Chevron Corporation $CVX Stock: Courier Capital LLC Reduces Stake

Courier Capital LLC decreased its position in shares of Chevron Corporation (NYSE:CVX) by 69.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,188 shares of the oil and gas company’s stock after selling 34,944 shares during the quarter. Courier Capital LLC’s holdings in Chevron were worth $3,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new position in Chevron in the 1st quarter valued at approximately $25,000. Phillip James Consulting Co. purchased a new stake in Chevron during the 4th quarter valued at $26,000. Basso Capital Management L.P. bought a new stake in shares of Chevron in the 4th quarter worth $27,000. Main Street Group LTD bought a new stake in shares of Chevron in the 1st quarter worth $28,000. Finally, Kilter Group LLC bought a new stake in shares of Chevron in the 2nd quarter worth $28,000. Institutional investors own 72.42% of the company’s stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst confidence improved after Erste Group raised its Chevron 2026 EPS forecast to $16.90 from $16.09 and its 2027 estimate to $13.78 from $13.52. TD Cowen also increased its price target to $225, although it maintained a Hold rating. Chevron analyst estimates and price target
• Positive Sentiment: Chevron and Shell are restoring U.S. Gulf of Mexico production after Hurricane Isaias, with offshore facilities reportedly avoiding storm damage. A rapid restart limits the potential impact on output and cash flow. Chevron and Shell Gulf production recovery
• Positive Sentiment: Chevron-backed technical expertise helped deliver the first commercial gas from Australia’s Beetaloo Basin. The project could support future LNG exports and add to Chevron’s long-term international gas growth. Chevron and Australia’s Beetaloo gas project
• Positive Sentiment: Progress on Cyprus’ Aphrodite gas field, including discussions with Egypt on pipeline agreements and procurement, provides another potential development catalyst. Chevron has also been highlighted as a strong income stock and received a Zacks Rank #1 rating. Chevron and Egypt Aphrodite gas pipeline
• Neutral Sentiment: Leadership changes effective January 2027 will make former New Energies chief Jeff Gustavson CFO while current CFO Eimear Bonner takes responsibility for Oil, Products & Gas. The move links newer energy businesses more closely with Chevron’s core operations, but execution remains to be demonstrated. Chevron CFO and leadership changes
• Negative Sentiment: Chevron agreed to recognize an estimated one-time loss of roughly $3 billion to $4 billion, raising concerns about near-term earnings quality despite its strong recent quarter. Chevron one-time loss and earnings outlook
• Negative Sentiment: Chevron’s CEO criticized possible diesel and fuel-export restrictions, arguing that the policy could backfire. Such measures could create operational and market uncertainty for refiners and producers. Chevron CEO comments on fuel exports

Insider Transactions at Chevron

In other Chevron news, insider Andrew Walz sold 16,800 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $19,426,000.00. Following the completion of the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last three months. 0.56% of the stock is owned by insiders.

Chevron Stock Performance

CVX traded up $3.01 during mid-day trading on Tuesday, reaching $218.01. 7,432,162 shares of the company traded hands, compared to its average volume of 10,454,164. The stock has a market capitalization of $430.73 billion, a P/E ratio of 20.90, a P/E/G ratio of 0.59 and a beta of 0.53. 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 company’s fifty day moving average price is $204.94 and its 200-day moving average price is $193.04. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $218.79.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company’s revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 EPS. On average, sell-side analysts expect that Chevron Corporation will post 17.34 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CVX. Jefferies Financial Group boosted their price target on Chevron from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Wells Fargo & Company increased their price objective on Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Barclays reduced their price objective on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Piper Sandler lifted their price objective on Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Bank of America boosted their target price on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $213.08.

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.