AlphaCore Capital LLC Raises Stock Holdings in Chevron Corporation $CVX

AlphaCore Capital LLC grew its holdings in Chevron Corporation (NYSE:CVX) by 23.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,079 shares of the oil and gas company’s stock after buying an additional 5,998 shares during the quarter. AlphaCore Capital LLC’s holdings in Chevron were worth $4,826,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quaker Wealth Management LLC lifted its holdings in Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 439 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Chevron during the 3rd quarter worth about $34,000. Vermillion & White Wealth Management Group LLC lifted its stake in Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 118 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Chevron in the 3rd quarter worth about $41,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after buying an additional 202 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CVX shares. Scotiabank restated a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. TD Cowen upped their target price on shares of Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Argus set a $203.00 target price on shares of Chevron in a research report on Tuesday, February 3rd. Finally, Citigroup lowered their price target on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Chevron currently has a consensus rating of “Hold” and a consensus price target of $176.36.

Insider Activity

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of Chevron stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the completion of the sale, the insider owned 7,161 shares in the company, valued at approximately $1,247,231.37. This trade represents a 86.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total value of $3,918,966.00. Following the completion of the sale, the insider directly owned 666 shares in the company, valued at approximately $117,568.98. The trade was a 97.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 534,898 shares of company stock worth $89,543,711 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Chevron Stock Performance

Shares of Chevron stock opened at $184.23 on Thursday. The firm has a market cap of $370.94 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 12.26 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $187.90. The business’s fifty day simple moving average is $168.02 and its 200-day simple moving average is $159.17.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. Chevron’s revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. Equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be issued a $1.78 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Iraq output upside — Iraq’s oil minister says Chevron is in exclusive talks to take over operations at West Qurna 2 and could nearly double output there to ~800,000 barrels/day, a large potential near‑term production and cash‑flow boost if the deal and ramp proceed. Iraq’s West Qurna 2 oilfield poised for output surge with Chevron, minister says
• Positive Sentiment: Initial stake deals — Chevron has signed initial agreements to acquire a stake in the giant field held by Russia’s Lukoil, signalling material portfolio expansion in Iraq that could underpin production growth. Chevron signs initial deals for stake in giant Iraq oilfield held by Russia’s Lukoil
• Positive Sentiment: Retail / media endorsement — Jim Cramer publicly called Chevron the only stock he’d buy at current levels, a high‑visibility endorsement that can drive short‑term demand from retail traders. Chevron (CVX)’s the Only Company I Would Buy Here, Says Jim Cramer
• Positive Sentiment: Macro rotation into energy — analysis highlights a rotation into energy and capital‑intensive “halo trade” stocks (XLE, Exxon, Chevron) as investors seek inflation‑resistant sectors, providing a favorable demand backdrop. Right Tail Right Now
• Positive Sentiment: New offtake — ship data and sources show Chevron sold Venezuelan crude to India’s Reliance for the first time since 2023, indicating opportunistic trading/marketing that can support near‑term revenue. Chevron sells Venezuelan oil to India’s Reliance for the first time since 2023, ship data and sources say
• Positive Sentiment: Strategic partnerships — coverage notes a strengthening partnership with Hess, which could accelerate development plans and share execution risk on key projects. Chevron: Forming A Strong Partner With Hess
• Neutral Sentiment: Deal risk / higher‑risk asset — analysts note the Iraq stake is high‑risk/high‑reward: meaningful upside if terms, approvals and ramp go smoothly, but execution, partner negotiations and geopolitics add uncertainty. Chevron Is Negotiating for a Stake in a Massive Oilfield in Iraq. 2 Key Takeaways for Investors.
• Neutral Sentiment: Valuation and relative performance — recent pieces check CVX valuation after a 52‑week high and note the stock has outpaced indexes; these shape positioning but don’t change fundamentals. Chevron (CVX) Valuation Check After 52-Week High And New Offshore Expansion In Greece And Libya
• Neutral Sentiment: Analyst comparisons — comparative analyses with peers (Shell, Exxon) highlight tradeoffs across production, LNG exposure and valuation; useful for portfolio allocation but not a near‑term catalyst. Chevron or Shell: Which Energy Supermajor Has the Edge Now?

Chevron Profile

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.