Wedbush Securities Inc. Sells 5,861 Shares of Chevron Corporation $CVX

Wedbush Securities Inc. lowered its holdings in shares of Chevron Corporation (NYSE:CVX) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,246 shares of the oil and gas company’s stock after selling 5,861 shares during the quarter. Chevron accounts for about 0.5% of Wedbush Securities Inc.’s portfolio, making the stock its 25th biggest position. Wedbush Securities Inc.’s holdings in Chevron were worth $15,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CVX. Quaker Wealth Management LLC boosted its holdings in shares of Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 439 shares during the period. Decker Retirement Planning Inc. bought a new stake in Chevron in the 3rd quarter valued at $34,000. Vermillion & White Wealth Management Group LLC boosted its stake in Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the period. IMG Wealth Management Inc. boosted its stake in Chevron by 52.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 91 shares during the period. Finally, Marquette Asset Management LLC bought a new position in Chevron during the 3rd quarter worth about $41,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target for the company in a research report on Tuesday, January 20th. Morgan Stanley lowered their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, Citigroup reduced their target price on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a report on Monday, January 5th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $175.00.

Chevron Trading Up 2.0%

Shares of Chevron stock opened at $185.83 on Thursday. The stock has a market cap of $374.16 billion, a P/E ratio of 27.90, a P/E/G ratio of 12.25 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $186.52. The business’s 50 day moving average is $161.23 and its 200-day moving average is $157.06.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. Equities research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron won rights to a prized Sirte Basin block in Libya — its first entry there in years, opening access to large reserves and near-term production optionality. Chevron to enter Libya after winning bid for prized Sirte Basin block
• Positive Sentiment: Market reaction to the Libya award pushed the stock to fresh highs as investors price in reserve growth and longer-term production upside. Chevron Stock Smashes 52-Week High After Big Libya Oil Win
• Positive Sentiment: Chevron raised its quarterly dividend ~4.09% (to $1.78), supporting income-focused demand and signaling free-cash-flow confidence. Chevron Dividend Increase By 4.09%
• Positive Sentiment: Macro/sector tailwinds: investors are rotating into energy as a defensive/high-yield play, which benefits large integrated producers like Chevron. Energy Stocks Are Winning 2026. Why They Could Keep Going.
• Positive Sentiment: Analyst/commentary pieces highlight Chevron’s potential to be a top performer in 2026 based on cost discipline and projected free-cash-flow growth at current oil prices. This Stock Could Be a Top Performer in Its Sector By the End of 2026
• Neutral Sentiment: Corporate moves: leadership shifts and new deals are being cited as factors that could reshape valuation/momentum — watch management commentary for clarity on strategy. Chevron Leadership Shifts And New Deals Shape Valuation And Growth Outlook
• Neutral Sentiment: Comparisons with peers (e.g., Enterprise Products Partners, ConocoPhillips) highlight trade-offs between commodity exposure and steadier cash flows — useful for relative-value decisions. Enterprise Products Partners vs. Chevron
• Negative Sentiment: Reminder of near-term fundamentals: Chevron’s 2025 earnings fell significantly year-over-year, and the stock is trading near highs — raising valuation/mean-reversion risk if oil prices or execution weaken. I Said I’d Buy Chevron Over ConocoPhillips in 2026

Insider Transactions at Chevron

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total value of $7,976,986.00. Following the sale, the insider owned 7,161 shares in the company, valued at approximately $1,247,231.37. This represents a 86.48% 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, insider Andrew Benjamin Walz sold 22,200 shares of Chevron stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the transaction, the insider directly owned 666 shares of the company’s stock, valued at approximately $117,568.98. This trade represents a 97.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 793,158 shares of company stock valued at $127,919,578. Company insiders own 0.21% of the company’s stock.

Chevron Profile

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.