Rep. Pete Sessions Sells Shares of Chevron Corporation (NYSE:CVX)

Key Points

• Rep. Pete Sessions sold $15,001–$50,000 of Chevron stock on October 14 from his ET IRA account, amid a broader series of sales in companies including Amazon, Berkshire Hathaway, Lowe’s and Disney.
• Chevron shares opened at $228.88 and are near their 52-week high after the company exceeded quarterly earnings and revenue expectations. Analysts generally remain bullish, with a consensus “Moderate Buy” rating, though the consensus price target is below the current share price.
• Chevron’s outlook is supported by higher oil prices, strong production, Hess acquisition synergies and expanding offshore opportunities, but its elevated valuation leaves the stock exposed to weaker crude prices or disappointing earnings.

Representative Pete Sessions (Republican-Texas) recently sold shares of Chevron Corporation NYSE: CVX. In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Chevron stock on October 14th. The trade occurred in the Representative's "ET IRA" account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/28/2026.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 10/27/2026.
• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 10/21/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 10/21/2026.
• Sold $0 - $1,000 in shares of Resideo Technologies NYSE: REZI on 10/21/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 10/20/2026.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/15/2026.

Chevron Stock Up 0.3%

Shares of NYSE CVX opened at $228.88 on Thursday. The company has a market cap of $452.22 billion, a P/E ratio of 21.94, a PEG ratio of 0.55 and a beta of 0.53. The firm has a 50-day simple moving average of $212.05 and a two-hundred day simple moving average of $192.35. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $234.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

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 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 firm had revenue of $67.20 billion during the quarter, compared to analysts' expectations of $62.72 billion. During the same quarter in the prior year, the company earned $1.77 EPS. The company's revenue was up 57.4% compared to the same quarter last year. Research analysts anticipate that Chevron Corporation will post 18.20 earnings per share for the current year.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices and potential earnings beat: Crude prices have strengthened Chevron’s earnings outlook, with analysts expecting the company to outperform third-quarter estimates when it reports on October 30. Investors will focus on production growth, cash flow, dividends and buybacks. 3 Energy Stocks Poised to Outshine Earnings Estimates in Q3
• Positive Sentiment: Production and Hess synergies are supporting cash flow: Ariel Investments highlighted Chevron’s strong production, benefits from its Hess acquisition and improving cash generation as reasons for the stock’s gains. The comments reinforce the view that Chevron’s scale and integration efforts can improve shareholder returns. Chevron Corporation Gains on Strong Production, Hess Synergies, and Higher Cash Flow
• Positive Sentiment: Expansion of offshore and international opportunities: TotalEnergies agreed to acquire a 25% interest in 26 Chevron-operated U.S. offshore exploration leases, while Chevron will take a 75% operated interest in two adjacent leases. Chevron also reportedly made a high-quality offshore gas discovery in Egypt and is positioned to participate in a 2027 Indian LPG supply tender. These developments could expand its long-term production portfolio. TotalEnergies Enters Chevron-Operated Offshore Exploration Blocks
• Neutral Sentiment: Long-term gas contract adds revenue visibility: Chevron Australia will supply South32 with 55 petajoules of natural gas over five years beginning in 2028, supporting a more predictable future revenue stream, though the financial benefit is several years away. Chevron's Australian Business Signs Long-Term Natural Gas Deal
• Negative Sentiment: Valuation and oil-price risk are rising: After a roughly 145% five-year advance and a strong recent run, valuation analyses question whether Chevron’s current market value assumes persistently high oil prices. A disappointment in crude prices or earnings could therefore trigger profit-taking. Chevron Earnings Preview

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Chevron from $207.00 to $243.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. BMO Capital Markets boosted their price target on Chevron from $210.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Wall Street Zen raised Chevron from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. TD Cowen raised their price objective on Chevron from $215.00 to $225.00 and gave the stock a "hold" rating in a research note on Monday, October 12th. Finally, Weiss Ratings upgraded shares of Chevron from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.96.

Hedge Funds Weigh In On Chevron

Large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Chevron in the 2nd quarter valued at $25,663,729,000. Bank of New York Mellon Corp acquired a new stake in Chevron in the second quarter valued at about $2,378,114,000. Legal & General Group Plc acquired a new position in Chevron during the 2nd quarter worth approximately $1,462,412,000. Deutsche Bank AG purchased a new position in shares of Chevron during the 2nd quarter worth approximately $1,189,577,000. Finally, State Street Corp lifted its holdings in shares of Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company's stock valued at $28,016,651,000 after buying an additional 5,998,852 shares during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Insiders Place Their Bets

In other news, Director John B. Hess sold 710,665 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the transaction, the director owned 363,711 shares in the company, valued at $70,596,305.10. This trade represents a 66.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider R. Pate sold 40,700 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the completion of the transaction, the insider directly owned 8,791 shares of the company's stock, valued at approximately $1,992,480.15. This trade represents a 82.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,195,682 shares of company stock worth $235,619,780. Insiders own 0.56% of the company's stock.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas' 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas' 17th Congressional District. He won in the general election on November 5, 2024. On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023. Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions' career experience includes working as an executive with AT&T.

About Chevron

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.