Vest Financial LLC Has $61.96 Million Stock Position in Chevron Corporation $CVX

Vest Financial LLC lowered its holdings in shares of Chevron Corporation (NYSE:CVX) by 8.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 399,001 shares of the oil and gas company’s stock after selling 39,174 shares during the period. Chevron comprises 0.8% of Vest Financial LLC’s holdings, making the stock its 25th largest holding. Vest Financial LLC’s holdings in Chevron were worth $61,961,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vishria Bird Financial Group LLC lifted its holdings in Chevron by 1.2% during the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock worth $821,000 after buying an additional 65 shares during the period. Nexus Investment Management ULC raised its position in shares of Chevron by 0.9% during the third quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company’s stock worth $1,187,000 after acquiring an additional 65 shares during the last quarter. Scott & Selber Inc. lifted its stake in shares of Chevron by 0.5% in the third quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company’s stock worth $2,079,000 after acquiring an additional 65 shares during the period. White Knight Strategic Wealth Advisors LLC boosted its holdings in Chevron by 3.0% in the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock valued at $319,000 after acquiring an additional 65 shares during the last quarter. Finally, William B. Walkup & Associates Inc. increased its position in Chevron by 1.0% during the 3rd quarter. William B. Walkup & Associates Inc. now owns 6,356 shares of the oil and gas company’s stock valued at $987,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CVX shares. Wells Fargo & Company upped their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Wall Street Zen cut shares of Chevron from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Chevron in a report on Thursday, January 8th. Sanford C. Bernstein boosted their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $168.00 target price on shares of Chevron in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.61.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is moving to finalize the sale of its Singapore refining and distribution assets in Q1, in late-stage talks with Eneos and Glencore — a deal that would raise cash, shrink downstream exposure in Asia and simplify the company’s portfolio. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Positive Sentiment: J.P. Morgan upgraded Chevron to overweight with a higher price target, signaling institutional buy-side interest that can support near-term demand for the stock. Chevron and Suncor upgraded, ConocoPhillips and Cenovus cut at J.P. Morgan
• Positive Sentiment: Jefferies raised its Chevron price target (reported commentary) and analysts generally remain constructive on CVX into earnings season — supportive for longer-term sentiment and dividend-focused investors. Analysts Stay Positive on Chevron (CVX) Despite Challenges
• Neutral Sentiment: Reports say Turkey’s national oil company is in talks with Chevron about joint exploration — a potential new opportunity but still early-stage and speculative for near-term revenue or production impact. Turkish Petroleum in talks with Chevron for joint oil and gas exploration, Bloomberg News reports
• Neutral Sentiment: Smaller-industry activity: Sintana secured an option on an offshore block in Namibia near a Chevron well — highlights interest in the basin but has limited direct impact on Chevron today. Sintana secures exclusive option over Namibian offshore block near Chevron well
• Neutral Sentiment: Public scrutiny piece: disclosures show a Senator bought Chevron shares before a U.S. operation related to Venezuela — a political optics story that has attracted attention but is not a company operational update. Sen. Markwayne Mullin Bought Chevron and Raytheon Stock Days Before U.S. Venezuela Operation
• Negative Sentiment: A Wall Street Journal feature outlines Chevron’s dilemma in Venezuela — the company is exposed to political and sanction risks there and is cautious about major near-term investments, a factor that can cap upside and increase volatility tied to geopolitics. Chevron’s Dilemma in Venezuela: Support Trump’s Vision Without Losing Money

Insider Buying and Selling at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 28,334 shares of Chevron stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $720,608.30. The trade was a 86.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 320,700 shares of the business’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 sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 635,190 shares of company stock valued at $100,254,408 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Chevron Stock Down 0.6%

CVX stock opened at $165.29 on Wednesday. The stock’s 50 day simple moving average is $153.86 and its 200 day simple moving average is $154.51. The company has a market cap of $332.82 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $169.37.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. During the same quarter last year, the firm posted $2.48 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.1%. Chevron’s dividend payout ratio is presently 96.20%.

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.