Ledyard National Bank Purchases 2,431 Shares of Chevron Corporation $CVX

Ledyard National Bank lifted its position in shares of Chevron Corporation (NYSE:CVX) by 24.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,514 shares of the oil and gas company’s stock after purchasing 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 SEC filing.

Other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new position in Chevron during the 1st quarter valued at approximately $25,000. Main Street Group LTD purchased a new stake in Chevron in the 1st quarter worth approximately $28,000. Kilter Group LLC purchased a new stake in Chevron in the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC grew its position in shares of Chevron by 49.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after buying an additional 60 shares during the last quarter. Finally, Financial Connections Group Inc. grew its position in shares of Chevron by 129.3% in the 1st quarter. Financial Connections Group Inc. now owns 211 shares of the oil and gas company’s stock worth $43,000 after buying an additional 119 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Insider Transactions at Chevron

In related news, CEO Michael 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 value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider R. Pate sold 40,700 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total value of $9,224,655.00. Following the transaction, the insider directly owned 8,791 shares of the company’s stock, valued at $1,992,480.15. This represents a 82.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,195,682 shares of company stock valued at $235,619,780 in the last three months. Company insiders own 0.56% of the company’s stock.

Chevron Price Performance

CVX stock opened at $233.39 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $233.74. The firm has a 50-day moving average of $210.61 and a 200 day moving average of $194.38. The company has a market cap of $461.13 billion, a P/E ratio of 22.38, a PEG ratio of 0.54 and a beta of 0.53.

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

Chevron Announces Dividend

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

More Chevron News

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. HSBC set a $90.00 target price on Chevron in a report on Friday, September 25th. UBS Group raised 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. Argus lifted their price target on shares of Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, TD Cowen boosted their price objective on shares of Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $213.96.

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.