note on Wednesday. Scotiabank boosted their target price on Chevron from $168.00 to $187.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. UBS Group reaffirmed a "buy" rating on shares of Chevron in a report on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $216.00 price target on shares of Chevron in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded Chevron from a "hold" rating to a "buy" rating in a report on Saturday. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $207.48.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 100,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the sale, the director owned 178,045 shares of the company's stock, valued at $34,587,021.70. The trade was a 35.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael K. Wirth sold 5,547 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $187.00, for a total value of $1,037,289.00. Following the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $4,919,596. This represents a 17.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,196,212 shares of company stock worth $231,819,366 in the last three months. Insiders own 0.56% of the company's stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported a sharp earnings rebound, with quarterly net income reaching $12.1 billion versus $2.5 billion a year earlier. The company also exceeded earnings and revenue expectations, benefiting from higher energy prices and Middle Eastern supply disruptions. Chevron Turned $3.1 Billion Loss Into A Gain
• Positive Sentiment: Analysts remain constructive, with TD Cowen forecasting meaningful appreciation potential. Coverage also highlights record production, debt reduction and Chevron’s long-term power agreement with Microsoft as support for the investment case. TD Cowen Forecasts Strong Price Appreciation for Chevron
• Positive Sentiment: Chevron’s dividend, scale, financial strength and resilient operations continue to attract income-focused investors despite volatile oil prices. The company is also expanding its North American base-oils distribution network, potentially supporting downstream growth and product diversification. Beyond Oil Prices: The Case for 3 Dividend-Paying Energy Giants
• Neutral Sentiment: Conflict-related uncertainty in the Gulf is keeping energy options premiums elevated and creating trading opportunities around major oil companies. The same volatility could support Chevron’s cash flow, but it also increases commodity and geopolitical risk. Gulf Uncertainty Is Creating a Win-Win Strategy
• Negative Sentiment: Director John B. Hess sold 810,665 shares in disclosed transactions, reducing his holdings substantially. CEO Michael Wirth separately sold 5,547 shares, or 17.41% of his direct position. Large insider sales may pressure sentiment, although they do not necessarily indicate deteriorating business fundamentals. Chevron Director Insider Sale Filing

Chevron Company Profile

Chevron Corporation NYSE: CVX is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron's core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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