TSG Advice Partners LLC Purchases New Stake in Chevron Corporation $CVX

TSG Advice Partners LLC purchased a new position in shares of Chevron Corporation (NYSE:CVX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,834 shares of the oil and gas company’s stock, valued at approximately $579,000.

Other large investors have also bought and sold shares of the company. Main Street Group LTD purchased a new stake in shares of Chevron during the first quarter valued at approximately $28,000. Kilter Group LLC bought a new position in shares of Chevron in the second quarter worth approximately $28,000. Principia Wealth Advisory LLC increased its stake in shares of Chevron by 49.6% in the second quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after buying an additional 60 shares during the period. Strategic Wealth Advisors LLC purchased a new position in shares of Chevron in the second quarter worth $33,000. Finally, Burk Holdings LLC purchased a new position in shares of Chevron in the second quarter worth $42,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s third-quarter performance was a major catalyst: revenue rose 36.3% year over year to approximately $67.8 billion, while adjusted EPS of $5.28 exceeded consensus by 8.5%. Record U.S. refining throughput, stronger margins and sustained upstream production supported the beat. CVX Q3 deep dive: operational discipline, Venezuela expansion, and AI adoption drive results
• Positive Sentiment: Analysts raised their outlook following the results. UBS maintained a Buy rating and increased its price target to $265 from $235, while Barclays lifted its target to $244 from $208. The revisions suggest continued confidence in Chevron’s earnings and cash-flow outlook. Chevron Analysts Raise Their Forecasts After Better-Than-Expected Q3 Earnings
• Positive Sentiment: Management highlighted potential longer-term growth from Venezuela production expansion, AI-driven reliability improvements and disciplined capital allocation. Analysts also expect stronger free cash flow, while ETF purchases indicate continued institutional demand. CVX Q3 Earnings Call Highlights Venezuela Growth and Refining Gains
• Positive Sentiment: Chevron declared a quarterly dividend of $1.78 per share, or $7.12 annualized, supporting its appeal to income-focused investors. The company has also substantially reduced net debt, strengthening its balance sheet.
• Neutral Sentiment: Chevron appointed Siva Barnwell Adams as corporate secretary and chief governance officer, effective January 1, 2027. The transition follows the planned retirement of Mary A. Francis and is unlikely to materially affect near-term earnings. Siva Barnwell Adams Named Corporate Secretary and Chief Governance Officer
• Negative Sentiment: After a roughly 59% year-to-date rally, CVX trades above many prior analyst targets. Some investors may be taking profits, with valuation models warning that expectations for refining profits and future growth may now be aggressive. Chevron Is Up 59% This Year and Trades Above Its Price Target. Time to Take Profits?
• Negative Sentiment: Chevron plans to increase exploration spending by 50% and commit significant capital to Venezuela and other frontier projects. These investments could pressure near-term free cash flow and carry geopolitical and execution risks.

Chevron Price Performance

CVX opened at $228.00 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The stock has a market capitalization of $450.47 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. The stock’s 50 day moving average price is $213.61 and its 200-day moving average price is $193.39. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $236.48.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.87 by $0.41. The company had revenue of $65.24 billion during the quarter, compared to analyst estimates of $61.82 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. On average, equities research analysts predict that Chevron Corporation will post 18.15 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be issued a $1.78 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $7.12 annualized dividend and a yield of 3.1%. Chevron’s dividend payout ratio is 52.08%.

Analyst Ratings Changes

CVX has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a report on Monday, August 17th. UBS Group raised their price target on shares of Chevron from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. William Blair began coverage on shares of Chevron in a research report on Wednesday, October 28th. They issued an “outperform” rating on the stock. Morgan Stanley boosted their price objective on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Piper Sandler upped their price objective on shares of Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $218.46.

Insiders Place Their Bets

In other news, insider R. Pate sold 40,700 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total value of $9,224,655.00. Following the completion of the sale, the insider directly owned 8,791 shares of the company’s stock, valued at approximately $1,992,480.15. This trade represents a 82.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 385,017 shares of company stock worth $78,253,704. 0.56% of the stock is currently owned by corporate insiders.

Chevron Company 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.