Yousif Capital Management LLC Buys 12,734 Shares of Chevron Corporation $CVX

Key Points

• Yousif Capital Management increased its Chevron stake by 5% in the third quarter, buying 12,734 shares to bring its holdings to 266,062 shares valued at approximately $54.3 million. Institutional investors collectively own 72.42% of Chevron.
• Analysts maintain a generally positive outlook, with Chevron receiving a consensus “Moderate Buy” rating and an average price target of $213.96, while recent targets ranged from $208 to $235.
• Chevron reported quarterly EPS of $6.06, exceeding estimates, and revenue of $67.2 billion, up 57.4% year over year. The company also maintains a quarterly dividend of $1.78, equivalent to a 3.1% annualized yield.

Yousif Capital Management LLC lifted its stake in Chevron Corporation (NYSE:CVX - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266,062 shares of the oil and gas company's stock after purchasing an additional 12,734 shares during the quarter. Chevron comprises about 0.6% of Yousif Capital Management LLC's holdings, making the stock its 23rd largest holding. Yousif Capital Management LLC's holdings in Chevron were worth $54,333,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Capital Inc. purchased a new stake in shares of Chevron in the second quarter valued at about $786,000. OneAscent Wealth Management LLC acquired a new stake in Chevron during the second quarter worth about $973,000. Global Retirement Partners LLC purchased a new position in Chevron during the second quarter worth about $14,276,000. Greg Jennings LLC purchased a new position in Chevron during the third quarter worth about $1,314,000. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Chevron by 0.6% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company's stock worth $186,182,000 after purchasing an additional 5,787 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. BNP Paribas Exane decreased their target price on shares of Chevron from $230.00 to $224.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. UBS Group raised their price target on shares of Chevron from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 8th. Morgan Stanley raised their price target on shares of Chevron from $218.00 to $226.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. Barclays reduced their price target on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, August 17th. Finally, Royal Bank Of Canada upped their price objective on Chevron from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Chevron has a consensus rating of "Moderate Buy" and a consensus price target of $213.96.

Chevron Stock Performance

NYSE CVX opened at $233.39 on Friday. The stock has a market cap of $461.13 billion, a PE ratio of 22.38, a P/E/G ratio of 0.55 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $233.74. The stock has a fifty day simple moving average of $210.61 and a 200-day simple moving average of $194.38.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company's quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. Equities analysts anticipate that Chevron Corporation will post 18.20 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.1%. Chevron's dividend payout ratio is presently 68.26%.

Insider Activity at Chevron

In other news, insider Andrew Walz sold 16,800 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company's stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael K. Wirth sold 317,100 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,195,682 shares of company stock worth $235,619,780. 0.56% of the stock is owned by corporate insiders.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What's Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

About Chevron

Chevron Corporation NYSE: CVX is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.

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