Chevron Corporation $CVX Stock: Courier Capital LLC Trims Holdings

Courier Capital LLC decreased its holdings in Chevron Corporation (NYSE:CVX) by 69.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,188 shares of the oil and gas company’s stock after selling 34,944 shares during the quarter. Courier Capital LLC’s holdings in Chevron were worth $3,102,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First PREMIER Bank increased its holdings in Chevron by 0.8% during the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock worth $1,070,000 after buying an additional 50 shares during the last quarter. Vanguard Capital Wealth Advisors lifted its holdings in Chevron by 1.8% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 50 shares in the last quarter. Nautilus Advisors LLC grew its stake in Chevron by 2.8% during the third quarter. Nautilus Advisors LLC now owns 1,859 shares of the oil and gas company’s stock valued at $380,000 after acquiring an additional 50 shares in the last quarter. Cornerstone Advisory LLC grew its position in shares of Chevron by 0.9% during the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company’s stock valued at $1,164,000 after purchasing an additional 52 shares in the last quarter. Finally, Chickasaw Capital Management LLC increased its stake in Chevron by 0.8% in the 3rd quarter. Chickasaw Capital Management LLC now owns 7,225 shares of the oil and gas company’s stock worth $1,475,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CVX shares. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Piper Sandler upped their price target on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Mizuho set a $234.00 target price on shares of Chevron in a research note on Monday. 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, Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target for the company in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.08.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst confidence improved after Erste Group raised its Chevron 2026 EPS forecast to $16.90 from $16.09 and its 2027 estimate to $13.78 from $13.52. TD Cowen also increased its price target to $225, although it maintained a Hold rating. Chevron analyst estimates and price target
• Positive Sentiment: Chevron and Shell are restoring U.S. Gulf of Mexico production after Hurricane Isaias, with offshore facilities reportedly avoiding storm damage. A rapid restart limits the potential impact on output and cash flow. Chevron and Shell Gulf production recovery
• Positive Sentiment: Chevron-backed technical expertise helped deliver the first commercial gas from Australia’s Beetaloo Basin. The project could support future LNG exports and add to Chevron’s long-term international gas growth. Chevron and Australia’s Beetaloo gas project
• Positive Sentiment: Progress on Cyprus’ Aphrodite gas field, including discussions with Egypt on pipeline agreements and procurement, provides another potential development catalyst. Chevron has also been highlighted as a strong income stock and received a Zacks Rank #1 rating. Chevron and Egypt Aphrodite gas pipeline
• Neutral Sentiment: Leadership changes effective January 2027 will make former New Energies chief Jeff Gustavson CFO while current CFO Eimear Bonner takes responsibility for Oil, Products & Gas. The move links newer energy businesses more closely with Chevron’s core operations, but execution remains to be demonstrated. Chevron CFO and leadership changes
• Negative Sentiment: Chevron agreed to recognize an estimated one-time loss of roughly $3 billion to $4 billion, raising concerns about near-term earnings quality despite its strong recent quarter. Chevron one-time loss and earnings outlook
• Negative Sentiment: Chevron’s CEO criticized possible diesel and fuel-export restrictions, arguing that the policy could backfire. Such measures could create operational and market uncertainty for refiners and producers. Chevron CEO comments on fuel exports

Insider Buying and Selling

In other Chevron news, insider R. Pate sold 2,470 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. The trade was a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Hess sold 710,665 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the sale, the director directly owned 363,711 shares in the company, valued at approximately $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,152,582 shares of company stock worth $225,853,661 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Chevron Stock Up 1.4%

Shares of NYSE CVX traded up $3.01 on Tuesday, reaching $218.01. 7,432,162 shares of the company’s stock traded hands, compared to its average volume of 10,454,164. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $218.79. The business’s 50 day simple moving average is $204.94 and its two-hundred day simple moving average is $193.04. The company has a market cap of $430.73 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (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 firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same period last year, the business earned $1.77 earnings per share. The business’s revenue was up 57.4% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Corporation will post 17.34 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

Chevron Company Profile

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.