John Hess Sells 195,000 Shares of Chevron (NYSE:CVX) Stock

Key Points

• Chevron director John Hess sold 195,000 shares on May 6 at an average price of $184.78, totaling about $36.0 million. After the sale, he still held 658,045 shares, and the transaction cut his ownership by 22.86%.
• Chevron reported stronger-than-expected quarterly earnings, with EPS of $1.41 beating consensus estimates, though revenue of $47.56 billion came in below expectations. Analysts still see solid full-year earnings ahead, forecasting $14.91 per share.
• The company reiterated a sizable dividend payout of $1.78 per share, payable June 10, implying an annualized dividend of $7.12 and a yield of 3.9%. The payout ratio is currently high at 123.40%.

Chevron Corporation (NYSE:CVX - Get Free Report) Director John Hess sold 195,000 shares of the business's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $184.78, for a total transaction of $36,032,100.00. Following the transaction, the director directly owned 658,045 shares of the company's stock, valued at $121,593,555.10. The trade was a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chevron Price Performance

Shares of NYSE:CVX traded down $1.13 during trading on Friday, reaching $181.37. The company had a trading volume of 11,947,320 shares, compared to its average volume of 12,466,824. The firm's fifty day moving average is $193.21 and its 200 day moving average is $172.09. The firm has a market capitalization of $361.35 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 0.65 and a beta of 0.51. Chevron Corporation has a twelve month low of $133.77 and a twelve month high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.41. The company had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 7.01%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 EPS. On average, equities analysts forecast that Chevron Corporation will post 14.91 EPS for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron's dividend payout ratio is currently 123.40%.

Institutional Investors Weigh In On Chevron

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares in the last quarter. State Street Corp increased its stake in shares of Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc increased its stake 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 worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Chevron by 0.3% during the 4th 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 purchasing an additional 134,890 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Chevron by 2.7% during the 4th 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 last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s first-quarter results beat profit expectations, with adjusted EPS of $1.41 versus the $0.97 consensus, reinforcing the company’s ability to generate earnings even amid volatile energy markets. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say
• Positive Sentiment: Goldman Sachs raised its price target on Chevron and kept a Buy rating, citing improved confidence in cash flow, production, and shareholder return plans after the earnings report. Goldman Sachs gives Chevron stock price new target after earnings
• Positive Sentiment: Multiple research notes and articles highlighted Chevron as a dividend aristocrat and a long-term value play, which can support investor interest in the stock. 3 ‘Strong Buy’ Dividend Aristocrat Stocks, 5/8/26
• Positive Sentiment: TD Cowen nudged its price target higher to $205 while maintaining a Hold rating, and Erste Group also lifted its FY2027 earnings estimate, signaling still-constructive expectations for Chevron’s earnings outlook. Chevron estimate and target updates
• Neutral Sentiment: Analysts and commentary also pointed to Chevron’s LNG strategy and South Asian export growth as a longer-term earnings driver, but this is more of a strategic backdrop than an immediate catalyst. Can Chevron's South Asian LNG Strategy Drive Long-Term Growth?
• Negative Sentiment: Despite the earnings beat, Chevron’s revenue came in below Wall Street estimates, which may be tempering enthusiasm and contributing to the stock’s weakness. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say

Analyst Ratings Changes

A number of brokerages recently weighed in on CVX. Zacks Research upgraded shares of Chevron from a "hold" rating to a "strong-buy" rating in a report on Friday, April 3rd. JPMorgan Chase & Co. upgraded shares of Chevron from a "neutral" rating to an "overweight" rating and set a $176.00 target price for the company in a report on Tuesday, January 20th. Jefferies Financial Group raised their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a "buy" rating in a report on Wednesday, January 14th. Barclays raised their target price on shares of Chevron from $180.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Morgan Stanley raised their target price on shares of Chevron from $174.00 to $212.00 and gave the stock an "overweight" rating in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $202.74.

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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