Chevron Corporation $CVX Shares Sold by Means Investment CO. Inc.

Posted by George Bondi on Nov 9th, 2026

Means Investment CO. Inc. reduced its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 12.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,760 shares of the oil and gas company’s stock after selling 5,285 shares during the quarter. Means Investment CO. Inc.’s holdings in Chevron were worth $7,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CVX. BlackRock Inc. bought a new position in shares of Chevron during the second quarter valued at $25,663,729,000. Bank of New York Mellon Corp acquired a new stake in Chevron in the second quarter valued at $2,378,114,000. Legal & General Group Plc acquired a new stake in Chevron in the second quarter valued at $1,462,412,000. Deutsche Bank AG bought a new position in Chevron during the 2nd quarter worth $1,189,577,000. Finally, State Street Corp increased its stake in shares of Chevron by 3.9% in the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after buying an additional 5,998,852 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $241.00 price objective on shares of Chevron in a research note on Tuesday, October 20th. Sanford C. Bernstein raised their price target on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Barclays boosted their price target on shares of Chevron from $208.00 to $244.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Morgan Stanley upped their price objective on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Chevron from $230.00 to $268.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $221.88.

Get Our Latest Stock Analysis on CVX

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron was upgraded by Freedom Broker from “sell” to “hold,” with a $218 price target. The change signals less bearishness, though the target implies only modest upside from the cited share price. Freedom Broker rating
Positive Sentiment: Natural-gas production topped 9 billion cubic feet per day in the third quarter, supported by operations in Australia and the Eastern Mediterranean. Record output could strengthen Chevron’s position in the liquefied natural gas market, despite operational disruptions. Zacks article on gas production
Positive Sentiment: Recent coverage points to record cash flow and a run of earnings beats as reasons to consider CVX for the long term. Chevron’s latest reported quarter also exceeded analyst expectations for earnings and revenue, supporting the fundamental case. 247WallSt analysis
Neutral Sentiment: An executive reported selling 24,439 shares in an option exercise-and-sale transaction. The report alone does not establish a change in the company’s outlook. Insider transaction report
Negative Sentiment: Coverage says a post-election political shift sent oil prices lower, dragging energy stocks, including Chevron. A separate analyst downgrade also contributed to reported share-price pressure, highlighting sensitivity to oil-market expectations and cautious ratings. Report on analyst downgrade

Insider Buying and Selling

In related news, insider Andrew Walz sold 16,800 shares of the stock in a transaction dated Monday, August 17th. The shares were 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 owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael K. Wirth sold 317,100 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 379,470 shares of company stock worth $77,216,415 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Chevron Stock Performance

CVX stock opened at $212.66 on Monday. The stock has a 50-day moving average price of $214.91 and a 200-day moving average price of $194.40. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $236.48. The company has a current ratio of 1.34, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. The firm has a market cap of $420.17 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.50 and a beta of 0.47.

Chevron (NYSE:CVX – Get Free Report) last announced its earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.87 by $0.41. Chevron had a return on equity of 14.49% and a net margin of 11.56%. The company had revenue of $65.24 billion for the quarter, compared to analyst estimates of $61.82 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The firm’s revenue for the quarter was up 36.3% compared to the same quarter last year. As a group, equities research analysts expect that Chevron Corporation will post 18.56 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, November 18th. Chevron’s dividend payout ratio is 52.08%.

Chevron Profile

(Free Report)

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.