Moody National Bank Trust Division Cuts Stock Position in Chevron Corporation $CVX

Key Points

• Moody National Bank Trust Division cut its Chevron stake by 21%, selling 5,239 shares in Q4 and holding 19,655 shares valued at about $2.996 million per its latest 13F filing.
• Significant insider selling: CEO Michael Wirth and Vice Chairman Mark Nelson sold 320,700 and 139,600 shares respectively, and insiders sold 1,099,397 shares worth $196.2 million last quarter, leaving insider ownership at about 0.21%.
• Mixed analyst backdrop and dividend change: the consensus rating is "Hold" with a $184.77 target despite upgrades (Piper Sandler raised its target to $242), and Chevron raised its quarterly dividend to $1.78 (a 3.5% yield) while the payout ratio sits around 107%.

Moody National Bank Trust Division lessened its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,655 shares of the oil and gas company's stock after selling 5,239 shares during the quarter. Moody National Bank Trust Division's holdings in Chevron were worth $2,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. purchased a new position in shares of Chevron in the 3rd quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC grew its position in Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 118 shares during the last quarter. Marquette Asset Management LLC acquired a new position in Chevron during the 3rd quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock worth $42,000 after buying an additional 202 shares during the last quarter. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Chevron during the second quarter worth $49,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CVX shares. Piper Sandler lifted their price target on Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. Sanford C. Bernstein raised their target price on shares of Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a report on Monday, January 5th. Melius Research raised Chevron from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a report on Tuesday, February 17th. BMO Capital Markets reiterated an "outperform" rating and issued a $190.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of "Hold" and a consensus price target of $184.77.

Chevron Stock Performance

NYSE CVX opened at $204.92 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock's fifty day moving average is $183.79 and its two-hundred day moving average is $164.44. The firm has a market capitalization of $408.89 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $209.79.

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, topping analysts' consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period last year, the company earned $2.06 EPS. The company's revenue for the quarter was down 10.2% on a year-over-year basis. On average, research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $1.78 dividend. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron's dividend payout ratio (DPR) is currently 106.91%.

Insiders Place Their Bets

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the sale, the insider directly owned 11,337 shares of the company's stock, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of the business's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares in the company, valued at $2,355,205.50. This trade represents a 95.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.21% of the stock is owned by company insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron struck a crude offtake agreement with Sable Offshore to secure additional U.S. West Coast supply, which helps feed California refineries at a time of tight global markets and supports refining/upstream margins. Chevron’s Sable Offshore Deal Adds West Coast Supply And Risk Considerations
• Positive Sentiment: An analyst upgrade earlier this week lifted the stock and reflects rising analyst confidence and higher price targets amid the oil rally—a near‑term bullish catalyst for CVX. Chevron NYSE: CVX Stock Price Up 1.7% Following Analyst Upgrade
• Positive Sentiment: Energy peers and commodity moves have pushed Big Oil higher; market commentary highlights Chevron as a beneficiary of tighter supply and growing crack spreads, supporting investor appetite for CVX and its dividend. Energy Stocks Surge on Oil Spike: Buy, Hold, or Take Profits?
• Neutral Sentiment: Board governance updated — Chevron’s board approved amended bylaws following the Hess acquisition; routine corporate housekeeping that smooths integration but is unlikely to move the stock materially on its own. Chevron Updates Board Bylaws Following Hess Acquisition
• Neutral Sentiment: Oil prices pulled back on signs of diplomatic de‑escalation, creating short‑term volatility; the pullback tempers immediate upside but leaves medium‑term upside if geopolitical risks re‑escalate. Oil Eases on De‑Escalation Buzz but Risks Persist
• Negative Sentiment: A new federal bill (S.4111) proposing a 50% windfall‑profits excise tax on large crude producers names Chevron specifically and, if it advances, could hit margins and cashflow—a meaningful legislative risk for CVX. New Bill: S.4111 Big Oil Windfall Profits Tax Act
• Negative Sentiment: Chevron and executives are warning of a looming California fuel crisis as imports slow and policy/operational headwinds tighten regional supply—this raises short‑term operational risk and potential margin pressure for West‑Coast operations. Chevron Raises Alarm Over California Energy Crisis as Imports Slow
• Negative Sentiment: Continued Strait of Hormuz disruption (including new transit fees and shipping risk) keeps physical oil spreads elevated and logistic costs higher—a backdrop that increases volatility and costs for global producers like Chevron. Iran Imposes Up to $2M Transit Fees on Ships in Strait of Hormuz

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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