Chevron Corporation $CVX Shares Acquired by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,526 shares of the oil and gas company’s stock after buying an additional 3,179 shares during the period. Avantax Planning Partners Inc.’s holdings in Chevron were worth $10,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Chevron in the second quarter valued at about $2,721,477,000. Laurel Wealth Advisors LLC raised its stake in shares of Chevron by 14,194.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock valued at $532,984,000 after acquiring an additional 3,696,177 shares during the period. Berkshire Hathaway Inc lifted its holdings in shares of Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after acquiring an additional 3,454,258 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Chevron by 32.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,125,735 shares of the oil and gas company’s stock worth $1,417,135,000 after acquiring an additional 2,218,283 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Chevron by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after purchasing an additional 1,342,723 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley decreased their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a report on Tuesday, January 20th. Mizuho increased their target price on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Citigroup lowered their target price on Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, HSBC set a $169.00 price target on shares of Chevron and gave the stock a “buy” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Chevron has a consensus rating of “Hold” and an average target price of $170.00.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were 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 approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 635,190 shares of company stock worth $100,254,408. Insiders own 0.20% of the company’s stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Heavy options activity suggests institutional bullishness — Benzinga reports “smart money” is placing large bets in CVX options, which can signal traders positioning for upside or volatility. Smart Money Is Betting Big In CVX Options
• Positive Sentiment: Broker upgrades/target increases are lifting sentiment — JPMorgan upgraded CVX and Scotiabank raised its target to $168, providing analyst support for the stock. Chevron Stock Rating Upgraded by JPMorgan Chase & Co. Scotiabank raises CVX target to $168
• Positive Sentiment: Portfolio moves and buy-side commentary emphasize CVX’s yield and balance-sheet strength — The Motley Fool and dividend-screen lists continue to feature Chevron as an income pick, which can attract long-term income-focused buyers. 3 Reasons to Buy Chevron Stock Like There’s No Tomorrow Best Dividend Stocks to Buy in 2026
• Positive Sentiment: Asset-sale progress to streamline portfolio — Chevron expects to conclude the sale of its Singapore refining stake by Q1, which could free cash and improve capital allocation. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Neutral Sentiment: Longer-term catalysts under review — Coverage pieces highlight Leviathan expansion, progress on Venezuela exposure and post‑Hess integration as potential longer-term upside drivers; these are not immediate earnings drivers but could affect valuation over time. Chevron (CVX) Valuation Check After Leviathan Expansion U.S. Moves on Venezuela and Leviathan Gas Might Change The Case For Investing In Chevron
• Neutral Sentiment: Analyst commentary roundup — The Globe and Mail and other outlets are publishing analyst insights on CVX; useful for context but not single‑handedly market moving. Analysts Offer Insights on Energy Companies: Chevron (CVX)
• Negative Sentiment: Operational disruption at Tengiz is a near-term headwind — Chevron says production at the large Tengiz field in Kazakhstan has not resumed following a recent shutdown, which could trim volumes and revenue while outage persists. Kazakhstan’s Tengiz oil production has not yet resumed, Chevron says
• Negative Sentiment: Q4 earnings expectations look weak — A Zacks preview notes Chevron lacks the key ingredients for an earnings beat and Q4 EPS are expected to decline, which raises the risk of a disappointed reaction when the company reports. Earnings Preview: Chevron (CVX) Q4 Earnings Expected to Decline

Chevron Stock Performance

Shares of CVX opened at $166.74 on Monday. The company has a market capitalization of $335.73 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 11.38 and a beta of 0.70. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $169.37. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $154.52 and a 200 day moving average price of $154.84.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $46.99 billion. During the same quarter in the previous year, the firm earned $2.48 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. Research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

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

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.