16,590 Chevron Corporation $CVX Shares Acquired by Wedmont Private Capital

09 Oct 2026, 19:40 by Mitch Edgeman · The Markets Daily

Wedmont Private Capital raised its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 77.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,933 shares of the oil and gas company’s stock after buying an additional 16,590 shares during the quarter. Wedmont Private Capital’s holdings in Chevron were worth $8,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CVX. Midwest Capital Advisors LLC bought a new stake in Chevron during the 1st quarter worth approximately $25,000. Phillip James Consulting Co. bought a new position in Chevron in the 4th quarter valued at $26,000. Basso Capital Management L.P. bought a new position in Chevron in the 4th quarter valued at $27,000. Main Street Group LTD purchased a new position in shares of Chevron during the 1st quarter valued at $28,000. Finally, Kilter Group LLC bought a new position in shares of Chevron in the second quarter worth $28,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. HSBC set a $90.00 target price on Chevron in a research note on Friday, September 25th. BNP Paribas Exane dropped 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. Raymond James Financial cut their price objective on Chevron from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $210.24.

Get Our Latest Research Report on Chevron

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Higher oil prices are supporting the stock. Crude rose above $92.60 per barrel amid Middle East supply concerns, improving the outlook for Chevron’s upstream cash flow. UBS also raised its price target to $235. Why Is Chevron Stock Surging on Thursday?
Positive Sentiment: Analyst support remains constructive. Piper Sandler maintained its Buy rating, while Zacks highlighted Chevron as its Bull of the Day. The positive views emphasize Chevron’s cash generation, shareholder returns and potential benefits from elevated energy prices. Piper Sandler Sticks to Their Buy Rating for Chevron
Positive Sentiment: Chevron’s portfolio restructuring could improve long-term efficiency. The company is transferring its Hess Midstream ownership and DJ Basin assets in exchange for revised Bakken contract terms and approximately $200 million in cash. The transaction is intended to simplify the portfolio, reduce costs and address roughly $3 billion to $4 billion of value or balance-sheet pressure. Chevron Is Offloading Hess Midstream and Taking a $3 Billion to $4 Billion Hit
Neutral Sentiment: Gulf storm disruptions have mixed implications. Chevron shut in four Gulf facilities as Tropical Storm Isaias approached, contributing to broader regional production cuts. Reduced supply may support crude prices, but the shutdowns could temporarily reduce Chevron’s output and raise operating costs. Big Oil Begins Shutting In Gulf of Mexico Production
Negative Sentiment: The Hess Midstream transaction carries near-term financial costs. Reports indicate the deal will lower Hess Midstream’s earnings and may result in a substantial hit for Chevron, even though it provides longer-term contractual and cost benefits. Investors may remain focused on execution and the size of the write-down. Latham Advises Chevron on Divestiture of Hess Midstream and DJ Basin Assets

Chevron Price Performance

CVX traded up $0.99 during trading on Friday, reaching $212.54. The stock had a trading volume of 2,509,021 shares, compared to its average volume of 10,460,291. The stock has a market cap of $419.94 billion, a PE ratio of 20.36, a PEG ratio of 0.57 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 Corporation has a one year low of $146.49 and a one year high of $217.78. The business has a 50-day moving average of $204.21 and a 200-day moving average of $192.94.

Chevron (NYSE:CVX – Get Free Report) 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 analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter last year, the business posted $1.77 earnings per share. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities research analysts anticipate that Chevron Corporation will post 17.47 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s dividend payout ratio is currently 68.26%.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hess sold 100,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the transaction, the director directly owned 178,045 shares in the company, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,152,582 shares of company stock worth $225,853,661 in the last three months. Corporate insiders own 0.56% of the company’s stock.

About Chevron

(Free Report)

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.