Culbertson A N & Co. Inc. Has $10.37 Million Stock Position in Chevron Corporation $CVX

Culbertson A N & Co. Inc. grew its position in Chevron Corporation (NYSE:CVX) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 68,053 shares of the oil and gas company’s stock after purchasing an additional 2,615 shares during the period. Chevron comprises approximately 1.4% of Culbertson A N & Co. Inc.’s holdings, making the stock its 19th largest holding. Culbertson A N & Co. Inc.’s holdings in Chevron were worth $10,372,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CVX. United Bank boosted its holdings in shares of Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. boosted its holdings in shares of Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Chevron by 1.9% during the second quarter. Gamco Investors INC. ET AL now owns 24,271 shares of the oil and gas company’s stock worth $3,475,000 after purchasing an additional 455 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Chevron by 33.2% during the second quarter. Bank of Nova Scotia now owns 271,443 shares of the oil and gas company’s stock worth $38,868,000 after purchasing an additional 67,641 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Chevron by 1.8% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 5,614 shares of the oil and gas company’s stock worth $804,000 after purchasing an additional 98 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at approximately $1,614,466.70. This represents a 87.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 782,607 shares of company stock valued at $146,510,571. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on CVX shares. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Sanford C. Bernstein raised their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Mizuho raised their price target on shares of Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Bank of America raised their price target on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.64.

Chevron Price Performance

Shares of CVX opened at $201.37 on Wednesday. The firm has a market cap of $401.82 billion, a PE ratio of 30.24, a PEG ratio of 1.66 and a beta of 0.60. The firm’s 50 day moving average price is $190.43 and its 200 day moving average price is $167.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 earnings per share. As a group, research analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron’s payout ratio is 106.91%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical supply shock: U.S. strikes and rising Iran/Hormuz tensions pushed Brent/WTI above $110, lifting integrated majors like Chevron because higher crude prices directly boost upstream earnings and cash flow. US Strikes Iran’s Kharg Island as Hormuz Deadline Nears; Oil Surges Above $110
• Positive Sentiment: Sector and analyst tailwind: MarketBeat’s XLE piece highlights accelerating energy earnings, analyst price‑target increases, and institutional accumulation; Chevron is a top XLE holding, so sector flows and higher forecasts are supporting CVX. XLE ETF Hits Peak: What Comes Next May Surprise You
• Positive Sentiment: Bullish research and momentum rankings: Zacks published bullish takes on CVX (calls it a top long‑term stock and added it to Strong Buy/momentum and income lists), which helps retail and quant flows. Chevron (CVX) Laps the Stock Market: Here’s Why Why Chevron (CVX) is a Top Stock for the Long-Term
• Neutral Sentiment: Operational update — Chevron resumed Leviathan gas production offshore Israel; this restores volumes and supports midstream/upstream returns but is incremental to the big oil‑price move. Chevron resumes Leviathan gas production offshore Israel
• Neutral Sentiment: Earnings context: Recent quarterly results showed an EPS beat but a revenue miss and some margin pressure — a mixed fundamental read that keeps investors focused on cash flow and capital returns rather than top‑line growth.
• Negative Sentiment: Supply response risk: Higher prices are prompting U.S. shale drillers to plan output increases; rising U.S. production would act as a cap on sustained price gains, which could blunt Chevron’s upstream benefit over time. US Shale Drillers Seen Lifting Crude Output on Hormuz-Driven Price Rally
• Negative Sentiment: Inventory and structural risk: Analysis warning that markets are leaning on pre‑war stockpiles implies volatility ahead when buffers draw down — a tail risk that could reverse energy gains if supply normalizes or demand softens. The World Is Still Running on Pre-War Oil Stockpiles

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.