4,688 Chevron Corporation $CVX Shares Sold by American National Bank & Trust

American National Bank & Trust decreased its position in Chevron Corporation (NYSE:CVX) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,640 shares of the oil and gas company’s stock after selling 4,688 shares during the quarter. Chevron comprises approximately 1.6% of American National Bank & Trust’s investment portfolio, making the stock its 18th biggest position. American National Bank & Trust’s holdings in Chevron were worth $18,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Worth Asset Management LLC boosted its stake in shares of Chevron by 358.3% in the third quarter. Worth Asset Management LLC now owns 7,626 shares of the oil and gas company’s stock valued at $1,557,000 after buying an additional 5,962 shares during the period. Crumly & Associates Inc. lifted its stake in Chevron by 8.4% in the 3rd quarter. Crumly & Associates Inc. now owns 4,279 shares of the oil and gas company’s stock valued at $874,000 after purchasing an additional 330 shares during the last quarter. First Community Trust NA boosted its stake in shares of Chevron by 24.0% during the third quarter. First Community Trust NA now owns 9,999 shares of the oil and gas company’s stock valued at $2,048,000 after purchasing an additional 1,933 shares in the last quarter. Asempa Wealth Advisors bought a new position in shares of Chevron during the third quarter valued at $211,000. Finally, Weaver Consulting Group lifted its holdings in Chevron by 2.8% during the 3rd quarter. Weaver Consulting Group now owns 8,616 shares of the oil and gas company’s stock worth $1,759,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, insider Andrew Walz sold 16,800 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider R. Pate sold 2,470 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the transaction, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of a number of research reports. Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. TD Cowen upped their target price on Chevron from $205.00 to $215.00 and gave the company a “hold” rating in a report on Monday, September 28th. Sanford C. Bernstein raised their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Jefferies Financial Group increased their price target on Chevron from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Finally, The Goldman Sachs Group decreased their price objective on Chevron from $240.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $210.87.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst upgrade supports sentiment. Zacks Research upgraded Chevron to “Strong Buy,” adding to recent favorable momentum ratings and potentially improving investor confidence. Chevron upgraded to Strong Buy at Zacks Research
• Positive Sentiment: Bakken restructuring should improve returns. Chevron agreed to divest its Hess Midstream stake and certain DJ Basin midstream interests while restructuring its Bakken contracts. The revised arrangements are expected to reduce Bakken transportation and processing costs by approximately 50%; Chevron will also receive a reported $200 million payment. Lower costs could support future earnings and return on capital. Chevron Bakken restructuring announcement
• Positive Sentiment: Oil-market conditions remain favorable. Chevron CEO Mike Wirth said oil and fuel supply buffers are thinning amid the prolonged Middle East conflict. Higher oil prices and tighter inventories could support Chevron’s upstream profitability, while energy ETFs are benefiting from the same backdrop. Oil and fuel supply buffers Reuters article
• Positive Sentiment: Exploration portfolio is expanding. Chevron increased its position in Namibia’s PEL 90 ahead of the Nabba-1X exploration well, signaling confidence in the acreage’s potential, although exploration outcomes remain uncertain. Chevron Namibia exploration update
• Neutral Sentiment: Diesel export-ban debate creates mixed implications. Wirth called a potential U.S. diesel export ban “unwise,” warning it could remove supply from global markets and worsen the energy crisis. Tighter supply might lift fuel prices and margins, but policy uncertainty and potential market disruption could weigh on sentiment. Chevron CEO diesel export warning
• Neutral Sentiment: Leadership changes add a succession focus. CFO Eimear Bonner is moving to lead Chevron’s core oil, products and gas operations, while Jeff Gustavson is expected to become CFO in January. The moves provide internal succession depth but may increase near-term attention on CEO succession.
• Negative Sentiment: Gulf storm preparations introduce operational risk. Chevron evacuated non-essential personnel from some Gulf of Mexico platforms as a tropical storm approached, raising the possibility of temporary production disruptions or additional weather-related costs. Chevron Gulf of Mexico storm preparations

Chevron Trading Down 1.0%

Shares of NYSE CVX traded down $2.16 during midday trading on Wednesday, reaching $205.42. The company had a trading volume of 2,617,090 shares, compared to its average volume of 10,500,435. The stock has a market cap of $405.86 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 0.57 and a beta of 0.53. Chevron Corporation has a one year low of $146.49 and a one year high of $217.78. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $203.56 and its 200-day moving average price is $192.84.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. 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 prior year, the business posted $1.77 EPS. The firm’s revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Corporation will post 17.47 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Chevron Profile

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.