Chevron Corporation $CVX Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 5.8% in the third quarter, Holdings Channel.com reports. The firm owned 52,728 shares of the oil and gas company’s stock after selling 3,263 shares during the period. Patten & Patten Inc. TN’s holdings in Chevron were worth $8,188,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BLB&B Advisors LLC boosted its position in Chevron by 2.0% in the 3rd quarter. BLB&B Advisors LLC now owns 128,901 shares of the oil and gas company’s stock valued at $20,017,000 after buying an additional 2,555 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in shares of Chevron by 20.2% in the third quarter. Sagespring Wealth Partners LLC now owns 41,594 shares of the oil and gas company’s stock worth $6,459,000 after acquiring an additional 7,002 shares in the last quarter. Mendel Capital Management LLC lifted its stake in shares of Chevron by 5.0% in the third quarter. Mendel Capital Management LLC now owns 6,711 shares of the oil and gas company’s stock worth $1,042,000 after acquiring an additional 317 shares in the last quarter. Biltmore Family Office LLC boosted its holdings in Chevron by 141.0% in the third quarter. Biltmore Family Office LLC now owns 6,912 shares of the oil and gas company’s stock valued at $1,073,000 after purchasing an additional 4,044 shares during the last quarter. Finally, GDS Wealth Management grew its stake in Chevron by 147.4% during the 3rd quarter. GDS Wealth Management now owns 4,220 shares of the oil and gas company’s stock valued at $655,000 after purchasing an additional 2,514 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Up 0.0%

CVX stock opened at $166.74 on Friday. The firm has a market cap of $335.73 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 10.91 and a beta of 0.70. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $169.37. The firm has a fifty day moving average price of $154.52 and a two-hundred day moving average price of $154.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. During the same period in the previous year, the business posted $2.48 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Research analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a dividend yield of 4.1%. Chevron’s dividend payout ratio is 96.20%.

Insider Buying and Selling

In related news, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares in the company, valued at $720,608.30. This represents a 86.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer directly 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. Insiders have sold a total of 635,190 shares of company stock valued at $100,254,408 over the last quarter. Company insiders own 0.21% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Heavy options activity suggests institutional bullishness — Benzinga reports “smart money” is placing large bets in CVX options, which can signal traders positioning for upside or volatility. Smart Money Is Betting Big In CVX Options
• Positive Sentiment: Broker upgrades/target increases are lifting sentiment — JPMorgan upgraded CVX and Scotiabank raised its target to $168, providing analyst support for the stock. Chevron Stock Rating Upgraded by JPMorgan Chase & Co. Scotiabank raises CVX target to $168
• Positive Sentiment: Portfolio moves and buy-side commentary emphasize CVX’s yield and balance-sheet strength — The Motley Fool and dividend-screen lists continue to feature Chevron as an income pick, which can attract long-term income-focused buyers. 3 Reasons to Buy Chevron Stock Like There’s No Tomorrow Best Dividend Stocks to Buy in 2026
• Positive Sentiment: Asset-sale progress to streamline portfolio — Chevron expects to conclude the sale of its Singapore refining stake by Q1, which could free cash and improve capital allocation. Chevron Plans to Conclude Sale of Singapore Assets by Q1 FY26
• Neutral Sentiment: Longer-term catalysts under review — Coverage pieces highlight Leviathan expansion, progress on Venezuela exposure and post‑Hess integration as potential longer-term upside drivers; these are not immediate earnings drivers but could affect valuation over time. Chevron (CVX) Valuation Check After Leviathan Expansion U.S. Moves on Venezuela and Leviathan Gas Might Change The Case For Investing In Chevron
• Neutral Sentiment: Analyst commentary roundup — The Globe and Mail and other outlets are publishing analyst insights on CVX; useful for context but not single‑handedly market moving. Analysts Offer Insights on Energy Companies: Chevron (CVX)
• Negative Sentiment: Operational disruption at Tengiz is a near-term headwind — Chevron says production at the large Tengiz field in Kazakhstan has not resumed following a recent shutdown, which could trim volumes and revenue while outage persists. Kazakhstan’s Tengiz oil production has not yet resumed, Chevron says
• Negative Sentiment: Q4 earnings expectations look weak — A Zacks preview notes Chevron lacks the key ingredients for an earnings beat and Q4 EPS are expected to decline, which raises the risk of a disappointed reaction when the company reports. Earnings Preview: Chevron (CVX) Q4 Earnings Expected to Decline

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CVX. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 20th. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Scotiabank reissued a “sector perform” rating and set a $168.00 price objective on shares of Chevron in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday. Finally, Mizuho increased their price target on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Chevron has a consensus rating of “Hold” and a consensus target price of $170.00.

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.