Chevron (NYSE:CVX) CEO Michael Wirth Sells 320,700 Shares

Chevron Corporation (NYSE:CVX) CEO Michael Wirth sold 320,700 shares of Chevron stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chevron Trading Down 0.9%

CVX traded down $1.34 during midday trading on Wednesday, reaching $155.20. 13,513,096 shares of the company were exchanged, compared to its average volume of 8,924,700. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market capitalization of $312.50 billion, a P/E ratio of 21.83, a PEG ratio of 9.80 and a beta of 0.70. The stock’s 50-day simple moving average is $152.10 and its 200 day simple moving average is $153.26. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. The business had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. As a group, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. Chevron’s payout ratio is currently 96.20%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in talks with the U.S. government to expand a license to operate in Venezuela, which could allow increased crude exports to Chevron’s refineries and third-party sales — a direct, near‑term revenue upside if approved. Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say
• Positive Sentiment: Reports say Chevron and Quantum Energy Partners are lining up a bid for roughly $22B of Lukoil’s international assets — a strategic acquisition that could expand Chevron’s upstream footprint and asset base if sanctioned‑asset deals clear regulatory review. Chevron, Quantum Energy Partners line up bid for $22 billion of Lukoil assets, FT reports
• Positive Sentiment: Analysts and sector writeups continue to highlight Chevron’s unique refining capability on the U.S. Gulf Coast to process heavy Venezuelan crude — a structural advantage that underpins the bullish narrative if Venezuelan barrels flow. Why Chevron’s Venezuela Exposure Puts CVX Stock in Play for 2026
• Neutral Sentiment: Unusually large options activity has been flagged on CVX — this can amplify intraday moves but doesn’t by itself change fundamentals; it’s a sign of traders positioning for continued volatility. Chevron Target of Unusually Large Options Trading (NYSE:CVX)
• Neutral Sentiment: Shipping data shows Chevron’s Venezuelan exports flowing while others pause — operationally supportive but still subject to sanction and buyer uncertainties. Venezuela’s oil deliveries to Asia at standstill, Chevron’s exports flowing -shipping data
• Negative Sentiment: Large insider sales were disclosed: CFO Eimear Bonner and director Alana Knowles sold sizable positions at about $165 per share on Jan. 5 — these exits can signal near‑term selling pressure and dent investor confidence. SEC Form 4 (Eimear P. Bonner) Alana K. Knowles insider sale
• Negative Sentiment: Analyst warnings and downgrades have emerged: Freedom Capital downgraded CVX to “strong sell,” and some brokers/notes caution that Venezuelan upside is uncertain and will take years, pressuring sentiment after the quick rally. Freedom Capital downgrade via Zacks
• Negative Sentiment: Market commentary (MarketWatch/Forbes/Seeking Alpha) emphasizes operational, legal and investment hurdles in Venezuela — a reality check that has driven short‑term profit taking and greater risk aversion. Chevron’s stock falls as the market gets a reality check on Venezuela

Hedge Funds Weigh In On Chevron

A number of hedge funds have recently made changes to their positions in the stock. Perigon Wealth Management LLC boosted its holdings in Chevron by 19.3% during the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after acquiring an additional 11,875 shares during the period. Solitude Financial Services lifted its position in Chevron by 8.2% in the second quarter. Solitude Financial Services now owns 25,325 shares of the oil and gas company’s stock valued at $3,626,000 after purchasing an additional 1,913 shares during the last quarter. Pictet North America Advisors SA purchased a new stake in shares of Chevron during the third quarter valued at approximately $5,662,000. Shell Asset Management Co. grew its holdings in shares of Chevron by 21.4% in the second quarter. Shell Asset Management Co. now owns 51,115 shares of the oil and gas company’s stock worth $7,319,000 after purchasing an additional 9,002 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of Chevron by 7.3% in the second quarter. Mutual Advisors LLC now owns 88,759 shares of the oil and gas company’s stock worth $13,743,000 after purchasing an additional 6,058 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CVX. Morgan Stanley increased their price objective on shares of Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Scotiabank upped their target price on Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. UBS Group reaffirmed a “buy” rating on shares of Chevron in a report on Monday, December 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $166.90.

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.