Insight Wealth Strategies LLC Sells 3,820 Shares of Chevron Corporation $CVX

Insight Wealth Strategies LLC lessened its holdings in Chevron Corporation (NYSE:CVX) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,403 shares of the oil and gas company’s stock after selling 3,820 shares during the period. Chevron comprises about 2.8% of Insight Wealth Strategies LLC’s portfolio, making the stock its 6th largest holding. Insight Wealth Strategies LLC’s holdings in Chevron were worth $28,400,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CVX. Midwest Capital Advisors LLC acquired a new stake in Chevron in the first quarter valued at approximately $25,000. Main Street Group LTD purchased a new position in shares of Chevron during the 1st quarter valued at approximately $28,000. Phillip James Consulting Co. acquired a new stake in Chevron in the 4th quarter valued at $26,000. Core Wealth Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at $26,000. Finally, Karpus Management Inc. purchased a new stake in Chevron in the 4th quarter worth $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 5,547 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total value of $1,037,289.00. Following the completion of the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $4,919,596. This represents a 17.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hess sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the transaction, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,196,212 shares of company stock valued at $231,819,366. 0.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CVX has been the topic of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Zacks Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Scotiabank lifted their price objective on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. BNP Paribas Exane upgraded Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price objective for the company in a research note on Friday, April 17th. Finally, Piper Sandler initiated coverage on Chevron in a research note on Thursday, July 23rd. They set an “overweight” rating and a $207.00 price objective for the company. Nineteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $207.48.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings: Renewed uncertainty around the Strait of Hormuz and limited progress in U.S.-Iran talks pushed crude prices higher. Because Chevron’s upstream business benefits from stronger oil prices, the commodity rally is providing a near-term catalyst. Chevron Stock Jumps 3.3% as Hormuz Doubts Lift Oil
• Positive Sentiment: Q2 results and operating momentum remain supportive: Chevron exceeded earnings and revenue expectations, delivered record production, generated strong cash flow, and highlighted early progress from its Hess acquisition. These factors are strengthening the case for continued per-share accretion and production growth through 2030. CVX’s Q2 Earnings Beat: Can Strong Momentum Drive the Stock Higher?
• Positive Sentiment: Analyst estimates moved higher: Erste Group Bank raised its Chevron EPS forecasts to $15.32 for fiscal 2026 and $13.14 for fiscal 2027, citing a more favorable earnings outlook. The 2026 estimate remains close to the broader consensus of $15.86. Chevron analyst estimate update
• Positive Sentiment: Investment-screen coverage is favorable: Recent Zacks commentary identifies CVX as a strong momentum and long-term stock, while investor comparisons with ExxonMobil continue to focus on Chevron’s dividend and passive-income appeal. Why Chevron Is a Strong Momentum Stock
• Neutral Sentiment: Commodity dependence remains central: Chevron’s outlook is attractive if crude prices remain elevated, but comparisons with Occidental Petroleum and ExxonMobil emphasize that relative performance and investor returns will depend heavily on the next oil-price cycle. Buffett Oil Stock Outperforming Chevron
• Negative Sentiment: Risks could limit the rally: Oil prices have been volatile, and planned maintenance could weigh on near-term production or refining results. Any easing of geopolitical tensions or retreat in crude prices would reduce the earnings tailwind. CVX’s Q2 Earnings Beat and Outlook

Chevron Trading Up 0.9%

Shares of CVX opened at $196.62 on Wednesday. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $182.73 and its two-hundred day moving average is $186.35. The stock has a market cap of $388.48 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.49.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Research analysts forecast that Chevron Corporation will post 15.96 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.6%. 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.