Boston Trust Walden Corp Trims Holdings in Chevron Corporation $CVX

Boston Trust Walden Corp trimmed its position in Chevron Corporation (NYSE:CVX) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,058 shares of the oil and gas company’s stock after selling 3,926 shares during the quarter. Boston Trust Walden Corp’s holdings in Chevron were worth $17,841,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. State Street Corp raised its position in Chevron by 9.1% during the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares in the last quarter. Northern Trust Corp raised its position in Chevron by 15.3% during the third quarter. Northern Trust Corp now owns 22,724,515 shares of the oil and gas company’s stock valued at $3,528,890,000 after acquiring an additional 3,007,403 shares in the last quarter. Fisher Asset Management LLC raised its position in Chevron by 1.6% during the third quarter. Fisher Asset Management LLC now owns 21,152,060 shares of the oil and gas company’s stock valued at $3,284,704,000 after acquiring an additional 325,255 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Chevron by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after acquiring an additional 4,279,918 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Up 0.2%

Chevron stock opened at $186.28 on Thursday. The stock has a market capitalization of $371.13 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 0.78 and a beta of 0.60. Chevron Corporation has a 12 month low of $133.77 and a 12 month high of $214.71. The business has a 50 day simple moving average of $192.43 and a 200-day simple moving average of $169.71. 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 (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business’s revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 earnings per share. On average, analysts anticipate that Chevron Corporation will post 12.49 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Insiders Place Their Bets

In other news, insider Alana K. Knowles sold 2,408 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 779,407 shares of company stock valued at $145,972,971. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CVX has been the subject of several recent research reports. Piper Sandler lifted their price target on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Wells Fargo & Company lifted their price target on Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. UBS Group reiterated a “buy” rating and set a $212.00 price target on shares of Chevron in a research report on Monday, February 2nd. Citigroup lifted their price target on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $198.09.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Multiple broker and media pieces highlight bullish analyst views and upgrades on Chevron, arguing that tighter global inventories and conflict-driven supply disruptions could support higher oil prices and lift integrated majors like CVX. Read More.
• Positive Sentiment: BNP Paribas upgraded Chevron to Outperform (mid-April) and other lists (Warren Buffett picks, dividend stock roundups) continue to flag CVX as a core, income-generating energy holding — supportive for longer-term investor demand. Read More.
• Positive Sentiment: Scotiabank raised its price target to $187 (from $168) — a modest upward revision that reinforces near-term analyst support for the stock. Read More.
• Neutral Sentiment: Geopolitical developments — U.S. moves affecting Venezuela and Iran’s disruption of the Strait of Hormuz — are reshaping risk/valuation for global producers. This increases the strategic value of Chevron’s non-Middle East assets and could boost realized prices, but also raises volatility. Read More.
• Neutral Sentiment: Sector news and peer earnings (Range Resources, Halliburton) show mixed operational results and stronger gas realizations in places — helpful for sector sentiment but not CVX-specific. Read More.
• Neutral Sentiment: Industry events and trade press (summits, energy transition projects) keep broader investor focus on energy supply dynamics and transition risks; useful context but indirect for immediate CVX moves. Read More.
• Negative Sentiment: Chevron reported a crude oil spill at its Pasadena, Texas refinery — an operational and reputational risk that can trigger cleanup costs, regulatory scrutiny and short-term investor concern. This is a near-term negative that could pressure sentiment until impact and remediation are clarified. Read More.

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.