Adelphi Trust Co Invests $428,000 in Chevron Corporation $CVX

Adelphi Trust Co purchased a new position in Chevron Corporation (NYSE:CVX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,809 shares of the oil and gas company’s stock, valued at approximately $428,000.

A number of other institutional investors have also recently made changes to their positions in CVX. Decker Retirement Planning Inc. acquired a new position in Chevron during the third quarter worth $34,000. Marquette Asset Management LLC acquired a new position in shares of Chevron in the 3rd quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 202 shares during the last quarter. Daytona Street Capital LLC acquired a new position in shares of Chevron in the 4th quarter valued at $44,000. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Chevron in the 3rd quarter valued at $49,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chevron

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 779,407 shares of company stock worth $145,972,971 over the last quarter. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, February 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. Mizuho upped their price target on Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, Royal Bank Of Canada boosted their price objective on Chevron from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average price target of $195.09.

Chevron Price Performance

Shares of NYSE CVX opened at $184.86 on Thursday. The stock’s 50-day moving average is $192.10 and its two-hundred day moving average is $168.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 1-year low of $132.33 and a 1-year high of $214.71. The company has a market cap of $368.29 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the prior year, the business earned $2.06 EPS. Chevron’s revenue was down 10.2% on a year-over-year basis. Analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.9%. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: RBC raised its price target on CVX as its commodity outlook improved, supporting a higher valuation and giving investors a buy-side analyst catalyst. RBC price target lift
• Positive Sentiment: Chevron confirmed a Gulf discovery at the Bandit prospect and reported upgrades to its Venezuela heavy‑oil footprint (asset‑swap with PDVSA), which increase long‑life reserves and upside to future production and cash flow. Gulf discovery & Venezuela expansion
• Positive Sentiment: Media and commentators (including Jim Cramer) have been bullish on offshore leaders like Chevron, boosting retail/inflow interest into CVX. Jim Cramer bullish call
• Neutral Sentiment: Analyst and industry writeups (Zacks, MarketBeat) highlight Chevron’s strong integrated model and Q1 profit outlook, providing context for valuation debates but not an immediate catalyst. Zacks asset swap commentary
• Neutral Sentiment: Comparative valuation pieces (PBR vs CVX, DCF/valuation analysis) are circulating, which may influence longer‑term positioning but have limited immediate price impact. PBR vs CVX valuation piece
• Negative Sentiment: Suelopetrol says it hasn’t been notified about Chevron’s claimed expansion to 49% in the Petroindependencia JV, raising legal/partner‑approval uncertainty around the Venezuela deal. Suelopetrol statement
• Negative Sentiment: TD Cowen and other cautious notes have trimmed expectations for CVX, offsetting some upside from upgrades and creating analyst‑driven selling pressure. TD Cowen lowers expectations
• Negative Sentiment: Diplomatic progress (possible U.S.–Iran ceasefire extension / talks to reopen the Strait of Hormuz) could reduce oil‑price volatility and remove a near‑term tailwind for refiners and major oil producers. Ceasefire / Hormuz talks

About Chevron

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.