Coastline Trust Co Has $2.94 Million Holdings in Chevron Corporation $CVX

Key Points

• Coastline Trust Co boosted its stake in Chevron (CVX) by 46.2% in Q4, owning 19,302 shares after adding 6,096 shares, valued at about $2.94 million.
• Analyst coverage is mixed—14 Buys, 6 Holds and 4 Sells—with a MarketBeat consensus rating of "Hold" and a consensus price target of $184.77.
• Insiders have been net sellers, offloading roughly 1,099,397 shares worth $196.2 million over the last 90 days (including big sales by the Vice Chairman and CFO), while Chevron raised its quarterly dividend to $1.78 ($7.12 annual, ~3.5% yield).

Coastline Trust Co boosted its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 46.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,302 shares of the oil and gas company's stock after purchasing an additional 6,096 shares during the quarter. Coastline Trust Co's holdings in Chevron were worth $2,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Decker Retirement Planning Inc. bought a new stake in Chevron in the 3rd quarter valued at $34,000. Vermillion & White Wealth Management Group LLC boosted 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 purchasing an additional 118 shares during the last quarter. Marquette Asset Management LLC bought a new position in Chevron in the third quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock valued at $42,000 after acquiring an additional 202 shares during the period. Finally, Traub Capital Management LLC bought a new position in Chevron during the 2nd quarter worth approximately $46,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CVX has been the subject of several research analyst reports. Melius Research upgraded Chevron from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Tuesday, February 17th. Freedom Capital lowered shares of Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Barclays upped their price target on shares of Chevron from $172.00 to $180.00 and gave the company an "equal weight" rating in a report on Monday, March 16th. Scotiabank reissued a "sector perform" rating and set a $168.00 price objective on shares of Chevron in a research report on Friday, January 16th. Finally, Citigroup lifted their price target on Chevron from $179.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $184.77.

Chevron Stock Performance

Shares of CVX opened at $201.73 on Friday. The company has a market cap of $402.53 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.86 and a beta of 0.67. The firm has a 50-day moving average of $181.32 and a 200-day moving average of $163.40. Chevron Corporation has a one year low of $132.04 and a one year high of $205.08. 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 - Get Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron's revenue was down 10.2% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. As a group, equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio is presently 106.91%.

Insiders Place Their Bets

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction dated 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 directly owned 11,337 shares of the company's stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the sale, the chief financial officer directly owned 4,366 shares of the company's stock, valued at $764,093.66. The trade was a 88.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,099,397 shares of company stock valued at $196,196,468 over the last 90 days. 0.21% of the stock is owned by insiders.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s market capitalization topped $400 billion for the first time as the crude rally lifted energy peers and investor appetite for large integrated oil names. Chevron (CVX) Stock Breaks Into Elite $400B Club Amid Oil Price Rally
• Positive Sentiment: HSBC upgraded CVX from Hold to Buy and set a $215 target, signaling analyst conviction that the stock has further upside as oil stays elevated. HSBC upgrade to Buy
• Positive Sentiment: Major business press notes Chevron’s rise into the top-20 U.S. companies by market value, reinforcing momentum and institutional interest in the name. Chevron Jumps Into Top 20 Most Valuable U.S. Companies
• Positive Sentiment: Analyst/market commentaries and YTD performance write-ups highlight strong gains (CVX up materially this year) driven by geopolitical support for oil prices and Chevron’s growth projects—these narratives help attract momentum flows. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Mizuho and other broker notes (coverage upgrades / bullish price forecasts) and inclusion in “best energy stocks” pieces amplify buy-side interest and argue for continued upside if commodity strength persists. Mizuho Forecasts Strong Price Appreciation for Chevron NYSE: CVX Stock
• Neutral Sentiment: Comparative analyst pieces (e.g., Zacks on Chevron vs. Suncor) note Chevron’s diversification and Guyana growth but weigh that against peer cost actions—useful context but not an immediate catalyst. Chevron vs. Suncor: Which Energy Stock Wins at 52-Week Highs?
• Neutral Sentiment: Chevron Technology Ventures led a small strategic investment in robotics firm KEWAZO—positioning for operational efficiencies but not a near-term earnings driver. Chevron Technology Ventures Invests in KEWAZO

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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