Mechanics Bank Trust Department Sells 7,828 Shares of Chevron Corporation $CVX

Mechanics Bank Trust Department reduced its holdings in Chevron Corporation (NYSE:CVX) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,772 shares of the oil and gas company’s stock after selling 7,828 shares during the period. Chevron accounts for about 1.0% of Mechanics Bank Trust Department’s portfolio, making the stock its 28th largest holding. Mechanics Bank Trust Department’s holdings in Chevron were worth $6,953,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CVX. Quaker Wealth Management LLC boosted its position in Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 439 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the last quarter. IMG Wealth Management Inc. raised its stake in shares of Chevron by 52.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 91 shares in the last quarter. GFG Capital LLC acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $42,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in shares of Chevron by 106.7% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 160 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chevron

In related news, 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 transaction of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Chevron Price Performance

Shares of CVX opened at $163.84 on Tuesday. The company’s 50-day moving average is $152.05 and its 200-day moving average is $153.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market capitalization of $329.90 billion, a PE ratio of 23.04, a PEG ratio of 9.76 and a beta of 0.70. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The business 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%. Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 EPS. Equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.2%. Chevron’s dividend payout ratio (DPR) is 96.20%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Citigroup decreased their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research report on Monday. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $166.90.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. intervention and White House statements raising the prospect of renewed U.S. access to Venezuelan oil have pushed Chevron into a favored position as the only major U.S. operator still active there. The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff
• Positive Sentiment: Chevron already runs projects and exports from Venezuela and owns Gulf Coast refining capacity well suited to heavy, sour Venezuelan crude — a strategic integration advantage if flows resume. Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage
• Positive Sentiment: Market action: heavy call‑option buying and sharp premarket/intraday buying in oil names lifted Chevron and contributed to broader gains (helping the Dow reach record levels). Chevron, US refiners’ shares surge after Trump’s move toward Venezuela oil
• Neutral Sentiment: Some analysts remain constructive but cautious — Citigroup trimmed its price target (keeps a Buy) and broader street ratings are mixed; the rally has attracted both buy recommendations and “wait for consolidation” notes.
• Negative Sentiment: Significant execution risk and timelines: rebuilding Venezuela’s dilapidated oil infrastructure will take years and billions, so any revenue/earnings upside is likely long‑dated. The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff
• Negative Sentiment: Policy/coordination uncertainty: reports say the administration didn’t consult majors before the operation, leaving questions about contracts, timing and legal/regulatory frameworks for U.S. companies. Trump administration has not consulted US oil majors about Venezuela, oil execs say
• Negative Sentiment: Technicals and economics: some technical indicators show the move is overbought and crude prices remain below levels that would meaningfully boost near‑term margins, increasing risk of a pullback.

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.