Chevron sees mixed hedge fund moves, strong analyst upgrades, and hits $400B market cap amid oil rally

Sound View Wealth Advisors reduced its Chevron stake by 10% in Q4, holding $5.16M in shares, while other funds increased positions. Chevron's stock price rose with oil prices, pushing its market cap above $400 billion for the first time. Multiple analysts upgraded Chevron with price targets up to $217, citing strong earnings and growth prospects. The company also raised its dividend and reported better-than-expected quarterly earnings despite lower revenue. Chevron insiders sold shares recently, but institutional ownership remains high at 72%.