Trust Co. of Vermont Reduces Holdings in Chevron Corporation $CVX

Trust Co. of Vermont trimmed its holdings in shares of Chevron Corporation (NYSE:CVX) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,467 shares of the oil and gas company’s stock after selling 5,998 shares during the quarter. Trust Co. of Vermont’s holdings in Chevron were worth $15,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CVX. Decker Retirement Planning Inc. bought a new stake in shares of Chevron during the 3rd quarter valued at $34,000. Marquette Asset Management LLC purchased a new stake in shares of Chevron in the 3rd quarter worth $41,000. Barnes Dennig Private Wealth Management LLC raised its holdings in 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 worth $42,000 after purchasing an additional 202 shares during the period. Evolution Wealth Management Inc. bought a new position in Chevron in the 2nd quarter worth $49,000. Finally, Turning Point Benefit Group Inc. purchased a new position in Chevron during the third quarter valued at $49,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVX has been the subject of several recent research reports. HSBC raised Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a report on Friday, March 20th. Sanford C. Bernstein lifted their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. Citigroup increased their target price on shares of Chevron from $179.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Jefferies Financial Group raised their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $186.50.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at $2,355,205.50. This represents a 95.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.21% of the stock is owned by company insiders.

Chevron Trading Down 4.5%

Shares of CVX stock opened at $197.59 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a fifty day simple moving average of $187.86 and a two-hundred day simple moving average of $166.20. The firm has a market capitalization of $394.26 billion, a PE ratio of 29.67, a PEG ratio of 1.72 and a beta of 0.59. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $214.71.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. On average, analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is presently 106.91%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts and investors continue to show upside conviction — Morgan Stanley/other outlets recently raised CVX price targets and Zacks upgraded the stock to a Buy, supporting longer-term demand. Chevron (CVX) Upgraded to Buy
• Positive Sentiment: Strategic commercial wins: Chevron is in exclusivity talks with Microsoft and Engine No. 1 on a potential $7B Texas power project that could de‑risk long‑term power supply contracts for AI/data centers. Microsoft, Chevron and Engine No. 1 sign exclusive deal
• Positive Sentiment: Production/asset growth: New partnerships (e.g., with Libya’s NOC) and long‑cycle projects (Tengizchevroil ramp) support medium‑term reserve and cash‑flow growth expectations. Chevron Partners With Libya’s NOC
• Neutral Sentiment: Market/sector flow: Energy ETFs and peers moved broadly today — sector weakness exacerbated CVX’s decline even as some outlets argue energy remains a long‑term buy. Sector Update: Energy Stocks Decline Pre-Bell
• Neutral Sentiment: Corporate governance/ops updates such as senior leadership changes are being monitored but are not the primary driver of today’s move. Chevron Announces Senior Leadership Changes
• Negative Sentiment: Geopolitical news reduced the oil risk premium — reports that Iran’s president may be prepared to end the conflict eased fears about prolonged supply disruption, pushing oil prices down and trimming CVX’s near‑term outlook. Trump Speaks Tonight on Iran War
• Negative Sentiment: Market reaction coverage: Several outlets reported large intraday drops for major oil majors (Exxon, Chevron) as the geopolitical premium unwound, amplifying selling pressure. Exxon Mobil and Chevron Fall 5%
• Negative Sentiment: Operational disruption risk: Cyclone damage forced extended outages at the Wheatstone LNG downstream assets, tightening near‑term LNG supply and adding earnings/delivery uncertainty for CVX. Wheatstone LNG Outage Tests Chevron

Chevron 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.