Symphony Financial 13F: Adds $1.2M to Chevron (CVX) Stake
Key Points
- Symphony Financial grew its Chevron Corporation holding by 30.9% during the quarter, ending with 25,043 shares valued at about $5.1 million.
- Chevron Corporation recently traded near $226.68, sitting below its average analyst target of $230.67 ahead of earnings.
- Wall Street analysts and company insiders have remained active around the stock, with several firms maintaining buy or hold ratings.
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Symphony Financial boosted its stake in Chevron Corporation (NYSE: CVX) during the quarter, increasing its holdings by 30.9% to reach 25,043 shares. According to a Form 13F filing with the SEC on October 22, 2026, the firm's investment grew by 5,908 shares, bringing the total value of its position to approximately $5.1 million.
CVX
Chevron Corporation
Symphony Financial vs. the S&P 500
Hypothetical returns from Symphony Financial's disclosed trades, not real profit or advice. How we model this.
What Changed in Symphony Financial's Chevron Position
Symphony Financial expanded its footprint in the energy producer by adding 5,908 shares during the period. The fund previously held 19,135 shares. This 30.9% increase brings its total investment to 25,043 shares, valued at $5,136,741 as of the filing date.
Other Institutional Activity in Chevron
Other large investors adjusted their positions in Chevron around the same time. Ninety One UK trimmed its holdings by 311,217 shares to end with 2,637,019 shares worth about $538.5 million. Mirae Asset Securities picked up a new position of 100,177 shares valued at roughly $20.5 million. Waverly Advisors grew its holdings by 5,394 shares, finishing with 146,852 shares worth about $24.3 million. Y-Intercept sold out entirely, cutting 134,525 shares to leave its holdings at zero. DAVENPORT reduced its stake by 121,618 shares, ending with 670,395 shares valued at about $136.9 million.
Chevron Corporation Stock Up 0.4%
Chevron shares recently traded around $226.68, remaining nearly flat compared to the close of $226.68 on the filing date. The stock trades above its 50-day moving average of $209.11 and sits well above its 200-day moving average of $190.89. The share price is down about 0.8% from its 52-week high of $228.48, while holding up well from its 52-week low of $146.49.
Recent Earnings
Chevron reported trailing twelve month revenue of $209.4 billion with an EPS of $10.39. The company posted a net profit margin of 9.8% and a return on equity of 12.2%. Its next quarterly financial update 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
Chevron pays an annual dividend of $7.12 per share, giving it a dividend yield of 3.14%. The company doles out 67.2% of its earnings as dividends.
Insider Buying and Selling at Chevron Corporation
Company insiders have made several transactions recently. Robert Hewitt Pate, serving as an officer and chief legal officer, executed multiple sales under trading plans, including a sale of 2,400 shares on October 19, 2026, and a sale of 40,700 shares on October 20, 2026.
Analysts Set New Price Targets
Wall Street firms remain mostly positive on the stock. On September 25, HSBC maintained its buy rating and raised its target to $250.00. TD Cowen maintained a hold rating while lifting its target to $215.00 on September 28, and later adjusted it to $225.00 on October 12. UBS maintained a buy rating and raised its target to $235.00 on October 8. Morgan Stanley maintained an overweight rating and moved its target to $226.00 on October 15. Overall, the stock carries a consensus buy rating and a mean price target of $230.67 from 24 analysts.
About Chevron
Headquartered in Houston, Texas, Chevron Corporation operates as an integrated global energy and chemical company. The firm manages upstream oil and gas extraction alongside downstream refining and distribution operations, making it a major player in worldwide energy markets.
Bottom Line
Investors will look toward Chevron's upcoming earnings report on October 30, 2026, for further insight into its operational performance. Institutional filings and analyst revisions will continue to guide market sentiment following these recent portfolio adjustments.
Related Filing Alerts
Source: Symphony Financial's 13F filing on $CVX (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts