Insider Selling: Chevron (NYSE:CVX) Insider Sells 22,200 Shares of Stock

Chevron Corporation (NYSE:CVX) insider Andrew Benjamin Walz sold 22,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the sale, the insider owned 666 shares in the company, valued at $117,568.98. The trade was a 97.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Chevron Stock Down 1.1%

NYSE CVX traded down $2.03 during trading on Thursday, reaching $179.20. 10,443,539 shares of the company’s stock were exchanged, compared to its average volume of 13,497,938. The stock has a market cap of $360.83 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 12.50 and a beta of 0.70. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $182.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The company has a 50 day moving average price of $158.11 and a two-hundred day moving average price of $156.02.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. On average, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s payout ratio is presently 102.70%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CVX. Raymond James Financial reiterated an “outperform” rating and issued a $160.00 price objective (down previously from $170.00) on shares of Chevron in a research note on Friday, October 17th. Morgan Stanley reduced their price target on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Citigroup lowered their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Jefferies Financial Group upped their target price on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Scotiabank reissued a “sector perform” rating and set a $168.00 price target on shares of Chevron in a report on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $175.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Odyssey Capital Advisors Inc. purchased a new stake in Chevron in the 4th quarter valued at approximately $537,000. Aegis Wealth Management Inc. acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $202,000. Pacific Heights Asset Management LLC boosted its stake in shares of Chevron by 31.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 275,000 shares of the oil and gas company’s stock valued at $41,913,000 after buying an additional 65,000 shares in the last quarter. Gabelli Funds LLC grew its holdings in Chevron by 3.8% during the fourth quarter. Gabelli Funds LLC now owns 491,447 shares of the oil and gas company’s stock worth $74,901,000 after acquiring an additional 17,850 shares during the period. Finally, Requisite Capital Management LLC lifted its holdings in Chevron by 67.1% in the fourth quarter. Requisite Capital Management LLC now owns 8,222 shares of the oil and gas company’s stock valued at $1,253,000 after acquiring an additional 3,302 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Company raised its quarterly dividend (to $1.78) and markets are re-emphasizing Chevron’s cash-return story, which supports demand from income-focused investors. Dividend Hike Coverage
• Positive Sentiment: Analyst support and target increases (several buy/overweight notes and price-target bumps) have helped push sentiment and contributed to recent gains. Analyst Upgrade / 12-Month High
• Positive Sentiment: Chevron signed an initial memorandum to explore offshore Syrian waters with a Qatari partner — a potential long‑term production growth opportunity if geopolitical and sanction issues can be managed. Reuters: Syrian waters deal
• Neutral Sentiment: Q4 results were mixed — EPS beat modestly but revenue and net income fell year‑over‑year; that supports the cash‑flow narrative but tempers upside from growth metrics. Q4 Presentation
• Neutral Sentiment: Senior leadership changes were announced for strategy, trading and business development — internal promotions reduce execution risk but are not an immediate earnings catalyst. Reuters: leadership changes
• Negative Sentiment: Significant insider selling disclosed this week (CFO, Vice Chairman, other senior officers) — large, concentrated disposals have spooked some investors and can create short‑term downward pressure on the stock. SEC Form 4 (CFO sale)
• Negative Sentiment: Oil prices slipped after geopolitical risk eased (U.S.–Iran tensions cooled), reducing the sector’s near‑term revenue outlook and weighing on integrated majors like Chevron. Oil Price Slide
• Negative Sentiment: Some shops (HSBC, others) have trimmed estimates or moved to Hold, warning that much of Chevron’s rally may be priced in — such notes can cap further upside. HSBC Cut

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.