Key Points
- Insider sale: R. Hewitt Pate sold 47,200 Chevron shares on March 6 for approximately $9.07 million, cutting his stake by 84.65 after several other large sales in recent weeks.
- Dividend increase: Chevron raised its quarterly dividend to $1.78 (a 4% increase), implying a $7.12 annualized payout and roughly a 3.8% yield, though the payout ratio stands at about 106.9%.
- Mixed quarterly results: Chevron reported EPS of $1.52, beating estimates, but revenue fell 10.2% year‑over‑year and missed analyst expectations, and the stock has traded lower amid oil‑price volatility.
Chevron Corporation (NYSE:CVX - Get Free Report) insider R. Hewitt Pate sold 47,200 shares of the company's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the sale, the insider directly owned 8,558 shares of the company's stock, valued at approximately $1,644,162.96. This trade represents a 84.65% 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 Friday, February 27th, R. Hewitt Pate sold 35,475 shares of Chevron stock. The shares were sold at an average price of $186.06, for a total transaction of $6,600,478.50.
- On Monday, March 2nd, R. Hewitt Pate sold 58,000 shares of Chevron stock. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00.
- 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 value of $7,256,037.60.
Chevron Trading Down 1.6%
Shares of CVX stock opened at $186.38 on Wednesday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $192.41. The stock's fifty day moving average price is $174.83 and its two-hundred day moving average price is $161.29. 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 company has a market cap of $371.89 billion, a PE ratio of 27.98, a P/E/G ratio of 1.91 and a beta of 0.67.
Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business earned $2.06 EPS. Equities analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.
Chevron Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron's payout ratio is presently 106.91%.
Chevron News Summary
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron and Shell are reported to be closing in on major oil production deals in Venezuela — a reopening of Venezuelan upstream opportunities could add meaningful volumes and long‑term cash flow upside if formalized. Read More.
- Positive Sentiment: Dividend confirmation: Chevron paid a $1.78 quarterly dividend (4% increase), continuing 39 years of annual dividend growth — supports defensive, income‑oriented demand for CVX. Read More.
- Positive Sentiment: Positive endorsement from celebrity investor/commentator Jim Cramer praising CEO Michael Wirth — may buoy retail sentiment and short‑term demand. Read More.
- Positive Sentiment: Commercial win: Chevron signed a five‑year gas supply deal with Horizon Power (Australia), underpinning steady gas revenues and regional reliability contracts. Read More.
- Neutral Sentiment: Talks about a potential strategic bolt‑on in Brazil: Ultrapar/Ipiranga stake sale process has drawn reported Chevron interest — could be growth/retail downstream exposure but remains at the rumor/negotiation stage. Read More.
- Neutral Sentiment: Oil price volatility remains the dominant macro driver: surges tied to Middle East tensions and supply cuts are pushing sector momentum, but rapid reversals (including false/mixed government statements) are amplifying intraday swings for integrated producers like Chevron. Read More.
- Negative Sentiment: Shares have traded lower relative to the market in recent sessions amid the oil‑price whipsaw and profit‑taking; headlines cite CVX falling more steeply than broader indices. Read More.
- Negative Sentiment: Insider selling: R. Hewitt Pate disclosed a sale of 47,200 shares at roughly $192 — an SEC filing that some investors view as a signal to lighten exposure (though sales can be routine). Read More.
- Negative Sentiment: Operational/region risk: Reports indicate possible suspension of production at the Leviathan gas field offshore Israel — any production interruptions in geopolitical hotspots can dent near‑term volumes and revenue. Read More.
- Negative Sentiment: Geopolitical de‑escalation headlines (e.g., expectations of a quick end to the Iran conflict) have triggered sharp oil price pullbacks that pressured Chevron shares after recent gains. Read More.
Hedge Funds Weigh In On Chevron
A number of large investors have recently made changes to their positions in CVX. Vanguard Group Inc. lifted its holdings in 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 worth $28,540,753,000 after purchasing an additional 27,961,463 shares in the last quarter. Norges Bank purchased a new position in Chevron during the 4th quarter valued at about $3,727,586,000. State Street Corp increased its position in shares of 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 lifted its holdings in shares of Chevron by 6.6% in the fourth 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 in the last quarter. Finally, Primecap Management Co. CA purchased a new stake in shares of Chevron in the third quarter worth about $988,083,000. 72.42% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on CVX shares. BMO Capital Markets restated an "outperform" rating and set a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. Piper Sandler cut their target price on Chevron from $178.00 to $174.00 and set an "overweight" rating on the stock in a research note on Thursday, January 8th. Argus set a $203.00 target price on Chevron in a report on Tuesday, February 3rd. Finally, Bank of America increased their price target on Chevron from $188.00 to $206.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron has an average rating of "Hold" and a consensus price target of $178.95.
View Our Latest Stock Report on CVX
Chevron Company Profile
(
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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