Chevron (NYSE:CVX) Insider Andrew Benjamin Walz Sells 11,600 Shares of Stock

Chevron Corporation (NYSE:CVX) insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Andrew Benjamin Walz also recently made the following trade(s):

• On Wednesday, February 18th, Andrew Benjamin Walz sold 1,463 shares of Chevron stock. The shares were sold at an average price of $183.83, for a total transaction of $268,943.29.
• On Thursday, February 12th, Andrew Benjamin Walz sold 666 shares of Chevron stock. The shares were sold at an average price of $183.40, for a total transaction of $122,144.40.
• On Tuesday, February 3rd, Andrew Benjamin Walz sold 22,200 shares of Chevron stock. The stock was sold at an average price of $176.53, for a total transaction of $3,918,966.00.

Chevron Trading Down 1.4%

CVX opened at $186.09 on Thursday. The company has a fifty day moving average price of $171.79 and a two-hundred day moving average price of $160.28. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $191.56. The company has a market cap of $371.32 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.90 and a beta of 0.67. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period last year, the business posted $2.06 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

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

Institutional Trading of Chevron

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares in the last quarter. State Street Corp boosted its holdings in Chevron by 9.1% in 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 period. Berkshire Hathaway Inc grew its stake in Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. Geode Capital Management LLC raised its holdings in Chevron by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock valued at $6,620,187,000 after acquiring an additional 134,890 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Chevron by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock worth $5,492,377,000 after acquiring an additional 961,341 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wall Street support: several firms have been lifting price targets and forecasts for CVX this week, including a recent price-target bump to $210, signaling analyst confidence in Chevron’s cash returns and resilience. Read More.
• Positive Sentiment: Geopolitical-driven commodity rally: rising oil and gas prices from Middle East supply concerns are boosting energy-sector earnings power, which benefits integrated majors like Chevron by improving margins across upstream and refining. Read More.
• Neutral Sentiment: Mixed analyst landscape: while several firms upgraded targets, consensus ratings remain varied (buys, holds and some sells). That split can cap follow-through buying despite positive price-target headlines. Read More.
• Negative Sentiment: Large insider sales: multiple senior executives — including CEO Michael Wirth (reported sale of ~272,624 shares) and other officers — have disclosed multi-million-dollar stock sales in early March, which often spurs near-term investor caution and profit-taking. Read More.
• Negative Sentiment: Operational disruption: Chevron suspended production at the Leviathan gas field and declared force majeure amid regional hostilities — a direct hit to near-term volumes and a reminder that specific assets face outage risk. Read More.
• Negative Sentiment: Broader geopolitical volatility: reports of Iran-related pressure on shipping (Strait of Hormuz) and contacts between Iranian and U.S. officials are increasing supply- and policy-risk that can swing CVX’s short-term performance despite commodity tailwinds. Read More.

Wall Street Analyst Weigh In

CVX has been the topic of several research reports. Bank of America upped their price objective on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a report on Monday. Citigroup raised their price target on shares of Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a research report on Monday. Scotiabank reiterated a “sector perform” rating and set a $168.00 price target on shares of Chevron in a research note on Friday, January 16th. TD Cowen increased their price objective on Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Finally, UBS Group reiterated a “buy” rating and set a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Chevron presently has a consensus rating of “Hold” and a consensus price target of $178.95.

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.