Stock Yards Bank & Trust Co. Sells 9,397 Shares of Chevron Corporation $CVX

Stock Yards Bank & Trust Co. trimmed its position in Chevron Corporation (NYSE:CVX) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,095 shares of the oil and gas company’s stock after selling 9,397 shares during the quarter. Chevron makes up 1.3% of Stock Yards Bank & Trust Co.’s portfolio, making the stock its 22nd biggest position. Stock Yards Bank & Trust Co.’s holdings in Chevron were worth $42,409,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CVX. Quaker Wealth Management LLC boosted its stake in Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Chevron during the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 118 shares during the last quarter. Marquette Asset Management LLC bought a new stake in shares of Chevron in the 3rd quarter valued at about $41,000. Finally, IMG Wealth Management Inc. grew its holdings in Chevron by 52.3% during the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 91 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 275,000 shares of the 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 in the company, valued at $170,052,783.75. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. The trade was a 86.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 635,190 shares of company stock worth $100,254,408 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is moving to finalize the sale of its Singapore refining and distribution assets in Q1, in late-stage talks with Eneos and Glencore — a deal that would raise cash, shrink downstream exposure in Asia and simplify the company’s portfolio. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Positive Sentiment: J.P. Morgan upgraded Chevron to overweight with a higher price target, signaling institutional buy-side interest that can support near-term demand for the stock. Chevron and Suncor upgraded, ConocoPhillips and Cenovus cut at J.P. Morgan
• Positive Sentiment: Jefferies raised its Chevron price target (reported commentary) and analysts generally remain constructive on CVX into earnings season — supportive for longer-term sentiment and dividend-focused investors. Analysts Stay Positive on Chevron (CVX) Despite Challenges
• Neutral Sentiment: Reports say Turkey’s national oil company is in talks with Chevron about joint exploration — a potential new opportunity but still early-stage and speculative for near-term revenue or production impact. Turkish Petroleum in talks with Chevron for joint oil and gas exploration, Bloomberg News reports
• Neutral Sentiment: Smaller-industry activity: Sintana secured an option on an offshore block in Namibia near a Chevron well — highlights interest in the basin but has limited direct impact on Chevron today. Sintana secures exclusive option over Namibian offshore block near Chevron well
• Neutral Sentiment: Public scrutiny piece: disclosures show a Senator bought Chevron shares before a U.S. operation related to Venezuela — a political optics story that has attracted attention but is not a company operational update. Sen. Markwayne Mullin Bought Chevron and Raytheon Stock Days Before U.S. Venezuela Operation
• Negative Sentiment: A Wall Street Journal feature outlines Chevron’s dilemma in Venezuela — the company is exposed to political and sanction risks there and is cautious about major near-term investments, a factor that can cap upside and increase volatility tied to geopolitics. Chevron’s Dilemma in Venezuela: Support Trump’s Vision Without Losing Money

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CVX shares. Bank of America lowered their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Morgan Stanley upped their price target on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Citigroup cut their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $168.61.

Chevron Trading Down 0.6%

CVX stock opened at $165.29 on Wednesday. The stock has a market cap of $332.82 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70. The company has a fifty day moving average price of $153.86 and a two-hundred day moving average price of $154.51. Chevron Corporation has a one year low of $132.04 and a one year high of $169.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. During the same period last year, the business posted $2.48 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s dividend payout ratio is currently 96.20%.

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.