Chevron Corporation $CVX Shares Bought by Citizens National Bank Trust Department

Citizens National Bank Trust Department boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,199 shares of the oil and gas company’s stock after purchasing an additional 4,310 shares during the period. Chevron makes up about 1.6% of Citizens National Bank Trust Department’s portfolio, making the stock its 15th biggest position. Citizens National Bank Trust Department’s holdings in Chevron were worth $8,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CVX. Berkshire Hathaway Inc grew its holdings in shares of 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 valued at $17,478,458,000 after buying an additional 3,454,258 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its stake in Chevron by 652,139.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock valued at $13,214,757,000 after purchasing an additional 83,702,101 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $4,979,255,000 after purchasing an additional 1,342,723 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Chevron by 1.9% in the second 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 purchasing an additional 378,936 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Chevron in the second quarter worth about $2,721,477,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of NYSE CVX opened at $159.27 on Friday. The company has a market capitalization of $320.70 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 9.72 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The company’s fifty day moving average price is $152.22 and its 200 day moving average price is $153.31. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter in the prior year, the firm posted $2.48 earnings per share. The company’s revenue was down 1.9% compared to the same quarter last year. On average, research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction 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 transaction, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 631,990 shares of company stock valued at $99,716,808 over the last ninety days. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CVX has been the topic of several research reports. Citigroup cut their price target on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a report on Monday. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Mizuho raised their target price on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. HSBC set a $169.00 price target on shares of Chevron and gave the company a “buy” rating in a report on Monday, December 1st. Finally, Wells Fargo & Company lifted their price objective on Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $167.14.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third-party sales — a direct path to increased volumes and earnings if approved. Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say
• Positive Sentiment: Shipping data indicate Chevron is loading Venezuelan crude at the fastest pace in months and has contracted multiple tankers — evidence it can scale flows quickly if the license expands. Chevron Is Loading Venezuela Oil Onto Tankers at the Fastest Pace in Months
• Positive Sentiment: Chevron will meet with President Trump alongside other majors to discuss rebuilding Venezuela’s oil sector — a sign of potential political support that could unlock investment opportunities. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Positive Sentiment: Reports say Chevron and Quantum Energy Partners are lining up a bid for $22B of Lukoil’s international assets — a potential reserve/production lift and strategic international expansion. Chevron, Quantum Energy Partners line up bid for Lukoil assets
• Neutral Sentiment: Chevron is competing with traders and refiners for Venezuelan export deals — shows demand but also that margins and allocation could be contested. Chevron competes with rivals for Venezuelan oil sales, sources say
• Neutral Sentiment: U.S. Treasury commentary and FT reporting suggest the biggest oil firms may move cautiously and seek guarantees before big Venezuela investments — a timing/conditionality factor for upside. Bessent says largest oil companies are likely to move slower in Venezuela
• Neutral Sentiment: Increased retail/investor interest in energy is supporting momentum into names like Chevron, adding liquidity and short-term buying pressure. Retail traders move toward energy as momentum continues (CNBC)
• Negative Sentiment: Large insider sales disclosed (including CEO and CFO filings and other senior sales) may be interpreted as a negative signal or create near‑term selling pressure. SEC Form 4 filings — insider sales
• Negative Sentiment: An analyst trimmed CVX’s price target, reflecting some recalibration of upside after the run-up. Analyst trims Chevron price target to $179
• Negative Sentiment: Heightened political and reputational risk — public criticism from lawmakers and scrutiny over U.S. plans for Venezuela — raises regulatory and execution uncertainty. Elizabeth Warren comments on Venezuela plan

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.