Wealthfront Advisers LLC Makes New $41.02 Million Investment in Chevron Corporation $CVX

Key Points

• Wealthfront Advisers acquired a new $41.02 million Chevron stake, purchasing 247,455 shares in the second quarter. Institutional investors collectively own 72.42% of CVX.
• Chevron reported strong quarterly results, with EPS of $6.06 and revenue of $67.20 billion, beating estimates and reflecting 57.4% year-over-year revenue growth. The company also declared a quarterly dividend of $1.78, implying a 3.5% annualized yield.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average $207.13 price target, while large insider stock sales and weaker oil prices remain potential sentiment and earnings risks.

Wealthfront Advisers LLC acquired a new stake in Chevron Corporation (NYSE:CVX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 247,455 shares of the oil and gas company's stock, valued at approximately $41,018,000.

Several other institutional investors have also recently added to or reduced their stakes in CVX. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron in the 1st quarter valued at about $25,000. Main Street Group LTD acquired a new stake in Chevron during the first quarter valued at approximately $28,000. Phillip James Consulting Co. acquired a new stake in Chevron during the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new position in Chevron during the 4th quarter worth approximately $26,000. Finally, Karpus Management Inc. acquired a new position in shares of Chevron in the 4th quarter worth approximately $27,000. 72.42% of the stock is owned by institutional investors and hedge funds.

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 other 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 completion of the transaction, the director owned 178,045 shares of the company's stock, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the transaction, the chief executive officer owned 26,308 shares of the company's stock, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Chevron from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Morgan Stanley decreased their price objective on shares of Chevron from $214.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, June 29th. Wolfe Research upgraded shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price for the company in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $220.00 target price on shares of Chevron in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $216.00 price target on shares of Chevron in a research report on Wednesday, May 6th. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chevron presently has a consensus rating of "Moderate Buy" and an average target price 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. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. 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 Announces Dividend

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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