Strategic Planning Group LLC Makes New Investment in Chevron Corporation $CVX

Strategic Planning Group LLC purchased a new position in shares of Chevron Corporation (NYSE:CVX) during the third quarter, Holdings Channel.com reports. The fund purchased 2,479 shares of the oil and gas company’s stock, valued at approximately $506,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in Chevron by 31.6% during the third quarter. Brookstone Capital Management now owns 122,461 shares of the oil and gas company’s stock worth $25,008,000 after purchasing an additional 29,382 shares in the last quarter. Ledyard National Bank grew its holdings in Chevron by 24.1% in the third quarter. Ledyard National Bank now owns 12,514 shares of the oil and gas company’s stock valued at $2,555,000 after purchasing an additional 2,431 shares during the period. Culbertson A N & Co. Inc. grew its holdings in Chevron by 0.7% in the third quarter. Culbertson A N & Co. Inc. now owns 70,663 shares of the oil and gas company’s stock valued at $14,430,000 after purchasing an additional 474 shares during the period. Legacy Financial Group Inc. grew its holdings in Chevron by 15.5% in the third quarter. Legacy Financial Group Inc. now owns 2,391 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 320 shares during the period. Finally, NBT Bank N.A. purchased a new stake in shares of Chevron in the third quarter valued at approximately $15,907,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,195,682 shares of company stock valued at $235,619,780. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a research report on Thursday, July 2nd. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. TD Cowen boosted their price target on shares of Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a report on Monday, October 12th. Finally, BMO Capital Markets boosted their price target on shares of Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $213.96.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

Chevron Trading Up 3.0%

CVX stock opened at $233.39 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $233.74. The stock has a market cap of $461.13 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.55 and a beta of 0.53. The business’s 50-day moving average is $210.61 and its 200 day moving average is $194.38.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company 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 earned $1.77 EPS. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts anticipate that Chevron Corporation will post 18.20 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

About Chevron

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.