Chevron (NYSE:CVX) Insider Sells $8,574,660.00 in Stock

Chevron Corporation (NYSE:CVX) insider R. Hewitt Pate sold 40,200 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the sale, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. This trade represents a 82.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 shares were 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 stock was 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 Price Performance

Shares of CVX stock traded up $2.65 during trading hours on Thursday, hitting $200.06. 3,815,541 shares of the company’s stock were exchanged, compared to its average volume of 13,111,735. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $214.71. The stock’s 50-day moving average is $187.86 and its 200-day moving average is $166.20. The stock has a market cap of $399.19 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last released its earnings results 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. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the prior year, the company posted $2.06 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. As a group, research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. Chevron’s dividend payout ratio is currently 106.91%.

Hedge Funds Weigh In On Chevron

A number of hedge funds have recently added to or reduced their stakes in the stock. United Bank increased its position in shares of Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Chevron by 84.6% in the second quarter. Edgestream Partners L.P. now owns 35,829 shares of the oil and gas company’s stock worth $5,130,000 after purchasing an additional 16,417 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Chevron by 293.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 796,874 shares of the oil and gas company’s stock worth $114,104,000 after acquiring an additional 594,332 shares during the period. Finally, WCG Wealth Advisors LLC acquired a new position in shares of Chevron in the second quarter worth approximately $1,699,000. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a report on Tuesday, January 20th. UBS Group reiterated a “buy” rating and set a $212.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Finally, Barclays lifted their price target on Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $186.50.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea, which adds long‑term upstream/gas value and future cash flow potential. Chevron makes final investment decision in Equatorial Guinea’s Aseng gas project
• Positive Sentiment: Chevron, Microsoft and Engine No. 1 signed an exclusivity agreement on power supply for a potential $7B Texas power project — a move that could secure a large, long‑duration customer and de‑risk a major low‑carbon power initiative. Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
• Positive Sentiment: Analyst optimism is rising — Morgan Stanley raised its CVX price target to $212 and Zacks upgraded the stock to a Buy, both of which can support demand and lift sentiment. Chevron (CVX) Price Target Raised to $212 Chevron (CVX) Upgraded to Buy
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — investors will focus on guidance, LNG updates and capital allocation comments at the event. Advisory: Chevron Corporation’s 1Q 2026 Earnings Conference Call and Webcast
• Neutral Sentiment: Chevron announced senior leadership changes and continued business development (e.g., a partnership with Libya’s NOC) — these are strategic but will affect valuation only if they alter production or capital plans. Chevron Partners With Libya’s NOC to Unlock Offshore Potential Chevron Announces Senior Leadership Changes
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, tightening Chevron’s LNG supply and creating near‑term earnings and delivery risk for contracted volumes. Wheatstone LNG Outage Tests Chevron Valuation And Earnings Resilience
• Negative Sentiment: Macro/geopolitical headlines are driving volatility — reports that Iran may seek to end hostilities unwound the oil risk premium and triggered a sharp intraday selloff in U.S. oil majors, with CVX falling alongside peers. This remains the primary driver of short‑term share moves. Exxon Mobil and Chevron Fall 5%: What Iran’s President Just Did to U.S. Oil Stocks

About Chevron

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.