Precedent Wealth Partners LLC Has $2.98 Million Stock Position in Chevron Corporation $CVX

Precedent Wealth Partners LLC grew its stake in shares of Chevron Corporation (NYSE:CVX) by 652.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,175 shares of the oil and gas company’s stock after buying an additional 16,627 shares during the period. Precedent Wealth Partners LLC’s holdings in Chevron were worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CVX. White Knight Strategic Wealth Advisors LLC boosted its holdings in shares of Chevron by 3.0% in the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock valued at $319,000 after buying an additional 65 shares during the period. Rakuten Securities Inc. increased its position in shares of Chevron by 7.4% in the second quarter. Rakuten Securities Inc. now owns 961 shares of the oil and gas company’s stock valued at $138,000 after acquiring an additional 66 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Chevron by 1.0% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 6,751 shares of the oil and gas company’s stock valued at $966,000 after buying an additional 67 shares during the last quarter. M.E. Allison & CO. Inc. lifted its stake in Chevron by 0.6% in the third quarter. M.E. Allison & CO. Inc. now owns 11,204 shares of the oil and gas company’s stock valued at $1,740,000 after acquiring an additional 67 shares during the last quarter. Finally, Greenfield Savings Bank lifted its position in shares of Chevron by 0.6% in the second quarter. Greenfield Savings Bank now owns 11,611 shares of the oil and gas company’s stock valued at $1,663,000 after buying an additional 68 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 1.4%

CVX opened at $149.85 on Tuesday. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a fifty day moving average of $152.27 and a 200-day moving average of $152.65. The stock has a market cap of $301.73 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 8.78 and a beta of 0.68. 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 (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. During the same quarter in the previous year, the business earned $2.48 earnings per share. Chevron’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.6%. Chevron’s dividend payout ratio (DPR) is currently 96.20%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market commentary and screens pointing to CVX’s outperformance and investor interest after recent sessions, which supports buying momentum. Chevron (CVX) Laps the Stock Market: Here’s Why
• Positive Sentiment: Analysts highlight low-cost Permian operations as a resilience driver into 2026, underpinning cash flow and supporting dividend capacity. Permian Operations to Drive Resilience for These 3 Oil Stocks in 2026
• Positive Sentiment: Renewed speculation that Chevron will raise its long-running dividend (38+ years of increases) is attracting income-focused buyers and option-flow strategies. Chevron Could Raise Its Dividend Next Month – CVX Stock Looks Too Cheap
• Neutral Sentiment: Dividend-stock roundups continue to feature Chevron for its ~4.6% yield and long increase streak, which supports long-term income demand but is not a near-term catalyst by itself. Best Dividend Stocks To Buy In 2026
• Neutral Sentiment: “Most-watched” and analyst roundup pieces keep CVX on screens — boosts liquidity and attention but offers mixed buy/sell signals from different outlets. Is Most-Watched Stock Chevron Corporation (CVX) Worth Betting on Now?
• Negative Sentiment: Multiple reports show Chevron continuing operations and exports in Venezuela under U.S. license despite rising pressure — this supports short-term production but raises geopolitical and regulatory risk that could pressure sentiment if tensions escalate. Chevron continues to bet on Venezuela, WSJ reports

Analyst Ratings Changes

A number of brokerages have recently issued reports on CVX. Morgan Stanley boosted their price objective on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Mizuho boosted their target price on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Zacks Research cut Chevron from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. Finally, HSBC set a $169.00 price target on shares of Chevron and gave the stock a “buy” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Chevron currently has a consensus rating of “Hold” and an average target price of $166.00.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

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.