Chevron Corporation $CVX Stock Holdings Raised by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in shares of Chevron Corporation (NYSE:CVX) by 8.6% during the third quarter, Holdings Channel.com reports. The fund owned 99,236 shares of the oil and gas company’s stock after buying an additional 7,836 shares during the period. First Citizens Bank & Trust Co.’s holdings in Chevron were worth $20,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp boosted its position in Chevron by 3.9% during the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after purchasing an additional 5,998,852 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Chevron in the second quarter valued at approximately $25,663,729,000. Berkshire Hathaway Inc increased its position in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. Bank of America Corp DE increased its position in shares of Chevron by 5.1% in the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock valued at $5,716,694,000 after buying an additional 1,334,976 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Chevron by 1.5% during the 4th quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company’s stock worth $2,609,194,000 after buying an additional 254,323 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: An analyst upgrade helped support Chevron’s recent advance, while TD Cowen raised its price target from $215 to $225 and Erste Group increased its FY2026 and FY2027 EPS forecasts to $16.90 and $13.78, respectively. Chevron Stock Jumps After Analyst Upgrade Chevron Price Target Increase from TD Cowen
• Positive Sentiment: Chevron’s operating outlook is benefiting from the first commercial gas production in Australia’s Beetaloo Basin, progress on the Aphrodite gas project with Egypt, and longer-term production growth tied to the Hess integration and international gas assets. Chevron and Beetaloo Gas Chevron and Egypt Discuss Aphrodite Pipeline
• Positive Sentiment: Offshore operations in the U.S. Gulf are being restored after Hurricane Isaias, with no major facility damage reported. The recovery limits the potential duration of production disruptions. Chevron Gulf Production Recovery
• Positive Sentiment: Recent coverage highlights Chevron’s strong cash flow, expanding production, cost savings, dividend appeal and performance ahead of the broader energy sector. Zacks also included CVX among its top-rated income stocks. CVX Outpaces Industry
• Neutral Sentiment: Chevron is reorganizing senior leadership effective January 2027, moving current CFO Eimear Bonner to lead Oil, Products & Gas and appointing Jeff Gustavson as CFO. The changes could improve integration of lower-carbon businesses, but execution remains to be demonstrated.
• Negative Sentiment: Valuation is becoming a concern after the rally: GF Value characterizes CVX as overvalued, while one reported average analyst target of $213.08 is below the recent trading level. Chevron Valuation Analysis
• Negative Sentiment: Chevron’s planned one-time charge of roughly $3 billion to $4 billion will weigh on reported results, while its warning that diesel and fuel-export restrictions could backfire introduces policy risk.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CVX. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. UBS Group lifted their price target on shares of Chevron from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. The Goldman Sachs Group cut their price target on shares of Chevron from $240.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, July 2nd. Finally, Mizuho set a $234.00 price objective on shares of Chevron in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $213.08.

Chevron Trading Up 1.4%

CVX stock opened at $218.01 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $218.79. The stock has a market cap of $430.73 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 0.60 and a beta of 0.53. The business’s 50-day moving average is $205.49 and its 200 day moving average is $193.13.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same period in the previous year, the business earned $1.77 EPS. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts anticipate that Chevron Corporation will post 17.43 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.3%. Chevron’s payout ratio is currently 68.26%.

Insider Transactions at Chevron

In related news, insider Andrew Walz sold 16,800 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Wirth sold 317,100 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company’s stock.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.