Primecap Management Co. CA Takes Position in Chevron Corporation $CVX

Primecap Management Co. CA bought a new position in shares of Chevron Corporation (NYSE:CVX) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,285,458 shares of the oil and gas company’s stock, valued at approximately $378,838,000.

Several other institutional investors have also modified their holdings of the business. Midwest Capital Advisors LLC acquired a new stake in Chevron in the first quarter valued at $25,000. Main Street Group LTD acquired a new position in Chevron during the 1st quarter worth $28,000. Phillip James Consulting Co. bought a new stake in shares of Chevron in the 4th quarter worth about $26,000. Kilter Group LLC bought a new stake in shares of Chevron in the 2nd quarter worth about $28,000. Finally, Core Wealth Advisors LLC bought a new stake in shares of Chevron in the 4th quarter worth about $26,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Shares of CVX opened at $199.98 on Wednesday. Chevron Corporation has a 12 month low of $146.49 and a 12 month 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 stock has a fifty day moving average price of $185.88 and a 200 day moving average price of $188.48. The company has a market cap of $395.12 billion, a P/E ratio of 19.17, a PEG ratio of 0.61 and a beta of 0.49.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $1.77 EPS. Chevron’s revenue was up 57.4% on a year-over-year basis. On average, research analysts forecast that Chevron Corporation will post 16.17 earnings per share 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 payout ratio is 68.26%.

Key Headlines Impacting Chevron

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 other news, insider Andrew Benjamin Walz sold 16,800 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the transaction, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was 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 of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CVX shares. TD Cowen increased their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Mizuho set a $224.00 price objective on Chevron in a research note on Monday, August 3rd. Sanford C. Bernstein increased their target price on Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Finally, Bank of America lifted their target price on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. 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. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.48.

Chevron Company 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.