Chevron (NYSE:CVX) Insider R. Hewitt Pate Sells 40,200 Shares

Chevron Corporation (NYSE:CVX - Get Free Report) insider R. Hewitt Pate sold 40,200 shares of the business's stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the transaction, the insider owned 8,638 shares of the company's stock, valued at $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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R. Hewitt Pate also recently made the following trade(s):

• On Friday, March 6th, R. Hewitt Pate sold 47,200 shares of Chevron stock. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00.
• 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 Up 0.7%

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Shares of CVX stock opened at $198.77 on Friday. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $214.71. The stock's fifty day moving average price is $188.51 and its two-hundred day moving average price is $166.43. 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 $396.63 billion, a PE ratio of 29.85, a P/E/G ratio of 1.64 and a beta of 0.60.

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

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid 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 yield of 3.6%. Chevron's payout ratio is presently 106.91%.

Analyst Ratings Changes

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Several brokerages recently issued reports on CVX. Mizuho lifted their price target on shares of Chevron from $206.00 to $217.00 and gave the company an "outperform" rating in a report on Tuesday, March 17th. BMO Capital Markets restated an "outperform" rating and issued a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. Melius Research raised shares of Chevron from a "hold" rating to a "buy" rating and set a $205.00 target price on the stock in a research note on Tuesday, February 17th. Morgan Stanley upped their price target on shares of Chevron from $174.00 to $212.00 and gave the stock an "overweight" rating in a report on Friday, March 27th. Finally, Sanford C. Bernstein increased their price target on Chevron from $170.00 to $172.00 and gave the company a "market perform" rating in a research note on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $187.64.

Get Our Latest Analysis on Chevron

Institutional Investors Weigh In On Chevron

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Chevron by 17.9% during the third 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 acquiring an additional 27,961,463 shares during the last quarter. Norges Bank bought a new stake in shares of Chevron in the fourth quarter worth $3,727,586,000. State Street Corp increased its holdings in Chevron by 9.1% in 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 purchasing an additional 12,789,399 shares during the period. Berkshire Hathaway Inc raised its position in Chevron by 6.6% during 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 purchasing an additional 8,091,570 shares during the last quarter. Finally, Primecap Management Co. CA bought a new position in Chevron during the 3rd quarter worth $988,083,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude spiked above $109 amid escalating Iran conflict and Strait of Hormuz concerns, boosting revenue expectations for integrated producers like Chevron. Oil Spikes Above $109...
• Positive Sentiment: Citigroup raised its price target on CVX to $235 and maintained a "buy" rating — a direct analyst catalyst that can drive demand. Benzinga
• Positive Sentiment: Chevron confirmed exclusive power-supply talks and project work tied to Microsoft/AI data-center demand, and is linked to a potential $7B Texas energy project — supports long-term cash flow diversification and higher-margin power supply contracts. Chevron-Microsoft Deal Powers $7B Texas AI Energy Project
• Positive Sentiment: Multiple analyst upgrades and bullish coverage (Zacks upgrade, Morgan Stanley price-target increases, bullish Motley Fool pieces) are lifting sentiment and supporting higher valuations. Chevron Upgraded to Buy (Zacks)
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea — a production-growth driver over coming years. Chevron Makes FID in Aseng Gas Project
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — an event that could create short-term volatility when results/ guidance are released. Earnings Call Advisory
• Neutral Sentiment: Operational tech push: Chevron is expanding robotics and drone inspections across oilfields to cut costs and improve safety — positive long-term efficiency but gradual in impact. Is Chevron's Robotics Strategy the Future of Oilfields?
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, tightening LNG supply and introducing near-term earnings and contract-delivery uncertainty for CVX. Wheatstone LNG Outage Tests Chevron
• Negative Sentiment: Insider R. Hewitt Pate disclosed a large sale of 40,200 shares (late March), which some investors may view as a near-term negative signal. SEC Form 4 — Insider Sale

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.

Further Reading

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