ASK Capital Investment Managers LLC Purchases New Holdings in Chevron Corporation $CVX

ASK Capital Investment Managers LLC purchased a new position in Chevron Corporation (NYSE:CVX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,014 shares of the oil and gas company’s stock, valued at approximately $4,495,000. Chevron makes up about 5.0% of ASK Capital Investment Managers LLC’s portfolio, making the stock its 8th largest holding.

A number of other large investors have also modified their holdings of the stock. Virginia Estate & Retirement Planning Advisors Inc. increased its holdings in Chevron by 20.8% during the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 290 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 50 shares during the period. MFA Wealth Services raised its position in Chevron by 4.0% in the 3rd quarter. MFA Wealth Services now owns 1,940 shares of the oil and gas company’s stock valued at $396,000 after purchasing an additional 74 shares in the last quarter. XY Planning Network Inc. boosted its stake in shares of Chevron by 19.1% in the 3rd quarter. XY Planning Network Inc. now owns 4,337 shares of the oil and gas company’s stock valued at $886,000 after buying an additional 697 shares during the period. Capstone Capital LLC purchased a new position in shares of Chevron in the 3rd quarter valued at about $214,000. Finally, Allied Investment Advisors LLC boosted its stake in shares of Chevron by 1.4% in the 3rd quarter. Allied Investment Advisors LLC now owns 95,265 shares of the oil and gas company’s stock valued at $19,454,000 after buying an additional 1,318 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In other news, insider R. Pate sold 2,470 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were 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 in the company, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last ninety days. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the subject of several analyst reports. Sanford C. Bernstein boosted their price target on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Raymond James Financial reduced their price objective on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Bank of America raised their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, HSBC set a $90.00 target price on shares of Chevron in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $213.08.

Chevron Price Performance

Shares of NYSE CVX opened at $218.01 on Wednesday. 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 Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $218.79. The firm has a market capitalization of $430.73 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. The stock’s 50-day simple moving average is $205.49 and its 200-day simple moving average is $193.13.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion during 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 firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. As a group, equities research analysts forecast that Chevron Corporation will post 17.43 EPS for the current fiscal year.

Chevron Announces Dividend

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

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: An analyst upgrade helped support Chevron’s recent advance, while TD Cowen raised its price target from $215 to $225 and Erste Group increased its FY2026 and FY2027 EPS forecasts to $16.90 and $13.78, respectively. Chevron Stock Jumps After Analyst Upgrade Chevron Price Target Increase from TD Cowen
• Positive Sentiment: Chevron’s operating outlook is benefiting from the first commercial gas production in Australia’s Beetaloo Basin, progress on the Aphrodite gas project with Egypt, and longer-term production growth tied to the Hess integration and international gas assets. Chevron and Beetaloo Gas Chevron and Egypt Discuss Aphrodite Pipeline
• Positive Sentiment: Offshore operations in the U.S. Gulf are being restored after Hurricane Isaias, with no major facility damage reported. The recovery limits the potential duration of production disruptions. Chevron Gulf Production Recovery
• Positive Sentiment: Recent coverage highlights Chevron’s strong cash flow, expanding production, cost savings, dividend appeal and performance ahead of the broader energy sector. Zacks also included CVX among its top-rated income stocks. CVX Outpaces Industry
• Neutral Sentiment: Chevron is reorganizing senior leadership effective January 2027, moving current CFO Eimear Bonner to lead Oil, Products & Gas and appointing Jeff Gustavson as CFO. The changes could improve integration of lower-carbon businesses, but execution remains to be demonstrated.
• Negative Sentiment: Valuation is becoming a concern after the rally: GF Value characterizes CVX as overvalued, while one reported average analyst target of $213.08 is below the recent trading level. Chevron Valuation Analysis
• Negative Sentiment: Chevron’s planned one-time charge of roughly $3 billion to $4 billion will weigh on reported results, while its warning that diesel and fuel-export restrictions could backfire introduces policy risk.

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.