Chevron Corporation $CVX Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of Chevron Corporation (NYSE:CVX) by 77.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,264 shares of the oil and gas company’s stock after selling 4,228 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Chevron were worth $258,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Capital Inc. acquired a new stake in Chevron in the 2nd quarter worth approximately $786,000. OneAscent Wealth Management LLC acquired a new position in Chevron during the 2nd quarter valued at approximately $973,000. Global Retirement Partners LLC acquired a new position in Chevron during the 2nd quarter valued at approximately $14,276,000. Ferguson Wellman Capital Management Inc. increased its stake in Chevron by 0.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company’s stock valued at $186,182,000 after purchasing an additional 5,787 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after buying an additional 79,439 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CVX. BNP Paribas Exane lowered their price objective on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Weiss Ratings raised shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Sanford C. Bernstein upped 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. Piper Sandler upped their target price on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group reduced their target price on Chevron from $240.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and a consensus target price of $213.08.

Chevron Stock Performance

Shares of CVX stock traded up $4.39 during trading hours on Wednesday, hitting $222.12. The company’s stock had a trading volume of 4,689,220 shares, compared to its average volume of 10,423,784. The company has a 50 day moving average of $205.49 and a 200 day moving average of $193.13. The stock has a market cap of $438.85 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. 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 $222.20.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, sell-side analysts forecast that Chevron Corporation will post 17.43 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support is helping sentiment. Chevron received an upgrade, while Erste Group raised its FY2026 EPS estimate to $16.90 from $16.09 and its FY2027 estimate to $13.78 from $13.52. CVX was also included on a Zacks list of top-rated income stocks. Chevron Stock Jumps After Analyst Upgrade
• Positive Sentiment: Chevron is positioned to benefit from efforts to revive Venezuela’s oil industry as the United States seeks additional supply amid geopolitical risks and possible Strait of Hormuz disruptions. The opportunity could expand production and support long-term cash flow, although it remains dependent on government policy and operating conditions. Venezuela Oil Revival
• Positive Sentiment: Chevron and Shell are restoring Gulf of Mexico production after Hurricane Isaias, with facilities reportedly avoiding significant damage. A quick recovery limits disruption risk and allows Chevron to resume output. Gulf Oil Production Recovery
• Positive Sentiment: Investors continue to favor Chevron’s integrated model, which combines upstream production with refining and chemicals. That diversification has historically helped support dividends during periods of weak oil prices. New gas development in Australia’s Beetaloo Basin also adds potential exposure to LNG-related supply growth. Integrated Oil Companies and Dividends
• Neutral Sentiment: Chevron’s CFO transition and efforts to link new-energy investments more closely with its core oil and gas operations may improve capital discipline, but the benefits will depend on execution and future returns on investment. Chevron CFO Shake-Up
• Negative Sentiment: Some valuation commentary suggests CVX may now be overvalued after its strong rally. Analysts also note that the recent advance has not fully offset a decade of underperformance relative to the broader market, increasing the risk of profit-taking near record levels. Chevron Valuation Analysis
• Negative Sentiment: Chevron’s planned one-time loss of roughly $3 billion to $4 billion and ongoing exposure to oil prices, storms, interest rates and geopolitical developments remain risks to near-term earnings and valuation.

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the sale, the director directly owned 178,045 shares of the company’s stock, valued at $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Pate sold 2,470 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last three months. Company insiders own 0.56% of the company’s stock.

Chevron 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.