Chevron Corporation $CVX Shares Sold by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its stake in Chevron Corporation (NYSE:CVX) by 17.2% during the 3rd quarter, Holdings Channel reports. The fund owned 38,727 shares of the oil and gas company’s stock after selling 8,050 shares during the period. Chevron comprises about 1.3% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s portfolio, making the stock its 18th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Chevron were worth $6,014,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Keating Investment Counselors Inc. lifted its holdings in Chevron by 47.2% in the 3rd quarter. Keating Investment Counselors Inc. now owns 10,556 shares of the oil and gas company’s stock valued at $1,639,000 after purchasing an additional 3,385 shares in the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in shares of Chevron by 7.1% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 5,551 shares of the oil and gas company’s stock valued at $842,000 after buying an additional 368 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its position in Chevron by 7.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 72,617 shares of the oil and gas company’s stock worth $11,277,000 after acquiring an additional 4,730 shares during the last quarter. Plan Group Financial LLC raised its holdings in Chevron by 19.1% in the 3rd quarter. Plan Group Financial LLC now owns 23,790 shares of the oil and gas company’s stock valued at $3,694,000 after acquiring an additional 3,820 shares during the last quarter. Finally, Kera Capital Partners Inc. raised its holdings in Chevron by 80.0% in the 3rd quarter. Kera Capital Partners Inc. now owns 3,024 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in talks to expand its oil license in Venezuela, positioning the company to increase production access in a large, underdeveloped hydrocarbon basin if negotiations succeed. Chevron (CVX) in Talks to Expand Oil License in Venezuela
• Positive Sentiment: Analysts and outlets highlight Chevron as a high-yield energy pick as oil rallies, which supports the stock as an income play and can attract dividend-seeking investors. Oil Is Surging Over $60 – Grab These Large Cap High-Yield Dividend Energy Giants Now
• Positive Sentiment: Fund manager Stephanie Link publicly added to Chevron on CNBC, a visible vote of confidence that can prompt follow-on buying from institutional and retail investors. Trade Tracker: Stephanie Link buys more Chevron
• Positive Sentiment: Chevron says accelerating Venezuelan crude exports could unlock up to ~$700M in annual cash flow by easing storage bottlenecks — a tangible near-term earnings/cash-flow catalyst if realized. Chevron Bets on Venezuela Oil to Unlock Up to $700M in Cash Flow
• Neutral Sentiment: Chevron is reported as part of a bidding/partnership group among frontrunners for Lukoil’s global assets — a move that could expand reserves and international scale but faces regulatory, sanction and execution uncertainty. Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets, sources say
• Neutral Sentiment: Coverage pieces (Undercovered Dozen, Dogs of the Dow lists) raise visibility among value/dividend investors but are not immediate operational catalysts. Undercovered Dozen: Chevron, Coherent, Barrick Mining And More The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Negative Sentiment: Geopolitical instability in Venezuela (reports of violence and U.S. involvement) raises operational, reputational and legal risks for expanding activity there; any deterioration could disrupt projects or trigger sanctions concerns. How Chevron played the long game for Venezuela’s oil reserves Defense Stocks Surge As The U.S. Reasserts Power In Latin America

Insider Transactions at Chevron

In related news, insider Alana K. Knowles sold 7,956 shares of Chevron stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $1,313,137.80. Following the completion of the transaction, the insider directly owned 1,207 shares in the company, valued at approximately $199,215.35. This trade represents a 86.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 631,990 shares of company stock valued at $99,716,808 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays decreased their price objective on Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Bank of America decreased their price target on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday, October 8th. HSBC set a $169.00 target price on shares of Chevron and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Sanford C. Bernstein raised their target price on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Chevron presently has an average rating of “Hold” and a consensus target price of $167.14.

Chevron Stock Performance

Chevron stock opened at $163.66 on Wednesday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The stock has a market cap of $329.53 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 10.20 and a beta of 0.70. The stock has a 50 day moving average of $152.68 and a 200-day moving average of $153.82.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. During the same period in the prior year, the company posted $2.48 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a dividend yield of 4.2%. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

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.