Rep. Maria Elvira Salazar Acquires Shares of Chevron Corporation (NYSE:CVX)

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Chevron Corporation (NYSE:CVX). In a filing disclosed on October 7th, the Representative disclosed that they had bought between $1,001 and $15,000 in Chevron stock on September 2nd. The trade occurred in the Representative’s “UBS BROKERAGE ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Chevron Stock Performance

Shares of CVX opened at $211.87 on Friday. 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 moving average of $204.50 and a two-hundred day moving average of $193.07. The stock has a market cap of $418.60 billion, a P/E ratio of 20.31, a P/E/G ratio of 0.59 and a beta of 0.53. Chevron Corporation has a one year low of $146.49 and a one year high of $217.78.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The company’s revenue was up 57.4% on a year-over-year basis. As a group, research analysts predict that Chevron Corporation will post 17.47 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. Chevron’s payout ratio is currently 68.26%.

Hedge Funds Weigh In On Chevron

Several institutional investors have recently made changes to their positions in CVX. BlackRock Inc. acquired a new stake in Chevron during the 2nd quarter valued at $25,663,729,000. Bank of New York Mellon Corp purchased a new stake in shares of Chevron in the second quarter valued at $2,378,114,000. Legal & General Group Plc purchased a new stake in shares of Chevron in the second quarter valued at $1,462,412,000. Berkshire Hathaway Inc boosted its stake in shares of Chevron by 6.6% during the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after acquiring an additional 8,091,570 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Chevron during the second quarter valued at $1,189,577,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. HSBC set a $90.00 price objective on shares of Chevron in a research note on Friday, September 25th. Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. UBS Group raised their target price on shares of Chevron from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday. Finally, BMO Capital Markets boosted their target price on shares of Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $210.24.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings: Crude’s rise, driven by geopolitical supply concerns, has strengthened the investment case for Chevron and helped lift the broader energy sector. UBS reportedly raised its Chevron price target to $235. Why Is Chevron Stock Surging on Thursday?
• Positive Sentiment: Analyst and research support: Piper Sandler maintained its Buy rating, while Zacks highlighted Chevron as its Bull of the Day. Commentary also points to strong cash generation, rising estimates and shareholder returns as reasons to remain constructive. Piper Sandler Sticks to Their Buy Rating for Chevron
• Positive Sentiment: Portfolio optimization: Chevron agreed to sell Hess Midstream and DJ Basin assets to Hess Midstream for revised Bakken contracts and approximately $200 million in cash. The transaction is intended to reduce costs and streamline the portfolio, with reports citing potential cost reductions of about 50%. Hess Midstream Acquires Chevron DJ Basin Assets, Restructures
• Neutral Sentiment: Gulf storm response: Chevron has evacuated workers and shut in production at four Gulf facilities as Hurricane Isaias approaches. Temporary supply reductions could support fuel and crude prices, but the storm also creates risks of operational delays, refinery disruptions and higher logistics costs. Shell, Chevron, BP Pull Crews as Hurricane Isaias Barrels Toward Gulf Coast Refineries
• Negative Sentiment: Mixed analyst views and policy risk: Some analysts remain cautious, and CEO Mike Wirth warned against a diesel-export ban, arguing that restricting exports could distort fuel markets and harm supply. The Hess Midstream deal also reduces near-term earnings expectations for that partner, underscoring execution and valuation uncertainty. Chevron CEO Warns White House Against Diesel Export Ban

Insider Activity

In other news, Director John B. Hess sold 710,665 shares of Chevron stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the sale, the director directly owned 363,711 shares in the company, valued at $70,596,305.10. The trade was a 66.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew 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 transaction of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,152,582 shares of company stock worth $225,853,661. Company insiders own 0.56% of the company’s stock.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

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.