CENTRAL TRUST Co Has $24.61 Million Position in Chevron Corporation $CVX

CENTRAL TRUST Co cut its holdings in Chevron Corporation (NYSE:CVX) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,455 shares of the oil and gas company’s stock after selling 7,859 shares during the quarter. CENTRAL TRUST Co’s holdings in Chevron were worth $24,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron in the third quarter valued at $34,000. Marquette Asset Management LLC bought a new position in Chevron in the third quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 202 shares during the last quarter. Daytona Street Capital LLC bought a new position in Chevron in the fourth quarter valued at about $44,000. Finally, Maseco LLP bought a new position in Chevron in the fourth quarter valued at about $49,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Down 1.3%

NYSE:CVX opened at $190.79 on Friday. Chevron Corporation has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $380.12 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51. The business’s 50-day simple moving average is $193.08 and its 200-day simple moving average is $171.23.

Chevron (NYSE:CVX) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.44. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $48.61 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same quarter last year, the firm earned $2.18 EPS. Chevron’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts expect that Chevron Corporation will post 14.13 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CVX. Wall Street Zen upgraded Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Barclays raised their target price on Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price on the stock in a report on Tuesday, January 20th. Scotiabank raised their target price on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Morgan Stanley raised their target price on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.09.

Insiders Place Their Bets

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares in the company, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 695,439 shares of company stock worth $131,274,332 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Adjusted Q1 results topped Street estimates — Chevron reported adjusted EPS of $1.41, outpacing consensus, helped by higher oil & gas realizations and upstream production gains (Hess integration lifted output). Chevron’s upstream strength lifts first-quarter earnings past estimate
• Neutral Sentiment: Elevated crude prices from Middle East tensions remain a potential tailwind for future quarters, but the path is volatile and timing of higher realized profits depends on hedging and production recovery. Big Oil earnings and oil price context
• Neutral Sentiment: Wall Street positioning: analysts have been updating forecasts ahead of and after the print (some raise long‑term EPS outlooks), which could limit downside if guidance/forward cues are constructive. Analyst forecast changes ahead of Q1
• Negative Sentiment: Headline profits plunged (net income fell ~36%) primarily because of derivative timing losses and hedges that moved against Chevron, dragging reported earnings even though operational results improved. Profit hits five-year low due to hedging & timing
• Negative Sentiment: Balance‑sheet / cash‑flow signal: management flagged Middle East risks and the company’s net‑debt-to‑cash‑flow metric worsened, increasing investor concern about near‑term financial flexibility. Net debt to cash flow worsens; CEO flags risks
• Negative Sentiment: Short‑term market pressure from softening oil: crude weakened intraday (~3% drop), which pulled energy names lower and amplified selling after the mixed print. Crude oil down 3% and mixed Q1 coverage

Chevron Profile

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.