Texas Capital Bank Wealth Management Services Inc Buys New Position in Chevron Corporation $CVX

Key Points

• Texas Capital Bank Wealth Management acquired 26,539 Chevron shares worth approximately $4.4 million, while institutional investors collectively own 72.42% of the company.
• Analysts maintain a “Moderate Buy” consensus on Chevron, with 20 Buy, five Hold and one Sell rating and an average price target of $207.13.
• Chevron exceeded quarterly earnings and revenue expectations and declared a $1.78-per-share quarterly dividend, but major insider sales—including the CEO’s $63.6 million transaction—could weigh on investor sentiment.

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Chevron Corporation (NYSE:CVX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,539 shares of the oil and gas company's stock, valued at approximately $4,399,000.

Other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Chevron in the second quarter valued at $14,276,000. Indivisible Partners purchased a new stake in shares of Chevron in the fourth quarter valued at about $1,923,000. Janney Montgomery Scott LLC boosted its stake in shares of Chevron by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company's stock worth $258,853,000 after buying an additional 79,439 shares during the period. Galaxy Digital Inc. acquired a new stake in shares of Chevron during the first quarter worth about $2,028,000. Finally, Osprey Private Wealth LLC grew its holdings in shares of Chevron by 556.4% during the fourth quarter. Osprey Private Wealth LLC now owns 9,190 shares of the oil and gas company's stock worth $1,401,000 after buying an additional 7,790 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 analysts recently issued reports on the company. Zacks Research cut Chevron from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Jefferies Financial Group reiterated a "buy" rating and issued a $216.00 target price on shares of Chevron in a research note on Friday, July 10th. Barclays lowered their target price on Chevron from $216.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday. Sanford C. Bernstein upped their price target on Chevron from $204.00 to $209.00 and gave the stock a "market perform" rating in a research note on Monday, August 3rd. Finally, Scotiabank increased their price target on Chevron from $168.00 to $187.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 22nd. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $207.13.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 317,100 shares of Chevron stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Hess sold 710,665 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the transaction, the director directly owned 363,711 shares in the company, valued at $70,596,305.10. This represents a 66.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,133,312 shares of company stock valued at $221,969,232. Company insiders own 0.56% of the company's stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported an oil and gas condensate discovery at the 105-4X exploration well in offshore Angola’s Block 0. The well encountered a hydrocarbon column exceeding 600 meters, with more than 90 meters of net pay; its proximity to existing infrastructure could enable a lower-cost tie-back and support future production growth. Chevron finds oil, gas condensate offshore Angola
• Positive Sentiment: Equinor agreed to acquire a 17.4% interest in Chevron-operated petroleum exploration licence PEL 90 offshore Namibia. The deal brings a major partner into the Orange Basin, helps share exploration costs and supports plans to drill during 2026 while Chevron retains operatorship. Norway's Equinor takes stake in Chevron Namibia exploration licence
• Positive Sentiment: Unusually heavy call-option activity indicated increased bullish interest in CVX, with 62,675 calls purchased—about 45% above average daily volume.
• Neutral Sentiment: Recent investor commentary continues to highlight Chevron’s appeal as a reliable dividend stock, but energy-sector income and valuation remain sensitive to oil and natural-gas prices.
• Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported ownership by 92.34%. While insider sales can be scheduled or personal, the size of the transaction may weigh on sentiment. Chevron CEO Form 4 filing
• Negative Sentiment: A retreat in oil prices pressured the stock by reducing the near-term outlook for upstream revenue and cash flow, partially offsetting the benefit of Chevron’s exploration news. Chevron Corporation drops as oil price retreats

Chevron Trading Up 1.5%

Shares of Chevron stock opened at $205.77 on Wednesday. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The company's 50-day simple moving average is $183.95 and its 200-day simple moving average is $187.50. The firm has a market cap of $406.55 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 0.61 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 (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to analysts' expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm's revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. As a group, equities research analysts anticipate that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron's dividend payout ratio is 68.26%.

About Chevron

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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