7,065 Chevron Corporation $CVX Shares Bought by TrinityBridge Ltd

TrinityBridge Ltd lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 34.1% in the third quarter, Holdings Channel.com reports. The fund owned 27,801 shares of the oil and gas company’s stock after purchasing an additional 7,065 shares during the quarter. TrinityBridge Ltd’s holdings in Chevron were worth $5,684,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Associated Banc Corp acquired a new position in Chevron in the third quarter worth about $34,987,000. Putney Financial Group LLC bought a new position in Chevron during the third quarter worth about $133,000. Richwood Investment Advisors LLC lifted its stake in Chevron by 6.7% during the third quarter. Richwood Investment Advisors LLC now owns 2,498 shares of the oil and gas company’s stock worth $510,000 after purchasing an additional 157 shares during the period. Integrity Alliance LLC. boosted its holdings in Chevron by 22.0% during the third quarter. Integrity Alliance LLC. now owns 37,001 shares of the oil and gas company’s stock valued at $7,556,000 after purchasing an additional 6,672 shares in the last quarter. Finally, Integrity Advisory Solutions LLC grew its stake in shares of Chevron by 8.2% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 9,548 shares of the oil and gas company’s stock valued at $1,950,000 after purchasing an additional 720 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Price Performance

Chevron stock opened at $225.58 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a market cap of $445.70 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.54 and a beta of 0.47. The business’s fifty day moving average is $214.06 and its two-hundred day moving average is $193.68. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $236.48.

Chevron (NYSE:CVX) last announced its earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.87 by $0.41. Chevron had a return on equity of 14.64% and a net margin of 11.56%. The company had revenue of $65.24 billion during the quarter, compared to analyst estimates of $61.82 billion. During the same period last year, the company posted $1.85 earnings per share. The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. Equities research analysts forecast that Chevron Corporation will post 18.20 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be issued 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 yield of 3.2%. Chevron’s dividend payout ratio is currently 52.08%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported adjusted third-quarter earnings of $5.28 per share, topping expectations, with record U.S. refinery throughput and strong refining margins contributing to results. UBS raised its price target to $265 and retained a Buy rating after the results. Q3 results deep dive
• Positive Sentiment: Chevron says it remains on track to supply power to a Microsoft West Texas data center in 2028 through Project Kilby, despite permitting uncertainty—an update supporting its efforts to build data-center energy demand into a growth opportunity. Chevron data-center power target
• Neutral Sentiment: Oil-market sentiment is volatile: Brent fell about 8% after signals that Iran may be open to peace talks, but reports of U.S. strikes in Iran complicate the outlook. A sustained easing of conflict could pressure crude prices, while renewed escalation could reverse the move. Oil-market reaction to Iran news
• Negative Sentiment: Lower crude prices pose a potential headwind for Chevron’s upstream earnings, and the shares may also be vulnerable to profit-taking after a substantial rally. ETF flows were mixed, with reports of net sales on Oct. 30. ETF sales of Chevron shares
• Negative Sentiment: DZ Bank lowered its rating from Buy to Hold, adding a cautious analyst view even as its $240 target remains above the quoted share price. DZ Bank rating action

Insiders Place Their Bets

In other Chevron news, insider R. Pate sold 40,700 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were 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 owned 8,791 shares in the company, valued at approximately $1,992,480.15. This trade represents a 82.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction 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. This represents a 92.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 379,470 shares of company stock valued at $77,216,415 in the last 90 days. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CVX shares. BMO Capital Markets raised their target price on Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. TD Cowen increased their price objective on Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. UBS Group increased their price objective on Chevron from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Piper Sandler boosted their target price on shares of Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $222.04.

About Chevron

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.