Chevron (NYSE:CVX) Director John Hess Sells 195,000 Shares of Stock

Chevron Corporation (NYSE:CVX) Director John Hess sold 195,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $184.78, for a total value of $36,032,100.00. Following the completion of the transaction, the director directly owned 658,045 shares of the company’s stock, valued at $121,593,555.10. The trade was a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Chevron Stock Performance

NYSE CVX opened at $181.37 on Friday. Chevron Corporation has a 1-year low of $133.77 and a 1-year high of $214.71. The company has a market capitalization of $361.35 billion, a P/E ratio of 31.43, a PEG ratio of 0.64 and a beta of 0.51. The business has a 50 day moving average price of $193.21 and a 200 day moving average price of $172.09. 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 quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The firm had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. During the same period last year, the business posted $2.18 EPS. Chevron’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Chevron Corporation will post 14.91 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is presently 123.40%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Zacks Research raised Chevron from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 3rd. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Mizuho raised their price target on Chevron from $206.00 to $217.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, Barclays raised their price target on Chevron from $180.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $202.74.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s first-quarter results beat profit expectations, with adjusted EPS of $1.41 versus the $0.97 consensus, reinforcing the company’s ability to generate earnings even amid volatile energy markets. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say
• Positive Sentiment: Goldman Sachs raised its price target on Chevron and kept a Buy rating, citing improved confidence in cash flow, production, and shareholder return plans after the earnings report. Goldman Sachs gives Chevron stock price new target after earnings
• Positive Sentiment: Multiple research notes and articles highlighted Chevron as a dividend aristocrat and a long-term value play, which can support investor interest in the stock. 3 ‘Strong Buy’ Dividend Aristocrat Stocks, 5/8/26
• Positive Sentiment: TD Cowen nudged its price target higher to $205 while maintaining a Hold rating, and Erste Group also lifted its FY2027 earnings estimate, signaling still-constructive expectations for Chevron’s earnings outlook.
• Neutral Sentiment: Analysts and commentary also pointed to Chevron’s LNG strategy and South Asian export growth as a longer-term earnings driver, but this is more of a strategic backdrop than an immediate catalyst. Can Chevron’s South Asian LNG Strategy Drive Long-Term Growth?
• Negative Sentiment: Despite the earnings beat, Chevron’s revenue came in below Wall Street estimates, which may be tempering enthusiasm and contributing to the stock’s weakness. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say

Hedge Funds Weigh In On Chevron

Several hedge funds have recently bought and sold shares of the stock. Triad Investment Management purchased a new position in Chevron during the first quarter worth $285,000. PNC Financial Services Group Inc. grew its position in shares of Chevron by 0.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,928,530 shares of the oil and gas company’s stock valued at $812,813,000 after purchasing an additional 22,350 shares during the period. Oslo Pensjonsforsikring AS purchased a new stake in shares of Chevron in the first quarter valued at $1,650,000. HORAN Wealth LLC grew its position in shares of Chevron by 101.6% in the first quarter. HORAN Wealth LLC now owns 18,030 shares of the oil and gas company’s stock valued at $3,730,000 after purchasing an additional 9,086 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Chevron in the first quarter valued at $1,044,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

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.