Biltmore Family Office LLC Purchases 4,044 Shares of Chevron Corporation $CVX

Biltmore Family Office LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 141.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,912 shares of the oil and gas company’s stock after buying an additional 4,044 shares during the period. Biltmore Family Office LLC’s holdings in Chevron were worth $1,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Investment Partners Asset Management Inc. boosted its position in shares of Chevron by 10.5% during the 2nd quarter. Investment Partners Asset Management Inc. now owns 1,577 shares of the oil and gas company’s stock valued at $226,000 after acquiring an additional 150 shares during the last quarter. Patton Fund Management Inc. bought a new position in shares of Chevron in the second quarter worth approximately $227,000. Cove Private Wealth LLC raised its stake in Chevron by 16.4% in the second quarter. Cove Private Wealth LLC now owns 11,800 shares of the oil and gas company’s stock valued at $1,690,000 after purchasing an additional 1,662 shares in the last quarter. NovaPoint Capital LLC lifted its position in Chevron by 8.8% during the second quarter. NovaPoint Capital LLC now owns 18,781 shares of the oil and gas company’s stock valued at $2,689,000 after purchasing an additional 1,513 shares during the last quarter. Finally, Old Port Advisors lifted its position in Chevron by 7.3% during the second quarter. Old Port Advisors now owns 18,722 shares of the oil and gas company’s stock valued at $2,681,000 after purchasing an additional 1,270 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Heavy options activity suggests institutional bullishness — Benzinga reports “smart money” is placing large bets in CVX options, which can signal traders positioning for upside or volatility. Smart Money Is Betting Big In CVX Options
• Positive Sentiment: Broker upgrades/target increases are lifting sentiment — JPMorgan upgraded CVX and Scotiabank raised its target to $168, providing analyst support for the stock. Chevron Stock Rating Upgraded by JPMorgan Chase & Co. Scotiabank raises CVX target to $168
• Positive Sentiment: Portfolio moves and buy-side commentary emphasize CVX’s yield and balance-sheet strength — The Motley Fool and dividend-screen lists continue to feature Chevron as an income pick, which can attract long-term income-focused buyers. 3 Reasons to Buy Chevron Stock Like There’s No Tomorrow Best Dividend Stocks to Buy in 2026
• Positive Sentiment: Asset-sale progress to streamline portfolio — Chevron expects to conclude the sale of its Singapore refining stake by Q1, which could free cash and improve capital allocation. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Neutral Sentiment: Longer-term catalysts under review — Coverage pieces highlight Leviathan expansion, progress on Venezuela exposure and post‑Hess integration as potential longer-term upside drivers; these are not immediate earnings drivers but could affect valuation over time. Chevron (CVX) Valuation Check After Leviathan Expansion U.S. Moves on Venezuela and Leviathan Gas Might Change The Case For Investing In Chevron
• Neutral Sentiment: Analyst commentary roundup — The Globe and Mail and other outlets are publishing analyst insights on CVX; useful for context but not single‑handedly market moving. Analysts Offer Insights on Energy Companies: Chevron (CVX)
• Negative Sentiment: Operational disruption at Tengiz is a near-term headwind — Chevron says production at the large Tengiz field in Kazakhstan has not resumed following a recent shutdown, which could trim volumes and revenue while outage persists. Kazakhstan’s Tengiz oil production has not yet resumed, Chevron says
• Negative Sentiment: Q4 earnings expectations look weak — A Zacks preview notes Chevron lacks the key ingredients for an earnings beat and Q4 EPS are expected to decline, which raises the risk of a disappointed reaction when the company reports. Earnings Preview: Chevron (CVX) Q4 Earnings Expected to Decline

Insider Activity

In other Chevron news, insider Alana K. Knowles sold 7,956 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $1,313,137.80. Following the sale, the insider owned 1,207 shares of the company’s stock, valued at $199,215.35. This trade represents a 86.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the transaction, the director owned 1,128,045 shares in the company, valued at $170,052,783.75. The trade was a 19.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 635,190 shares of company stock worth $100,254,408 over the last ninety days. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CVX. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Freedom Capital cut Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Wells Fargo & Company lifted their price target on Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Chevron in a report on Thursday, January 8th. Finally, Bank of America reduced their price objective on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.00.

Chevron Stock Up 0.0%

CVX opened at $166.74 on Friday. Chevron Corporation has a 12 month low of $132.04 and a 12 month high of $169.37. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $154.52 and its 200-day moving average price is $154.83. The company has a market cap of $335.73 billion, a P/E ratio of 23.45, a P/E/G ratio of 10.91 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.Chevron’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.48 EPS. On average, equities analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s dividend payout ratio is 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.