NBT Bank N.A. Makes New $15.91 Million Investment in Chevron Corporation $CVX

NBT Bank N.A. bought a new position in shares of Chevron Corporation (NYSE:CVX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 77,896 shares of the oil and gas company’s stock, valued at approximately $15,907,000. Chevron accounts for about 1.1% of NBT Bank N.A.’s portfolio, making the stock its 20th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Isthmus Partners LLC grew its holdings in shares of Chevron by 28.8% during the 3rd quarter. Isthmus Partners LLC now owns 4,024 shares of the oil and gas company’s stock worth $822,000 after purchasing an additional 900 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Chevron by 9.0% during the third quarter. Root Financial Partners LLC now owns 10,136 shares of the oil and gas company’s stock valued at $2,070,000 after purchasing an additional 836 shares during the period. Adams Natural Resources Fund Inc. increased its position in shares of Chevron by 1.3% during the third quarter. Adams Natural Resources Fund Inc. now owns 594,224 shares of the oil and gas company’s stock valued at $121,346,000 after purchasing an additional 7,600 shares during the period. Trust Co of the South raised its stake in shares of Chevron by 6.7% in the third quarter. Trust Co of the South now owns 3,196 shares of the oil and gas company’s stock valued at $653,000 after purchasing an additional 200 shares in the last quarter. Finally, Investment House LLC acquired a new position in shares of Chevron in the third quarter valued at $284,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CVX shares. JPMorgan Chase & Co. raised their target price on Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. UBS Group boosted their price target on shares of Chevron from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Jefferies Financial Group boosted their price target on shares of Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a report on Monday, August 17th. HSBC set a $90.00 price objective on shares of Chevron in a research note on Friday, September 25th. Finally, Weiss Ratings raised shares of Chevron from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average target price of $213.96.

Chevron Stock Up 3.0%

NYSE CVX opened at $233.39 on Friday. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $233.74. The company has a market capitalization of $461.13 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.54 and a beta of 0.53. The stock’s 50 day moving average is $210.61 and its two-hundred day moving average is $194.38. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same period in the prior year, the firm posted $1.77 EPS. Chevron’s quarterly revenue was up 57.4% compared to the same quarter last year. Equities analysts forecast that Chevron Corporation will post 18.20 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.1%. Chevron’s payout ratio is currently 68.26%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 317,100 shares of Chevron stock in a transaction on Friday, August 14th. The stock was 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 approximately $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction on 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 of the company’s stock, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,195,682 shares of company stock valued at $235,619,780. 0.56% of the stock is currently 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.