Chevron (NYSE:CVX) Insider Andrew Benjamin Walz Sells 16,800 Shares

Key Points

• Chevron insider Andrew Benjamin Walz sold 16,800 shares at an average price of $201.06, generating approximately $3.38 million. His remaining direct ownership fell to just 14 shares, a 99.92% reduction.
• Chevron exceeded quarterly expectations, reporting $6.06 in EPS versus the $5.55 consensus and $67.20 billion in revenue, up 57.4% year over year.
• The company declared a $1.78 quarterly dividend, equivalent to a 3.5% annualized yield. Analysts maintain a “Moderate Buy” consensus, with an average price target near $207.

Chevron Corporation (NYSE:CVX - Get Free Report) insider Andrew Benjamin Walz sold 16,800 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Chevron Price Performance

Shares of CVX stock traded up $0.04 on Wednesday, reaching $205.78. The company had a trading volume of 8,683,964 shares, compared to its average volume of 10,888,224. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $406.57 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49. The business's 50-day moving average is $183.95 and its 200 day moving average is $187.50.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 earnings per share. Equities research analysts forecast that Chevron Corporation will post 15.86 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is 68.26%.

Institutional Trading of Chevron

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Chevron in the second quarter worth approximately $25,663,729,000. State Street Corp increased its stake in shares of Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc lifted its position in shares of Chevron by 6.6% during the 4th 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 period. Geode Capital Management LLC boosted its stake in Chevron by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company's stock worth $6,620,187,000 after acquiring an additional 134,890 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Chevron by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company's stock worth $5,492,377,000 after purchasing an additional 961,341 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported an oil and gas condensate discovery at the 105-4X well in offshore Angola’s Block 0. The discovery’s proximity to existing infrastructure could allow a lower-cost tie-back and create a new source of production growth. Chevron’s Angola discovery could open a new growth chapter
• Positive Sentiment: Equinor agreed to acquire a 17.4% stake in Chevron-operated exploration licence PEL 90 offshore Namibia. The partnership shares exploration costs and risks while Chevron retains operatorship ahead of a planned 2026 well. Equinor takes stake in Chevron Namibia exploration licence
• Positive Sentiment: Chevron’s latest quarterly results exceeded expectations, with earnings of $6.06 per share versus the $5.55 consensus estimate and revenue of $67.20 billion. The sharp year-over-year improvement reinforces the company’s current earnings momentum.
• Positive Sentiment: Unusually high call-option activity reflected increased bullish positioning, with 62,675 calls purchased—about 45% above typical volume.
• Neutral Sentiment: Chevron’s $1.78 quarterly dividend, equal to a 3.5% annualized yield, continues to attract income-focused investors. However, the stock’s valuation and payout remain exposed to fluctuations in oil and natural-gas prices.
• Neutral Sentiment: Analysts maintain a generally favorable view, with a consensus “Moderate Buy” rating and an average price target of $207.13, suggesting limited upside from current levels.
• Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported stake by 92.34%. The sale may weigh on sentiment, although insider transactions can reflect personal financial planning rather than a change in business outlook. Chevron CEO share sale
• Negative Sentiment: A retreat in crude-oil prices has pressured energy stocks by reducing the near-term outlook for upstream revenue and cash flow, partially offsetting Chevron’s exploration and earnings catalysts. Chevron stock and retreating oil prices

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CVX shares. Wolfe Research raised shares of Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price on the stock in a report on Thursday, July 2nd. TD Cowen lifted their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. Zacks Research cut shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 8th. Wall Street Zen raised Chevron from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $216.00 target price on shares of Chevron in a report on Wednesday, May 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.48.

Chevron Company Profile

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.

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