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

Confluence Investment Management LLC cut its position in Chevron Corporation (NYSE:CVX) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 832,901 shares of the oil and gas company’s stock after selling 12,734 shares during the period. Chevron comprises 1.8% of Confluence Investment Management LLC’s portfolio, making the stock its 19th largest holding. Confluence Investment Management LLC’s holdings in Chevron were worth $129,341,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Barclays lowered their target price on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Bank of America cut 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. Hsbc Global Res upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Finally, Zacks Research downgraded shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $166.00.

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

Insider Transactions at Chevron

In other news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the sale, the director directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Chevron Price Performance

Chevron stock opened at $149.85 on Tuesday. The company has a market cap of $301.73 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 8.78 and a beta of 0.68. The firm’s fifty day moving average is $152.27 and its 200 day moving average is $152.65. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. During the same period last year, the company posted $2.48 EPS. The business’s revenue was down 1.9% on a year-over-year basis. Sell-side analysts forecast 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. Shareholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s payout ratio is presently 96.20%.

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.