Trust Co. of Vermont Sells 5,998 Shares of Chevron Corporation $CVX

Trust Co. of Vermont decreased its stake in shares of Chevron Corporation (NYSE:CVX) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CVX. Decker Retirement Planning Inc. purchased a new position in shares of Chevron in the 3rd quarter worth about $34,000. Marquette Asset Management LLC purchased a new stake in Chevron during the 3rd quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC grew its position in Chevron by 306.1% during 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 last quarter. Evolution Wealth Management Inc. bought a new stake in Chevron during the 2nd quarter valued at about $49,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Chevron during the 3rd quarter valued at about $49,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Chevron

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CVX shares. UBS Group reiterated a “buy” rating and issued a $212.00 target price on shares of Chevron in a research note on Monday, February 2nd. Argus set a $203.00 price target on shares of Chevron in a research report on Tuesday, February 3rd. Wells Fargo & Company boosted their price objective on shares of Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Sanford C. Bernstein upped 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. Finally, Morgan Stanley increased their target price on Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Hold” and a consensus target price of $186.50.

Insider Buying and Selling at Chevron

In other news, 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the transaction, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is owned by corporate insiders.

Chevron Stock Performance

Shares of NYSE CVX opened at $197.59 on Thursday. The firm’s 50-day moving average price is $187.86 and its 200-day moving average price is $166.20. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $214.71. The company has a market cap of $394.26 billion, a PE ratio of 29.67, a PEG ratio of 1.72 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 earnings per share. As a group, analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. The ex-dividend date 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 dividend payout ratio (DPR) is presently 106.91%.

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.