UNIVEST FINANCIAL Corp Makes New $1.47 Million Investment in Chevron Corporation $CVX

Key Points

• Univest Financial initiated a Chevron position worth approximately $1.47 million by purchasing 8,864 shares in the second quarter. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported quarterly EPS of $6.06, beating estimates, while revenue rose 57.4% year over year to $67.2 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $207.13, and the company declared a $1.78 quarterly dividend yielding about 3.5%.
• Chevron faces mixed sentiment: exploration discoveries in Angola and a new Equinor partnership offshore Namibia support growth, but oil-price weakness and significant insider selling—including the CEO’s $63.6 million share sale—remain potential concerns.

UNIVEST FINANCIAL Corp bought a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,864 shares of the oil and gas company's stock, valued at approximately $1,469,000.

Other hedge funds have also made changes to their positions in the company. Grandfield & Dodd LLC acquired a new position in Chevron during the 2nd quarter worth $19,339,000. Auxano Advisors LLC bought a new stake in shares of Chevron in the 2nd quarter worth about $803,000. Argyle Capital Partners LLC acquired a new stake in shares of Chevron in the 2nd quarter valued at about $1,162,000. IMG Wealth Management Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at about $61,000. Finally, Focused Alpha LLC acquired a new stake in shares of Chevron in the 2nd quarter valued at about $1,400,000. Institutional investors and hedge funds own 72.42% of the company's stock.

More Chevron News

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

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares of the company's stock, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hess sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 178,045 shares in the company, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,133,312 shares of company stock worth $221,969,232 over the last quarter. 0.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CVX. Jefferies Financial Group reiterated a "buy" rating and issued a $216.00 price target on shares of Chevron in a research note on Friday, July 10th. Weiss Ratings raised shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. TD Cowen boosted their target price on shares of Chevron from $200.00 to $205.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $220.00 target price on shares of Chevron in a report on Tuesday, May 5th. Finally, Dbs Bank upgraded shares of Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $207.13.

Chevron Stock Up 1.5%

Shares of Chevron stock opened at $205.77 on Wednesday. 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 business's 50 day simple moving average is $183.95 and its 200-day simple moving average is $187.50. The stock has a market capitalization of $406.55 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 0.61 and a beta of 0.49. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The business's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 EPS. Equities research analysts forecast that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is presently 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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