Chevron (NYSE:CVX) Stock Price Down 1.6% After Insider Selling

Shares of Chevron Corporation (NYSE:CVX) dropped 1.6% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $185.64 and last traded at $186.3760. Approximately 11,956,254 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 12,209,381 shares. The stock had previously closed at $189.44.

Specifically, insider R. Hewitt Pate sold 47,200 shares of Chevron stock in a transaction on Friday, March 6th. The stock was sold at an average price of $192.12, for a total value of $9,068,064.00. Following the completion of the sale, the insider directly owned 8,558 shares of the company’s stock, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The disclosure for this sale is available in the SEC filing. In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the sale, the chief executive officer directly owned 31,266 shares in the company, valued at $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

A number of research analysts recently weighed in on CVX shares. Argus set a $203.00 price objective on shares of Chevron in a report on Tuesday, February 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Bank of America increased their price objective on Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday, February 17th. Finally, Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $182.05.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Piper Sandler raised its price target on Chevron to $242 and kept an “overweight” rating — a sizable analyst upgrade that can attract institutional and momentum buying. Piper Sandler raises target to $242 (Benzinga)
• Positive Sentiment: Chevron increased its offshore footprint in the Gulf of Mexico via new lease bids, signaling continued upstream investment and confidence in long‑life deepwater assets. Chevron Expands Gulf of Mexico Presence With Latest Lease Sale (Zacks)
• Positive Sentiment: Reports that Chevron and Shell are closing in on major Venezuela production deals point to potential long‑term volume upside if agreements are finalized. Chevron, Shell near deals in Venezuela (Reuters/MSN)
• Neutral Sentiment: Macro flow: governments/IEA and the U.S. have signaled SPR releases or taps to stabilize fuel prices — this cap on a runaway oil rally both supports economic stability but could limit upside for CVX if crude eases. Trump says he’ll tap SPR (CNBC)
• Neutral Sentiment: Chevron was among top bidders at a recent small Gulf of Mexico auction — signals active resource allocation but not a material near‑term earnings change. BP, Chevron top spenders at Gulf auction (Reuters)
• Negative Sentiment: Regulatory hit: Chevron agreed to pay a $1M penalty and retire $3.6M of invalid renewable fuel credits — a modest financial hit but a reminder of compliance and reputational risk. Chevron hit with $1M penalty (Benzinga)
• Negative Sentiment: Insider selling: a disclosure shows R. Hewitt Pate sold 47,200 shares in recent filings — can be interpreted by some investors as a signal to trim exposure. Insider sells 47,200 shares (AmericanBankingNews)
• Negative Sentiment: Momentum risk: MarketBeat and technical indicators warn the rally may be stretched and vulnerable to profit‑taking if oil prices retreat — watch crude and momentum signals closely. Chevron hits new highs but is it sustainable? (MarketBeat)

Chevron Stock Performance

The company has a market capitalization of $394.37 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.87 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a 50 day simple moving average of $175.61 and a two-hundred day simple moving average of $161.50.

Chevron (NYSE:CVX) last released its quarterly earnings data 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. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the prior year, the firm posted $2.06 EPS. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.6%. Chevron’s dividend payout ratio is 106.91%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CVX. Phillip James Consulting Co. acquired a new stake in shares of Chevron during the fourth quarter worth about $26,000. Core Wealth Advisors LLC purchased a new position in Chevron during the 4th quarter worth approximately $26,000. Karpus Management Inc. acquired a new position in Chevron during the fourth quarter worth approximately $27,000. Basso Capital Management L.P. purchased a new stake in Chevron in the fourth quarter valued at approximately $27,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Chevron in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

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.