Signal Advisors Wealth LLC Buys 11,922 Shares of Chevron Corporation $CVX

Key Points

• Signal Advisors Wealth LLC increased its Chevron stake by 185.2% in the third quarter, buying 11,922 shares to hold 18,359 shares valued at approximately $3.9 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported quarterly EPS of $6.06, beating estimates of $5.55, while revenue rose 57.4% year over year to $67.2 billion. The company also paid a quarterly dividend of $1.78, equivalent to a 3.3% annualized yield.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and several firms raising price targets as high as $235. However, Chevron faces a potential $3 billion–$4 billion one-time loss, and the average target of $213.08 is below the recent share price.

Signal Advisors Wealth LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 185.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,359 shares of the oil and gas company's stock after purchasing an additional 11,922 shares during the period. Signal Advisors Wealth LLC's holdings in Chevron were worth $3,901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CVX. State Street Corp lifted its stake in Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company's stock valued at $28,016,651,000 after buying an additional 5,998,852 shares in the last quarter. BlackRock Inc. acquired a new stake in Chevron in the 2nd quarter worth about $25,663,729,000. Berkshire Hathaway Inc increased its stake in Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company's stock worth $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. Bank of America Corp DE increased its stake in Chevron by 5.1% during the 1st quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company's stock worth $5,716,694,000 after buying an additional 1,334,976 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Chevron by 1.5% during the 4th quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company's stock worth $2,609,194,000 after buying an additional 254,323 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Performance

NYSE:CVX opened at $218.01 on Wednesday. The company's 50-day moving average price is $205.49 and its 200-day moving average price is $193.13. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The company has a market cap of $430.73 billion, a P/E ratio of 20.90, a P/E/G ratio of 0.60 and a beta of 0.53. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $218.79.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion during the quarter, compared to analysts' expectations of $62.72 billion. During the same quarter in the prior year, the company earned $1.77 EPS. Chevron's revenue was up 57.4% compared to the same quarter last year. On average, sell-side analysts forecast that Chevron Corporation will post 17.43 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is 68.26%.

More Chevron News

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 brokerages have commented on CVX. UBS Group increased their target price on Chevron from $220.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, October 8th. TD Cowen raised their target price on Chevron from $215.00 to $225.00 and gave the company a "hold" rating in a research report on Monday. Jefferies Financial Group lifted their price target on Chevron from $216.00 to $233.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Raymond James Financial dropped their price target 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 target on Chevron in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chevron presently has a consensus rating of "Moderate Buy" and an average target price of $213.08.

Insider Buying and Selling

In other news, insider R. Pate sold 2,470 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the transaction, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. The trade was a 18.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Walz sold 16,800 shares of the company'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 completion of the sale, the insider owned 14 shares of the company's stock, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. 0.56% of the stock is currently owned by company insiders.

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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