Chevron Corporation $CVX Shares Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual trimmed its position in Chevron by 4.4%, selling 13,417 shares and leaving a 291,326‑share holding worth about $44.4 million (1.1% of its portfolio and the fund's 17th largest holding).
• Significant insider selling has occurred recently — including CEO and CFO sales — with insiders offloading about 1,099,397 shares worth ~$196.2 million in the last three months, leaving insiders with just 0.21% ownership.
• Chevron’s market cap topped $400 billion amid the oil rally, drawing analyst upgrades (e.g., HSBC to Buy with a $215 target) while the company raised its quarterly dividend to $1.78 (a 3.5% yield).

MassMutual Private Wealth & Trust FSB lowered its position in shares of Chevron Corporation (NYSE:CVX - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,326 shares of the oil and gas company's stock after selling 13,417 shares during the quarter. Chevron accounts for 1.1% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 17th largest holding. MassMutual Private Wealth & Trust FSB's holdings in Chevron were worth $44,401,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CVX. Decker Retirement Planning Inc. acquired a new position in shares of Chevron during the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC lifted its position in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 118 shares during the period. Marquette Asset Management LLC acquired a new stake in Chevron in the third quarter valued at about $41,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 202 shares in the last quarter. Finally, Evolution Wealth Management Inc. purchased a new stake in Chevron in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s market capitalization topped $400 billion for the first time as the crude rally lifted energy peers and investor appetite for large integrated oil names. Chevron (CVX) Stock Breaks Into Elite $400B Club Amid Oil Price Rally
• Positive Sentiment: HSBC upgraded CVX from Hold to Buy and set a $215 target, signaling analyst conviction that the stock has further upside as oil stays elevated. HSBC upgrade to Buy
• Positive Sentiment: Major business press notes Chevron’s rise into the top-20 U.S. companies by market value, reinforcing momentum and institutional interest in the name. Chevron Jumps Into Top 20 Most Valuable U.S. Companies
• Positive Sentiment: Analyst/market commentaries and YTD performance write-ups highlight strong gains (CVX up materially this year) driven by geopolitical support for oil prices and Chevron’s growth projects—these narratives help attract momentum flows. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Mizuho and other broker notes (coverage upgrades / bullish price forecasts) and inclusion in “best energy stocks” pieces amplify buy-side interest and argue for continued upside if commodity strength persists. Mizuho Forecasts Strong Price Appreciation for Chevron NYSE: CVX Stock
• Neutral Sentiment: Comparative analyst pieces (e.g., Zacks on Chevron vs. Suncor) note Chevron’s diversification and Guyana growth but weigh that against peer cost actions—useful context but not an immediate catalyst. Chevron vs. Suncor: Which Energy Stock Wins at 52-Week Highs?
• Neutral Sentiment: Chevron Technology Ventures led a small strategic investment in robotics firm KEWAZO—positioning for operational efficiencies but not a near-term earnings driver. Chevron Technology Ventures Invests in KEWAZO

Wall Street Analyst Weigh In

CVX has been the subject of a number of analyst reports. Mizuho increased their target price on Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Weiss Ratings restated a "hold (c)" rating on shares of Chevron in a research note on Wednesday, January 21st. Citigroup upped their price objective on Chevron from $179.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Wall Street Zen upgraded Chevron from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Scotiabank reissued a "sector perform" rating and issued a $168.00 target price on shares of Chevron in a report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Chevron presently has a consensus rating of "Hold" and an average price target of $184.77.

Insider Transactions at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares of the company's stock, valued at $764,093.66. The trade was a 88.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of the business's stock in a transaction dated Monday, January 5th. The stock was 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 owned 14,450 shares in the company, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,099,397 shares of company stock worth $196,196,468. Corporate insiders own 0.21% of the company's stock.

Chevron Price Performance

CVX stock opened at $201.73 on Friday. The firm has a 50 day moving average of $181.32 and a 200-day moving average of $163.41. The company has a market cap of $402.53 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.87 and a beta of 0.67. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $205.08.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share 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 for the quarter, compared to analysts' expectations of $48.18 billion. During the same quarter in the prior year, the firm posted $2.06 EPS. The company's revenue was down 10.2% compared to the same quarter last year. As a group, equities analysts expect 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. Shareholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.5%. This is a positive change from Chevron's previous quarterly dividend of $1.71. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron's dividend payout ratio is currently 106.91%.

Chevron Company Profile

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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