Chevron Corporation $CVX Shares Bought by Global Trust Asset Management LLC
by Michael Walen · The Markets DailyGlobal Trust Asset Management LLC boosted its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 147.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,521 shares of the oil and gas company’s stock after purchasing an additional 10,446 shares during the quarter. Chevron makes up 1.1% of Global Trust Asset Management LLC’s portfolio, making the stock its 26th biggest holding. Global Trust Asset Management LLC’s holdings in Chevron were worth $2,670,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. purchased a new position in shares of Chevron during the 3rd quarter worth about $34,000. Marquette Asset Management LLC purchased a new stake in Chevron in the third quarter valued at approximately $41,000. Barnes Dennig Private Wealth Management LLC increased its position in Chevron by 306.1% during 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 purchasing an additional 202 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in Chevron during the third quarter worth approximately $49,000. Finally, Evolution Wealth Management Inc. purchased a new position in Chevron during the second quarter worth approximately $49,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the transaction, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Alana K. Knowles sold 2,408 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,139,597 shares of company stock worth $204,771,128. Corporate insiders own 0.21% of the company’s stock.
Chevron Stock Down 0.1%
NYSE CVX opened at $198.77 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $214.71. The business has a 50 day moving average price of $189.15 and a two-hundred day moving average price of $166.72. The stock has a market cap of $396.63 billion, a PE ratio of 29.85, a P/E/G ratio of 1.66 and a beta of 0.60.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 EPS. As a group, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.
Chevron Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is 106.91%.
Analyst Ratings Changes
A number of research analysts recently weighed in on CVX shares. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Bank of America upped their price target on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Wells Fargo & Company boosted their target price on Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, Argus set a $203.00 target price on shares of Chevron in a research report on Tuesday, February 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $187.64.
Check Out Our Latest Report on Chevron
Key Stories Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Oil price surge tied to Iran conflict and Strait of Hormuz concerns lifts revenue outlook for integrated producers like Chevron. Oil Spikes Above $109…
- Positive Sentiment: Citigroup raised its CVX price target to $235 and kept a “buy” rating — an analyst catalyst that can attract buying interest. Benzinga
- Positive Sentiment: Chevron confirmed exclusive talks with Microsoft and Engine No. 1 for a potential $7B, 2,500 MW West Texas gas‑to‑power project to supply AI data centers — ties Chevron’s gas business to long-term cloud/AI demand and higher‑margin power contracts. Chevron Taps AI Power Demand
- Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea, adding medium‑term production growth potential. Aseng FID
- Positive Sentiment: Multiple analyst upgrades and price‑target increases (Morgan Stanley, Mizuho, Zacks coverage and bullish commentary) are improving sentiment and valuation support. Analyst Upgrades
- Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — a point of potential short‑term volatility when results and guidance are released. Earnings Call Advisory
- Neutral Sentiment: Operational improvements — Chevron is expanding robotics and drone inspections to cut costs and improve safety; positive long‑term but gradual in near‑term impact. Robotics Strategy
- Negative Sentiment: Analysis arguing oil stocks may be “tapped out” despite recent crude strength suggests multiples could be constrained if market rotation resumes, limiting upside. Barron’s — Oil Stocks Tapped Out
- Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, creating near‑term LNG supply and delivery uncertainty that could pressure related earnings. Wheatstone LNG Outage
- Negative Sentiment: Insider R. Hewitt Pate sold 40,200 shares (late March); while common in large firms, large insider sales can be perceived negatively by investors. SEC Form 4 — Insider Sale
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.