Boston Trust Walden Corp Sells 10,630 Shares of Chevron Corporation $CVX

Key Points

• Boston Trust Walden Corp cut its Chevron stake by 9.1% in the first quarter, selling 10,630 shares and leaving it with 106,428 shares valued at about $22.0 million.
• Chevron reported Q1 EPS of $1.41, topping analyst estimates of $1.00, though revenue of $47.56 billion came in below expectations. The company also paid a quarterly dividend of $1.78 per share, implying a 4.2% annualized yield.
• Analyst sentiment remains broadly positive: Wolfe Research upgraded Chevron to Outperform, RBC reaffirmed a Buy rating, and the stock has a consensus rating of Moderate Buy with an average price target of $205.71.

Boston Trust Walden Corp trimmed its position in Chevron Corporation (NYSE:CVX - Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,428 shares of the oil and gas company's stock after selling 10,630 shares during the quarter. Boston Trust Walden Corp's holdings in Chevron were worth $22,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in Chevron in the first quarter valued at about $25,000. Core Wealth Advisors LLC bought a new position in Chevron in the fourth quarter worth about $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron during the fourth quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in Chevron in the fourth quarter valued at approximately $27,000. Finally, Karpus Management Inc. acquired a new position in shares of Chevron during the fourth quarter valued at about $27,000. Institutional investors own 72.42% of the company's stock.

Chevron Price Performance

Shares of NYSE CVX opened at $169.06 on Friday. The stock's 50-day moving average is $183.31 and its two-hundred day moving average is $180.40. The company has a market cap of $336.71 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.50. Chevron Corporation has a 1-year low of $145.58 and a 1-year high of $214.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same period in the previous year, the business posted $2.18 earnings per share. Chevron's quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that Chevron Corporation will post 15.52 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, May 19th. Chevron's payout ratio is 123.40%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wolfe Research upgraded Chevron to Outperform, saying the recent pullback has created an attractive entry point and that Chevron’s long-term free cash flow outlook is stronger than the market is pricing in. Wolfe Research upgrades Chevron to Outperform on strong cash flow outlook
• Positive Sentiment: RBC Capital also reaffirmed its Buy rating on Chevron, adding to the positive analyst tone around the stock. RBC Capital Reaffirms Their Buy Rating on Chevron (CVX)
• Neutral Sentiment: Several market updates highlighted Chevron’s strong cash generation, solid returns, and ongoing investor interest, while noting the stock may be near fair value rather than deeply discounted. Chevron (CVX) Stock Looks Near Fair Value With Strong Returns But Rich Earnings
• Neutral Sentiment: Chevron remains in focus ahead of its second-quarter earnings conference call later this month, which could become the next major catalyst for the shares. Advisory: Chevron Corporation's 2Q 2026 Earnings Conference Call and Webcast
• Negative Sentiment: A New York Post report said President Trump is pressuring Big Oil to lower gas prices ahead of the midterm elections, which could raise concerns about margin pressure or political scrutiny for Chevron and peers. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

Insider Activity

In related news, Director John B. Hess sold 380,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the transaction, the director directly owned 278,045 shares of the company's stock, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of research analyst reports. Barclays raised their target price on Chevron from $192.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 26th. Mizuho raised their target price on shares of Chevron from $225.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, May 27th. Morgan Stanley decreased their target price on shares of Chevron from $214.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday, June 29th. BNP Paribas Exane raised shares of Chevron from a "neutral" rating to an "outperform" rating and set a $174.00 price target on the stock in a report on Friday, April 17th. Finally, Scotiabank increased their price target on Chevron from $168.00 to $187.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chevron has an average rating of "Moderate Buy" and a consensus price target of $205.71.

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.

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