Chevron Corporation $CVX Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its stake in Chevron Corporation (NYSE:CVX) by 19.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,828 shares of the oil and gas company’s stock after selling 27,902 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Chevron were worth $18,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after acquiring an additional 27,961,463 shares during the period. Norges Bank acquired a new position in Chevron during the second quarter worth $2,721,477,000. State Street Corp boosted its position in Chevron by 9.1% during the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Chevron during the third quarter worth $988,083,000. Finally, Bank of New York Mellon Corp grew its holdings in Chevron by 27.9% in the third quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after purchasing an additional 4,279,918 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating and set a $212.00 price target on shares of Chevron in a research note on Monday, February 2nd. BMO Capital Markets restated an “outperform” rating and set a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. Wells Fargo & Company increased their price target on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Sanford C. Bernstein raised their price objective on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Finally, Citigroup lifted their price objective on Chevron from $179.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $183.18.

Insider Transactions at Chevron

In related news, insider Alana K. Knowles sold 2,408 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,099,397 shares of company stock worth $196,196,468 in the last three months. 0.20% of the stock is currently owned by company insiders.

Chevron Trading Up 0.6%

Shares of CVX stock opened at $197.97 on Wednesday. The company has a market capitalization of $395.02 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.82 and a beta of 0.67. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $178.82 and a 200 day moving average price of $162.60. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $200.58.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $2.06 EPS. Research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is 106.91%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Potential Venezuela deal — Chevron is reportedly working on a production agreement in Venezuela that could materially boost long‑term oil output and growth if finalized; this is being viewed as a major upside catalyst for future cash flow. Could an Oil Deal in Venezuela Boost Chevron’s Stock?
• Positive Sentiment: Bullish analyst attention — a Barclays‑linked note published projects strong price appreciation for CVX, signaling institutional conviction that the shares can outperform on fundamentals and cash returns. Barclays Forecasts Strong Price Appreciation for Chevron (NYSE:CVX) Stock
• Positive Sentiment: Mizuho upgrade/target raise — Mizuho raised its price target to $217 and set an “outperform” view, highlighting perceived upside from current levels and supporting near‑term investor sentiment. Benzinga: Mizuho price target raise
• Positive Sentiment: Brazil expansion — Chevron is in advanced talks to buy a ~30% stake in Ultrapar’s Ipiranga retail/fuels unit, which would deepen its distribution footprint in a growth market and diversify downstream earnings. Chevron in Advanced Negotiations to Buy 30% Stake in Ipiranga
• Positive Sentiment: Aphrodite gas progress — Chevron awarded a FEED contract for Cyprus’ Aphrodite gas field, advancing a development that could add LNG/gas optionality and longer‑dated production upside. Chevron Advances Cyprus’ Aphrodite Gas Field Development
• Neutral Sentiment: Dividend credibility — Chevron extended its 39‑year dividend growth streak and remains included in dividend funds, supporting investor income expectations even as the company navigates settlement issues and geopolitical warnings. Is Chevron Balancing Dividend Strength With Rising Geopolitical Risk In Its Energy Strategy?
• Negative Sentiment: Mixed analyst signals — Barclays also published an “equal weight” view with a lower $180 target in mid‑March, implying limited upside or modest downside from current levels and adding some analyst ambivalence. Benzinga: Barclays price target update
• Negative Sentiment: Geopolitical risk & market caution — oil executives are warning of greater volatility amid Middle East tensions and doubts about security for shipping through the Strait of Hormuz; higher oil can help earnings but increases short‑term risk to operations and refining margins. Market Chatter: Oil Executives Caution Volatility
• Negative Sentiment: Reputational/legal scrutiny — WSJ reporting on past dealings involving an ex‑Chevron executive highlights potential reputational risk that could draw regulatory or PR attention. Takeaways From WSJ Reporting on the CIA’s Dealings With an Ex-Chevron Executive

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.