Janney Montgomery Scott LLC Boosts Stock Position in Chevron Corporation $CVX

Posted by Geri Gentry on Jan 13th, 2026

Janney Montgomery Scott LLC grew its holdings in shares of Chevron Corporation (NYSE:CVX – Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,236,003 shares of the oil and gas company’s stock after buying an additional 30,042 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of Chevron worth $191,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CVX. Quaker Wealth Management LLC grew its holdings in Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its stake in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares in the last quarter. IMG Wealth Management Inc. grew its stake in Chevron by 52.3% in the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 91 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Chevron during the third quarter valued at approximately $41,000. Finally, GFG Capital LLC bought a new position in Chevron during the 2nd quarter worth approximately $42,000. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $162.36 on Tuesday. The firm’s 50 day moving average is $152.48 and its two-hundred day moving average is $153.68. The firm has a market capitalization of $326.91 billion, a P/E ratio of 22.83, a PEG ratio of 10.19 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 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 $168.96.

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

Chevron Dividend Announcement

The business also recently disclosed 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. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, November 18th. Chevron’s payout ratio is currently 96.20%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CVX shares. 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 note on Thursday, December 11th. Scotiabank raised their price target on shares of Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Citigroup lowered their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Wall Street Zen cut shares of Chevron from a “hold” rating to a “sell” rating in a report on Saturday. Finally, HSBC set a $169.00 target price on Chevron and gave the company a “buy” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron has an average rating of “Hold” and an average price target of $167.14.

View Our Latest Analysis on CVX

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron is accelerating Venezuelan crude exports to relieve storage constraints and could unlock up to ~$700 million in annual cash flow if operations scale, a near-term boost to free cash flow assumptions. Chevron Bets on Venezuela Oil to Unlock Up to $700M in Cash Flow
Positive Sentiment: Sources say a consortium including Chevron-Quantum and Carlyle are frontrunners for global Lukoil assets—an acquisition could add low-decline, producing barrels and strategic reserves exposure if cleared by regulators. Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets, sources say
Positive Sentiment: Political upheaval in Venezuela and comments by U.S. leadership about opening Venezuelan reserves to U.S. majors have driven expectations that Exxon and Chevron could gain long-term access to very large reserves, supporting upside to production forecasts over time. How Chevron played the long game for Venezuela’s oil reserves
Neutral Sentiment: Macro/geopolitical coverage (defense/energy reaction) frames the Venezuela events as a potential multi-industry catalyst; this may drive short-term flows into energy and defense stocks but outcome remains uncertain. Defense Stocks Surge As The U.S. Reasserts Power In Latin America
Neutral Sentiment: Brokerage consensus remains cautious (consensus “Hold”), reflecting mixed upside from asset access but also higher capex and political risk; analysts expect ~10.8 EPS for the year but valuation and guidance will be key. Chevron Corporation (NYSE:CVX) Receives Consensus Recommendation of “Hold” from Brokerages
Negative Sentiment: Pressure from the White House to invest in Venezuela and talk of $50/bbl policy targets raise the prospect of large, politically-driven capital commitments and lower near-term realized pricing—both can compress margins and require heavy up-front spending. Venezuela: Mostly Questions, Few Answers

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares in the company, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of the company’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 $4,676,526.70. Following the completion of the sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 631,990 shares of company stock worth $99,716,808. 0.20% of the stock is owned by company insiders.

Chevron Company Profile

(Free Report)

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.