MassMutual Private Wealth & Trust FSB lessened its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 4.4% during 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 comprises about 1.1% of MassMutual Private Wealth & Trust FSB’s investment portfolio, making the stock its 17th biggest position. MassMutual Private Wealth & Trust FSB’s holdings in Chevron were worth $44,401,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares during the last quarter. Norges Bank acquired a new position in Chevron in the 2nd quarter valued at about $2,721,477,000. State Street Corp raised its stake in Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after purchasing an additional 12,789,399 shares during the last quarter. Primecap Management Co. CA purchased a new position in Chevron in the 3rd quarter valued at about $988,083,000. Finally, Bank of New York Mellon Corp lifted its holdings in Chevron by 27.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock valued at $3,047,900,000 after purchasing an additional 4,279,918 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.
Chevron Trading Up 0.1%
Shares of CVX stock opened at $201.73 on Friday. The firm’s 50-day simple moving average is $181.32 and its 200-day simple moving average is $163.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $205.08. The firm has a market cap of $402.53 billion, a P/E ratio of 30.29, a PEG ratio of 1.87 and a beta of 0.67.
Chevron Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is presently 106.91%.
Insider Activity at Chevron
In other news, insider Alana K. Knowles sold 2,408 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 47,200 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $192.12, for a total value of $9,068,064.00. Following the completion of the transaction, the insider directly owned 8,558 shares in the company, valued at $1,644,162.96. This trade represents a 84.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on CVX shares. Jefferies Financial Group lifted their price target on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Sanford C. Bernstein upped their price objective on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday. Citigroup boosted their price target on Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and a consensus target price of $184.77.
Get Our Latest Analysis on CVX
Trending Headlines about Chevron
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
About Chevron
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.
See Also
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