Arlington Trust Co LLC lessened its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 57.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,459 shares of the oil and gas company’s stock after selling 4,585 shares during the period. Arlington Trust Co LLC’s holdings in Chevron were worth $527,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. United Bank raised its holdings in Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after buying an additional 796 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Chevron by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after purchasing an additional 4,214 shares during the period. BNP Paribas increased its holdings in shares of Chevron by 76.4% in the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 191 shares during the period. Osterweis Capital Management Inc. increased its holdings in shares of Chevron by 678.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 1,188 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Chevron by 3.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock valued at $2,299,000 after purchasing an additional 553 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.
Analyst Ratings Changes
CVX has been the topic of a number of research reports. Morgan Stanley upped their target price on Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, March 27th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, March 20th. Citigroup lifted their target price on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Finally, Barclays lifted their target price on shares of Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.09.
Chevron Trading Down 0.2%
Shares of NYSE CVX opened at $184.79 on Tuesday. The stock has a market cap of $368.15 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 0.78 and a beta of 0.60. The business has a 50 day simple moving average of $192.59 and a 200 day simple moving average of $170.51. Chevron Corporation has a 52 week low of $133.77 and a 52 week high of $214.71. 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 (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. On average, research analysts predict that Chevron Corporation will post 12.49 earnings per share for the current fiscal year.
Chevron Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is presently 106.91%.
Key Stories Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: CEO warnings that tightening jet-fuel supplies could worsen signal stronger refining margins and pricing power for Chevron if fuel shortages persist, a near-term support for earnings. Chevron CEO warns aviation strain could worsen as jet fuel crunch deepens
- Positive Sentiment: Chelsea management (CEO Mike Wirth) says the Strait of Hormuz disruptions and constrained inventories could keep oil prices elevated for an extended period — supportive for CVX’s upstream cash flow and margins. Chevron CEO Mike Wirth Warns Oil Prices Face Prolonged Pressure
- Positive Sentiment: Analyst/commentary pieces are flagging Chevron’s recent pullback as a potential buying opportunity ahead of earnings, which could attract value-oriented buyers if guidance or results beat. Chevron’s Pullback May Be a Buying Opportunity—Even If the War Ends
- Neutral Sentiment: Broader market volatility ahead of a major Fed meeting and heavy corporate earnings week raises macro risk and could amplify moves in energy stocks, including CVX. Week ahead: Big Tech earnings, Fed decision, and an oil crisis set up Wall Street’s biggest test of the year
- Neutral Sentiment: Strait of Hormuz disruptions are having an outsized effect on global LNG markets versus oil; this supports longer‑term commodity price risk but affects CVX differently across upstream/refining businesses. Why Strait of Hormuz disruption is more severe for global LNG markets than for oil
- Neutral Sentiment: Options-market activity: with oil off recent highs, put premiums on Chevron remain elevated — signaling higher hedging/trading interest rather than a clear directional bet. Oil is Off Its Highs But Shorting Chevron Puts Provides Good Yields
- Negative Sentiment: Governance concerns raised around Chevron’s Venezuelan plans (partner disputes over transparency and legality) add execution and regulatory risk to any expansion there — a potential negative catalyst for future reserves and production growth. Chevron Governance Questions In Venezuela Add A New Risk Consideration
- Negative Sentiment: Management notes that Venezuela must do more to revive its oil industry; labor shortages and reliance on policy changes mean Chevron’s Venezuela upside is uncertain and may be slower than investors hope. Chevron CEO Says Venezuela Must Do More for Oil Industry Revival
- Negative Sentiment: Small institutional trimming: BKM Wealth Management reduced its CVX stake modestly, a minor negative signal on demand from that holder. BKM Wealth Management LLC Sells 5,036 Shares of Chevron Corporation $CVX
Insiders Place Their Bets
In related news, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the sale, the chief executive officer owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Insiders have sold a total of 779,407 shares of company stock worth $145,972,971 in the last quarter. Corporate insiders own 0.56% of the company’s stock.
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.
Further Reading
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