Adirondack Trust Co. Sells 2,271 Shares of Chevron Corporation $CVX

Adirondack Trust Co. trimmed its stake in shares of Chevron Corporation (NYSE:CVX) by 15.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,636 shares of the oil and gas company’s stock after selling 2,271 shares during the period. Adirondack Trust Co.’s holdings in Chevron were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. State Street Corp grew its position in Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after purchasing an additional 5,998,852 shares during the period. BlackRock Inc. purchased a new stake in Chevron during the 2nd quarter valued at $25,663,729,000. Berkshire Hathaway Inc raised its stake in Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares during the last quarter. Bank of America Corp DE raised its stake in Chevron by 5.1% during the 1st quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock valued at $5,716,694,000 after buying an additional 1,334,976 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Chevron by 1.5% during the 4th quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company’s stock valued at $2,609,194,000 after buying an additional 254,323 shares during the period. Institutional investors own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: An analyst upgrade helped support Chevron’s recent advance, reinforcing bullish sentiment around its earnings outlook and integrated energy model. Chevron Stock Jumps After Analyst Upgrade
• Positive Sentiment: Chevron is investing in Venezuela’s oil revival alongside BP and Halliburton. Increased production could provide a long-term growth opportunity as the United States seeks additional supply amid geopolitical disruptions. Venezuela Oil Revival
• Positive Sentiment: Chevron is restoring Gulf of Mexico operations after Hurricane Isaias, with facilities reportedly avoiding significant damage. A quick restart limits the risk of prolonged production losses. Chevron and Shell Gulf Production Recovery
• Positive Sentiment: Chevron’s technical expertise contributed to the first commercial gas production from Australia’s Beetaloo Basin, potentially strengthening future LNG supply and international growth. Beetaloo Gas Development
• Positive Sentiment: Erste Group raised its Chevron EPS forecasts for fiscal 2026 and 2027, while Zacks included CVX on its highest-rated income-stock list. Chevron’s diversified, integrated operations are also viewed as supportive of dividend resilience during oil-price downturns. Chevron Earnings Estimates

Chevron Stock Performance

CVX traded up $4.17 during trading on Wednesday, hitting $221.90. The company’s stock had a trading volume of 4,382,681 shares, compared to its average volume of 10,421,020. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a one year low of $146.49 and a one year high of $222.09. The firm has a market cap of $438.43 billion, a PE ratio of 21.29, a P/E/G ratio of 0.60 and a beta of 0.53. The business’s 50 day simple moving average is $205.49 and its 200-day simple moving average is $193.13.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter last year, the company posted $1.77 EPS. The company’s revenue was up 57.4% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Corporation will post 17.43 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.

Insider Buying and Selling

In related news, insider R. Pate sold 2,470 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider directly owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Hess sold 710,665 shares of Chevron stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last 90 days. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Dbs Bank raised Chevron to a “moderate buy” rating in a report on Thursday, August 6th. BNP Paribas Exane cut their price objective on Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 17th. HSBC set a $90.00 price objective on Chevron in a research report on Friday, September 25th. Royal Bank Of Canada upped their price objective on Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. Finally, Piper Sandler increased their target price on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $213.08.

Chevron Profile

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.