North Dallas Bank & Trust Co. Acquires New Shares in Chevron Corporation $CVX

North Dallas Bank & Trust Co. acquired a new stake in Chevron Corporation (NYSE:CVX) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 13,005 shares of the oil and gas company’s stock, valued at approximately $1,982,000. Chevron accounts for about 1.3% of North Dallas Bank & Trust Co.’s holdings, making the stock its 23rd biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in Chevron in the 4th quarter worth $26,000. Strategic Wealth Advisors LLC bought a new position in Chevron in the 4th quarter worth $33,000. Daytona Street Capital LLC bought a new position in Chevron in the 4th quarter worth $44,000. Maseco LLP bought a new position in Chevron in the 4th quarter worth $49,000. Finally, Turning Point Benefit Group Inc. bought a new position in Chevron in the 3rd quarter worth $49,000. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CVX. Weiss Ratings downgraded shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Piper Sandler lifted their target price on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Wells Fargo & Company lifted their target price on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. UBS Group lifted their target price on shares of Chevron from $218.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average price target of $205.70.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is being highlighted as a long-term, income-focused energy name thanks to its dependable dividend profile and resilient business model, which supports investor interest in the stock. Want Income? Buy These 3 Top Energy Dividend Stocks Now
• Positive Sentiment: Analysts continue to point to Chevron as a top stock for the long term, reinforcing the view that the company remains one of the stronger large-cap energy holdings. Why Chevron (CVX) is a Top Stock for the Long-Term
• Positive Sentiment: Chevron is also being included among energy stocks positioned to benefit from rising power demand tied to the AI buildout, which could support future energy demand and sector sentiment. 3 Energy Stocks Built for the AI Power Boom—And Beyond (CVX)
• Positive Sentiment: Chevron’s push to advance a large $13.8 billion unconventional oil project in Argentina’s Vaca Muerta basin could be a meaningful long-term growth driver if approved. Chevron Advances Unconventional Oil Project in Argentina’s Vaca Muerta
• Neutral Sentiment: Several articles note renewed investor interest in Chevron and broader energy stocks, but these are more commentary-driven than company-specific catalysts. Here is What to Know Beyond Why Chevron Corporation (CVX) is a Trending Stock
• Neutral Sentiment: A feature on Chevron’s dividend reinvestment performance underscores the company’s long-term wealth-building history, but it is not a new operational catalyst. How Chevron Turned $1,000 Into $3,500 With Reinvested Dividends

Insider Activity

In related news, insider R. Hewitt Pate sold 40,200 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the sale, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the sale, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 615,200 shares of company stock worth $118,022,760. Insiders own 0.56% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $186.78 on Wednesday. The firm’s 50-day moving average is $189.80 and its 200-day moving average is $177.47. Chevron Corporation has a 52-week low of $141.91 and a 52-week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The company has a market cap of $371.99 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 0.63 and a beta of 0.48.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same quarter in the previous year, the firm posted $2.18 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Chevron Corporation will post 15.74 earnings per share for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron’s payout ratio is presently 123.40%.

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.