Chevron (NYSE:CVX) Insider R. Hewitt Pate Sells 2,470 Shares

Chevron Corporation (NYSE:CVX) insider R. Hewitt Pate sold 2,470 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the sale, the insider owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Chevron Stock Up 0.0%

Shares of NYSE CVX opened at $205.85 on Friday. The firm has a fifty day simple moving average of $184.67 and a two-hundred day simple moving average of $187.95. The firm has a market capitalization of $406.71 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 0.63 and a beta of 0.49. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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 net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same period last year, the business posted $1.77 earnings per share. Chevron’s quarterly revenue was up 57.4% compared to the same quarter last year. Equities analysts expect that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. Chevron’s dividend payout ratio is currently 68.26%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Brent crude approached $94–$95 per barrel after a fifth consecutive daily gain, driven by renewed Middle East tensions and disruption concerns around the Strait of Hormuz. Higher oil prices generally improve Chevron’s upstream revenue, margins and shareholder-return capacity. Chevron jumps as Brent crude approaches $94
• Positive Sentiment: Chevron confirmed an oil and gas condensate discovery at the 105-4X well in offshore Angola’s Block 0. Because the discovery is near existing infrastructure, a potential tie-back could provide a relatively cost-efficient path to additional production and strengthen long-term growth prospects. Chevron Angola discovery analysis
• Positive Sentiment: Equinor’s agreement to acquire a 17.4% interest in Chevron-operated offshore Namibia exploration license PEL 90 will help share exploration costs while Chevron retains operatorship. The arrangement reduces CVX’s financial exposure ahead of planned drilling. Chevron and Equinor strengthen Namibia exploration
• Positive Sentiment: Technical and options-market signals are supportive: reports say CVX broke above roughly $196 resistance, while traders purchased an unusually large volume of call options. Morgan Stanley also expects the stock to reach a new high and maintains a constructive view.
• Positive Sentiment: Chevron’s $1.78 quarterly dividend, equivalent to $7.12 annually and an approximate 3.5% yield, continues to attract income-focused investors. The company’s recent quarterly results also exceeded expectations, with EPS of $6.06 versus $5.55 expected and revenue of $67.2 billion versus $62.72 billion forecast.
• Neutral Sentiment: Despite the favorable catalysts, Chevron’s near-term performance remains highly dependent on crude prices. A de-escalation in the Middle East or a pullback in oil could reverse some of the recent energy-sector momentum.
• Negative Sentiment: Insider selling may create a modest sentiment overhang. Andrew Benjamin Walz sold 16,800 shares, leaving 14 shares, while R. Hewitt Pate sold 2,470 shares. These transactions may reflect personal liquidity or diversification rather than a negative view of Chevron’s outlook. Chevron insider sale report

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Mizuho set a $224.00 target price on shares of Chevron in a report on Monday, August 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $216.00 price target on shares of Chevron in a research report on Wednesday, May 6th. Morgan Stanley lifted their target price on Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a research report on Wednesday. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Finally, Barclays decreased their target price on Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average price target of $207.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. United Bank boosted its stake in shares of Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 796 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Chevron by 9.0% during the 2nd 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. BNP Paribas lifted its position in shares of Chevron by 76.4% during the second quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 191 shares during the last quarter. Osterweis Capital Management Inc. lifted its position in Chevron by 678.9% during the second quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock valued at $195,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Chevron by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock valued at $2,299,000 after buying an additional 553 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

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.