NorthCrest Asset Manangement LLC Grows Holdings in Chevron Corporation $CVX

NorthCrest Asset Manangement LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,936 shares of the oil and gas company’s stock after acquiring an additional 5,171 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Chevron were worth $30,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jericho Financial LLP increased its stake in shares of Chevron by 4.8% during the third quarter. Jericho Financial LLP now owns 32,462 shares of the oil and gas company’s stock valued at $5,041,000 after purchasing an additional 1,494 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Chevron by 6.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,105,005 shares of the oil and gas company’s stock worth $171,153,000 after buying an additional 67,373 shares during the last quarter. Intrua Financial LLC increased its position in Chevron by 21.4% during the 3rd quarter. Intrua Financial LLC now owns 30,952 shares of the oil and gas company’s stock valued at $4,807,000 after buying an additional 5,466 shares in the last quarter. Formidable Asset Management LLC raised its stake in Chevron by 2.9% during the third quarter. Formidable Asset Management LLC now owns 26,358 shares of the oil and gas company’s stock valued at $3,774,000 after buying an additional 736 shares during the last quarter. Finally, Partners Wealth Management LLC boosted its holdings in Chevron by 14.5% in the third quarter. Partners Wealth Management LLC now owns 2,428 shares of the oil and gas company’s stock worth $377,000 after acquiring an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler reduced their price target on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company lifted their target price on shares of Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Barclays reduced their price target on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Jefferies Financial Group increased their target price on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Mizuho boosted their price target on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.27.

Insider Buying and Selling at Chevron

In other news, insider Alana K. Knowles sold 3,200 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total value of $537,600.00. Following the completion of the sale, the insider directly owned 1,207 shares in the company, valued at $202,776. This represents a 72.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Eimear P. Bonner sold 28,334 shares of Chevron stock in a transaction on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $4,676,526.70. Following the transaction, the chief financial officer owned 4,366 shares in the company, valued at $720,608.30. This trade represents a 86.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 635,190 shares of company stock worth $100,254,408. 0.21% of the stock is currently owned by insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron took a Final Investment Decision (FID) to expand the Leviathan offshore gas platform, adding wells and capacity to send more gas to Israel, Egypt and Jordan — a concrete growth project that should strengthen Chevron’s Eastern Mediterranean gas production and near‑term cash flow. Reuters: Chevron takes final investment decision on Leviathan gas expansion
• Positive Sentiment: Multiple outlets report Chevron is likely to receive an expanded U.S. license to operate in Venezuela, which — if finalized and implemented — would enable higher production and exports from a large resource basin and materially improve future production upside. Reuters: Chevron expected to receive expanded Venezuela license
• Neutral Sentiment: Republican bill H.R.7084 (Defending American Property Abroad Act) would give the U.S. government additional tools related to ports and assets seized by foreign states — could be helpful for U.S. companies with expropriation risk, but timing and use of the law are uncertain. QuiverQuant: H.R.7084 summary
• Neutral Sentiment: Investor commentary and screening pieces are flagging Chevron as a dividend and income name worth buying on weakness — supportive to longer‑term demand for the stock but less relevant to near‑term price moves. Seeking Alpha: Buy the dip — dividend growth stocks
• Negative Sentiment: New legislation proposed (H.R.7094, No Aid for Russian Energy Act) would restrict U.S. persons and parent companies from supplying equipment/services to Russia’s energy sector — a potential regulatory headwind for U.S. majors with any exposure or plans tied to Russia. QuiverQuant: H.R.7094 summary
• Negative Sentiment: Insider selling: an executive sold 3,200 shares at roughly $168 — common but can be interpreted as a modest near‑term negative signal to sentiment. SEC Form 4: insider sale
• Negative Sentiment: Oil prices slipped after an easing of Iran‑related geopolitical risk, which pressures upstream margins and can temper short‑term earnings for integrated majors including Chevron. Barron’s: Oil prices fall as Iran tensions ease

Chevron Stock Up 0.1%

Chevron stock opened at $166.27 on Monday. Chevron Corporation has a one year low of $132.04 and a one year high of $169.37. The stock has a fifty day moving average of $153.46 and a 200 day moving average of $154.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market cap of $334.79 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. The firm 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 business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 EPS. As a group, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is currently 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.