Chevron Corporation $CVX Shares Sold by Trek Financial LLC

Trek Financial LLC trimmed its holdings in shares of Chevron Corporation (NYSE:CVX) by 93.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,317 shares of the oil and gas company’s stock after selling 58,229 shares during the period. Trek Financial LLC’s holdings in Chevron were worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Chevron by 3.9% during the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after purchasing an additional 5,998,852 shares in the last quarter. BlackRock Inc. bought a new position in Chevron in the second quarter worth approximately $25,663,729,000. Bank of America Corp DE raised its stake in Chevron by 5.1% in the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after buying an additional 1,334,976 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Chevron during the second quarter worth $2,378,114,000. Finally, Amundi lifted its holdings in Chevron by 14.1% during the second quarter. Amundi now owns 13,900,271 shares of the oil and gas company’s stock worth $2,304,109,000 after buying an additional 1,714,835 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Insider Transactions at Chevron

In other news, insider Andrew Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider R. Pate sold 40,700 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total value of $9,224,655.00. Following the completion of the sale, the insider directly owned 8,791 shares of the company’s stock, valued at $1,992,480.15. The trade was a 82.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 385,017 shares of company stock valued at $78,253,704. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CVX. Piper Sandler increased their target price on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Sanford C. Bernstein lifted their price target on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. HSBC set a $90.00 price objective on Chevron in a research note on Friday, September 25th. Finally, TD Cowen raised their price objective on Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.46.

Chevron Trading Down 3.2%

NYSE CVX opened at $228.00 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm 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 company has a 50 day moving average price of $213.61 and a 200 day moving average price of $193.39. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $236.48.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.87 by $0.41. The company had revenue of $65.24 billion during the quarter, compared to analysts’ expectations of $61.82 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. As a group, sell-side analysts forecast that Chevron Corporation will post 18.15 EPS for the current fiscal year.

Chevron Dividend Announcement

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

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.

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.