Chevron Corporation $CVX Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in Chevron Corporation (NYSE:CVX) by 12.0% in the third quarter, HoldingsChannel.com reports. The firm owned 255,534 shares of the oil and gas company’s stock after purchasing an additional 27,287 shares during the quarter. State of Alaska Department of Revenue’s holdings in Chevron were worth $53,633,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new stake in Chevron during the 1st quarter worth about $25,000. Phillip James Consulting Co. bought a new position in shares of Chevron in the 4th quarter valued at about $26,000. Basso Capital Management L.P. bought a new position in shares of Chevron in the 4th quarter valued at about $27,000. Main Street Group LTD bought a new position in shares of Chevron in the 1st quarter valued at about $28,000. Finally, Kilter Group LLC acquired a new stake in shares of Chevron during the 2nd quarter worth approximately $28,000. Institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In other Chevron news, insider Andrew Walz sold 16,800 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at $2,814.84. The trade was a 99.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John B. Hess sold 100,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the sale, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company’s stock.

Chevron Stock Down 1.1%

Shares of Chevron stock opened at $219.51 on Friday. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $223.46. The business has a 50-day moving average of $206.81 and a two-hundred day moving average of $193.29. The company has a market capitalization of $433.71 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 0.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter last year, the firm posted $1.77 earnings per share. Chevron’s revenue was up 57.4% compared to the same quarter last year. As a group, equities analysts predict that Chevron Corporation will post 17.53 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley
• Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations
• Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock.
• Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high
• Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted
• Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis

Wall Street Analyst Weigh In

CVX has been the subject of a number of recent research reports. Weiss Ratings raised shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on shares of Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their price objective on shares of Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. Morgan Stanley lifted their target price on shares of Chevron from $218.00 to $226.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Mizuho set a $234.00 target price on shares of Chevron in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $213.42.

Chevron Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.