First National Bank of Hutchinson Boosts Chevron Holdings

Kansas bank increases stake in oil and gas giant by over 200%

Published on Feb. 8, 2026

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First National Bank of Hutchinson, a financial institution based in Hutchinson, Kansas, has significantly increased its investment in Chevron Corporation (NYSE: CVX), the American multinational energy company. According to a recent disclosure with the Securities & Exchange Commission, the bank lifted its position in Chevron shares by 220.5% during the third quarter, now owning 7,438 shares of the oil and gas company's stock.

Why it matters

Chevron is one of the world's largest integrated energy companies, with a diverse portfolio of upstream, midstream, and downstream operations. The bank's substantial increase in Chevron holdings suggests it sees long-term value and growth potential in the company, which could be a positive signal for Chevron's future performance.

The details

First National Bank of Hutchinson purchased an additional 5,117 shares of Chevron during the third quarter, bringing its total holdings to 7,438 shares. The bank's investment in Chevron is now valued at approximately $1.155 million. This move comes as Chevron has faced a mixed outlook from Wall Street, with some analysts maintaining a 'buy' rating on the stock while others have issued a 'sell' recommendation.

  • The bank increased its Chevron holdings during the third quarter of 2026.
  • Chevron's stock price ranged from a low of $132.04 to a high of $182.59 over the past 12 months.

The players

First National Bank of Hutchinson

A financial institution based in Hutchinson, Kansas that has significantly increased its investment in Chevron Corporation.

Chevron Corporation

An American multinational energy company engaged in oil and gas exploration, production, refining, and marketing, with a diverse portfolio of upstream, midstream, and downstream operations.

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The takeaway

The substantial increase in Chevron holdings by First National Bank of Hutchinson suggests the bank sees long-term value and growth potential in the energy giant, despite the mixed analyst opinions. This could be a positive signal for Chevron's future performance and the bank's confidence in the company's ability to navigate the evolving energy landscape.