Smithfield Trust Co Raises Holdings in Chevron Corporation $CVX

Smithfield Trust Co boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 15.6% in the third quarter, Holdings Channel reports. The institutional investor owned 20,583 shares of the oil and gas company’s stock after acquiring an additional 2,785 shares during the period. Smithfield Trust Co’s holdings in Chevron were worth $3,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castellan Group grew its position in Chevron by 10.7% during the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after purchasing an additional 1,965 shares during the period. Nordea Investment Management AB grew its stake in shares of Chevron by 3.5% during the 2nd quarter. Nordea Investment Management AB now owns 408,900 shares of the oil and gas company’s stock worth $58,783,000 after purchasing an additional 13,845 shares during the period. United Bank increased its holdings in shares of Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 796 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Chevron during the second quarter valued at $20,701,000. Finally, Schubert & Co increased its holdings in Chevron by 11.6% in the second quarter. Schubert & Co now owns 3,274 shares of the oil and gas company’s stock valued at $469,000 after buying an additional 341 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Up 0.7%

Shares of NYSE:CVX opened at $183.65 on Monday. The firm has a market capitalization of $369.79 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 12.16 and a beta of 0.70. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $186.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm’s 50-day moving average is $162.51 and its two-hundred day moving average is $157.45.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. The ex-dividend date is Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. Chevron’s payout ratio is currently 102.70%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CVX shares. Scotiabank reaffirmed a “sector perform” rating and issued a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Sanford C. Bernstein boosted their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Mizuho increased their price objective on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, Citigroup dropped their price target on Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron presently has an average rating of “Hold” and a consensus target price of $175.00.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela is set to grant additional oil drilling blocks to Chevron and Repsol, a development that would expand production opportunity and reserves in a high-impact basin. Venezuela set to grant more oil drilling blocks to Chevron, Repsol – Bloomberg
• Positive Sentiment: Chevron has begun processing Venezuelan crude at a Gulf Coast refinery — a tangible near-term boost to volumes/refining feedstock access and a sign of resumed operations tied to political changes. Inside Chevron’s flagship refinery tapping into Venezuelan crude after Maduro’s capture
• Positive Sentiment: Chevron is returning to Libya and pursuing exploration/blocks in the Sirte Basin — a move that increases long‑term upstream optionality if political/security conditions hold. Big Oil embraces global exploration again as Chevron returns to Libya
• Positive Sentiment: Company scale in the Permian (1M boe/d) and deployment of AI/mineral-right advantages were highlighted as drivers of cash flow and cost efficiency — supportive for free cash flow and shareholder returns. Chevron’s Permian Scale Drives Cash Flow and Efficiency Edge
• Positive Sentiment: Unusual options activity: traders bought roughly 1,009,814 call options (a ~2,066% jump vs. typical volume), signaling bullish sentiment or speculative positioning that can add upward price momentum.
• Neutral Sentiment: Bangchak has acquired Chevron’s Hong Kong unit as part of regional restructuring — a non-core asset sale that is likely neutral to core upstream earnings but could slightly simplify regional operations. Bangchak acquires Chevron’s Hong Kong unit to fuel regional expansion
• Neutral Sentiment: Insider disclosure: Chevron CTO Thomas Ryder Booth sold 5 shares (de minimis), an immaterial transaction unlikely to affect investor view. SEC Form 4 disclosure

Insider Activity

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the completion of the sale, the insider owned 7,161 shares in the company, valued at $1,247,231.37. The trade was a 86.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R. Hewitt Pate sold 41,134 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the completion of the sale, the insider directly owned 4,169 shares of the company’s stock, valued at approximately $735,411.60. This trade represents a 90.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 793,163 shares of company stock valued at $127,920,502. 0.20% of the stock is owned by corporate insiders.

Chevron 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.