R. Hewitt Pate Sells 2,470 Shares of Chevron (NYSE:CVX) Stock

Key Points

• Chevron insider R. Hewitt Pate sold 2,470 shares at an average price of $205.11, generating $506,621.70 and reducing his ownership by 18.62%.
• Chevron reported strong quarterly results, with EPS of $6.06 and revenue of $67.20 billion, beating analyst estimates and increasing revenue 57.4% year over year.
• The company declared a quarterly dividend of $1.78 per share, equivalent to a 3.5% annualized yield; analysts maintain a “Moderate Buy” consensus rating with an average price target of $207.48.

Chevron Corporation (NYSE:CVX - Get Free Report) insider R. Hewitt Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the sale, the insider owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chevron Stock Up 0.0%

Shares of CVX stock traded up $0.09 during trading on Thursday, reaching $205.85. The company's stock had a trading volume of 7,823,675 shares, compared to its average volume of 10,868,961. The business has a fifty day moving average price of $184.27 and a 200-day moving average price of $187.75. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The company has a market cap of $406.71 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 0.63 and a beta of 0.49. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter last year, the firm earned $1.77 earnings per share. The firm's revenue for the quarter was up 57.4% compared to the same quarter last year. Analysts anticipate that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio is currently 68.26%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVX. United Bank increased its position in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company's stock worth $1,586,000 after buying an additional 796 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company's stock worth $7,280,000 after acquiring an additional 4,214 shares during the period. BNP Paribas increased its holdings in shares of Chevron by 76.4% during the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company's stock worth $63,000 after acquiring an additional 191 shares during the last quarter. Osterweis Capital Management Inc. raised its stake in Chevron by 678.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company's stock valued at $195,000 after acquiring an additional 1,188 shares during the period. Finally, Main Street Financial Solutions LLC raised its stake in Chevron by 3.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company's stock valued at $2,299,000 after acquiring an additional 553 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CVX. Morgan Stanley upped their target price on Chevron from $210.00 to $218.00 and gave the stock an "overweight" rating in a report on Wednesday. Sanford C. Bernstein raised their price target on Chevron from $204.00 to $209.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Dbs Bank raised Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Chevron from a "hold (c)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $216.00 price objective on shares of Chevron in a research note on Wednesday, May 6th. Twenty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.48.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Brent crude reached approximately $95.40 a barrel, up sharply from a year earlier, as Middle East tensions and disruption around the Strait of Hormuz raised supply concerns. Higher oil prices can support Chevron’s upstream revenue, earnings and cash flow. Crude hits $95 and energy stocks
• Positive Sentiment: CVX broke above the roughly $196 resistance level and traded near $207, reinforcing bullish technical momentum. The stock is also near its 12-month high after gaining more than 35% in 2026. Chevron breaks past resistance
• Positive Sentiment: Chevron’s offshore Angola discovery found a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay. Its proximity to existing infrastructure could enable a lower-cost tie-back and expand future production. Chevron Angola discovery
• Positive Sentiment: Equinor agreed to take a 17.4% stake in Chevron-operated offshore Namibia exploration acreage, sharing costs and risk while Chevron retains operatorship ahead of planned drilling. Equinor enters Chevron Namibia project
• Positive Sentiment: Investors purchased unusually large volumes of CVX call options, signaling bullish positioning. Analysts remain constructive: Morgan Stanley raised its target to $218, while Bank of America previously set a $227 target.
• Positive Sentiment: Chevron’s $1.78 quarterly dividend, equal to $7.12 annually and a yield of about 3.5%, continues to support its appeal to income-focused investors. Ongoing buybacks and a multiyear dividend-growth record add to the shareholder-return case.
• Neutral Sentiment: The company’s latest reported quarter was strong, with earnings of $6.06 per share and revenue of $67.20 billion exceeding estimates; however, the stock’s valuation and future performance remain sensitive to volatile commodity prices.
• Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported holdings by 92.34%. Insider sales may reflect personal financial planning, but the transaction could weigh on sentiment. Chevron CEO Form 4 filing
• Negative Sentiment: Another insider, Andrew Benjamin Walz, sold 16,800 shares for approximately $3.4 million, leaving him with only 14 shares. The sale is comparatively small but adds to recent insider-selling headlines. Chevron insider sale

Chevron Company Profile

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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