35,566 Chevron Corporation $CVX Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in Chevron Corporation (NYSE:CVX) by 4.8% during the 3rd quarter, Holdings Channel reports. The firm owned 707,297 shares of the oil and gas company’s stock after selling 35,566 shares during the period. Chevron makes up approximately 2.2% of Confluence Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Confluence Investment Management LLC’s holdings in Chevron were worth $144,437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Capital Inc. bought a new position in shares of Chevron in the second quarter worth approximately $786,000. OneAscent Wealth Management LLC bought a new position in Chevron in the second quarter valued at about $973,000. Global Retirement Partners LLC purchased a new position in shares of Chevron in the second quarter worth approximately $14,276,000. Janney Montgomery Scott LLC grew its position in shares of Chevron by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after acquiring an additional 79,439 shares during the period. Finally, Galaxy Digital Inc. bought a new stake in Chevron during the first quarter valued at about $2,028,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the topic of a number of analyst reports. UBS Group set a $250.00 target price on shares of Chevron in a research note on Friday, September 25th. Sanford C. Bernstein boosted their target price on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Morgan Stanley raised their price objective on shares of Chevron from $210.00 to $218.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Piper Sandler upped their price target on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Twenty-one investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.87.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron and Exxon Mobil are deepening energy ties with Vietnam through potential crude, liquefied natural gas and liquefied petroleum gas supply agreements. The deals could expand Chevron’s regional sales opportunities if finalized. Chevron and ExxonMobil Ink Potential Crude Supply Deals With Vietnam
• Positive Sentiment: Analysts and financial commentators continue to view Chevron as attractive, citing its reported seven-quarter earnings-beat streak, Hess integration synergies, relatively modest valuation and cash-generation potential. These factors may reinforce the bullish case even with the stock near its high. Chevron Has More Going for It Than Higher Oil Prices
• Positive Sentiment: Chevron is applying robotics, drones and remote-operated tools across global operations. The technology could reduce hazardous work, lower operating costs and improve inspection quality over time, although the financial benefit is likely longer term. Can Robotics Reshape How Chevron Runs Its Global Operations?
• Positive Sentiment: Venezuela’s potential oil-sector recovery is placing Chevron among energy companies that could benefit from increased production, heavy-oil development and related services. The opportunity remains dependent on regulatory and geopolitical developments. Venezuela’s Oil Comeback Puts These 4 Energy Stocks in Focus
• Neutral Sentiment: Chevron scheduled its third-quarter 2026 earnings conference call for October 30. The announcement provides a timing milestone, but does not contain updated earnings guidance or results. Chevron’s 3Q 2026 Earnings Conference Call and Webcast
• Negative Sentiment: Some coverage argues investors may find greater upside in uranium producer Cameco than in Chevron, which is already near all-time highs. Easing crude prices and elevated expectations could limit near-term upside for CVX. Should You Forget Chevron and Buy This Uranium Stock Instead?

Chevron Stock Up 1.0%

CVX stock traded up $2.00 on Thursday, hitting $206.21. 2,280,624 shares of the company’s stock were exchanged, compared to its average volume of 10,590,930. The stock has a market cap of $407.42 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 0.59 and a beta of 0.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a 50 day moving average price of $202.33 and a two-hundred day moving average price of $192.57. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $217.78.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping 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 the consensus estimate of $62.72 billion. During the same quarter in the previous year, the firm earned $1.77 EPS. Chevron’s revenue was up 57.4% compared to the same quarter last year. As a group, equities research analysts expect that Chevron Corporation will post 16.66 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.

Insider Buying and Selling at Chevron

In other news, insider Andrew Walz sold 16,800 shares of the firm’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 transaction of $3,377,808.00. Following the sale, the insider owned 14 shares of the company’s stock, valued at $2,814.84. This trade represents a 99.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Company insiders own 0.56% of the company’s stock.

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.