Insider Selling: Chevron (NYSE:CVX) Insider Sells $9,224,655.00 in Stock

Chevron Corporation (NYSE:CVX) insider R. Pate sold 40,700 shares of Chevron stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the completion of the sale, the insider directly owned 8,791 shares in the company, valued at $1,992,480.15. This trade represents a 82.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 19th, R. Pate sold 2,400 shares of Chevron stock. The stock was sold at an average price of $225.61, for a total transaction of $541,464.00.
• On Tuesday, August 18th, R. Pate sold 2,470 shares of Chevron stock. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70.

Chevron Price Performance

Shares of Chevron stock opened at $233.39 on Friday. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $233.74. The stock’s 50-day simple moving average is $210.61 and its 200-day simple moving average is $194.38. The company has a market capitalization of $461.13 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.54 and a beta of 0.53. 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 (NYSE:CVX) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $62.72 billion. During the same period in the previous year, the company posted $1.77 EPS. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, analysts expect that Chevron Corporation will post 18.20 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CVX. Midwest Capital Advisors LLC acquired a new stake in Chevron in the first quarter worth $25,000. Main Street Group LTD bought a new stake in Chevron during the first quarter valued at $28,000. Kilter Group LLC purchased a new stake in Chevron during the second quarter valued at about $28,000. Principia Wealth Advisory LLC grew its stake in shares of Chevron by 49.6% during the second quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 60 shares during the last quarter. Finally, Financial Connections Group Inc. raised its stake in shares of Chevron by 129.3% during the first quarter. Financial Connections Group Inc. now owns 211 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 119 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Barclays cut their price target on Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Wells Fargo & Company raised their target price on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Sanford C. Bernstein raised their target price on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $241.00 price target on shares of Chevron in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $213.96.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.