Tower Wealth Partners Inc. Reduces Position in Chevron Corporation $CVX

16 Oct 2025, 10:32 by Teresa Graham · The Cerbat Gem

Tower Wealth Partners Inc. cut its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,952 shares of the oil and gas company’s stock after selling 212 shares during the quarter. Tower Wealth Partners Inc.’s holdings in Chevron were worth $423,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC grew its holdings in shares of Chevron by 19.9% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 16,816 shares of the oil and gas company’s stock valued at $2,408,000 after buying an additional 2,787 shares during the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of Chevron by 18.8% during the second quarter. WealthPlan Investment Management LLC now owns 96,934 shares of the oil and gas company’s stock valued at $13,880,000 after buying an additional 15,324 shares during the last quarter. Alta Capital Management LLC grew its holdings in shares of Chevron by 8.3% during the second quarter. Alta Capital Management LLC now owns 43,316 shares of the oil and gas company’s stock valued at $6,202,000 after buying an additional 3,303 shares during the last quarter. Pettinga Financial Advisors LLC grew its holdings in shares of Chevron by 3.3% during the second quarter. Pettinga Financial Advisors LLC now owns 3,126 shares of the oil and gas company’s stock valued at $448,000 after buying an additional 101 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in shares of Chevron by 0.3% during the second quarter. Bridges Investment Management Inc. now owns 148,448 shares of the oil and gas company’s stock valued at $21,256,000 after buying an additional 441 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CVX. Mizuho dropped their price objective on shares of Chevron from $192.00 to $191.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Morgan Stanley initiated coverage on shares of Chevron in a research report on Monday, August 4th. They set an “overweight” rating and a $174.00 target price for the company. Evercore ISI restated an “outperform” rating and set a $180.00 target price on shares of Chevron in a research report on Thursday, July 31st. Wells Fargo & Company restated an “overweight” rating and set a $178.00 target price on shares of Chevron in a research report on Friday, August 1st. Finally, Melius initiated coverage on shares of Chevron in a research report on Wednesday, August 20th. They set a “hold” rating and a $155.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $165.40.

Get Our Latest Analysis on CVX

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 375,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $158.30, for a total value of $59,362,500.00. Following the completion of the transaction, the director owned 1,403,045 shares in the company, valued at approximately $222,102,023.50. This represents a 21.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Alana K. Knowles sold 3,978 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $160.00, for a total transaction of $636,480.00. Following the completion of the transaction, the vice president owned 1,181 shares of the company’s stock, valued at approximately $188,960. This trade represents a 77.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Chevron Trading Down 0.3%

Shares of Chevron stock opened at $151.99 on Thursday. The firm has a 50-day simple moving average of $156.10 and a two-hundred day simple moving average of $148.36. The company has a market cap of $262.63 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.99 and a beta of 0.84. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. The business had revenue of $44.82 billion during the quarter, compared to the consensus estimate of $44.59 billion. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.55 earnings per share. As a group, equities analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $1.71 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. Chevron’s dividend payout ratio is 88.03%.

About Chevron

(Free Report)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.