CTC 13F: Exits Chevron (CVX) Stake

CTC recently closed out its investment in Chevron Corporation (CVX). According to a Form 13F filing with the SEC for the period ending May 21, 2026, the firm sold all 10,696 shares it previously held. This backward-looking report shows the firm's portfolio as of the filing date and may not reflect its current holdings.

CTC Exits Chevron Position

The move by CTC represented a total exit from its position in the Houston-based energy company. Before this latest filing, the firm held 10,696 shares. By selling that entire amount, CTC reduced its stake by 100%. This liquidation follows a pattern of recent activity for the firm; on the same filing date of May 21, 2026, CTC also reported closing out positions in JD.com, Inc. and Wells Fargo & Company, while trimming its stake in Bank of America.

Chevron Stock Performance and Valuation

On Friday, shares of Chevron were trading at $165.76. The stock has seen a wide range over the past year, with a 52-week low of $146.49 and a 52-week high of $223.46. Currently, the price is trailing both its 50-day moving average of $206.42 and its 200-day moving average of $189.50. With a price-to-earnings (P/E) ratio of 20.69, the stock is trading at a premium compared to its forward P/E of 14.40, which looks at expected future profits. The company currently carries a market value of roughly $430.22 billion.

Recent Earnings and Growth

In its most recent financial reports, Chevron showed total revenue of $209.38 billion. The company has experienced revenue growth of 53.5%, maintaining a net margin of 9.83% and a return on equity of 12.23%. Investors looking ahead should mark October 30, 2026, on their calendars, as that is when the company is expected to release its next quarterly earnings results.

Dividend Yield and Payouts

Chevron continues to be a significant player for income-focused investors, offering a dividend yield of 3.25%. The company maintains a payout ratio of 67.18%, which measures the percentage of earnings paid out to shareholders as dividends. While CTC has moved on from the stock, the dividend remains a core part of the total return for those still holding the shares.

Analysts Set New Price Targets

Wall Street analysts have been active in updating their outlooks for Chevron throughout the autumn of 2026. On October 15, 2026, Morgan Stanley maintained an Overweight rating and raised its price target to $226.00. UBS also showed confidence on October 8, 2026, maintaining a Buy rating with a $235.00 target. Other firms like HSBC and Piper Sandler have set even higher targets of $250.00 and $243.00, respectively. Currently, the consensus among 24 analysts is a "buy" with an average price target of $227.92.

About Chevron Corporation

Chevron is one of the world's largest integrated energy companies. It handles everything from exploring and producing crude oil and natural gas to refining those materials into fuel, lubricants, and petrochemicals. The company also manages a massive network of pipelines and marine vessels to move its products around the globe. As the energy industry shifts, Chevron has also begun investing in carbon capture and renewable fuels.

Looking Forward

While CTC's decision to sell its entire stake is a definitive move, it's worth noting that other public figures have shown interest in the stock recently. Representative Maria Elvira Salazar, a Republican from Florida, disclosed a purchase of Chevron shares valued between $1,001 and $15,000 back in September 2026. Investors will likely keep a close eye on the October 30 earnings report to see if the company's fundamentals justify the high price targets set by Wall Street analysts. Because 13F filings are delayed by up to 45 days, CTC may have already changed its strategy since this report was published.