Silvercrest Asset Management Group 13F: Cuts CVX Stake by $21M

Silvercrest Trims Chevron Holdings

Silvercrest Asset Management Group scaled back its investment in Chevron Corporation CVX during the period ended May 15, 2026, according to a recent Form 13F filing with the U.S. Securities and Exchange Commission. The fund cut its stake by 20.5%, selling 125,593 shares. While backward-looking filings reflect holdings at a specific past date and may not show current positions, the move reduced the firm's total holding to 487,489 shares valued at approximately $80.8 million.

Changes in the Chevron Position

Prior to the reduction, Silvercrest owned 613,082 shares of the energy producer. The sale of 125,593 shares brought the fund's ending share count down to 487,489. Based on the reporting period data, the remaining stake carries an estimated value of $80.8 million, reflecting a notable trim by the asset manager.

Chevron Stock Performance and Valuation

Chevron shares recently changed hands at $165.76. The stock moves within a 52-week band spanning from a low of $146.49 up to a high of $223.46. The company trades with a price-to-earnings ratio of 20.7 and a forward price-to-earnings ratio of 14.4. Investors also watch its 50-day moving average of $206.42 and its 200-day moving average of $189.50 as benchmarks for medium and long-term momentum.

Recent Earnings and Financial Health

For its operations, Chevron posted revenue of $209.38 billion with a revenue growth rate of 0.5%. The energy major generated earnings of $10.60 per share, supported by a net margin of 9.8% and a return on equity of 12.2%. Its current ratio sits at 1.25, while its debt-to-equity ratio rests at 18.96. The company is scheduled to report its next batch of earnings results on October 30, 2026.

Dividend Profile

Income-focused shareholders receive an annual dividend yield of 3.25%, backed by a dividend payout ratio of 67.2% from the company's earnings.

Analysts Set New Price Targets

Wall Street research firms continue to evaluate the oil and gas producer with various outlooks. On October 15, 2026, Morgan Stanley maintained an Overweight rating and raised its price target to $226.00 from $218.00. On October 12, 2026, TD Cowen kept a Hold rating with a target moving to $225.00 from $215.00. UBS maintained a Buy rating on October 8, 2026, lifting its target to $235.00 from $220.00. Earlier, on September 25, 2026, HSBC maintained a Buy rating and boosted its target to $250.00 from $218.00. Overall, the consensus points to a buy recommendation with a mean price target of $227.92 across 24 analyst opinions.

Overview of Chevron Corporation

Headquartered in Houston, Texas, Chevron Corporation operates as an integrated energy and chemicals company. Through its upstream and downstream segments, the company explores for, produces, and transports crude oil and natural gas, refines petroleum products, and manufactures renewable fuels and industrial chemicals.

What to Watch at Chevron Corporation

Investors will look toward Chevron's upcoming earnings release on October 30, 2026, for updated production and financial figures. Subsequent 13F filings from institutional managers will also clarify whether other large holders are adjusting their positions in the energy sector.