Chevron Corporation $CVX Stock Holdings Increased by Finemark National Bank & Trust

Finemark National Bank & Trust boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 40.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,535 shares of the oil and gas company’s stock after purchasing an additional 16,243 shares during the period. Finemark National Bank & Trust’s holdings in Chevron were worth $8,779,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CVX. Decker Retirement Planning Inc. bought a new stake in shares of Chevron during the 3rd quarter worth $34,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. Marquette Asset Management LLC purchased a new stake in shares of Chevron during the third quarter valued at $41,000. Barnes Dennig Private Wealth Management LLC boosted its position 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 period. Finally, LFA Lugano Financial Advisors SA increased its stake in Chevron by 106.7% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling

In other news, insider Andrew Benjamin Walz sold 1,463 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.83, for a total transaction of $268,943.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 534,898 shares of company stock valued at $89,543,711. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CVX shares. Wells Fargo & Company upped their price objective on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Bank of America reduced their price target on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Morgan Stanley lowered their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, February 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Chevron currently has an average rating of “Hold” and a consensus price target of $176.36.

Chevron Trading Up 1.3%

NYSE CVX opened at $186.47 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $187.90. The firm’s fifty day simple moving average is $169.52 and its 200-day simple moving average is $159.61. The company has a market capitalization of $372.07 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 12.36 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its earnings results 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. 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 the consensus estimate of $48.18 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

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

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Berkshire Hathaway has shifted its portfolio after Buffett’s exit and added to its Chevron stake, a high-profile institutional buyer that can support the stock and signal confidence to other investors. Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
• Positive Sentiment: Coverage from The Motley Fool and other outlets remains bullish on CVX’s upside (including $200 targets) and highlights its attractive yield, which attracts income-focused investors. Is Chevron Stock Going to $200?
• Positive Sentiment: Jim Cramer publicly recommended holding Chevron, calling it a stock that can run higher and highlighting its 3.85% yield — media endorsements can lift retail demand. Jim Cramer on Chevron: “I Would Hold on to That”
• Neutral Sentiment: Macro/sector story: U.S. actions in Venezuela have strengthened Guyana’s oil future, a geopolitical development that supports long-term offshore oil investment and is generally positive for major oil companies’ sector outlook (indirect for Chevron). How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
• Neutral Sentiment: Investor interest in dividend stocks/ETFs (multiple roundup pieces) increases demand for high-yield names like Chevron, but these are broader flows rather than company-specific catalysts. Got $10,000? Put It in These Dividend ETFs Now
• Negative Sentiment: A recent DCF-based intrinsic-value write-up estimates Chevron is overvalued by ~30% (intrinsic value ~$126), a valuation critique that could limit upside or trigger profit-taking among value-focused funds. Our Calculation Of Intrinsic Value: Chevron Corporation

Chevron Company Profile

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.