Avidian Wealth Enterprises LLC Buys 4,488 Shares of Chevron Corporation $CVX

Avidian Wealth Enterprises LLC grew its position in shares of Chevron Corporation (NYSE:CVX) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,798 shares of the oil and gas company’s stock after purchasing an additional 4,488 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Chevron were worth $7,267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CVX. Quaker Wealth Management LLC raised its holdings in shares of Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Chevron in the third quarter worth $34,000. Vermillion & White Wealth Management Group LLC raised its stake in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 118 shares in the last quarter. IMG Wealth Management Inc. lifted its position in Chevron by 52.3% during the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 91 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new position in shares of Chevron in the 3rd quarter worth $41,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. HSBC set a $169.00 price target on shares of Chevron and gave the company a “buy” rating in a report on Monday, December 1st. BMO Capital Markets restated an “outperform” rating on shares of Chevron in a research report on Thursday, January 8th. Sanford C. Bernstein lifted their target price on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Raymond James Financial reissued an “outperform” rating and set a $160.00 target price (down previously from $170.00) on shares of Chevron in a research report on Friday, October 17th. Finally, Hsbc Global Res upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $168.61.

Insider Transactions at Chevron

In other news, CFO Eimear P. Bonner sold 28,334 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alana K. Knowles sold 7,956 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the completion of the sale, the insider directly owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. This trade represents a 86.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 635,190 shares of company stock valued at $100,254,408. Company insiders own 0.20% of the company’s stock.

Chevron Stock Down 0.6%

Shares of CVX opened at $165.29 on Wednesday. The firm has a fifty day moving average price of $153.86 and a 200-day moving average price of $154.51. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $332.82 billion, a P/E ratio of 23.25, a P/E/G ratio of 10.29 and a beta of 0.70. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $169.37.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $2.48 EPS. Equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.1%. Chevron’s dividend payout ratio is 96.20%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: JPMorgan upgraded Chevron from Neutral to Overweight with a $176 price target — a near‑term catalyst for buying interest and implied upside from current levels. JPMorgan Upgrade (Benzinga)
• Positive Sentiment: Jefferies recently raised its price target (reported by analysts) and remains bullish, reflecting continued analyst conviction in Chevron’s cash flow and dividend profile. Analysts Stay Positive on Chevron (InsiderMonkey)
• Positive Sentiment: Bloomberg/Reuters report that Turkish Petroleum is in talks with Chevron for joint oil & gas exploration — a new partnership that could open incremental upstream opportunities and longer‑term production optionality. Turkish Petroleum Talks with Chevron (Reuters)
• Neutral Sentiment: Sector commentary is questioning whether Chevron’s current price reflects long‑term value after recent energy strength — useful context for valuation‑focused investors but not an immediate catalyst. Is Chevron Pricing Reflect Long Term Value (Yahoo)
• Neutral Sentiment: Chevron’s inclusion in dividend‑focused ETFs and “forever stock” lists supports steady long‑term demand from income investors, underpinning downside support. Forever Stocks to Hold (MarketBeat)
• Negative Sentiment: WSJ reports Chevron faces a dilemma on Venezuela — politically attractive access vs. reluctance to commit large capital — highlighting execution and geopolitical risk to any upside tied to Venezuelan reopening. Chevron’s Dilemma in Venezuela (WSJ)
• Negative Sentiment: Disclosure that Senator Markwayne Mullin bought Chevron stock days before a U.S. operation concerning Venezuela has drawn attention to political timing and highlights Chevron’s sensitivity to U.S. policy — a reputational/regulatory risk investors watch closely. Sen. Mullin Bought Chevron Stock (QuiverQuant)

About Chevron

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.