Chevron Corporation $CVX Stock Sold by Trek Financial LLC

Trek Financial LLC lessened its position in shares of Chevron Corporation (NYSE:CVX) by 93.1% during the 3rd quarter, Holdings Channel reports. The firm owned 4,317 shares of the oil and gas company’s stock after selling 58,229 shares during the quarter. Trek Financial LLC’s holdings in Chevron were worth $882,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Chevron in the second quarter worth about $25,663,729,000. Bank of New York Mellon Corp purchased a new stake in Chevron in the second quarter valued at approximately $2,378,114,000. Legal & General Group Plc purchased a new stake in Chevron in the second quarter valued at approximately $1,462,412,000. Deutsche Bank AG acquired a new position in Chevron in the 2nd quarter worth approximately $1,189,577,000. Finally, State Street Corp increased its holdings in Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after buying an additional 5,998,852 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s third-quarter performance was a major catalyst: revenue rose 36.3% year over year to approximately $67.8 billion, while adjusted EPS of $5.28 exceeded consensus by 8.5%. Record U.S. refining throughput, stronger margins and sustained upstream production supported the beat. CVX Q3 deep dive: operational discipline, Venezuela expansion, and AI adoption drive results
• Positive Sentiment: Analysts raised their outlook following the results. UBS maintained a Buy rating and increased its price target to $265 from $235, while Barclays lifted its target to $244 from $208. The revisions suggest continued confidence in Chevron’s earnings and cash-flow outlook. Chevron Analysts Raise Their Forecasts After Better-Than-Expected Q3 Earnings
• Positive Sentiment: Management highlighted potential longer-term growth from Venezuela production expansion, AI-driven reliability improvements and disciplined capital allocation. Analysts also expect stronger free cash flow, while ETF purchases indicate continued institutional demand. CVX Q3 Earnings Call Highlights Venezuela Growth and Refining Gains
• Positive Sentiment: Chevron declared a quarterly dividend of $1.78 per share, or $7.12 annualized, supporting its appeal to income-focused investors. The company has also substantially reduced net debt, strengthening its balance sheet.
• Neutral Sentiment: Chevron appointed Siva Barnwell Adams as corporate secretary and chief governance officer, effective January 1, 2027. The transition follows the planned retirement of Mary A. Francis and is unlikely to materially affect near-term earnings. Siva Barnwell Adams Named Corporate Secretary and Chief Governance Officer
• Negative Sentiment: After a roughly 59% year-to-date rally, CVX trades above many prior analyst targets. Some investors may be taking profits, with valuation models warning that expectations for refining profits and future growth may now be aggressive. Chevron Is Up 59% This Year and Trades Above Its Price Target. Time to Take Profits?
• Negative Sentiment: Chevron plans to increase exploration spending by 50% and commit significant capital to Venezuela and other frontier projects. These investments could pressure near-term free cash flow and carry geopolitical and execution risks.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 385,017 shares of company stock valued at $78,253,704. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CVX. The Goldman Sachs Group reissued a “buy” rating and set a $241.00 price target on shares of Chevron in a research report on Tuesday, October 20th. UBS Group lifted their price objective on shares of Chevron from $235.00 to $265.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Chevron from $230.00 to $268.00 and gave the company an “overweight” rating in a report on Monday. Raymond James Financial cut their price objective on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, HSBC set a $90.00 price objective on shares of Chevron in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $218.46.

Chevron Stock Performance

Shares of CVX stock opened at $228.00 on Tuesday. The stock has a market cap of $450.47 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. The business has a 50-day simple moving average of $213.61 and a 200-day simple moving average of $193.39. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $236.48.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.87 by $0.41. The firm had revenue of $65.24 billion for the quarter, compared to the consensus estimate of $61.82 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities analysts expect that Chevron Corporation will post 18.15 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be issued a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 dividend on an annualized basis and a yield of 3.1%. Chevron’s payout ratio is presently 52.08%.

Chevron Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.