Key Points
- Chevron insider Andrew Benjamin Walz sold 16,800 shares at an average price of $201.06, generating approximately $3.38 million and reducing his direct holdings by 99.92% to just 14 shares.
- Chevron reported stronger-than-expected quarterly results, with earnings per share of $6.06 versus the $5.55 consensus estimate and revenue of $67.2 billion. The company also declared a $1.78 quarterly dividend, representing a 3.5% annualized yield.
- Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $207.48 price target, while new exploration developments in Angola and Namibia could support future production growth.
Chevron Corporation (NYSE:CVX - Get Free Report) insider Andrew Benjamin Walz sold 16,800 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Chevron Stock Performance
Shares of CVX opened at $205.78 on Thursday. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The stock has a market capitalization of $406.57 billion, a PE ratio of 19.73, a PEG ratio of 0.63 and a beta of 0.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The stock has a 50-day simple moving average of $184.27 and a 200-day simple moving average of $187.75.
Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion for the quarter, compared to analysts' expectations of $62.72 billion. During the same quarter last year, the company earned $1.77 earnings per share. The firm's revenue was up 57.4% compared to the same quarter last year. On average, analysts predict that Chevron Corporation will post 15.86 earnings per share for the current fiscal year.
Chevron Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron's payout ratio is presently 68.26%.
Key Chevron News
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Investors purchased 62,675 CVX call options, approximately 45% above average volume, signaling increased bullish positioning and potentially helping support the stock.
- Positive Sentiment: Chevron’s offshore Angola discovery encountered a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay. Its proximity to existing infrastructure could allow a lower-cost tie-back and add future oil and gas production. Chevron’s Angola discovery
- Positive Sentiment: Equinor agreed to acquire a 17.4% stake in Chevron-operated exploration licence PEL 90 offshore Namibia. The partnership shares exploration costs while Chevron retains operatorship ahead of planned 2026 drilling, reducing CVX’s financial exposure to the project. Equinor takes stake in Chevron Namibia exploration licence
- Positive Sentiment: Analyst commentary remains constructive, with Morgan Stanley reportedly expecting further upside. Chevron’s latest quarterly results also exceeded expectations, with EPS of $6.06 versus $5.55 expected and revenue of $67.2 billion versus $62.72 billion forecast.
- Positive Sentiment: Chevron’s $1.78 quarterly dividend, equivalent to a 3.5% annualized yield, reinforces its appeal to income-focused investors.
- Neutral Sentiment: The main near-term driver remains crude prices: stronger oil prices improve upstream revenue and cash flow, while any retreat can quickly pressure CVX shares and offset positive project news.
- Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported holdings by 92.34%. The sale may weigh on sentiment, although insider transactions can reflect personal financial planning rather than a change in the company’s outlook. Chevron CEO Form 4 filing
Wall Street Analyst Weigh In
A number of analysts have weighed in on CVX shares. Bank of America raised their price objective on shares of Chevron from $210.00 to $227.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Scotiabank boosted their price target 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. Morgan Stanley lifted their price target on Chevron from $210.00 to $218.00 and gave the stock an "overweight" rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. Finally, Barclays cut their price objective on shares of Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday. Twenty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.48.
Get Our Latest Stock Analysis on CVX
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Cornerstone Advisory LLC lifted its position in shares of Chevron by 0.9% in the first quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company's stock valued at $1,164,000 after acquiring an additional 52 shares in the last quarter. Compton Financial Group LLC grew its holdings in shares of Chevron by 1.9% during the first quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company's stock worth $609,000 after buying an additional 56 shares in the last quarter. Quantum Portfolio Management LLC raised its position in shares of Chevron by 2.7% in the first quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company's stock valued at $435,000 after buying an additional 56 shares during the last quarter. Wealthspire Retirement LLC lifted its stake in shares of Chevron by 0.9% during the first quarter. Wealthspire Retirement LLC now owns 6,530 shares of the oil and gas company's stock valued at $1,351,000 after buying an additional 56 shares during the period. Finally, D.B. Root & Company LLC lifted its stake in shares of Chevron by 1.0% during the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company's stock worth $846,000 after purchasing an additional 57 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.
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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