Chevron Corporation $CVX Stock Bought by State of Alaska Department of Revenue

Key Points

• State of Alaska’s Department of Revenue increased its Chevron stake by 12% in the third quarter, holding 255,534 shares valued at approximately $53.6 million. Institutional investors collectively own 72.42% of Chevron.
• Analyst sentiment remains broadly positive, with 21 Buy ratings, one Strong Buy, five Holds and one Sell; the average price target is $213.42. However, Chevron insiders sold more than 1.15 million shares worth approximately $225.9 million over the past 90 days.
• Chevron reported stronger-than-expected quarterly results, including $6.06 in EPS and $67.2 billion in revenue, while paying a quarterly dividend of $1.78, equivalent to a 3.2% annualized yield. Shares opened at $219.51, near the company’s 52-week high of $223.46.

State of Alaska Department of Revenue lifted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 255,534 shares of the oil and gas company's stock after acquiring an additional 27,287 shares during the quarter. State of Alaska Department of Revenue's holdings in Chevron were worth $53,633,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Blue Capital Inc. bought a new stake in shares of Chevron during the 2nd quarter worth $786,000. OneAscent Wealth Management LLC acquired a new position in Chevron in the 2nd quarter valued at $973,000. Global Retirement Partners LLC bought a new position in Chevron in the 2nd quarter worth $14,276,000. Ferguson Wellman Capital Management Inc. raised its holdings in Chevron by 0.6% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company's stock worth $186,182,000 after acquiring an additional 5,787 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Chevron by 6.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company's stock worth $258,853,000 after acquiring an additional 79,439 shares during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on shares of Chevron from $216.00 to $233.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Barclays lowered their price target on Chevron from $216.00 to $208.00 and set an "equal weight" rating on the stock in a research report on Monday, August 17th. JPMorgan Chase & Co. lifted their price objective on Chevron from $190.00 to $222.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. HSBC set a $90.00 price objective on Chevron in a research note on Friday, September 25th. Finally, The Goldman Sachs Group cut their price objective on Chevron from $240.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $213.42.

Insider Transactions at Chevron

In other Chevron news, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction that occurred on Monday, August 17th. The stock was 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 approximately $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Hess sold 710,665 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the sale, the director directly owned 363,711 shares in the company, valued at approximately $70,596,305.10. This represents a 66.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,152,582 shares of company stock valued at $225,853,661 in the last ninety days. 0.56% of the stock is owned by company insiders.

Key Headlines Impacting Chevron

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

Chevron Stock Down 1.1%

Shares of CVX opened at $219.51 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The company has a 50-day simple moving average of $206.81 and a 200-day simple moving average of $193.29. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $223.46. The firm has a market capitalization of $433.71 billion, a P/E ratio of 21.05, a P/E/G ratio of 0.61 and a beta of 0.53.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share 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 business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the business earned $1.77 earnings per share. The firm's revenue for the quarter was up 57.4% compared to the same quarter last year. On average, equities research analysts expect that Chevron Corporation will post 17.53 earnings per share for the current year.

Chevron Announces Dividend

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

About Chevron

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.

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