<div id="readability-page-1"><p>HM Payson &amp; Co. lessened its stake in shares of  Chevron Corporation (NYSE:CVX - Free Report) by 30.6% during the 3rd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm owned 162,414 shares of the oil and gas company's stock after selling 71,645 shares during the period. HM Payson &amp; Co.'s holdings in Chevron were worth $25,221,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>Oil Prices May Fall to $55 by 2026—Bad News for This Energy ETF</li></ul><p>Several other institutional investors and hedge funds have also recently modified their holdings of the company. White Knight Strategic Wealth Advisors LLC raised its stake in  Chevron by 3.0% during the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company's stock worth $319,000 after purchasing an additional 65 shares during the period.  Rakuten Securities Inc. grew its stake in shares of  Chevron by 7.4% in the 2nd quarter. Rakuten Securities Inc. now owns 961 shares of the oil and gas company's stock valued at $138,000 after buying an additional 66 shares during the period.  Analyst IMS Investment Management Services Ltd. increased its holdings in shares of  Chevron by 1.0% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 6,751 shares of the oil and gas company's stock worth $966,000 after buying an additional 67 shares during the last quarter.  M.E. Allison &amp; CO. Inc. raised its position in shares of  Chevron by 0.6% during the 3rd quarter. M.E. Allison &amp; CO. Inc. now owns 11,204 shares of the oil and gas company's stock valued at $1,740,000 after buying an additional 67 shares during the period.  Finally, Greenfield Savings Bank lifted its holdings in  Chevron by 0.6% in the second quarter. Greenfield Savings Bank now owns 11,611 shares of the oil and gas company's stock valued at $1,663,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own  72.42% of the company's stock. </p><h2>Insider Activity at Chevron</h2><p>In other Chevron news, Director John B. Hess sold 275,000 shares of the business's stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director owned 1,128,045 shares in the company, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>As Warren Buffett Nears His Exit, Berkshire's Amassed Record Cash</li></ul><p>Several equities research analysts have issued reports on CVX shares. Zacks Research raised Chevron from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, December 23rd. Wall Street Zen upgraded Chevron from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, November 8th. Scotiabank boosted their price objective on shares of Chevron from $160.00 to $165.00 and gave the company a &#34;sector perform&#34; rating in a report on Thursday, October 9th. Barclays lowered their target price on shares of Chevron from $160.00 to $158.00 and set an &#34;equal weight&#34; rating for the company in a research note on Tuesday, October 7th. Finally, Piper Sandler dropped their price target on shares of Chevron from $171.00 to $169.00 and set an &#34;overweight&#34; rating for the company in a research report on Monday, November 10th. One equities research analyst  has rated the stock with a Strong Buy rating, eleven have issued  a Buy rating, eight have assigned  a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Chevron currently has an average rating of &#34;Hold&#34; and a consensus target price of $166.00.</p><p><b>Check Out Our Latest Stock Report on Chevron</b></p><h2>Chevron Stock Performance</h2><ul><li>3 Defensive Stocks to Buy as Economic Uncertainty Lingers</li></ul><p>NYSE CVX opened at $150.95 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The company has a market cap of $303.93 billion, a P/E ratio of 21.23, a P/E/G ratio of 9.00 and a beta of 0.68. The stock has a 50-day moving average of $152.04 and a two-hundred day moving average of $152.92. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96. </p><p>Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. The business had revenue of $48.17 billion for the quarter, compared to analysts' expectations of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.48 earnings per share.  As a group, analysts anticipate that  Chevron Corporation will post 10.79 EPS for the current year. </p><h2>Chevron Announces Dividend</h2><p>The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron's dividend payout ratio (DPR) is currently 96.20%. </p><h2>Chevron Company Profile</h2> (Free Report)<p>Chevron Corporation <span>NYSE: CVX<span></span></span> 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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Chevron</li><li>Wall Street Stockpicker Names #1 Stock of 2026</li><li>Do not delete, read immediately</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>Your “birthright claim” just got activated</li><li>Buy this $2 Gold Stock Before January 1, 2026</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Chevron Right Now?</h2><p>Before you consider Chevron, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chevron wasn't on the list.</p><p>While Chevron currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>HM Payson & Co. reduced its stake in Chevron Corporation (NYSE:CVX) by 30.6% in Q3, now holding 162,414 shares valued at $25.2 million. Other institutional investors also adjusted their holdings, with significant increases from White Knight Strategic Wealth Advisors and Rakuten Securities. Insider activity included Director John B. Hess selling 275,000 shares. Analysts have mixed ratings on Chevron, with a consensus target price of $166.00. Chevron's stock opened at $150.95, with a market cap of $303.93 billion and a P/E ratio of 21.23.</p>

HM Payson & Co. Reduces Stake in Chevron Corporation $CVX