Rockland Trust Co. Sells 2,701 Shares of Chevron Corporation $CVX

Rockland Trust Co. lessened its holdings in Chevron Corporation (NYSE:CVX) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,529 shares of the oil and gas company’s stock after selling 2,701 shares during the quarter. Rockland Trust Co.’s holdings in Chevron were worth $7,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CVX. Foster & Motley Inc. boosted its holdings in Chevron by 2.7% in the fourth quarter. Foster & Motley Inc. now owns 37,674 shares of the oil and gas company’s stock worth $5,742,000 after acquiring an additional 991 shares in the last quarter. Hofer & Associates. Inc grew its stake in shares of Chevron by 7.7% in the fourth quarter. Hofer & Associates. Inc now owns 1,912 shares of the oil and gas company’s stock worth $291,000 after acquiring an additional 136 shares during the last quarter. Royal Fund Management LLC increased its holdings in shares of Chevron by 19.3% during the fourth quarter. Royal Fund Management LLC now owns 22,563 shares of the oil and gas company’s stock valued at $3,439,000 after acquiring an additional 3,647 shares in the last quarter. Lewis Asset Management LLC increased its holdings in shares of Chevron by 1.3% during the fourth quarter. Lewis Asset Management LLC now owns 11,980 shares of the oil and gas company’s stock valued at $1,826,000 after acquiring an additional 149 shares in the last quarter. Finally, Rochester Wealth Strategies LLC raised its position in shares of Chevron by 439.5% in the 4th quarter. Rochester Wealth Strategies LLC now owns 7,871 shares of the oil and gas company’s stock worth $1,200,000 after purchasing an additional 6,412 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In other Chevron news, 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 value of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. The trade was a 87.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,099,397 shares of company stock worth $196,196,468 in the last three months. 0.20% of the stock is currently owned by company insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil and gas prices improves near‑term revenue/cash flow potential for integrated producers like Chevron; markets closed March with a historic monthly oil-price surge. Oil Prices Post Biggest Monthly Surge in History
• Positive Sentiment: Chevron announced a partnership with Libya’s National Oil Corporation to assess offshore exploration, which could unlock reserves and future production upside. Chevron Partners With Libya’s NOC to Unlock Offshore Potential
• Positive Sentiment: Microsoft is reportedly in talks with Chevron and Engine No. 1 about a roughly $7 billion Texas power plant project — this signals Chevron’s involvement in large-scale power/energy-transition infrastructure and potential new revenue streams. Microsoft in talks with Chevron, Engine No. 1 about $7B Texas power plant – Bloomberg
• Positive Sentiment: Wall Street interest and analyst support remain; J.P. Morgan and other coverage highlight Chevron’s strong cash‑flow profile (Tengizchevroil ramp-up), and Berkshire Hathaway remains a large shareholder — factors that support investor demand. Chevron: Leveraging Tengizchevroil’s Ramp-Up and Long-Lived Franchise Strength…
• Neutral Sentiment: Chevron announced senior leadership changes framed as operational and safety-focused; these typically matter more for long-term execution than for immediate stock moves. Chevron Announces Senior Leadership Changes
• Neutral Sentiment: There are bullish commentary pieces suggesting momentum and buy-the-dip interest, but these are sentiment/analysis items rather than company-specific catalysts. Oil Prices Are Near Multiyear Highs. Here’s the Best Energy Stock to Buy With $1,000.
• Negative Sentiment: Wheatstone LNG downstream assets in Western Australia suffered extensive cyclone damage; Chevron says the facility will be offline for a number of weeks — lost volumes, repair costs and operational uncertainty are near-term negatives for earnings and cash flow. Chevron’s downstream assets at Wheatstone gas facility suffer extensive damage due to cyclone
• Negative Sentiment: Chevron warned it may be forced to close California gas plants within a decade under current state policy — a regulatory risk that could reduce refining and power assets in a key domestic market. ‘We Won’t Be Able To Make It’ — After 140 Years In California, Chevron May Have To Close Its Gas Plants

Chevron Trading Down 1.9%

Chevron stock opened at $206.81 on Wednesday. Chevron Corporation has a one year low of $132.04 and a one year high of $214.71. The business’s fifty day moving average is $187.24 and its 200 day moving average is $165.98. The stock has a market capitalization of $412.67 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.67 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 EPS. On average, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CVX. Jefferies Financial Group upped their price target on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Mizuho lifted their target price on shares of Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Morgan Stanley upped their target price on shares of Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Finally, Scotiabank raised shares of Chevron to a “hold” rating in a research report on Friday, March 27th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Chevron has an average rating of “Hold” and a consensus price target of $186.50.

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.