Andrew Benjamin Walz Sells 11,600 Shares of Chevron (NYSE:CVX) Stock

March 5, 2026 by InsiderTrades.com

Key Points

Chevron Vice Chairman Mark Nelson sold 139,600 shares on March 2 at an average of $187.92, generating about $26.23 million and reducing his stake by 92.49% to 11,337 shares (SEC filing).
Chevron raised its quarterly dividend to $1.78 (from $1.71), an annualized $7.12 yield of about 3.8%, though the dividend payout ratio is elevated at roughly 106.9%.
Analyst sentiment is mixed—13 Buys, 7 Holds and 4 Sells—with a MarketBeat consensus rating of "Hold" and an average price target of about $178.95, while the stock trades near a $371 billion market cap.

Chevron Corporation (NYSE:CVX - Get Free Report) insider Andrew Benjamin Walz sold 11,600 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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Andrew Benjamin Walz also recently made the following trade(s):

On Wednesday, February 18th, Andrew Benjamin Walz sold 1,463 shares of Chevron stock. The shares were sold at an average price of $183.83, for a total value of $268,943.29.
On Thursday, February 12th, Andrew Benjamin Walz sold 666 shares of Chevron stock. The shares were sold at an average price of $183.40, for a total transaction of $122,144.40.
On Tuesday, February 3rd, Andrew Benjamin Walz sold 22,200 shares of Chevron stock. The shares were sold at an average price of $176.53, for a total transaction of $3,918,966.00.

Chevron Trading Down 1.4%

Chevron stock opened at $186.09 on Thursday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $191.56. The firm's fifty day moving average price is $171.79 and its 200-day moving average price is $160.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market cap of $371.32 billion, a P/E ratio of 27.94, a PEG ratio of 1.90 and a beta of 0.67.

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Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron's revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business 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. This is an increase from Chevron's previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron's dividend payout ratio is 106.91%.

Key Stories Impacting Chevron

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Here are the key news stories impacting Chevron this week:

Positive Sentiment: Wall Street support: several firms have been lifting price targets and forecasts for CVX this week, including a recent price-target bump to $210, signaling analyst confidence in Chevron’s cash returns and resilience. Read More.
Positive Sentiment: Geopolitical-driven commodity rally: rising oil and gas prices from Middle East supply concerns are boosting energy-sector earnings power, which benefits integrated majors like Chevron by improving margins across upstream and refining. Read More.
Neutral Sentiment: Mixed analyst landscape: while several firms upgraded targets, consensus ratings remain varied (buys, holds and some sells). That split can cap follow-through buying despite positive price-target headlines. Read More.
Negative Sentiment: Large insider sales: multiple senior executives — including CEO Michael Wirth (reported sale of ~272,624 shares) and other officers — have disclosed multi-million-dollar stock sales in early March, which often spurs near-term investor caution and profit-taking. Read More.
Negative Sentiment: Operational disruption: Chevron suspended production at the Leviathan gas field and declared force majeure amid regional hostilities — a direct hit to near-term volumes and a reminder that specific assets face outage risk. Read More.
Negative Sentiment: Broader geopolitical volatility: reports of Iran-related pressure on shipping (Strait of Hormuz) and contacts between Iranian and U.S. officials are increasing supply- and policy-risk that can swing CVX’s short-term performance despite commodity tailwinds. Read More.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CVX shares. Scotiabank reaffirmed a "sector perform" rating and set a $168.00 price target on shares of Chevron in a research note on Friday, January 16th. Sanford C. Bernstein upped their target price on Chevron from $170.00 to $172.00 and gave the stock a "market perform" rating in a research note on Monday, January 5th. Argus set a $203.00 price target on shares of Chevron in a research report on Tuesday, February 3rd. HSBC lowered shares of Chevron from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price on the stock in a report on Tuesday, January 20th. Thirteen 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 MarketBeat, Chevron presently has a consensus rating of "Hold" and a consensus price target of $178.95.

Get Our Latest Stock Analysis on CVX

Institutional Investors Weigh In On Chevron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. Norges Bank purchased a new stake in Chevron in the 4th quarter worth approximately $3,727,586,000. State Street Corp grew its position in shares of Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc grew its position in shares of Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company's stock worth $19,837,131,000 after buying an additional 8,091,570 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new position in shares of Chevron during the third quarter valued at approximately $988,083,000. 72.42% of the stock is currently owned by institutional investors.

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.