CX Institutional Sells 4,743 Shares of Chevron Corporation $CVX

CX Institutional lessened its position in Chevron Corporation (NYSE:CVX) by 20.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,976 shares of the oil and gas company’s stock after selling 4,743 shares during the quarter. CX Institutional’s holdings in Chevron were worth $2,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. United Bank grew its holdings in shares of Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 796 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in Chevron by 9.0% in the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the last quarter. BNP Paribas boosted its position in Chevron by 76.4% during the second quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 191 shares during the period. Osterweis Capital Management Inc. grew its stake in shares of Chevron by 678.9% during the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of Chevron by 3.6% during the second quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock valued at $2,299,000 after buying an additional 553 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVX. Scotiabank increased their target price on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings cut Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Bank of America boosted their price objective on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Sanford C. Bernstein raised their target price on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Chevron in a research note on Tuesday, May 5th. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $207.26.

Trending Headlines about Chevron

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

Insider Buying and Selling

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

Chevron Price Performance

Shares of NYSE CVX opened at $190.31 on Wednesday. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The company has a market capitalization of $379.02 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 0.60 and a beta of 0.49. The company has a 50 day simple moving average of $182.09 and a two-hundred day simple moving average of $185.49.

Chevron (NYSE:CVX) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.14%. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 earnings per share. Analysts expect that Chevron Corporation will post 15.66 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio is currently 68.26%.

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.