Sierra Summit Advisors LLC Boosts Stock Holdings in Chevron Corporation $CVX

Sierra Summit Advisors LLC grew its holdings in Chevron Corporation (NYSE:CVX) by 3,344.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,124 shares of the oil and gas company’s stock after purchasing an additional 74,885 shares during the quarter. Chevron makes up 2.3% of Sierra Summit Advisors LLC’s portfolio, making the stock its 11th biggest position. Sierra Summit Advisors LLC’s holdings in Chevron were worth $15,957,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CVX. Optas LLC raised its position in shares of Chevron by 33.9% in the 1st quarter. Optas LLC now owns 4,537 shares of the oil and gas company’s stock worth $939,000 after acquiring an additional 1,149 shares in the last quarter. Financial Plan Inc. bought a new stake in shares of Chevron in the 1st quarter valued at about $208,000. Elevation Point Wealth Partners LLC boosted its stake in Chevron by 79.0% in the first quarter. Elevation Point Wealth Partners LLC now owns 66,779 shares of the oil and gas company’s stock valued at $13,817,000 after acquiring an additional 29,472 shares in the last quarter. Platform Technology Partners increased its position in shares of Chevron by 0.8% during the first quarter. Platform Technology Partners now owns 26,605 shares of the oil and gas company’s stock worth $5,505,000 after purchasing an additional 216 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. increased its position in shares of Chevron by 1.8% during the first quarter. Jamison Private Wealth Management Inc. now owns 58,433 shares of the oil and gas company’s stock worth $12,090,000 after purchasing an additional 1,055 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of a number of recent analyst reports. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, March 20th. Zacks Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. UBS Group restated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective on the stock in a report on Thursday, April 9th. Finally, Sanford C. Bernstein decreased their price objective on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Nineteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wolfe Research upgraded Chevron to Outperform, saying the recent pullback has created an attractive entry point and that Chevron’s long-term free cash flow outlook is stronger than the market is pricing in. Wolfe Research upgrades Chevron to Outperform on strong cash flow outlook
• Positive Sentiment: RBC Capital also reaffirmed its Buy rating on Chevron, adding to the positive analyst tone around the stock. RBC Capital Reaffirms Their Buy Rating on Chevron (CVX)
• Neutral Sentiment: Several market updates highlighted Chevron’s strong cash generation, solid returns, and ongoing investor interest, while noting the stock may be near fair value rather than deeply discounted. Chevron (CVX) Stock Looks Near Fair Value With Strong Returns But Rich Earnings
• Neutral Sentiment: Chevron remains in focus ahead of its second-quarter earnings conference call later this month, which could become the next major catalyst for the shares. Advisory: Chevron Corporation’s 2Q 2026 Earnings Conference Call and Webcast
• Negative Sentiment: A New York Post report said President Trump is pressuring Big Oil to lower gas prices ahead of the midterm elections, which could raise concerns about margin pressure or political scrutiny for Chevron and peers. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the sale, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Chevron Stock Down 0.1%

Shares of CVX stock opened at $169.06 on Friday. The stock’s 50-day simple moving average is $183.31 and its 200-day simple moving average is $180.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The firm has a market capitalization of $336.71 billion, a PE ratio of 29.30, a P/E/G ratio of 0.57 and a beta of 0.50. Chevron Corporation has a fifty-two week low of $145.58 and a fifty-two week high of $214.71.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The firm had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. During the same period last year, the business posted $2.18 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that Chevron Corporation will post 15.52 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 4.2%. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

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.