21,806 Chevron Corporation $CVX Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in Chevron Corporation (NYSE:CVX) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 1,205,483 shares of the oil and gas company’s stock after selling 21,806 shares during the quarter. Chevron comprises about 0.8% of Keybank National Association OH’s holdings, making the stock its 26th biggest position. Keybank National Association OH’s holdings in Chevron were worth $246,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Capital Inc. acquired a new stake in Chevron in the second quarter valued at $786,000. OneAscent Wealth Management LLC acquired a new position in shares of Chevron during the 2nd quarter worth about $973,000. Global Retirement Partners LLC acquired a new position in shares of Chevron during the 2nd quarter worth about $14,276,000. Greg Jennings LLC acquired a new position in shares of Chevron during the 3rd quarter worth about $1,314,000. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in shares of Chevron by 0.6% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company’s stock valued at $186,182,000 after purchasing an additional 5,787 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R. Pate sold 40,700 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,992,480.15. This trade represents a 82.24% decrease in their ownership of the stock. 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 quarter, insiders have sold 379,470 shares of company stock worth $77,216,415. Company insiders own 0.56% of the company’s stock.

Chevron Stock Up 0.2%

Shares of CVX opened at $211.15 on Wednesday. The firm has a market cap of $414.99 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.07 and a current ratio of 1.34. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $236.48. The firm’s 50-day simple moving average is $215.19 and its 200 day simple moving average is $194.85.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.87 by $0.41. The firm had revenue of $65.24 billion during the quarter, compared to the consensus estimate of $61.82 billion. Chevron had a net margin of 11.56% and a return on equity of 14.49%. The business’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. On average, analysts forecast that Chevron Corporation will post 18.56 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be given a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. Chevron’s dividend payout ratio is presently 52.08%.

Analyst Ratings Changes

Several brokerages recently issued reports on CVX. Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. BNP Paribas Exane reduced their price target on Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Weiss Ratings downgraded Chevron from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, Sanford C. Bernstein upped their price objective on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $221.88.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is selling QatarEnergy a 25% stake in its PEL82 offshore exploration license in Namibia. The deal shares exploration costs while Chevron retains control and exposure to potential discoveries. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Positive Sentiment: Chevron is pursuing a $13.8 billion expansion in Argentina’s Vaca Muerta shale formation, aiming to triple its output there by 2035. Applying Permian expertise could support growth, though the plan faces high costs and pipeline constraints. Can Chevron’s $13.8B Vaca Muerta Bet Fuel Long-Term Growth?
• Neutral Sentiment: Chevron plans to double production in Venezuela, offering potential volume growth but exposing the company to political and investment risks. The article notes ExxonMobil’s reluctance to return after past asset seizures and flags uncertainty around long-term oil demand. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.
• Negative Sentiment: Oil prices fell to their lowest since August after President Trump said the Iran war was effectively over. Lower crude prices can weigh on Chevron’s earnings outlook; however, the report says there was no signed deal and Iran denied talks, leaving the situation uncertain. Oil Prices Just Fell to Their Lowest Since August

Chevron Company 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.