Wilmington Savings Fund Society FSB Trims Stake in Chevron Corporation $CVX

Key Points

• Wilmington Savings Fund Society FSB trimmed its stake in Chevron by 19.3% in Q3, selling 27,902 shares and leaving it with 116,828 shares valued at about $18.14 million.
• Company insiders have been net sellers—1,099,397 shares worth roughly $196.2 million were sold in the past three months, including CEO Michael K. Wirth (272,624 shares) and R. Hewitt Pate (47,200), leaving insiders with just 0.20% ownership.
• Chevron raised its quarterly dividend to $1.78 ($7.12 annualized, yield 3.6%), extending a 39‑year dividend growth streak, though the payout ratio stands high at 106.91%.

Wilmington Savings Fund Society FSB cut its position in Chevron Corporation (NYSE:CVX - Free Report) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,828 shares of the oil and gas company's stock after selling 27,902 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Chevron were worth $18,142,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Asset Dedication LLC lifted its stake in Chevron by 1.6% in the third quarter. Asset Dedication LLC now owns 14,964 shares of the oil and gas company's stock valued at $2,324,000 after buying an additional 234 shares during the last quarter. Caerus Investment Advisors LLC acquired a new stake in shares of Chevron in the third quarter valued at approximately $783,000. First Commonwealth Financial Corp PA grew its position in shares of Chevron by 11.4% during the third quarter. First Commonwealth Financial Corp PA now owns 9,254 shares of the oil and gas company's stock worth $1,437,000 after acquiring an additional 950 shares during the last quarter. Auxier Asset Management LLC grew its position in shares of Chevron by 0.4% during the third quarter. Auxier Asset Management LLC now owns 26,195 shares of the oil and gas company's stock worth $4,068,000 after acquiring an additional 94 shares during the last quarter. Finally, UP Strategic Wealth Investment Advisors LLC increased its holdings in shares of Chevron by 31.2% in the 3rd quarter. UP Strategic Wealth Investment Advisors LLC now owns 2,342 shares of the oil and gas company's stock valued at $356,000 after acquiring an additional 557 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Potential Venezuela deal — Chevron is reportedly working on a production agreement in Venezuela that could materially boost long‑term oil output and growth if finalized; this is being viewed as a major upside catalyst for future cash flow. Could an Oil Deal in Venezuela Boost Chevron's Stock?
• Positive Sentiment: Bullish analyst attention — a Barclays‑linked note published projects strong price appreciation for CVX, signaling institutional conviction that the shares can outperform on fundamentals and cash returns. Barclays Forecasts Strong Price Appreciation for Chevron NYSE: CVX Stock
• Positive Sentiment: Mizuho upgrade/target raise — Mizuho raised its price target to $217 and set an “outperform” view, highlighting perceived upside from current levels and supporting near‑term investor sentiment. Benzinga: Mizuho price target raise
• Positive Sentiment: Brazil expansion — Chevron is in advanced talks to buy a ~30% stake in Ultrapar’s Ipiranga retail/fuels unit, which would deepen its distribution footprint in a growth market and diversify downstream earnings. Chevron in Advanced Negotiations to Buy 30% Stake in Ipiranga
• Positive Sentiment: Aphrodite gas progress — Chevron awarded a FEED contract for Cyprus’ Aphrodite gas field, advancing a development that could add LNG/gas optionality and longer‑dated production upside. Chevron Advances Cyprus' Aphrodite Gas Field Development
• Neutral Sentiment: Dividend credibility — Chevron extended its 39‑year dividend growth streak and remains included in dividend funds, supporting investor income expectations even as the company navigates settlement issues and geopolitical warnings. Is Chevron Balancing Dividend Strength With Rising Geopolitical Risk In Its Energy Strategy?
• Negative Sentiment: Mixed analyst signals — Barclays also published an “equal weight” view with a lower $180 target in mid‑March, implying limited upside or modest downside from current levels and adding some analyst ambivalence. Benzinga: Barclays price target update
• Negative Sentiment: Geopolitical risk & market caution — oil executives are warning of greater volatility amid Middle East tensions and doubts about security for shipping through the Strait of Hormuz; higher oil can help earnings but increases short‑term risk to operations and refining margins. Market Chatter: Oil Executives Caution Volatility
• Negative Sentiment: Reputational/legal scrutiny — WSJ reporting on past dealings involving an ex‑Chevron executive highlights potential reputational risk that could draw regulatory or PR attention. Takeaways From WSJ Reporting on the CIA's Dealings With an Ex-Chevron Executive

Chevron Stock Performance

Shares of CVX opened at $197.97 on Wednesday. The stock has a market capitalization of $395.02 billion, a P/E ratio of 29.73, a P/E/G ratio of 1.82 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $200.58. The company's fifty day moving average is $178.82 and its two-hundred day moving average is $162.60.

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

Chevron Increases Dividend

The company 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 an increase from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. Chevron's payout ratio is 106.91%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Bank of America upped their price target on shares of Chevron from $188.00 to $206.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Freedom Capital lowered shares of Chevron from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 6th. Scotiabank reaffirmed a "sector perform" rating and issued a $168.00 target price on shares of Chevron in a report on Friday, January 16th. UBS Group reiterated a "buy" rating and set a $212.00 target price on shares of Chevron in a research note on Monday, February 2nd. Finally, BMO Capital Markets reissued an "outperform" rating and set a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Chevron has a consensus rating of "Hold" and a consensus target price of $183.18.

Insider Buying and Selling

In other Chevron news, insider R. Hewitt Pate sold 47,200 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the transaction, the insider owned 8,558 shares in the company, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company's stock, valued at approximately $5,920,217.10. This trade represents a 89.71% 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. Company insiders own 0.20% of the company's stock.

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.

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.