Diversified Management Inc. Decreases Stock Holdings in Chevron Corporation $CVX

Diversified Management Inc. reduced its position in Chevron Corporation (NYSE:CVX) by 75.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,480 shares of the oil and gas company’s stock after selling 4,469 shares during the period. Diversified Management Inc.’s holdings in Chevron were worth $245,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CVX. Indivisible Partners purchased a new position in shares of Chevron during the 4th quarter valued at about $1,923,000. Janney Montgomery Scott LLC grew its position in Chevron by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after acquiring an additional 79,439 shares during the last quarter. Galaxy Digital Inc. bought a new position in Chevron during the first quarter valued at approximately $2,028,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Chevron by 35.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 42,882 shares of the oil and gas company’s stock worth $6,536,000 after acquiring an additional 11,120 shares in the last quarter. Finally, Osprey Private Wealth LLC boosted its stake in shares of Chevron by 556.4% in the 4th quarter. Osprey Private Wealth LLC now owns 9,190 shares of the oil and gas company’s stock valued at $1,401,000 after purchasing an additional 7,790 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of CVX stock opened at $196.56 on Thursday. The firm has a market capitalization of $388.36 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.60 and a beta of 0.49. The stock has a fifty day moving average of $182.86 and a 200 day moving average of $186.57. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $214.71. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 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 period last year, the company posted $1.77 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, research analysts expect that Chevron Corporation will post 15.96 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Debt reduction strengthens financial flexibility. Chevron reportedly paid down $8.4 billion of debt, supporting lower interest costs, a more resilient balance sheet and potentially greater capacity for dividends, buybacks and investment. Chevron Just Paid Down $8.4 Billion in Debt
• Positive Sentiment: Analysts raised Chevron’s earnings outlook. Erste Group Bank increased its FY2026 EPS forecast to $15.32 from $14.58 and its FY2027 estimate to $13.14 from $12.61. The revisions add support to the bullish case, although the FY2026 forecast remains below broader consensus estimates near $15.96. Chevron earnings estimate revisions
• Positive Sentiment: Recent operating performance remains strong. Chevron’s latest reported quarter exceeded analysts’ EPS and revenue expectations, with revenue increasing sharply year over year. This provides fundamental support for the stock, though future results remain highly dependent on oil and gas prices. Chevron Q2 earnings metrics
• Neutral Sentiment: Hormuz tensions increase both opportunity and risk. The Strait of Hormuz carries roughly 20% of global oil consumption. Any disruption could lift crude prices and Chevron’s upstream earnings, but a prolonged crisis could also damage global demand and increase operational and political risks. Hormuz declaration and Chevron
• Neutral Sentiment: Treasurer transition is unlikely to materially affect valuation. Chevron named Uriel “Ose” Oseguera as treasurer effective November 1, succeeding retiring executive Navin Mahajan. The change appears orderly, with Oseguera taking responsibility for capital markets, finance, insurance, credit and risk management.
• Negative Sentiment: Windfall-tax proposals could pressure future returns. Rising calls to tax oil companies’ elevated profits may increase Chevron’s regulatory burden or reduce cash available for shareholder distributions and investment. Calls for windfall taxes on oil profits

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 5,547 shares of Chevron stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $4,919,596. The trade was a 17.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Hess sold 710,665 shares of the stock in a transaction on 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 owned 363,711 shares of the company’s stock, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,196,212 shares of company stock valued at $231,819,366. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CVX has been the subject of several recent research reports. Piper Sandler began coverage on shares of Chevron in a research note on Thursday, July 23rd. They issued an “overweight” rating and a $207.00 price target for the company. Weiss Ratings raised Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday. Bank of America raised their price target on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $216.00 price target on shares of Chevron in a research note on Wednesday, May 6th. Finally, Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, July 2nd. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Chevron has an average rating of “Moderate Buy” and a consensus price target of $207.48.

Chevron Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.