Chevron (NYSE:CVX) Insider R. Hewitt Pate Sells 47,200 Shares

Key Points

• Chevron insider R. Hewitt Pate sold 47,200 shares on March 6 at an average price of $192.12 for about $9.07 million, leaving him with 8,558 shares — an 84.65% reduction after several recent large disposals.
• Chevron raised its quarterly dividend to $1.78 (from $1.71), a roughly 4% increase that annualizes to $7.12 and yields about 3.8%, extending 39 consecutive years of annual dividend growth despite a payout ratio near 107%.
• Operational results were mixed: Chevron beat quarterly EPS estimates ($1.52 vs. $1.44) but missed revenue ($45.79B vs. $48.18B) with revenue down 10.2% year‑over‑year; shares traded lower and the consensus analyst rating is "Hold" with an average target of $178.95.

Chevron Corporation (NYSE:CVX - Get Free Report) insider R. Hewitt Pate sold 47,200 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the completion of the transaction, the insider owned 8,558 shares in the company, valued at $1,644,162.96. This represents a 84.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

R. Hewitt Pate also recently made the following trade(s):

• On Friday, February 27th, R. Hewitt Pate sold 35,475 shares of Chevron stock. The shares were sold at an average price of $186.06, for a total transaction of $6,600,478.50.
• On Monday, March 2nd, R. Hewitt Pate sold 58,000 shares of Chevron stock. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00.
• On Friday, January 30th, R. Hewitt Pate sold 41,134 shares of Chevron stock. The shares were sold at an average price of $176.40, for a total transaction of $7,256,037.60.

Chevron Trading Down 1.6%

Shares of CVX stock traded down $3.06 during trading hours on Tuesday, reaching $186.38. The company had a trading volume of 11,964,014 shares, compared to its average volume of 12,209,688. 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 Corporation has a 1-year low of $132.04 and a 1-year high of $192.41. The company has a 50 day moving average of $174.15 and a 200 day moving average of $161.09. The firm has a market cap of $371.89 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.91 and a beta of 0.67.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company's quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 earnings per share. On average, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Chevron's previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron's payout ratio is currently 106.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CVX shares. Zacks Research upgraded Chevron from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 23rd. TD Cowen increased their target price on Chevron from $160.00 to $168.00 and gave the stock a "hold" rating in a research note on Monday, February 2nd. Wells Fargo & Company upped their price target on shares of Chevron from $196.00 to $204.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Chevron from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Chevron currently has a consensus rating of "Hold" and an average target price of $178.95.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Quarterly dividend: Chevron is paying a $1.78 quarterly dividend (4% increase) and has 39 consecutive years of annual dividend growth — a stabilizing income factor that supports investor demand. Chevron Pays $1.78 Dividend Today Backed by 39 Years of Unbroken Growth
• Positive Sentiment: Commercial win: Chevron secured a five‑year gas supply deal with Horizon Power, underpinning contracted cash flow and regional energy reliability. Chevron Secures Long-Term Gas Supply Deal With Horizon Power
• Positive Sentiment: M&A interest: Reuters reports Chevron has expressed interest in buying ~30% of Brazil’s fuel distributor Ipiranga — a deal could expand downstream exposure in a growth market. Brazil's Ultrapar taps BTG for possible Ipiranga stake sale, Chevron interest reported
• Neutral Sentiment: Sector research: Multiple industry reports highlight long-term market opportunities (oil shale, infrastructure, connected oilfield tech) that could benefit Chevron over time but are not near-term drivers of today’s move. Oil Shale Industry Report 2026-2035
• Neutral Sentiment: Valuation/strategy commentary: Analysts and commentaries debate whether Chevron remains a safe defensive energy play versus being extended after the recent run-up — useful context for positioning but mixed in directional impact. Chevron: Avoid Market Top Bargains
• Negative Sentiment: Oil-price whipsaw: Rapid headlines — including a false Energy Department social post and President Trump's comments predicting a swift end to the Iran conflict — sent oil tumbling intraday, knocking energy names including Chevron lower as commodity-driven earnings expectations shifted. Oil Prices Bounce As Iran Blockade Holds; S&P 500 Slips
• Negative Sentiment: Sentiment/institutional caution: Coverage questioning whether “smart money” is stepping back from Chevron’s bull case signals possible institutional rebalancing or profit‑taking after the rally. That can amplify downward pressure when oil volatility reverses. Why the Smart Money May Be Abandoning the Bull Case for Chevron Stock
• Negative Sentiment: Operational and regulatory risks: Reports of suspending production at the Leviathan gas field (Israel) and public clashes with California policymakers add operational and regulatory uncertainty that can weigh on near-term outlook. Chevron Corporation (CVX) to Suspend Production at Leviathan Gas Field Offshore Israel
• Negative Sentiment: Political friction: Chevron’s public criticism of California policy highlights potential state-level regulatory headwinds that could raise costs or constrain operations in a key refining/markets footprint. Chevron Slams Gavin Newsom's 'Disastrous' Energy Policy

Hedge Funds Weigh In On Chevron

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PeakShares LLC acquired a new position in shares of Chevron during the 4th quarter worth about $1,235,000. Rubicon Advisors GP acquired a new stake in Chevron in the 4th quarter valued at about $432,000. Corient Private Wealth LLC grew its holdings in Chevron by 18.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,629,205 shares of the oil and gas company's stock worth $400,684,000 after purchasing an additional 418,658 shares during the period. Union Savings Bank bought a new position in Chevron during the fourth quarter worth about $1,008,000. Finally, Redwood Family Wealth LLC acquired a new position in Chevron during the fourth quarter worth approximately $492,000. 72.42% of the stock is owned by 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.

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