Sen. John Boozman Acquires Shares of Chevron Corporation (NYSE:CVX)

Key Points

• Sen. John Boozman purchased $1,001–$15,000 of Chevron shares on July 2, while also making several other portfolio trades, including purchases of PayPal, SPYM, Aptiv, Estée Lauder, palladium and technology ETFs.
• Chevron reported quarterly earnings of $6.06 per share, exceeding estimates of $5.55, while revenue rose 57.4% year over year to $67.2 billion. The company also declared a quarterly dividend of $1.78 per share, representing a 3.5% annualized yield.
• Analysts maintain a generally positive view, with 20 Buy, five Hold and one Sell rating and a consensus “Moderate Buy” rating. A major offshore Angola discovery and potentially favorable oil prices could further support Chevron’s long-term production and cash-flow outlook.

Senator John Boozman (Republican-Arkansas) recently bought shares of Chevron Corporation NYSE: CVX. In a filing disclosed on August 17th, the Senator disclosed that they had bought between $1,001 and $15,000 in Chevron stock on July 2nd.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Cboe Global Markets BATS: CBOE on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/30/2026.
• Sold $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 7/23/2026.
• Purchased $1,001 - $15,000 in shares of State Street SPDR Portfolio S&P 500 ETF NYSEARCA: SPYM on 7/23/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/9/2026.
• Purchased $1,001 - $15,000 in shares of Aptiv NYSE: APTV on 7/9/2026.
• Sold $1,001 - $15,000 in shares of Travelers Companies NYSE: TRV on 7/2/2026.
• Purchased $1,001 - $15,000 in shares of Estee Lauder Companies NYSE: EL on 7/2/2026.
• Purchased $1,001 - $15,000 in shares of abrdn Physical Palladium Shares ETF NYSEARCA: PALL on 6/25/2026.
• Purchased $1,001 - $15,000 in shares of iShares Expanded Tech-Software Sector ETF BATS: IGV on 6/25/2026.

Chevron Price Performance

NYSE CVX opened at $202.75 on Tuesday. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $214.71. The firm has a market capitalization of $400.59 billion, a PE ratio of 19.44, a P/E/G ratio of 0.61 and a beta of 0.49. The company's 50 day simple moving average is $183.57 and its 200 day simple moving average is $187.25. 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 released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts' consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The firm's revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, equities research analysts forecast that Chevron Corporation will post 15.86 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 (DPR) is currently 68.26%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cornerstone Advisory LLC lifted its holdings in shares of Chevron by 0.9% during the first quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company's stock valued at $1,164,000 after purchasing an additional 52 shares during the last quarter. Compton Financial Group LLC increased its stake in Chevron by 1.9% in the 1st quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company's stock worth $609,000 after purchasing an additional 56 shares in the last quarter. Quantum Portfolio Management LLC raised its holdings in Chevron by 2.7% during the 1st quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company's stock worth $435,000 after buying an additional 56 shares during the period. Wealthspire Retirement LLC raised its holdings in Chevron by 0.9% during the 1st quarter. Wealthspire Retirement LLC now owns 6,530 shares of the oil and gas company's stock worth $1,351,000 after buying an additional 56 shares during the period. Finally, D.B. Root & Company LLC lifted its stake in Chevron by 1.0% during the fourth quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company's stock valued at $846,000 after buying an additional 57 shares in the last quarter. Institutional investors own 72.42% of the company's stock.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 5,547 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total transaction of $1,037,289.00. Following the sale, the chief executive officer owned 26,308 shares in the company, valued at $4,919,596. The trade was a 17.41% 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 the SEC website. Also, Director John B. Hess sold 100,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the sale, the director owned 178,045 shares of the company's stock, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,196,212 shares of company stock valued at $231,819,366 over the last ninety days. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CVX. Wall Street Zen upgraded Chevron from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Wolfe Research raised Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price on the stock in a report on Thursday, July 2nd. TD Cowen boosted their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a "hold" rating in a research report on Wednesday, August 5th. Morgan Stanley dropped their price target on shares of Chevron from $214.00 to $210.00 and set an "overweight" rating on the stock in a research report on Monday, June 29th. Finally, Zacks Research downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.13.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Major Angola discovery expands Chevron’s resource base. Chevron’s 105-4X exploration well in offshore Angola’s Block 0 encountered a hydrocarbon column exceeding 600 meters (about 2,000 feet), including more than 90 meters of net pay in the primary Pinda reservoir. The size of the find strengthens the company’s long-term production outlook and supports its strategic exploration program in Sub-Saharan Africa. Reuters article
• Positive Sentiment: Potential tie-in could reduce development costs. The discovery is located near existing Block 0 infrastructure, creating the possibility of a relatively efficient tie-back and potentially accelerating development while limiting capital requirements. However, commerciality, appraisal work and a development timeline have not yet been established. Chevron Stock Rises After Major Angola Discovery
• Positive Sentiment: Higher oil prices provide additional sector support. Reports that Brent crude was approaching $89 a barrel amid continued disruption and uncertainty around the Strait of Hormuz are supportive of Chevron’s upstream revenue and cash-flow prospects, although the geopolitical situation also raises market and operating risks. Brent Crude Nears $89
• Neutral Sentiment: Income appeal remains part of the investment case. Chevron continues to be highlighted by analysts as a dividend-paying energy major with potential upside, but the dividend coverage and valuation were not materially changed by these reports. Dividend Stocks Article

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source