Chevron (NYSE:CVX) Stock Purchased by Rep. Maria Elvira Salazar

Key Points

• Rep. Maria Elvira Salazar purchased $1,001–$15,000 of Chevron stock on September 2 through a UBS brokerage account, while separately selling similarly sized positions in several major companies.
• Chevron reported strong quarterly results, with EPS of $6.06 beating estimates and revenue rising 57.4% year over year; the company also maintains a $1.78 quarterly dividend, yielding about 3.4% annually.
• Analyst sentiment is broadly positive, with several firms raising price targets and MarketBeat assigning Chevron a “Moderate Buy” consensus rating. However, investors face a potential $3 billion–$4 billion restructuring charge, storm-related production disruptions and policy risks.

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

CVX opened at $211.56 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. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $217.78. The firm has a market cap of $418.00 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 0.57 and a beta of 0.53. The business's fifty day moving average is $204.21 and its 200-day moving average is $192.94.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.Chevron's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.77 earnings per share. Sell-side analysts expect that Chevron Corporation will post 17.47 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron's dividend payout ratio is 68.26%.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices and supply concerns are supporting CVX. Crude oil moved above $92.60 as Middle East tensions raised concerns about global supply. Tropical Storm Isaias also prompted Gulf producers, including Chevron, to shut in some output, potentially tightening near-term fuel markets. Why Is Chevron Stock Surging on Thursday?
• Positive Sentiment: Analyst sentiment has improved. UBS raised its Chevron price target to $235, while Zacks upgraded the stock from “hold” to “strong buy.” Separate bullish commentary highlighted Chevron’s cash generation, estimates and dividend appeal. Chevron highlighted as Zacks Bull
• Positive Sentiment: The Hess Midstream restructuring could improve operating efficiency. Chevron is transferring its Hess Midstream interests and DJ Basin midstream assets in exchange for revised Bakken contracts and $200 million in cash. The arrangement is expected to reduce Bakken midstream costs by roughly 50%, eliminate about $3.7 billion of associated debt exposure and extend commercial agreements through 2045. Chevron Is Offloading Hess Midstream
• Neutral Sentiment: Gulf production interruptions are mixed for Chevron. Four operated facilities were shut in and some workers evacuated as the storm approached. Lost production may be temporary, while tighter regional supply could support realized prices; the ultimate effect depends on storm duration and restart costs. Chevron evacuates workers from Gulf platforms
• Negative Sentiment: The restructuring carries a sizable near-term charge. Reports estimate Chevron may take a $3 billion-$4 billion closing loss. Investors must weigh that hit against the expected cost savings and improved Bakken returns. Chevron’s Portfolio Reshaping Strategy
• Negative Sentiment: Policy risk remains. CEO Mike Wirth warned that a U.S. diesel-export ban could reduce global supply and worsen the energy crisis, highlighting potential regulatory uncertainty for Chevron’s refining and marketing businesses. Chevron CEO warns against diesel export ban

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. Mizuho set a $224.00 target price on shares of Chevron in a research report on Monday, August 3rd. BMO Capital Markets increased their price target on shares of Chevron from $210.00 to $235.00 and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Chevron from $190.00 to $222.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Chevron from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group raised their target price on Chevron from $216.00 to $233.00 and gave the company a "buy" rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $210.24.

Hedge Funds Weigh In On Chevron

A number of institutional investors have recently added to or reduced their stakes in the stock. Diversified Management Inc. lifted its stake in shares of Chevron by 304.1% in the 3rd quarter. Diversified Management Inc. now owns 5,981 shares of the oil and gas company's stock valued at $1,221,000 after acquiring an additional 4,501 shares during the last quarter. First Heartland Consultants Inc. grew its position in Chevron by 57.1% during the 3rd quarter. First Heartland Consultants Inc. now owns 7,362 shares of the oil and gas company's stock worth $1,566,000 after acquiring an additional 2,677 shares during the last quarter. Bonness Enterprises Inc. acquired a new position in Chevron in the 3rd quarter worth about $225,000. Farther Finance Advisors LLC raised its position in Chevron by 11.6% in the third quarter. Farther Finance Advisors LLC now owns 165,398 shares of the oil and gas company's stock valued at $34,286,000 after purchasing an additional 17,179 shares during the last quarter. Finally, Atwood & Palmer Inc. raised its position in Chevron by 50.6% in the third quarter. Atwood & Palmer Inc. now owns 7,493 shares of the oil and gas company's stock valued at $1,531,000 after purchasing an additional 2,519 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 317,100 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the sale, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,152,582 shares of company stock valued at $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.

Chevron Company Profile

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.

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