Stock Yards Bank & Trust Co. Has $42.41 Million Stock Holdings in Chevron Corporation $CVX

Stock Yards Bank & Trust Co. trimmed its stake in shares of Chevron Corporation (NYSE:CVX) by 3.3% in the third quarter, HoldingsChannel.com reports. The fund owned 273,095 shares of the oil and gas company’s stock after selling 9,397 shares during the quarter. Chevron comprises about 1.3% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 22nd biggest position. Stock Yards Bank & Trust Co.’s holdings in Chevron were worth $42,409,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Berkshire Hathaway Inc grew its stake in Chevron by 2.9% during the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after buying an additional 3,454,258 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chevron by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after acquiring an additional 1,342,723 shares during the period. Fisher Asset Management LLC boosted its position in shares of Chevron by 1.9% during the 2nd quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock worth $2,982,190,000 after acquiring an additional 378,936 shares in the last quarter. Norges Bank bought a new position in Chevron in the second quarter valued at approximately $2,721,477,000. Finally, Franklin Resources Inc. increased its stake in Chevron by 2.1% in the second quarter. Franklin Resources Inc. now owns 17,764,589 shares of the oil and gas company’s stock valued at $2,543,712,000 after acquiring an additional 370,287 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.6%

Shares of NYSE CVX opened at $165.29 on Wednesday. The company has a 50 day simple moving average of $153.86 and a 200 day simple moving average of $154.51. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $169.37. The firm has a market cap of $332.82 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70.

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

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio is presently 96.20%.

Insider Buying and Selling

In other news, CEO Michael K. Wirth sold 320,700 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at $2,355,205.50. This trade represents a 95.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 635,190 shares of company stock valued at $100,254,408 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is moving to finalize the sale of its Singapore refining and distribution assets in Q1, in late-stage talks with Eneos and Glencore — a deal that would raise cash, shrink downstream exposure in Asia and simplify the company’s portfolio. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Positive Sentiment: J.P. Morgan upgraded Chevron to overweight with a higher price target, signaling institutional buy-side interest that can support near-term demand for the stock. Chevron and Suncor upgraded, ConocoPhillips and Cenovus cut at J.P. Morgan
• Positive Sentiment: Jefferies raised its Chevron price target (reported commentary) and analysts generally remain constructive on CVX into earnings season — supportive for longer-term sentiment and dividend-focused investors. Analysts Stay Positive on Chevron (CVX) Despite Challenges
• Neutral Sentiment: Reports say Turkey’s national oil company is in talks with Chevron about joint exploration — a potential new opportunity but still early-stage and speculative for near-term revenue or production impact. Turkish Petroleum in talks with Chevron for joint oil and gas exploration, Bloomberg News reports
• Neutral Sentiment: Smaller-industry activity: Sintana secured an option on an offshore block in Namibia near a Chevron well — highlights interest in the basin but has limited direct impact on Chevron today. Sintana secures exclusive option over Namibian offshore block near Chevron well
• Neutral Sentiment: Public scrutiny piece: disclosures show a Senator bought Chevron shares before a U.S. operation related to Venezuela — a political optics story that has attracted attention but is not a company operational update. Sen. Markwayne Mullin Bought Chevron and Raytheon Stock Days Before U.S. Venezuela Operation
• Negative Sentiment: A Wall Street Journal feature outlines Chevron’s dilemma in Venezuela — the company is exposed to political and sanction risks there and is cautious about major near-term investments, a factor that can cap upside and increase volatility tied to geopolitics. Chevron’s Dilemma in Venezuela: Support Trump’s Vision Without Losing Money

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CVX. Freedom Capital downgraded Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Scotiabank restated a “sector perform” rating and set a $168.00 price objective on shares of Chevron in a research report on Friday. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday. Raymond James Financial reissued an “outperform” rating and set a $160.00 target price (down previously from $170.00) on shares of Chevron in a research note on Friday, October 17th. Finally, UBS Group reissued a “buy” rating on shares of Chevron in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $168.61.

Chevron Company 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.