West Family Investments Inc. Makes New $1.29 Million Investment in Chevron Corporation $CVX

Key Points

• West Family Investments purchased 7,766 Chevron shares worth approximately $1.29 million in the second quarter, while other institutions also increased or initiated positions. Hedge funds and institutional investors now own 72.42% of CVX.
• Chevron reported stronger-than-expected quarterly results, with $6.06 in earnings per share and $67.2 billion in revenue, while offshore discoveries in Angola and a new Equinor partnership in Namibia support future production growth.
• Investors continue to receive a $1.78 quarterly dividend, but sentiment faces risks from significant insider selling and weaker oil prices. Analysts maintain a consensus “Moderate Buy” rating with a price target near $207.

West Family Investments Inc. purchased a new position in Chevron Corporation (NYSE:CVX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,766 shares of the oil and gas company's stock, valued at approximately $1,287,000.

Several other hedge funds also recently made changes to their positions in CVX. SSI Investment Management LLC bought a new stake in shares of Chevron during the 2nd quarter valued at $239,000. Tacita Capital Inc purchased a new stake in Chevron during the 2nd quarter worth about $47,000. Knuff & Co LLC bought a new position in Chevron in the 2nd quarter worth about $2,701,000. Denali Advisors LLC boosted its stake in Chevron by 53.7% in the 2nd quarter. Denali Advisors LLC now owns 29,292 shares of the oil and gas company's stock worth $4,855,000 after purchasing an additional 10,236 shares during the period. Finally, NewEdge Wealth LLC purchased a new position in Chevron during the 2nd quarter valued at about $11,530,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron announced an oil and gas condensate discovery at the 105-4X well in offshore Angola’s Block 0. The well encountered a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay; its proximity to existing infrastructure could allow a relatively low-cost tie-back and support future production growth. Chevron Angola discovery article
• Positive Sentiment: Equinor agreed to acquire a 17.4% interest in Chevron-operated exploration licence PEL 90 offshore Namibia. The partnership shares exploration costs while Chevron retains operatorship, reducing financial exposure ahead of a planned 2026 drilling program in the Orange Basin. Equinor Namibia stake article
• Positive Sentiment: Traders purchased 62,675 CVX call options, roughly 45% above typical volume, signaling increased near-term bullish interest.
• Positive Sentiment: Chevron’s quarterly dividend of $1.78 per share is scheduled for September 10, representing a $7.12 annualized payout and an approximately 3.5% yield. The dividend supports CVX’s appeal to income-focused investors.
• Neutral Sentiment: Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $207.13, although the target implies limited upside from recent levels.
• Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported ownership by 92.34%. Another insider, Andrew Benjamin Walz, sold 16,800 shares for about $3.4 million. The transactions may weigh on sentiment, although insider sales can reflect personal or scheduled financial planning. Chevron insider filing
• Negative Sentiment: Recent weakness in oil prices remains a risk because lower commodity prices can reduce Chevron’s upstream revenue, earnings and cash flow.

Insiders Place Their Bets

In other news, Director John B. Hess sold 710,665 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the sale, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael K. Wirth sold 317,100 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,150,112 shares of company stock valued at $225,347,040 in the last quarter. Corporate insiders own 0.56% of the company's stock.

Chevron Stock Performance

NYSE:CVX opened at $205.78 on Thursday. The stock has a market cap of $406.57 billion, a P/E ratio of 19.73, a PEG ratio of 0.63 and a beta of 0.49. 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 business's 50-day moving average price is $184.27 and its two-hundred day moving average price is $187.75. 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 issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The company 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%.Chevron's revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. As a group, equities analysts predict that Chevron Corporation will post 15.86 EPS for the current fiscal 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 given a dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron's payout ratio is presently 68.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVX. Dbs Bank upgraded Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Barclays cut their price objective on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday. Weiss Ratings raised shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Wolfe Research upgraded shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price on the stock in a research note on Thursday, July 2nd. Finally, Bank of America raised their price target on shares of Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.48.

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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