Chevron Corporation $CVX Stock Holdings Lessened by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its Chevron position by 4.9% in the third quarter, selling 13,520 shares and retaining 262,117 shares valued at approximately $53.6 million. Institutional investors collectively own 72.42% of Chevron.
• Chevron reported quarterly EPS of $6.06, exceeding estimates of $5.55, while revenue of $67.2 billion rose 57.4% year over year. The company also pays a $1.78 quarterly dividend, equivalent to a 3.4% yield.
• Chevron shares opened at $206.69, near their 52-week high of $217.78, and analysts maintain a “Moderate Buy” consensus with a $210.87 target price; however, insiders sold significant shares during the quarter, including a large sale by CEO Michael Wirth.

MassMutual Private Wealth & Trust FSB trimmed its position in Chevron Corporation (NYSE:CVX - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,117 shares of the oil and gas company's stock after selling 13,520 shares during the period. Chevron accounts for 1.4% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 16th biggest position. MassMutual Private Wealth & Trust FSB's holdings in Chevron were worth $53,596,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Miller Global Investments LLC lifted its stake in Chevron by 9.3% during the third quarter. Miller Global Investments LLC now owns 5,828 shares of the oil and gas company's stock worth $1,190,000 after purchasing an additional 498 shares during the last quarter. Polaris Financial Partners purchased a new stake in shares of Chevron during the third quarter valued at approximately $143,000. CX Institutional grew its holdings in shares of Chevron by 22.0% in the third quarter. CX Institutional now owns 21,922 shares of the oil and gas company's stock worth $4,636,000 after purchasing an additional 3,946 shares during the last quarter. GoalVest Advisory LLC increased its position in shares of Chevron by 1.5% in the third quarter. GoalVest Advisory LLC now owns 6,690 shares of the oil and gas company's stock valued at $1,366,000 after acquiring an additional 98 shares during the period. Finally, Private Client Services LLC increased its holdings in Chevron by 9.6% during the 3rd quarter. Private Client Services LLC now owns 2,951 shares of the oil and gas company's stock valued at $603,000 after purchasing an additional 259 shares during the period. Institutional investors own 72.42% of the company's stock.

Chevron Stock Down 0.0%

NYSE CVX opened at $206.69 on Monday. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $217.78. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $408.36 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53. The stock's 50-day moving average price is $202.83 and its 200-day moving average price is $192.72.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm's revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. On average, equities research analysts predict that Chevron Corporation will post 16.98 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is presently 68.26%.

Insider Activity

In related news, CEO Michael Wirth sold 317,100 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares of the company's stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider R. Pate sold 2,470 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last quarter. Corporate insiders own 0.56% of the company's stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings expectations. Brent crude has moved back above $100 as Middle East tensions raise concerns about disrupted supplies, while China’s fuel-export restrictions add further support. Higher upstream realizations could benefit Chevron ahead of its third-quarter results. Brent Oil Is Back Above $100
• Positive Sentiment: LNG is positioned as a longer-term growth driver. Chevron is connecting LNG exports, domestic natural-gas sales and new supply sources across regions, potentially improving the company’s gas-market reach and earnings diversification. Can Chevron’s Growing LNG Network Power Its Next Growth Phase?
• Positive Sentiment: Dividend and earnings optimism is attracting investors. Commentary points to a possible quarterly dividend increase in January, while Chevron’s history of earnings surprises and favorable analyst price targets support expectations for another quarterly beat. Chevron Stock May Attract Value Investors
• Positive Sentiment: Chevron is expanding its exploration portfolio. A Chevron affiliate agreed to acquire a 10% participating interest in Namibia’s offshore PEL 90 license for $11 million plus contingent payments tied to appraisal and production milestones. Namibia PEL 90 Stake Sale
• Neutral Sentiment: Investors are focused on the October 30 earnings call. The results will provide updates on refining margins, LNG, Venezuela-related opportunities, production and the impact of higher crude prices. Chevron 3Q 2026 Earnings Conference Call
• Negative Sentiment: Valuation and crude-price risks may limit upside. With CVX near its annual high, some investors may take profits, particularly because geopolitical oil spikes can reverse quickly and weaker crude prices would pressure cash flow, earnings and dividend coverage.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Chevron from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. TD Cowen raised their price objective on Chevron from $205.00 to $215.00 and gave the company a "hold" rating in a research report on Monday, September 28th. Mizuho set a $224.00 target price on shares of Chevron in a report on Monday, August 3rd. Sanford C. Bernstein upped their price target on Chevron from $204.00 to $209.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Finally, Piper Sandler increased their price objective on shares of Chevron from $207.00 to $243.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Twenty-one analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.87.

About Chevron

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.

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