Chevron (NYSE:CVX) Stock Sale Reported by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of Chevron stock on September 23 in the HERN FAMILY FOUNDATION account, alongside sales of several other companies’ shares.
• Chevron shares opened at $222.05, near their 12-month high of $222.55. The company recently beat quarterly earnings and revenue expectations, reporting $6.06 in EPS and $67.20 billion in revenue.
• Chevron maintains a quarterly dividend of $1.78 per share, equal to a 3.2% annualized yield, while analysts collectively rate the stock “Moderate Buy” with a consensus price target of $213.08.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Chevron Corporation NYSE: CVX. In a filing disclosed on October 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Chevron stock on September 23rd. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 10/2/2026.
• Sold $15,001 - $50,000 in shares of Lockheed Martin NYSE: LMT on 9/23/2026.
• Sold $50,001 - $100,000 in shares of Devon Energy NYSE: DVN on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Devon Energy NYSE: DVN on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 9/23/2026.
• Sold $50,001 - $100,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/23/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/23/2026.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 9/23/2026.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Lockheed Martin NYSE: LMT on 9/17/2026.

Chevron Stock Performance

Shares of NYSE:CVX opened at $222.05 on Thursday. The company's 50 day moving average price is $206.20 and its two-hundred day moving average price is $193.23. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $222.55. The firm has a market cap of $438.71 billion, a PE ratio of 20.09, a PEG ratio of 0.60 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts' consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company's revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the company earned $1.77 EPS. Equities research analysts predict that Chevron Corporation will post 17.59 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is currently 68.26%.

Analyst Ratings Changes

CVX has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Chevron from $216.00 to $233.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Barclays cut their target price on Chevron from $216.00 to $208.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. JPMorgan Chase & Co. raised their target price on Chevron from $190.00 to $222.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Royal Bank Of Canada lifted their price target on Chevron from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, September 24th. Finally, UBS Group boosted their price target on Chevron from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 8th. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $213.08.

Institutional Trading of Chevron

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company's stock worth $28,016,651,000 after purchasing an additional 5,998,852 shares during the period. BlackRock Inc. bought a new position in Chevron in the 2nd quarter worth approximately $25,663,729,000. Berkshire Hathaway Inc grew its position in shares of Chevron by 6.6% in the fourth 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 purchasing an additional 8,091,570 shares in the last quarter. Bank of America Corp DE increased its position in shares of Chevron by 5.1% during the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company's stock valued at $5,716,694,000 after buying an additional 1,334,976 shares during the period. Finally, Invesco Ltd. lifted its stake in Chevron by 1.5% in the 4th quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company's stock worth $2,609,194,000 after purchasing an additional 254,323 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chevron news, insider Andrew Walz sold 16,800 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Hess sold 100,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the sale, the director owned 178,045 shares of the company's stock, valued at $34,587,021.70. The trade was a 35.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Insiders own 0.56% of the company's stock.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s recovery of U.S. Gulf of Mexico production after Hurricane Isaias, with no reported damage to its facilities, reduces the risk of a prolonged operational disruption. Chevron & Shell Lead U.S. Gulf Oil Production Recovery After Hurricane
• Positive Sentiment: Analysts at Erste Group raised their fiscal 2026 EPS forecast for Chevron to $16.90 from $16.09 and lifted the fiscal 2027 estimate to $13.78 from $13.52, reinforcing the view that earnings momentum remains favorable. Chevron analyst earnings estimates
• Positive Sentiment: Chevron is among the energy companies positioned to benefit from Venezuela’s oil revival and potential efforts to offset supply disruptions near the Strait of Hormuz. The opportunity could expand production and long-term cash flow, although execution and geopolitical risks remain. Venezuela's Oil Revival Is Gaining Momentum
• Positive Sentiment: Chevron’s integrated model—combining upstream production with refining and other businesses—continues to support dividend resilience when crude prices weaken. Its Beetaloo Basin expertise also helped deliver Australia’s first commercial gas, adding potential exposure to LNG demand. Oil Giants and Dividend Resilience
• Neutral Sentiment: Coverage of Chevron’s AI investment process indicates that management is evaluating AI projects based on measurable returns and competition for capital. The initiative may improve efficiency, but no immediate financial impact was identified. How CFOs Decide Which AI Bets Create Value
• Negative Sentiment: Chevron reportedly agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on near-term results despite stronger underlying earnings. Chevron Is Cleaning House Before the Earnings Peak Fades
• Negative Sentiment: Some valuation analysis views CVX as overvalued after its rally, while longer-term comparisons show the stock has underperformed the broader market over the past decade. These concerns could limit further upside. Is Chevron Overvalued After Its Rally?

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.