First National Bank of Hutchinson Sells 2,717 Shares of Chevron Corporation $CVX

First National Bank of Hutchinson decreased its position in Chevron Corporation (NYSE:CVX) by 36.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,721 shares of the oil and gas company’s stock after selling 2,717 shares during the quarter. First National Bank of Hutchinson’s holdings in Chevron were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Barlow Wealth Partners LLC lifted its position in Chevron by 1.1% in the 4th quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC lifted its position in Chevron by 6.1% in the 4th quarter. Stone House Investment Management LLC now owns 1,065 shares of the oil and gas company’s stock worth $162,000 after buying an additional 61 shares during the last quarter. TigerOak Management L.L.C. lifted its position in Chevron by 0.7% in the 4th quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company’s stock worth $1,375,000 after buying an additional 62 shares during the last quarter. Heritage Wealth Management Inc. lifted its position in Chevron by 0.3% in the fourth quarter. Heritage Wealth Management Inc. now owns 23,896 shares of the oil and gas company’s stock valued at $3,642,000 after purchasing an additional 62 shares during the last quarter. Finally, Wilkins Miller Wealth Management LLC lifted its position in Chevron by 0.7% in the fourth quarter. Wilkins Miller Wealth Management LLC now owns 8,645 shares of the oil and gas company’s stock valued at $1,318,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CVX shares. Argus set a $203.00 price objective on Chevron in a research report on Tuesday, February 3rd. Jefferies Financial Group boosted their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Bank of America boosted their price objective on Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, March 20th. 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 research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.09.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wheatstone LNG has fully resumed production after cyclone repairs, restoring expected cash flow from the Australian LNG asset and removing a short-term production drag. Chevron resumes full production at Wheatstone LNG after repairs for cyclone damage
• Positive Sentiment: Chevron says it reached an asset-swap agreement that expands its stake in Venezuelan heavy oil operations — a move that could lift reserves and long-term production potential if implemented. Chevron Corporation (CVX) Expands Stakes in Venezuela Oil Operations
• Positive Sentiment: Warren Buffett’s ongoing stake and commentary on Chevron continue to be cited as a vote of confidence for long-term investors, supporting sentiment versus peers. Deepening Growth Pipeline Sustains Warren Buffett’s Confidence In Chevron (CVX)
• Positive Sentiment: Zacks has highlighted Chevron as a Bull of the Day and it’s included in lists of high-flying “old economy” stocks with room to run — analyst attention can help prop up demand in a pullback. Chevron and Avis Budget have been highlighted as Zacks Bull and Bear of the Day
• Neutral Sentiment: Chevron is a trending stock with increased retail and analyst attention; that raises liquidity and volatility but is ambivalent for direction without fresh catalysts. Chevron Corporation (CVX) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Venezuelan partner Suelopetrol says it was not informed of Chevron’s reported expansion — a public dispute that raises execution, legal and geopolitical risk around the asset-swap and could delay realization of the announced upside. Suelopetrol says it has not been Informed of Chevron’s (CVX) Expansion at Venezuela Joint Venture
• Negative Sentiment: Zacks preview flags an expected decline in Q1 earnings, which raises the risk of a disappointing release and near-term downside if results or guidance miss. Earnings Preview: Chevron (CVX) Q1 Earnings Expected to Decline
• Negative Sentiment: After a strong YTD rally, articles note a month-long cooldown and profit-taking in big oil names; that broader flow explains part of today’s pullback even without company-specific bad news. Exxon Stock and Chevron Stock Are Up 20%+ YTD – Why the Long Oil Trade Is Stalling Out

Insider Activity

In other news, insider Andrew Benjamin Walz sold 22,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the transaction, the insider directly owned 666 shares of the company’s stock, valued at approximately $117,568.98. The trade was a 97.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 779,407 shares of company stock valued at $145,972,971. 0.56% of the stock is owned by insiders.

Chevron Price Performance

CVX opened at $185.13 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 52-week low of $133.77 and a 52-week high of $214.71. The stock has a market capitalization of $368.82 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 0.78 and a beta of 0.60. The stock’s 50 day moving average price is $192.56 and its 200-day moving average price is $170.28.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the previous year, the firm earned $2.06 earnings per share. The business’s revenue was down 10.2% compared to the same quarter last year. On average, equities research analysts predict that Chevron Corporation will post 12.49 EPS for the current year.

Chevron Increases Dividend

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

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.