Chevron Corporation $CVX Shares Sold by Ninety One SA Pty Ltd

Ninety One SA Pty Ltd decreased its position in shares of Chevron Corporation (NYSE:CVX) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,263 shares of the oil and gas company’s stock after selling 10,205 shares during the period. Chevron accounts for 1.0% of Ninety One SA Pty Ltd’s holdings, making the stock its 13th biggest position. Ninety One SA Pty Ltd’s holdings in Chevron were worth $19,696,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in Chevron in the 1st quarter worth approximately $25,000. Phillip James Consulting Co. acquired a new position in Chevron during the 4th quarter valued at approximately $26,000. Basso Capital Management L.P. acquired a new position in Chevron during the 4th quarter valued at approximately $27,000. Main Street Group LTD acquired a new position in Chevron during the 1st quarter valued at approximately $28,000. Finally, Kilter Group LLC purchased a new position in shares of Chevron in the second quarter worth $28,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Down 1.1%

NYSE:CVX opened at $219.51 on Friday. The firm has a market capitalization of $433.71 billion, a P/E ratio of 21.05, a PEG ratio of 0.61 and a beta of 0.53. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $223.46. The company’s fifty day moving average price is $206.81 and its 200-day moving average price is $193.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

Chevron (NYSE:CVX) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter last year, the company posted $1.77 earnings per share. The firm’s revenue was up 57.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Chevron Corporation will post 17.53 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.2%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insider Buying and Selling

In other news, Director John B. Hess sold 710,665 shares of the company’s 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 sale, the director owned 363,711 shares in the company, valued at $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Corporate insiders own 0.56% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley
• Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations
• Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock.
• Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high
• Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted
• Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of research analyst reports. Raymond James Financial dropped 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. Piper Sandler raised their target price on Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. BNP Paribas Exane lowered their price target on Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Argus boosted their price target on Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group dropped their price target on Chevron from $240.00 to $228.00 and set a “buy” rating on the stock 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $213.42.

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.