Chevron Corporation $CVX Holdings Lowered by WealthSpring Partners LLC

WealthSpring Partners LLC reduced its position in Chevron Corporation (NYSE:CVX) by 23.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,813 shares of the oil and gas company’s stock after selling 2,455 shares during the quarter. Chevron comprises approximately 1.8% of WealthSpring Partners LLC’s investment portfolio, making the stock its 13th largest position. WealthSpring Partners LLC’s holdings in Chevron were worth $1,595,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CVX. Sanders Morris Harris LLC boosted its stake in Chevron by 6.1% during the third quarter. Sanders Morris Harris LLC now owns 11,984 shares of the oil and gas company’s stock worth $2,450,000 after buying an additional 684 shares during the last quarter. Consilium Wealth Advisory LLC boosted its stake in Chevron by 3.4% during the third quarter. Consilium Wealth Advisory LLC now owns 8,042 shares of the oil and gas company’s stock worth $1,642,000 after buying an additional 262 shares during the period. Investment Planning Advisors Inc. boosted its position in shares of Chevron by 24.9% during the 3rd quarter. Investment Planning Advisors Inc. now owns 2,179 shares of the oil and gas company’s stock worth $445,000 after purchasing an additional 435 shares during the period. Seelaus Asset Management LLC grew its stake in shares of Chevron by 15.4% in the third quarter. Seelaus Asset Management LLC now owns 2,850 shares of the oil and gas company’s stock valued at $530,000 after buying an additional 380 shares in the last quarter. Finally, ABLE Financial Group LLC grew its position in Chevron by 4.0% in the 3rd quarter. ABLE Financial Group LLC now owns 10,025 shares of the oil and gas company’s stock valued at $2,047,000 after acquiring an additional 384 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s recovery of U.S. Gulf of Mexico production after Hurricane Isaias, with no reported damage to its facilities, reduces the risk of a prolonged operational disruption. Chevron & Shell Lead U.S. Gulf Oil Production Recovery After Hurricane
• Positive Sentiment: Analysts at Erste Group raised their fiscal 2026 EPS forecast for Chevron to $16.90 from $16.09 and lifted the fiscal 2027 estimate to $13.78 from $13.52, reinforcing the view that earnings momentum remains favorable. Chevron analyst earnings estimates
• Positive Sentiment: Chevron is among the energy companies positioned to benefit from Venezuela’s oil revival and potential efforts to offset supply disruptions near the Strait of Hormuz. The opportunity could expand production and long-term cash flow, although execution and geopolitical risks remain. Venezuela’s Oil Revival Is Gaining Momentum
• Positive Sentiment: Chevron’s integrated model—combining upstream production with refining and other businesses—continues to support dividend resilience when crude prices weaken. Its Beetaloo Basin expertise also helped deliver Australia’s first commercial gas, adding potential exposure to LNG demand. Oil Giants and Dividend Resilience
• Neutral Sentiment: Coverage of Chevron’s AI investment process indicates that management is evaluating AI projects based on measurable returns and competition for capital. The initiative may improve efficiency, but no immediate financial impact was identified. How CFOs Decide Which AI Bets Create Value
• Negative Sentiment: Chevron reportedly agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on near-term results despite stronger underlying earnings. Chevron Is Cleaning House Before the Earnings Peak Fades
• Negative Sentiment: Some valuation analysis views CVX as overvalued after its rally, while longer-term comparisons show the stock has underperformed the broader market over the past decade. These concerns could limit further upside. Is Chevron Overvalued After Its Rally?

Insiders Place Their Bets

In related news, Director John B. Hess sold 710,665 shares of Chevron stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the transaction, the director directly owned 363,711 shares in the company, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the transaction, the insider owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. The trade was a 18.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of several analyst reports. Argus boosted their target price on Chevron from $206.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Wells Fargo & Company increased their target price on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Raymond James Financial cut their price target on Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Sanford C. Bernstein lifted their price objective on shares of Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Finally, Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average target price of $213.08.

Chevron Trading Up 2.0%

Shares of CVX opened at $222.05 on Thursday. The stock has a fifty day moving average of $206.20 and a two-hundred day moving average of $193.23. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $222.55. The company has a market capitalization of $438.71 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25.

Chevron (NYSE:CVX) last posted its quarterly earnings results 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. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron’s revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. As a group, analysts forecast that Chevron Corporation will post 17.59 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis 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%.

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.