Chevron Corporation $CVX Stock Sold by Keybank National Association OH

Keybank National Association OH decreased its position in Chevron Corporation (NYSE:CVX) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,205,483 shares of the oil and gas company’s stock after selling 21,806 shares during the period. Chevron makes up 0.8% of Keybank National Association OH’s portfolio, making the stock its 26th largest position. Keybank National Association OH owned approximately 0.06% of Chevron worth $246,172,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Chevron during the 2nd quarter worth $25,663,729,000. Bank of New York Mellon Corp acquired a new position in Chevron in the second quarter valued at about $2,378,114,000. Legal & General Group Plc acquired a new position in Chevron in the second quarter valued at about $1,462,412,000. Deutsche Bank AG acquired a new position in Chevron in the second quarter valued at about $1,189,577,000. Finally, State Street Corp grew its stake in Chevron by 3.9% in the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after acquiring an additional 5,998,852 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider R. Pate sold 40,700 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total value of $9,224,655.00. Following the transaction, the insider directly owned 8,791 shares of the company’s stock, valued at $1,992,480.15. This represents a 82.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 379,470 shares of company stock valued at $77,216,415 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

Chevron Trading Up 0.2%

Shares of NYSE:CVX opened at $211.15 on Wednesday. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $236.48. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $215.19 and its 200 day simple moving average is $194.85. The firm has a market cap of $414.99 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.49 and a beta of 0.47.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.87 by $0.41. The business had revenue of $65.24 billion for the quarter, compared to analysts’ expectations of $61.82 billion. Chevron had a net margin of 11.56% and a return on equity of 14.49%. The firm’s revenue was up 36.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 EPS. As a group, research analysts forecast that Chevron Corporation will post 18.56 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. Chevron’s dividend payout ratio (DPR) is currently 52.08%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is selling QatarEnergy a 25% stake in its PEL82 offshore exploration license in Namibia. The deal shares exploration costs while Chevron retains control and exposure to potential discoveries. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Positive Sentiment: Chevron is pursuing a $13.8 billion expansion in Argentina’s Vaca Muerta shale formation, aiming to triple its output there by 2035. Applying Permian expertise could support growth, though the plan faces high costs and pipeline constraints. Can Chevron’s $13.8B Vaca Muerta Bet Fuel Long-Term Growth?
• Neutral Sentiment: Chevron plans to double production in Venezuela, offering potential volume growth but exposing the company to political and investment risks. The article notes ExxonMobil’s reluctance to return after past asset seizures and flags uncertainty around long-term oil demand. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.
• Negative Sentiment: Oil prices fell to their lowest since August after President Trump said the Iran war was effectively over. Lower crude prices can weigh on Chevron’s earnings outlook; however, the report says there was no signed deal and Iran denied talks, leaving the situation uncertain. Oil Prices Just Fell to Their Lowest Since August

Analyst Ratings Changes

Several equities research analysts have issued reports on CVX shares. Barclays increased their price target on Chevron from $208.00 to $244.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Jefferies Financial Group lifted their price objective on Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a report on Monday, August 17th. Weiss Ratings lowered Chevron from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Finally, BNP Paribas Exane lowered their target price on Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.88.

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.