NorthCrest Asset Management boosts Chevron shares by 2.6% amid strong market interest and dividend hike.

NorthCrest Asset Management increased its holdings in Chevron Corporation by 2.6% in Q4, now owning over 201,000 shares valued at nearly $33 million. Chevron recently raised its quarterly dividend to $1.78 per share, reflecting confidence despite a 10.2% revenue decline year-over-year. The stock has gained institutional interest, with several firms increasing their positions and analysts upgrading ratings, supported by rising oil prices and Chevron's strategic growth projects. Chevron's market cap surpassed $400 billion, marking it as one of the top 20 U.S. companies by value, with positive outlooks from HSBC and Piper Sandler among others.