First Bancorp Inc ME Purchases New Position in Chevron Corporation $CVX

Posted by Ethan Ryder on Aug 26th, 2026

First Bancorp Inc ME purchased a new position in Chevron Corporation (NYSE:CVX – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,176 shares of the oil and gas company’s stock, valued at approximately $526,000.

Several other large investors also recently added to or reduced their stakes in CVX. Midwest Capital Advisors LLC purchased a new position in shares of Chevron in the 1st quarter worth approximately $25,000. Core Wealth Advisors LLC purchased a new stake in Chevron during the 4th quarter valued at $26,000. Phillip James Consulting Co. bought a new stake in Chevron in the fourth quarter worth $26,000. Basso Capital Management L.P. bought a new stake in Chevron in the fourth quarter worth $27,000. Finally, Karpus Management Inc. purchased a new position in Chevron during the fourth quarter worth $27,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

CVX stock opened at $199.98 on Wednesday. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $214.71. The firm has a market cap of $395.12 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.61 and a beta of 0.49. The business’s fifty day simple moving average is $185.88 and its two-hundred day simple moving average is $188.48. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX – Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 earnings per share. Analysts predict that Chevron Corporation will post 16.17 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s payout ratio is 68.26%.

Key Stories 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?

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CVX shares. Morgan Stanley boosted their price objective on shares of Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Jefferies Financial Group restated a “buy” rating and issued a $216.00 target price on shares of Chevron in a report on Friday, July 10th. Sanford C. Bernstein upped their price target on shares of Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Mizuho set a $224.00 price objective on shares of Chevron in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a research note on Tuesday, May 5th. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.48.

Read Our Latest Research Report on Chevron

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. This represents a 35.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Benjamin Walz sold 16,800 shares of the firm’s 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 transaction, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,152,582 shares of company stock valued at $225,853,661 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Chevron Company Profile

(Free Report)

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.