Banque Cantonale Vaudoise Cuts Stock Holdings in Chevron Corporation $CVX

Banque Cantonale Vaudoise lowered its stake in shares of Chevron Corporation (NYSE:CVX) by 47.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,467 shares of the oil and gas company’s stock after selling 24,341 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Chevron were worth $4,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. United Bank grew its stake in shares of Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares in the last quarter. BNP Paribas grew its stake in shares of Chevron by 76.4% during the second quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 191 shares in the last quarter. Osterweis Capital Management Inc. grew its stake in shares of Chevron by 678.9% during the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in shares of Chevron by 3.6% during the second quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 553 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of analyst reports. Scotiabank boosted their target price on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. BNP Paribas Exane upgraded shares of Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price objective for the company in a research note on Friday, April 17th. Finally, Piper Sandler upped their price objective on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.13.

Insider Activity

In related news, insider Andrew Benjamin Walz sold 11,600 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 799,699 shares of company stock valued at $151,259,517 over the last ninety days. 0.56% of the stock is currently owned by company insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices remain elevated, and Zacks said WTI above $100 keeps Chevron and other Permian-focused energy names in the spotlight, supporting cash flow and investor interest. Article Title
• Positive Sentiment: Barrons argued Chevron can keep rising as oil prices increase, reinforcing the view that the company still has upside despite recent gains. Article Title
• Positive Sentiment: Bernstein analyst Bob Brackett said energy stocks like Chevron may be undervalued relative to Treasuries, framing CVX as an attractive income and total-return play. Article Title
• Positive Sentiment: Several recent pieces highlighted Chevron as a long-term, blue-chip energy holding, and Zacks noted rising earnings estimates for CVX, which can support the stock. Article Title
• Neutral Sentiment: Comparisons with Shell and ExxonMobil mainly keep Chevron in the investment conversation without adding a clear new catalyst. Article Title
• Negative Sentiment: The biggest overhang is Berkshire Hathaway’s latest stake reduction in Chevron, which can weigh on sentiment even though Berkshire still holds a meaningful position. Article Title

Chevron Price Performance

Shares of CVX opened at $191.39 on Thursday. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The company has a market capitalization of $381.18 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 0.66 and a beta of 0.51. The firm has a 50-day simple moving average of $193.45 and a 200-day simple moving average of $174.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09.

Chevron (NYSE:CVX) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.18 earnings per share. On average, equities research analysts anticipate that Chevron Corporation will post 15.43 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

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.