Envestnet Portfolio Solutions Inc. Raises Stock Position in Chevron Corporation $CVX

Envestnet Portfolio Solutions Inc. grew its position in Chevron Corporation (NYSE:CVX) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 230,039 shares of the oil and gas company’s stock after purchasing an additional 5,810 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Chevron were worth $35,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Chevron in the second quarter worth approximately $2,721,477,000. Laurel Wealth Advisors LLC lifted 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 purchasing an additional 3,696,177 shares during the last quarter. Berkshire Hathaway Inc lifted its stake 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 valued at $17,478,458,000 after purchasing an additional 3,454,258 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Chevron by 32.1% during 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 purchasing an additional 2,218,283 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings 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. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of CVX stock opened at $166.42 on Friday. The firm has a 50 day moving average of $154.34 and a two-hundred day moving average of $154.68. The stock has a market capitalization of $335.09 billion, a PE ratio of 23.41, a P/E/G ratio of 10.91 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 $169.37.

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

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders 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 dividend payout ratio (DPR) is currently 96.20%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is moving to exit Singapore refining/distribution assets, expected to close the sale of its 50% stake in Singapore Refining Company in Q1; the deal supports management’s push to redeploy capital into higher-margin upstream and energy-transition projects. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Positive Sentiment: Multiple outlets report the same Singapore sale timeline, reinforcing the likelihood the deal will close soon — this reduces downstream exposure and could improve ROIC metrics. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Positive Sentiment: Analyst upgrades and target increases (JPMorgan upgrade; Scotiabank raised target to $168) are lifting sentiment and could support the stock — these changes reflect conviction in Chevron’s cash returns, post-merger scale and upstream catalysts. Chevron Stock Rating Upgraded by JPMorgan Chase & Co. Scotiabank raises CVX target to $168
• Positive Sentiment: Discussions with Turkey’s state firm on joint oil & gas exploration point to additional upstream growth optionality and geographic diversification that investors may view as a medium-term catalyst. Chevron and Turkey in Talks for Joint Oil & Gas Exploration
• Positive Sentiment: Bullish retail/analyst narratives (e.g., “3 Reasons to Buy Chevron”) emphasize a strong balance sheet, attractive dividend yield and integrated business — supportive for income-oriented investors. 3 Reasons to Buy Chevron Stock Like There’s No Tomorrow
• Neutral Sentiment: Valuation and catalyst pieces highlight constructive upstream developments (Leviathan expansion, Venezuela progress, Hess merger benefits) but note mixed near-term earnings impact; these are discussion items rather than immediate drivers. Chevron (CVX) Valuation Check After Leviathan Expansion, Venezuela Progress And Post Hess Merger Upgrades
• Neutral Sentiment: Curated lists and comparison stories (Dogs of the Dow, Chevron vs. Petrobras) keep CVX on investors’ radar for yield and geopolitical exposure but are not immediate price catalysts. The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Negative Sentiment: Broader market/geopolitical jitters (holiday-shortened session, international tensions) have pressured energy names and contributed to today’s pullback; macro headlines can outweigh company-level positives in the short term. Energy Stocks Steady Amid Macro Chaos; Sunday Night Earnings Surprise Ahead

Analyst Ratings Changes

CVX has been the topic of several research analyst reports. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Piper Sandler reduced their price target on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Raymond James Financial reissued an “outperform” rating and issued a $160.00 target price (down previously from $170.00) on shares of Chevron in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $170.29.

Insider Buying and Selling

In other news, insider Alana K. Knowles sold 7,956 shares of the business’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 transaction, the insider directly owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. The trade was a 86.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 4,366 shares in the company, valued at $720,608.30. The trade was a 86.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 635,190 shares of company stock worth $100,254,408. 0.21% of the stock is owned by corporate insiders.

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.