Confluence Investment Management LLC Sells 12,734 Shares of Chevron Corporation $CVX

Confluence Investment Management LLC trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 832,901 shares of the oil and gas company’s stock after selling 12,734 shares during the quarter. Chevron makes up about 1.8% of Confluence Investment Management LLC’s portfolio, making the stock its 19th biggest position. Confluence Investment Management LLC’s holdings in Chevron were worth $129,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC raised its holdings in shares of Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after buying an additional 439 shares during the period. Vermillion & White Wealth Management Group LLC boosted its holdings in Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 118 shares during the period. IMG Wealth Management Inc. grew its position in Chevron by 52.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 91 shares during the last quarter. GFG Capital LLC bought a new position in Chevron in the 2nd quarter valued at $42,000. Finally, LFA Lugano Financial Advisors SA increased its stake in Chevron by 106.7% in the second quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 160 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the sale, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CVX. Bank of America lowered their target price on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Wells Fargo & Company boosted their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays decreased their price target on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Finally, Morgan Stanley boosted their price target on Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $166.00.

Chevron Trading Up 1.4%

NYSE:CVX opened at $149.85 on Tuesday. The firm has a 50-day simple moving average of $152.27 and a 200-day simple moving average of $152.65. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The firm has a market cap of $301.73 billion, a P/E ratio of 21.08, a P/E/G ratio of 8.78 and a beta of 0.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. Chevron’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $2.48 earnings per share. Equities analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio is 96.20%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market commentary and screens pointing to CVX’s outperformance and investor interest after recent sessions, which supports buying momentum. Chevron (CVX) Laps the Stock Market: Here’s Why
• Positive Sentiment: Analysts highlight low-cost Permian operations as a resilience driver into 2026, underpinning cash flow and supporting dividend capacity. Permian Operations to Drive Resilience for These 3 Oil Stocks in 2026
• Positive Sentiment: Renewed speculation that Chevron will raise its long-running dividend (38+ years of increases) is attracting income-focused buyers and option-flow strategies. Chevron Could Raise Its Dividend Next Month – CVX Stock Looks Too Cheap
• Neutral Sentiment: Dividend-stock roundups continue to feature Chevron for its ~4.6% yield and long increase streak, which supports long-term income demand but is not a near-term catalyst by itself. Best Dividend Stocks To Buy In 2026
• Neutral Sentiment: “Most-watched” and analyst roundup pieces keep CVX on screens — boosts liquidity and attention but offers mixed buy/sell signals from different outlets. Is Most-Watched Stock Chevron Corporation (CVX) Worth Betting on Now?
• Negative Sentiment: Multiple reports show Chevron continuing operations and exports in Venezuela under U.S. license despite rising pressure — this supports short-term production but raises geopolitical and regulatory risk that could pressure sentiment if tensions escalate. Chevron continues to bet on Venezuela, WSJ reports

Chevron Company 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.