Trust Co. of Oklahoma Sells 3,936 Shares of Chevron Corporation $CVX

Trust Co. of Oklahoma trimmed its position in Chevron Corporation (NYSE:CVX) by 18.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,891 shares of the oil and gas company’s stock after selling 3,936 shares during the period. Chevron accounts for 1.0% of Trust Co. of Oklahoma’s portfolio, making the stock its 25th biggest position. Trust Co. of Oklahoma’s holdings in Chevron were worth $3,449,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Purus Wealth Management LLC lifted its position in Chevron by 39.9% during the 3rd quarter. Purus Wealth Management LLC now owns 6,758 shares of the oil and gas company’s stock valued at $1,497,000 after acquiring an additional 1,926 shares during the period. Mainsail Asset Management LLC boosted its stake in Chevron by 7.5% during the third quarter. Mainsail Asset Management LLC now owns 3,319 shares of the oil and gas company’s stock worth $689,000 after acquiring an additional 231 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Chevron by 4.3% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,347 shares of the oil and gas company’s stock worth $1,296,000 after purchasing an additional 259 shares during the period. Nvwm LLC grew its holdings in Chevron by 1.1% in the third quarter. Nvwm LLC now owns 24,134 shares of the oil and gas company’s stock worth $4,929,000 after purchasing an additional 267 shares during the period. Finally, Viking Fund Management LLC grew its holdings in Chevron by 3.1% in the third quarter. Viking Fund Management LLC now owns 199,500 shares of the oil and gas company’s stock worth $40,740,000 after purchasing an additional 6,000 shares during the period. Institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley
• Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations
• Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock.
• Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high
• Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted
• Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis

Analysts Set New Price Targets

A number of brokerages have weighed in on CVX. Jefferies Financial Group raised their target price on shares of Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Wells Fargo & Company boosted their price target on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. BNP Paribas Exane reduced their price objective on Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. raised their price objective on Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.42.

Chevron Trading Down 1.1%

Shares of NYSE:CVX opened at $219.51 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 $223.46. The company has a market cap of $433.71 billion, a P/E ratio of 21.05, a PEG ratio of 0.61 and a beta of 0.53. The stock’s fifty day moving average price is $206.81 and its 200-day moving average price is $193.29.

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, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the company earned $1.77 EPS. Chevron’s revenue for the quarter was up 57.4% on a year-over-year basis. Sell-side analysts expect that Chevron Corporation will post 17.53 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Hess sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the sale, the director owned 178,045 shares in the company, valued at $34,587,021.70. This represents a 35.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by insiders.

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.