First Bancorp Inc ME Makes New $526,000 Investment in Chevron Corporation $CVX

First Bancorp Inc ME purchased a new stake in shares of Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,176 shares of the oil and gas company’s stock, valued at approximately $526,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Capital Inc. purchased a new stake in Chevron in the 2nd quarter worth approximately $786,000. OneAscent Wealth Management LLC purchased a new position in Chevron during the second quarter valued at approximately $973,000. Global Retirement Partners LLC bought a new position in shares of Chevron in the second quarter worth approximately $14,276,000. Indivisible Partners bought a new position in shares of Chevron in the fourth quarter worth approximately $1,923,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after purchasing an additional 79,439 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chevron

In other news, insider Andrew Benjamin Walz sold 16,800 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Hewitt Pate sold 2,470 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the transaction, the insider directly owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research cut shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Piper Sandler started coverage on Chevron in a report on Thursday, July 23rd. They set an “overweight” rating and a $207.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $216.00 target price on shares of Chevron in a research report on Friday, July 10th. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $207.48.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reportedly struck fresh oil in Angola, adding to its upstream resource base and potentially supporting future production and cash flow. Chevron stock turns heads as company strikes fresh oil
• Positive Sentiment: Brent crude has remained near $94 per barrel amid pressure on Iran, improving the economics of Chevron’s exploration and production business and supporting earnings expectations. Chevron Rises as Iran Pressure Keeps Brent Near $94
• Positive Sentiment: Analysts and financial publications continue to favor Chevron over some peers, citing stronger 2026 earnings growth, production momentum, Guyana exposure and recent price strength. Chevron was also identified as a stock to watch by Zacks. Chevron vs. Shell: Which Energy Major Offers a Better Bet? Earnings Growth and Price Strength Make Chevron a Stock to Watch
• Positive Sentiment: Chevron’s dividend remains a key attraction for long-term investors. Commentary highlights its repeated 2026 dividend increase, strong recent quarter and potential as a buy-and-hold income stock. Brokerages maintain a consensus “Moderate Buy” rating. 3 Dividend Stocks to Buy and Hold for the Next Decade Chevron Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Discussion comparing Chevron with ExxonMobil and Shell reinforces its relative strengths, but also shows that investors are evaluating dividend durability, yield and long-term payout growth—not just quarterly earnings. ExxonMobil vs. Chevron: Dividend Growth Comparison
• Negative Sentiment: Chevron’s elevated valuation after a strong run may be encouraging profit-taking, while investors remain alert to whether its dividend strength can be sustained through changes in oil prices and industry conditions. Can This Dividend Stock Sustain Its Strength?

Chevron Stock Performance

Shares of NYSE CVX opened at $199.98 on Wednesday. The company has a market cap of $395.12 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.49. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm’s fifty day moving average is $185.88 and its two-hundred day moving average is $188.48.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $1.77 EPS. The business’s revenue was up 57.4% on a year-over-year basis. As a group, analysts anticipate that Chevron Corporation will post 16.17 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. Chevron’s dividend payout ratio is presently 68.26%.

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.