Chevron (NYSE:CVX) Vice Chairman Mark Nelson Sells 139,600 Shares

Chevron Corporation (NYSE:CVX) Vice Chairman Mark Nelson sold 139,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the sale, the insider directly owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Chevron Trading Down 1.4%

NYSE:CVX traded down $2.68 during mid-day trading on Wednesday, hitting $186.09. The company had a trading volume of 11,037,073 shares, compared to its average volume of 12,072,181. 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 Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $191.56. The firm has a market cap of $371.32 billion, a P/E ratio of 27.94, a P/E/G ratio of 12.55 and a beta of 0.67. The business’s fifty day moving average is $171.08 and its two-hundred day moving average is $160.10.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 EPS. As a group, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron’s payout ratio is currently 106.91%.

Institutional Trading of Chevron

A number of institutional investors have recently modified their holdings of the company. AG Campbell Advisory LLC bought a new stake in Chevron during the fourth quarter worth about $1,454,000. Hayek Kallen Investment Management increased its position in shares of Chevron by 5.5% during the 4th quarter. Hayek Kallen Investment Management now owns 14,450 shares of the oil and gas company’s stock worth $2,202,000 after purchasing an additional 749 shares during the last quarter. SHP Wealth Management bought a new stake in shares of Chevron during the 4th quarter worth approximately $744,000. S Harris Financial Group LLC acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $244,000. Finally, EJMK Ventures LLC acquired a new stake in shares of Chevron in the 4th quarter valued at approximately $544,000. 72.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical tension in the Middle East has pushed crude and natural-gas futures higher, creating a tailwind for integrated majors like Chevron by supporting margins and cash flow expectations. Read More.
• Positive Sentiment: Major brokerages and Wall Street research have been upbeat recently (upgraded price targets and bullish notes), reinforcing investor confidence in Chevron’s cash returns and long-term outlook. Read More.
• Positive Sentiment: Longer-term positioning by large investors (including increased exposure reported in recent institutional filings) and commentary highlighting Chevron’s scale and dividend profile support the stock’s medium-term appeal. Read More.
• Neutral Sentiment: Heightened retail and analyst attention has increased trading activity and headline sensitivity; that can amplify moves in either direction but doesn’t change fundamentals immediately. Read More.
• Negative Sentiment: Chevron halted production and declared force majeure at the Leviathan gas field after Israeli security orders tied to regional hostilities — an immediate operational disruption that creates uncertainty around near-term gas volumes and local cash flow. Read More.
• Negative Sentiment: Significant insider selling by R. Hewitt Pate (multiple large blocks disclosed in SEC filings) has likely contributed to near-term selling pressure and investor caution. Read More.
• Negative Sentiment: Broader geopolitical headlines (reports of Iranian contacts with U.S. counterparts and threats in the Strait of Hormuz) have increased market volatility and raised the risk premium on energy names despite higher commodity prices. Read More.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Monday, February 2nd. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 17th. Scotiabank reissued a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a research note on Friday, January 16th. TD Cowen raised their price target on Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, Piper Sandler cut their price objective on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $178.95.

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.