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

Chevron Corporation (NYSE:CVX) insider R. Hewitt Pate sold 2,470 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Chevron Stock Performance

Chevron stock traded up $0.09 during trading hours on Thursday, hitting $205.85. The company had a trading volume of 7,823,675 shares, compared to its average volume of 10,868,961. The firm has a market cap of $406.71 billion, a PE ratio of 19.74, a PEG ratio of 0.63 and a beta of 0.49. 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 Corporation has a one year low of $146.49 and a one year high of $214.71. The firm has a 50-day moving average of $184.27 and a 200 day moving average of $187.75.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) 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 company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The business’s revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts expect that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CVX shares. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Sanford C. Bernstein raised their target price on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $216.00 price target on shares of Chevron in a research report on Wednesday, May 6th. Scotiabank boosted their price target on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Mizuho set a $224.00 price target on Chevron in a research report on Monday, August 3rd. Twenty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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

Hedge Funds Weigh In On Chevron

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Chevron during the second quarter valued at approximately $25,663,729,000. Norges Bank acquired a new stake in shares of Chevron in the 4th quarter valued at $3,727,586,000. Bank of New York Mellon Corp acquired a new stake in shares of Chevron in the 2nd quarter valued at $2,378,114,000. State Street Corp lifted its position 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 buying an additional 12,789,399 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Chevron in the second quarter valued at about $1,462,412,000. 72.42% of the stock is owned by institutional investors.

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.