Chevron Corporation (NYSE:CVX - Get Free Report) insider R. Hewitt Pate sold 35,475 shares of Chevron stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $186.06, for a total value of $6,600,478.50. Following the sale, the insider directly owned 8,558 shares in the company, valued at $1,592,301.48. This trade represents a 80.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
R. Hewitt Pate also recently made the following trade(s):
- On Monday, March 2nd, R. Hewitt Pate sold 58,000 shares of Chevron stock. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00.
- On Friday, January 30th, R. Hewitt Pate sold 41,134 shares of Chevron stock. The shares were sold at an average price of $176.40, for a total transaction of $7,256,037.60.
Chevron Trading Down 0.5%
Chevron stock opened at $188.56 on Wednesday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $191.56. The firm's 50 day moving average price is $171.08 and its 200-day moving average price is $160.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market cap of $376.25 billion, a P/E ratio of 28.31, a PEG ratio of 12.55 and a beta of 0.67.
Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analysts' expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron's quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the company posted $2.06 earnings per share. On average, equities analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.
Chevron Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. The ex-dividend date is Tuesday, February 17th. This is a positive change from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. Chevron's dividend payout ratio (DPR) is 106.91%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Core Wealth Advisors LLC purchased a new stake in Chevron in the fourth quarter worth $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron during the fourth quarter valued at $26,000. Basso Capital Management L.P. bought a new position in shares of Chevron in the fourth quarter worth about $27,000. Karpus Management Inc. purchased a new position in Chevron in the 4th quarter worth about $27,000. Finally, Quattro Advisors LLC bought a new stake in Chevron during the 4th quarter valued at about $27,000. Institutional investors own 72.42% of the company's stock.
Wall Street Analysts Forecast Growth
CVX has been the topic of a number of research reports. Wells Fargo & Company lifted their price objective on Chevron from $196.00 to $204.00 and gave the stock an "overweight" rating in a research note on Monday, February 2nd. Jefferies Financial Group lifted their price target on Chevron from $174.00 to $189.00 and gave the stock a "buy" rating in a research report on Wednesday, January 14th. TD Cowen upped their price objective on Chevron from $160.00 to $168.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. UBS Group reiterated a "buy" rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Finally, Morgan Stanley cut their target price on Chevron from $180.00 to $174.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $178.95.
Get Our Latest Analysis on CVX
More Chevron News
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Middle East tensions have pushed crude and natural-gas futures higher, lifting energy stocks and benefiting Chevron’s outlook as an integrated major. This broader oil rally is a positive tailwind for CVX. Energy investors go stock picking, benefiting Chevron over Exxon
- Positive Sentiment: Several brokerages raised price targets and ratings recently (Citigroup to $210, Bank of America to $206; Melius upgraded to Buy), showing analyst conviction around CVX’s cash returns and growth profile. Benzinga coverage of price-target changes
- Positive Sentiment: Longer-term endorsements: Buffett-era moves increased Chevron exposure in the final Berkshire quarter, a signal some value investors view positively. How Berkshire Hathaway Performed During Buffett's Final Quarter (CVX)
- Neutral Sentiment: Coverage is mixed overall — some broker consensus remains cautious/hold even as a subset upgrades, resulting in divergent analyst views that can limit sustained momentum. Average broker rating: Hold
- Negative Sentiment: Chevron declared force majeure and paused production at the Leviathan gas field amid escalating regional hostilities — a direct operational hit and an example of how geopolitics can interrupt specific assets and near-term cash flow. What Chevron (CVX)'s Leviathan Shutdown Amid Middle East Tensions Means For Shareholders
- Negative Sentiment: Significant insider selling by R. Hewitt Pate (large block sales on Feb. 27 and Mar. 2 totaling ~93,475 shares) was disclosed in SEC filings — a near-term negative signal that may have amplified profit-taking. SEC Form 4 (insider sales)
- Negative Sentiment: Broader geopolitical risk (Iran’s threats, Strait of Hormuz disruptions) raises volatility and operational risk for majors; while higher oil helps margins, it also increases uncertainty about supply disruptions and regulatory/military outcomes. Why Exxon, Chevron Need To Watch Iran's Vow To 'Set Fire' To Ships
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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