Insider Selling: Chevron (NYSE:CVX) Insider Sells $10,941,700.00 in Stock

Chevron Corporation (NYSE:CVX) insider R. Hewitt Pate sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00. Following the sale, the insider directly owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This represents a 87.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

R. Hewitt Pate also recently made the following trade(s):

• On Friday, February 27th, R. Hewitt Pate sold 35,475 shares of Chevron stock. The stock was sold at an average price of $186.06, for a total value of $6,600,478.50.
• On Friday, January 30th, R. Hewitt Pate sold 41,134 shares of Chevron stock. The stock was sold at an average price of $176.40, for a total transaction of $7,256,037.60.

Chevron Price Performance

Shares of NYSE:CVX opened at $189.78 on Friday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $191.56. The company has a 50-day moving average price of $172.58 and a 200 day moving average price of $160.49. The company has a market cap of $378.68 billion, a P/E ratio of 28.50, a PEG ratio of 1.87 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the prior year, the business posted $2.06 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. Research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. Chevron’s dividend payout ratio is 106.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVX. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Chevron during the fourth quarter worth about $77,000. Mengis Capital Management Inc. boosted its position in Chevron by 7.8% during the fourth quarter. Mengis Capital Management Inc. now owns 98,363 shares of the oil and gas company’s stock worth $14,992,000 after acquiring an additional 7,087 shares during the last quarter. Worthington Financial Partners LLC purchased a new stake in Chevron in the 4th quarter worth approximately $446,000. Bayban purchased a new stake in Chevron in the 4th quarter worth approximately $254,000. Finally, AG Campbell Advisory LLC acquired a new position in Chevron in the 4th quarter valued at $1,454,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVX has been the subject of several recent analyst reports. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. BMO Capital Markets reiterated an “outperform” rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, February 17th. Sanford C. Bernstein raised their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Finally, Bank of America lifted their price objective on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $178.95.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical-driven oil rally: higher crude and gas prices amid Middle East escalation are lifting energy-sector earnings power and provide a tailwind to Chevron’s integrated margins. Read More.
• Positive Sentiment: Analyst upgrades and price-target raises: several firms have bumped targets and reiterated conviction in CVX’s cash returns (recent headline target lifts push some forecasts above $200), supporting buying interest. Read More.
• Positive Sentiment: Market narrative as “geopolitical insurance”: institutional commentary and coverage are treating majors like Chevron as hedges in a volatile oil backdrop, which attracts risk‑off flows into large integrated producers. Read More.
• Positive Sentiment: Dividend increase: Chevron raised its quarterly payout, reinforcing the income case for investors and supporting the stock’s valuation relative to peers. Read More.
• Neutral Sentiment: Bullish commentary and theses: retail and independent outlets have circulated bullish writeups summarizing reasons to buy CVX (scale, cash returns, dividend), which can help sentiment but don’t always move institutional flows on their own. Read More.
• Negative Sentiment: Operational disruption — Leviathan pause: Chevron suspended production at the Leviathan gas field amid regional security orders, creating near‑term volume and revenue uncertainty for that asset. Read More.
• Negative Sentiment: Large insider selling: multiple senior executives — including reported multi‑million‑dollar sales by the CEO and other officers — have disclosed big stock sales in early March, which often triggers short‑term caution and profit‑taking. Read More.
• Negative Sentiment: Regulatory/political risk: Chevron warned California officials that certain state energy policies could affect refining economics; domestic policy uncertainty can increase volatility and operational constraints. Read More.

Chevron Company Profile

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.