Key Points
- Chevron CEO Michael Wirth sold 320,700 shares on Jan. 5 at an average $162.99, totaling $52,270,893, leaving him with 14,450 shares (a 95.69% reduction).
- Multiple insiders (including the CEO and CFO) disclosed large stock sales in early January, a development markets often view as a negative signal that could spur near‑term selling pressure.
- Chevron is in advanced talks to expand its Venezuela operating license and is linked to a potential $22 billion bid with Quantum for Lukoil assets, signaling meaningful upside in volumes and reserves but heightened political and execution risk.
Chevron Corporation (NYSE:CVX - Get Free Report) insider Alana Knowles sold 7,956 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $1,313,137.80. Following the completion of the transaction, the insider owned 1,207 shares in the company, valued at approximately $199,215.35. The trade was a 86.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Chevron Trading Down 0.9%
NYSE CVX opened at $155.20 on Thursday. The company has a market cap of $312.50 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 9.80 and a beta of 0.70. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The business has a 50 day moving average price of $152.10 and a 200-day moving average price of $153.27. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.
Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company had revenue of $48.17 billion for the quarter, compared to analysts' expectations of $46.99 billion. During the same period last year, the business earned $2.48 EPS. Chevron's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.
Chevron Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron's dividend payout ratio (DPR) is 96.20%.
Institutional Trading of Chevron
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. State Street Corp grew its position in Chevron by 9.1% during the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock valued at $23,698,184,000 after buying an additional 12,789,399 shares during the period. Berkshire Hathaway Inc increased its stake in shares of Chevron by 2.9% during the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company's stock worth $17,478,458,000 after purchasing an additional 3,454,258 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its position in Chevron by 652,139.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company's stock worth $13,214,757,000 after buying an additional 83,702,101 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Chevron by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company's stock valued at $4,979,255,000 after acquiring an additional 1,342,723 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on CVX shares. Wells Fargo & Company raised their price target on shares of Chevron from $190.00 to $196.00 and gave the company an "overweight" rating in a research report on Friday, November 14th. HSBC set a $169.00 price objective on Chevron and gave the stock a "buy" rating in a research note on Monday, December 1st. Zacks Research raised Chevron from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 23rd. Bank of America lowered their price target on Chevron from $183.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, December 11th. Finally, Scotiabank lifted their price objective on shares of Chevron from $160.00 to $165.00 and gave the stock a "sector perform" rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $166.90.
Read Our Latest Report on CVX
Key Headlines Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron is in advanced talks with the U.S. government to expand its Venezuela operating license, which would allow higher exports to Chevron’s refineries and third parties — a clear potential earnings and volume upside. Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say
- Positive Sentiment: Operational activity is increasing: shipping data and filings show Chevron continuing Venezuelan exports and contracting multiple tankers to service Venezuela port calls — evidence the company can quickly scale flows if permitted. Chevron Lines Up 11 Oil Ships
- Positive Sentiment: Chevron and private equity partner Quantum are reported to be lining up a bid for $22B of Lukoil international assets — a possible strategic growth move that could expand reserves and international footprint. Chevron, Quantum Energy Partners line up bid for Lukoil assets
- Neutral Sentiment: Some shipments to traditional buyers (notably Asian/Chinese customers) have been paused, underscoring distribution and counterpart risk even as Chevron’s own exports continue. This tempers how quickly volumes convert to cashflow. Chevron continues to ship Venezuelan oil, but loading on hold for Chinese buyers
- Neutral Sentiment: Financial Times/Reuters reporting that U.S. oil companies are seeking guarantees from Washington before large Venezuela investments suggests redeployment will take time and conditional policy support. US oil companies say they need guarantees to invest in Venezuela
- Negative Sentiment: An analyst trimmed CVX’s price target (still above current levels), signaling some recalibration of upside expectations after the recent run-up. Analyst trims Chevron price target to $179
- Negative Sentiment: Large insider sales disclosed (CEO, CFO and other insiders sold significant blocks in early January), which markets often view as a negative signal or trigger near-term selling pressure. SEC Form 4 filings — insider sales
- Negative Sentiment: Political and reputational risk remains elevated — high-profile comments from lawmakers and the broader geopolitical complexity of Venezuelan rehabilitation increase regulatory and execution uncertainty. Elizabeth Warren comments on Venezuela plan
About Chevron
(
Get Free Report)
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.
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