Waverly Advisors 13F: Adds $894K to Chevron (CVX) Stake
An SEC filing shows Waverly Advisors grew its position in energy giant Chevron Corporation by 3.8% during the period.
Reviewed by automated data checks against the source filing. How we make and check alerts
Waverly Advisors added 5,394 shares to its stake in Chevron Corporation ($CVX), a 3.81% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 146,852 shares worth $24.34 million at the end of the quarter.
Since the filing, $CVX is up 1.1% after 1 week, down 4.7% after 1 month and up 19.9% to date (from the $187.73 close on May 15, 2026).
Find the original: Waverly Advisors 13F filings on SEC EDGAR
CVX
Chevron Corporation
Key Points
- Waverly Advisors boosted its holdings in Chevron Corporation by 5,394 shares to finish the reporting period with 146,852 shares valued at roughly $24.3 million.
- Chevron Corporation stock trades near $165.76, positioned well below its 52-week high of $223.46 while maintaining a price-to-earnings ratio of 20.69.
- Wall Street analysts hold a consensus buy rating on Chevron Corporation with a mean price target of $227.92 across 24 analyst opinions.
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Waverly Advisors Increases Chevron Holdings
Waverly Advisors added to its investment in Chevron Corporation (NYSE:CVX), growing its stake during the period. According to a Form 13F filing with the U.S. Securities and Exchange Commission, the firm boosted its holdings by 5,394 shares. This brought its total position to 146,852 shares. The reported value of the stake sits at approximately $24.34 million.
Chevron Stock Price and Market Context
Shares of Chevron traded around $165.76. The stock has experienced a range over the past year, hitting a low of $146.49 and a high of $223.46. The company carries a price-to-earnings ratio of 20.69 based on its profitability, along with a forward P/E ratio of 14.40. Its 50-day moving average rests at $206.42, while the 200-day moving average stands at $189.50.
Recent Earnings Performance
For its recent financial reporting, Chevron posted revenues of $209.38 billion alongside an earnings per share figure of $10.60. The energy producer generated a net profit margin of 9.83% and a return on equity of 12.23%. The company's next earnings report is scheduled for October 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 46.5%. Revenue missed estimates by 9.6%.
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Profit surprise
EBITDA beat by 3 percent. Operating income missed by 7 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises.
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Earnings quality
Gross margin down 19.4 points. Operating margin down 2.5 points. Positive free cash flow.
Earnings Call Summary
The quarter delivered $1.41 per share in adjusted earnings, beating consensus, but revenue of $47.6 billion fell short of the $52.6 billion street expected. The shortfall was mainly a revenue recognition timing issue from a sharp rise in commodity prices in March, which created about $3 billion in unfavorable mark-to-market effects on derivatives. Core operations remain strong, with Guyana and TCO running at full rates, Asian refineries running hard on Chevron crude, and the company capturing real value from integrating Hess assets. Management stayed disciplined, saying it is too early to change strategy after eight weeks of Middle East conflict.
Guidance Chevron held its full-year capital spending at $18 billion to $19 billion and reaffirmed production growth of 7 percent to 10 percent. The company raised affiliate distribution expectations to over $2 billion above first quarter because TCO, CPChem, and Angola LNG are running strong. At $70 per barrel Brent, cash flow will be solid, and higher prices would boost results further.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend Payments
Chevron provides an annual dividend yield of 3.25%, backed by a payout ratio of 67.18% of its earnings.
Wall Street Analyst Updates
Analyst firms have kept a close eye on the energy major, with several updating their price targets recently. On October 15, 2026, Morgan Stanley maintained its Overweight rating and raised its target to $226.00 from $218.00. TD Cowen maintained a Hold rating on October 12, 2026, with a target of $225.00. UBS maintained a Buy rating on October 8, 2026, lifting its target to $235.00. HSBC kept a Buy rating on September 25, 2026, pushing its target to $250.00. BMO Capital maintained an Outperform rating on September 3, 2026, with a $235.00 target. Piper Sandler maintained an Overweight rating on the same day with a $243.00 target, while Wells Fargo maintained an Overweight rating with a $230.00 target. Overall, the stock carries a consensus buy recommendation with a mean target price of $227.92 from 24 analysts.
About Chevron Corporation
Headquartered in Houston, Texas, Chevron explores for, produces, and refines crude oil and natural gas globally. The company operates through extensive upstream extraction and downstream refining segments, producing fuels, lubricants, and petrochemicals while investing in lower-carbon technologies like carbon capture.
What to Watch at Chevron Corporation
Investors will look toward Chevron's upcoming earnings release on October 30, 2026, for updated financial results. Because 13F filings are backward-looking reports reflecting holdings at the close of a past quarter, they may not capture the firm's current daily position.
Related Filing Alerts
Source: Waverly Advisors's 13F filing on $CVX (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Waverly Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts