• Jefferies upgraded Chevron (NYSE: CVX) to a "Buy" rating with a new price target of $189.
• Boothe Investment Group Inc. reduced its Chevron holdings by 46.2%, while other firms like Quaker Wealth Management LLC significantly increased their stakes.
• Chevron's stock price currently stands at approximately $166.55, with a market capitalization of around $332.98 billion.

Chevron Corporation (NYSE: CVX) is a major player in the oil and gas industry, known for its extensive operations in exploration, production, refining, and marketing of oil and natural gas. As a leading energy company, Chevron competes with other giants like ExxonMobil and BP. On January 14, 2026, Jefferies upgraded Chevron to a "Buy" rating, setting a new price target of $189, up from $174. At the time, CVX was priced at $166.57.

Despite Jefferies' optimistic outlook, Boothe Investment Group Inc. reduced its Chevron holdings by 46.2%, selling 20,420 shares. This left them with 23,784 shares, which still account for 1.4% of their portfolio, valued at approximately $3.7 million. Chevron remains Boothe's 22nd largest holding, indicating continued confidence in the company's potential.

Other investment firms have shown varied interest in Chevron. Quaker Wealth Management LLC increased its holdings by 197.7%, now owning 217 shares valued at $31,000. Decker Retirement Planning Inc. also acquired a new stake in Chevron, highlighting diverse investment strategies among firms. These moves reflect differing perspectives on Chevron's future performance.

Chevron's stock price has seen some fluctuations. Currently priced at approximately $166.55, it has increased by about 1.63% or $2.68. The stock has traded between $164.10 and $167.47 today, with a 52-week high of $168.96 and a low of $132.04. Chevron's market capitalization is around $332.98 billion, with a trading volume of 4,177,067 shares on the NYSE.