Western Wealth Management LLC Makes New $2.05 Million Investment in Chevron Corporation $CVX

Key Points

• Western Wealth Management purchased 12,394 Chevron shares worth approximately $2.05 million, while institutional investors collectively own 72.42% of the company.
• Chevron reported quarterly EPS of $6.06, exceeding estimates by $0.51, while revenue rose 57.4% year over year to $67.20 billion.
• Chevron declared a quarterly dividend of $1.78 per share, equivalent to a 3.6% annualized yield; analysts maintain a “Moderate Buy” consensus with an average price target of $207.48, despite significant recent insider selling.

Western Wealth Management LLC 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 12,394 shares of the oil and gas company's stock, valued at approximately $2,054,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Midwest Capital Advisors LLC bought a new position in Chevron during the 1st quarter valued at $25,000. Core Wealth Advisors LLC bought a new position in shares of Chevron during the fourth quarter worth about $26,000. Phillip James Consulting Co. acquired a new position in Chevron in the fourth quarter worth about $26,000. Basso Capital Management L.P. acquired a new position in Chevron in the fourth quarter worth about $27,000. Finally, Karpus Management Inc. bought a new stake in Chevron in the fourth quarter valued at about $27,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Price Performance

Shares of NYSE CVX opened at $199.98 on Wednesday. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $214.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The business's fifty day moving average price is $185.88 and its two-hundred day moving average price is $188.48. The firm has a market capitalization of $395.12 billion, a PE ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.49.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 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 for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter last year, the business earned $1.77 earnings per share. Chevron's revenue was up 57.4% compared to the same quarter last year. On average, research analysts expect that Chevron Corporation will post 16.17 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is 68.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CVX shares. Zacks Research lowered Chevron from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Weiss Ratings raised shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Barclays decreased their price target on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, August 17th. Piper Sandler began coverage on shares of Chevron in a research report on Thursday, July 23rd. They set an "overweight" rating and a $207.00 price objective for the company. Finally, Mizuho set a $224.00 price objective on shares of Chevron in a research note on Monday, August 3rd. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $207.48.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reportedly struck fresh oil in Angola, adding to its upstream resource base and potentially supporting future production and cash flow. Chevron stock turns heads as company strikes fresh oil
• Positive Sentiment: Brent crude has remained near $94 per barrel amid pressure on Iran, improving the economics of Chevron’s exploration and production business and supporting earnings expectations. Chevron Rises as Iran Pressure Keeps Brent Near $94
• Positive Sentiment: Analysts and financial publications continue to favor Chevron over some peers, citing stronger 2026 earnings growth, production momentum, Guyana exposure and recent price strength. Chevron was also identified as a stock to watch by Zacks. Chevron vs. Shell: Which Energy Major Offers a Better Bet? Earnings Growth and Price Strength Make Chevron a Stock to Watch
• Positive Sentiment: Chevron’s dividend remains a key attraction for long-term investors. Commentary highlights its repeated 2026 dividend increase, strong recent quarter and potential as a buy-and-hold income stock. Brokerages maintain a consensus “Moderate Buy” rating. 3 Dividend Stocks to Buy and Hold for the Next Decade Chevron Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Discussion comparing Chevron with ExxonMobil and Shell reinforces its relative strengths, but also shows that investors are evaluating dividend durability, yield and long-term payout growth—not just quarterly earnings. ExxonMobil vs. Chevron: Dividend Growth Comparison
• Negative Sentiment: Chevron’s elevated valuation after a strong run may be encouraging profit-taking, while investors remain alert to whether its dividend strength can be sustained through changes in oil prices and industry conditions. Can This Dividend Stock Sustain Its Strength?

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 317,100 shares of Chevron stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R. Hewitt Pate sold 2,470 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the sale, the insider directly owned 10,794 shares of the company's stock, valued at $2,213,957.34. The trade was a 18.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,152,582 shares of company stock valued at $225,853,661 over the last three months. 0.56% of the stock is currently owned by company insiders.

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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