Chevron Corporation $CVX Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in Chevron Corporation (NYSE:CVX) by 5.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 53,368 shares of the oil and gas company’s stock after buying an additional 2,910 shares during the period. GAMMA Investing LLC’s holdings in Chevron were worth $8,846,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CVX. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron in the 1st quarter valued at about $25,000. Core Wealth Advisors LLC bought a new position in shares of Chevron during the fourth quarter worth about $26,000. Phillip James Consulting Co. acquired a new position in Chevron in the fourth quarter worth about $26,000. Basso Capital Management L.P. acquired a new position in Chevron in the fourth quarter worth about $27,000. Finally, Karpus Management Inc. bought a new stake in Chevron in the fourth quarter valued at about $27,000. 72.42% of the stock is currently owned by institutional investors.

Insider Transactions at Chevron

In related news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the transaction, the director directly owned 278,045 shares in the company, valued at $53,718,294. This represents a 57.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research reports. Morgan Stanley cut their price objective on Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Mizuho set a $224.00 target price on Chevron in a research report on Monday. Wells Fargo & Company boosted their price target on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a research report on Thursday, April 9th. Finally, UBS Group restated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $207.26.

Chevron Price Performance

CVX opened at $190.31 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $182.09 and its 200 day moving average price is $185.49. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71. The firm has a market cap of $379.02 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49.

Chevron (NYSE:CVX) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The company 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 11.14% and a net margin of 9.57%.Chevron’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. As a group, sell-side analysts expect that Chevron Corporation will post 15.66 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron’s payout ratio is currently 68.26%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported second-quarter 2026 revenue of $70.06 billion and net income of $12.07 billion, helped by higher production, early cost reductions and elevated refining margins. Adjusted earnings of $6.06 per share exceeded estimates of $5.55, while the company maintained its $1.78 quarterly dividend. Should Chevron’s War-Boosted Margins and Cash Flows Prompt a Portfolio Rethink for CVX Investors?
• Positive Sentiment: Management highlighted cost discipline, lower capital spending, global production growth and repeatable power projects, including a long-term artificial-intelligence power agreement with Microsoft. These initiatives could support cash flow after commodity conditions normalize. CVX Q2 Earnings Call Puts Cost Discipline and Power in Focus
• Positive Sentiment: Barclays raised its price target to $216 from $213, while Bernstein increased its target to $209 from $204. Although both firms retained neutral-style ratings, the revisions indicate improved earnings expectations. Analysts Increase Forecasts on Chevron Following Upbeat Q2 Earnings
• Neutral Sentiment: Chevron is studying a pipeline route through Iraq toward Syria or Turkey to reduce reliance on the Strait of Hormuz. The project could improve supply-chain resilience, but it remains exploratory and carries substantial geopolitical and execution risks. Chevron CEO Evaluates New Pipeline Route Around Strait of Hormuz
• Negative Sentiment: President Donald Trump criticized Chevron and ExxonMobil for allegedly earning excessive profits during the Iran conflict and demanded lower retail gasoline prices. While the immediate regulatory consequences are uncertain, the comments increase political and windfall-tax risk. Trump Demands Lower Gas Prices From Oil Companies
• Negative Sentiment: Reports that U.S.-Iran negotiations could ease supply disruptions triggered a crude-price selloff, pressuring energy shares. Lower oil prices would reduce the value of Chevron’s war-boosted upstream earnings and cash flows. Energy Stocks Drop as Iran Talks Trigger Crude Oil Selloff
• Negative Sentiment: Berkshire Hathaway reduced its Chevron position by 35% under Greg Abel, removing a notable source of investor confidence and adding to selling pressure. Berkshire Hathaway Reduces Chevron Stake

About Chevron

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.