Chevron Corporation $CVX Stock Purchased by Ledyard National Bank

Ledyard National Bank increased its stake in Chevron Corporation (NYSE:CVX) by 24.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,514 shares of the oil and gas company’s stock after buying an additional 2,431 shares during the period. Ledyard National Bank’s holdings in Chevron were worth $2,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Culbertson A N & Co. Inc. raised its holdings in Chevron by 0.7% in the third quarter. Culbertson A N & Co. Inc. now owns 70,663 shares of the oil and gas company’s stock worth $14,430,000 after buying an additional 474 shares during the last quarter. Legacy Financial Group Inc. grew its holdings in shares of Chevron by 15.5% during the third quarter. Legacy Financial Group Inc. now owns 2,391 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 320 shares during the last quarter. NBT Bank N.A. purchased a new stake in shares of Chevron during the third quarter valued at approximately $15,907,000. Isthmus Partners LLC increased its position in shares of Chevron by 28.8% during the third quarter. Isthmus Partners LLC now owns 4,024 shares of the oil and gas company’s stock valued at $822,000 after acquiring an additional 900 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in shares of Chevron by 9.0% during the third quarter. Root Financial Partners LLC now owns 10,136 shares of the oil and gas company’s stock valued at $2,070,000 after acquiring an additional 836 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Hess sold 710,665 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the sale, the director owned 363,711 shares of the company’s stock, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,195,682 shares of company stock valued at $235,619,780. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CVX. Piper Sandler upped their price objective on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Wells Fargo & Company lifted their target price on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Mizuho set a $234.00 price target on Chevron in a research note on Monday, October 12th. UBS Group boosted their price target on Chevron from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $241.00 price target on shares of Chevron in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $213.96.

Chevron Stock Up 3.0%

Shares of Chevron stock opened at $233.39 on Friday. The company has a market cap of $461.13 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. The company’s 50 day moving average is $210.61 and its 200 day moving average is $194.38. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $233.74. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The firm’s revenue was up 57.4% on a year-over-year basis. Research analysts anticipate that Chevron Corporation will post 18.20 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

Chevron Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.