Key Points
- Chevron CEO Michael Wirth sold 317,100 shares at an average price of $200.46, generating approximately $63.6 million and reducing his reported stake by 92.34% to 26,308 shares.
- Chevron reported quarterly earnings of $6.06 per share, exceeding estimates, while revenue rose 57.4% year over year to $67.2 billion. The company also declared a $1.78 quarterly dividend, representing a 3.5% yield.
- Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $207.13, although falling oil prices and the large insider sale could pressure investor sentiment.
Chevron Corporation (NYSE:CVX - Get Free Report) CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. The trade was a 92.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Chevron Stock Performance
NYSE CVX opened at $205.77 on Wednesday. The company has a 50-day simple moving average of $183.95 and a two-hundred day simple moving average of $187.50. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $214.71. The firm has a market cap of $406.55 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 0.61 and a beta of 0.49.
Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. The company's quarterly revenue was up 57.4% on a year-over-year basis. On average, equities analysts forecast that Chevron Corporation will post 15.86 EPS for the current year.
Chevron Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is presently 68.26%.
Key Stories Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron reported an oil and gas condensate discovery at the 105-4X exploration well in offshore Angola’s Block 0. The well encountered a hydrocarbon column exceeding 600 meters, with more than 90 meters of net pay; its proximity to existing infrastructure could enable a lower-cost tie-back and support future production growth. Chevron finds oil, gas condensate offshore Angola
- Positive Sentiment: Equinor agreed to acquire a 17.4% interest in Chevron-operated petroleum exploration licence PEL 90 offshore Namibia. The deal brings a major partner into the Orange Basin, helps share exploration costs and supports plans to drill during 2026 while Chevron retains operatorship. Norway's Equinor takes stake in Chevron Namibia exploration licence
- Positive Sentiment: Unusually heavy call-option activity indicated increased bullish interest in CVX, with 62,675 calls purchased—about 45% above average daily volume.
- Neutral Sentiment: Recent investor commentary continues to highlight Chevron’s appeal as a reliable dividend stock, but energy-sector income and valuation remain sensitive to oil and natural-gas prices.
- Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported ownership by 92.34%. While insider sales can be scheduled or personal, the size of the transaction may weigh on sentiment. Chevron CEO Form 4 filing
- Negative Sentiment: A retreat in oil prices pressured the stock by reducing the near-term outlook for upstream revenue and cash flow, partially offsetting the benefit of Chevron’s exploration news. Chevron Corporation drops as oil price retreats
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on CVX shares. Sanford C. Bernstein increased their price objective on Chevron from $204.00 to $209.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $216.00 target price on shares of Chevron in a research note on Wednesday, May 6th. UBS Group reiterated a "buy" rating on shares of Chevron in a report on Tuesday, June 23rd. Dbs Bank raised shares of Chevron to a "moderate buy" rating in a report on Thursday, August 6th. Finally, Scotiabank boosted their price objective on shares of Chevron from $168.00 to $187.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 22nd. Twenty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $207.13.
View Our Latest Analysis on CVX
Institutional Investors Weigh In On Chevron
Large investors have recently made changes to their positions in the business. Henson Edgewater Management LLC raised its holdings in shares of Chevron by 11.9% during the second quarter. Henson Edgewater Management LLC now owns 1,320 shares of the oil and gas company's stock valued at $219,000 after acquiring an additional 140 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in Chevron in the second quarter worth $6,702,000. Pin Oak Investment Advisors Inc. bought a new stake in Chevron in the second quarter valued at $2,544,000. 49 Wealth Management LLC bought a new stake in Chevron in the second quarter valued at $928,000. Finally, Unconventional Investor LLC purchased a new position in Chevron during the 2nd quarter valued at $268,000. 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.
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