Vest Financial LLC Lowers Stock Position in Chevron Corporation $CVX

Vest Financial LLC cut its position in shares of Chevron Corporation (NYSE:CVX) by 8.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 399,001 shares of the oil and gas company’s stock after selling 39,174 shares during the quarter. Chevron makes up about 0.8% of Vest Financial LLC’s holdings, making the stock its 25th biggest position. Vest Financial LLC’s holdings in Chevron were worth $61,961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC lifted its position in shares of Chevron by 8.9% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 17,028 shares of the oil and gas company’s stock worth $2,644,000 after buying an additional 1,386 shares in the last quarter. Allegiance Financial Group Advisory Services LLC purchased a new stake in shares of Chevron during the third quarter valued at approximately $271,000. DORVAL Corp bought a new stake in Chevron during the third quarter worth $205,000. Lanham O Dell & Company Inc. boosted its position in Chevron by 3.0% in the third quarter. Lanham O Dell & Company Inc. now owns 3,796 shares of the oil and gas company’s stock worth $589,000 after purchasing an additional 111 shares during the last quarter. Finally, Canopy Partners LLC grew its stake in Chevron by 3.5% in the 3rd quarter. Canopy Partners LLC now owns 6,963 shares of the oil and gas company’s stock valued at $1,081,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.6%

Chevron stock opened at $165.29 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $169.37. The firm has a market capitalization of $332.82 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 10.29 and a beta of 0.70. The firm has a 50 day simple moving average of $153.86 and a 200 day simple moving average of $154.51.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter last year, the company earned $2.48 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s dividend payout ratio is 96.20%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein lifted their target price on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Wells Fargo & Company lifted their price objective on shares of Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Wall Street Zen downgraded shares of Chevron from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of “Hold” and a consensus price target of $168.61.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is moving to finalize the sale of its Singapore refining and distribution assets in Q1, in late-stage talks with Eneos and Glencore — a deal that would raise cash, shrink downstream exposure in Asia and simplify the company’s portfolio. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Positive Sentiment: J.P. Morgan upgraded Chevron to overweight with a higher price target, signaling institutional buy-side interest that can support near-term demand for the stock. Chevron and Suncor upgraded, ConocoPhillips and Cenovus cut at J.P. Morgan
• Positive Sentiment: Jefferies raised its Chevron price target (reported commentary) and analysts generally remain constructive on CVX into earnings season — supportive for longer-term sentiment and dividend-focused investors. Analysts Stay Positive on Chevron (CVX) Despite Challenges
• Neutral Sentiment: Reports say Turkey’s national oil company is in talks with Chevron about joint exploration — a potential new opportunity but still early-stage and speculative for near-term revenue or production impact. Turkish Petroleum in talks with Chevron for joint oil and gas exploration, Bloomberg News reports
• Neutral Sentiment: Smaller-industry activity: Sintana secured an option on an offshore block in Namibia near a Chevron well — highlights interest in the basin but has limited direct impact on Chevron today. Sintana secures exclusive option over Namibian offshore block near Chevron well
• Neutral Sentiment: Public scrutiny piece: disclosures show a Senator bought Chevron shares before a U.S. operation related to Venezuela — a political optics story that has attracted attention but is not a company operational update. Sen. Markwayne Mullin Bought Chevron and Raytheon Stock Days Before U.S. Venezuela Operation
• Negative Sentiment: A Wall Street Journal feature outlines Chevron’s dilemma in Venezuela — the company is exposed to political and sanction risks there and is cautious about major near-term investments, a factor that can cap upside and increase volatility tied to geopolitics. Chevron’s Dilemma in Venezuela: Support Trump’s Vision Without Losing Money

Insider Activity

In other Chevron news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alana K. Knowles sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the transaction, the insider owned 1,207 shares in the company, valued at approximately $202,776. This trade represents a 72.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 635,190 shares of company stock valued at $100,254,408. 0.20% of the stock is owned by company insiders.

About Chevron

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.