Key Points
- Insider sales: Andrew Benjamin Walz sold 666 shares on Feb. 12 at $183.40 (reducing his position by 31.28%) and had earlier sold 22,200 shares on Feb. 3 for about $3.92M, disclosures filed via SEC Form 4.
- Dividend increase: Chevron raised its quarterly dividend to $1.78 (annualized $7.12) for a 3.9% yield, with an ex‑dividend date of Feb. 17 and a payout ratio of 102.7%.
- Growth catalyst — Greece leases: A Chevron‑led consortium was awarded four offshore lease blocks in Greece, giving Chevron a 70% operating interest and expanding its Mediterranean exploration footprint.
Chevron Corporation (NYSE:CVX - Get Free Report) insider Andrew Benjamin Walz sold 666 shares of the company's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $183.40, for a total transaction of $122,144.40. Following the completion of the transaction, the insider owned 1,463 shares in the company, valued at approximately $268,314.20. This trade represents a 31.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Andrew Benjamin Walz also recently made the following trade(s):
- On Tuesday, February 3rd, Andrew Benjamin Walz sold 22,200 shares of Chevron stock. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00.
Chevron Trading Down 1.8%
Shares of NYSE:CVX opened at $180.39 on Wednesday. The stock has a market cap of $363.22 billion, a PE ratio of 27.09, a P/E/G ratio of 12.16 and a beta of 0.70. 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 Corporation has a 12-month low of $132.04 and a 12-month high of $186.52. The business has a 50 day moving average of $163.85 and a 200-day moving average of $157.88.
Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 8.23% 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 previous year, the company posted $2.06 EPS. The firm's quarterly revenue was down 10.2% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.
Chevron Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. This is a boost from Chevron's previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron's dividend payout ratio is currently 102.70%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on CVX shares. Wall Street Zen raised shares of Chevron from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. JPMorgan Chase & Co. upgraded shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 price target for the company in a research report on Tuesday, January 20th. Citigroup cut their price target on Chevron from $185.00 to $179.00 and set a "buy" rating for the company in a research note on Monday, January 5th. Zacks Research upgraded Chevron from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 23rd. Finally, Barclays lifted their price objective on Chevron from $158.00 to $166.00 and gave the company an "equal weight" rating in a report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Chevron presently has a consensus rating of "Hold" and a consensus target price of $176.36.
Get Our Latest Stock Report on Chevron
Chevron News Summary
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron-led consortium awarded four offshore lease blocks in Greece, giving Chevron a 70% operating interest and expanding its Mediterranean exploration footprint — a tangible long‑term growth/reserves catalyst. Article Title
- Positive Sentiment: Chevron announced a larger dividend payout to shareholders, reinforcing its income appeal for yield‑seeking investors as Treasury yields have softened. This supports investor demand for blue‑chip energy dividend names. Article Title
- Neutral Sentiment: CVX is a trending ticker on Zacks and other outlets; several write‑ups are re‑examining Chevron’s outlook and positioning relative to peers, which can increase short‑term volume and volatility without changing fundamentals. Article Title
- Neutral Sentiment: Sector commentary notes that integrated energy names like Chevron are generating strong cash flow but still trade at discounts to the broader market — a mixed signal that may keep valuation debates active among investors. Article Title
- Negative Sentiment: Despite Melius Research upgrading CVX to a "buy" and raising its price target to $205 (from $155), the market largely ignored the move and shares declined — suggesting the upgrade alone isn’t changing investor conviction and that short‑term selling/rotation is outweighing fresh positive analyst views. Article Title
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in Chevron in the fourth quarter valued at about $26,000. Karpus Management Inc. acquired a new position in Chevron during the fourth quarter worth about $27,000. Quattro Advisors LLC bought a new position in shares of Chevron in the fourth quarter worth about $27,000. Quaker Wealth Management LLC boosted its stake in shares of Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 439 shares in the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $33,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.
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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