Chevron (NYSE:CVX) Director John Hess Sells 710,665 Shares

Chevron Corporation (NYSE:CVX) Director John Hess sold 710,665 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the transaction, the director directly owned 363,711 shares of the company’s stock, valued at approximately $70,596,305.10. The trade was a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chevron Stock Down 2.1%

Shares of NYSE:CVX traded down $3.92 during trading on Wednesday, hitting $186.48. The company’s stock had a trading volume of 8,252,004 shares, compared to its average volume of 11,083,821. The company has a market capitalization of $371.40 billion, a PE ratio of 17.88, a PEG ratio of 0.60 and a beta of 0.49. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The stock’s 50-day moving average price is $182.09 and its two-hundred day moving average price is $185.49.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.14% and a net margin of 9.57%.The firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same quarter last year, the firm earned $1.77 EPS. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts expect that Chevron Corporation will post 15.66 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.

Institutional Trading of Chevron

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Curtis Advisory Group LLC acquired a new position in Chevron during the 4th quarter valued at about $1,381,000. Indivisible Partners acquired a new stake in shares of Chevron in the 4th quarter worth approximately $1,923,000. Janney Montgomery Scott LLC boosted its holdings in shares of Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after acquiring an additional 79,439 shares in the last quarter. Galaxy Digital Inc. bought a new position in shares of Chevron in the first quarter valued at approximately $2,028,000. Finally, Osprey Private Wealth LLC increased its stake in shares of Chevron by 556.4% during the fourth quarter. Osprey Private Wealth LLC now owns 9,190 shares of the oil and gas company’s stock valued at $1,401,000 after acquiring an additional 7,790 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s second-quarter results showed revenue of $70.06 billion and net income of $12.07 billion, supported by higher production, cost reductions and stronger refining margins. The company also maintained its quarterly dividend at $1.78 per share, reinforcing its income appeal. Chevron’s war-boosted margins and cash flows
• Positive Sentiment: TD Cowen raised its Chevron price target from $200 to $205 while retaining a Hold rating, implying potential upside from the recent trading level. Separate reports from Sanford C. Bernstein and Barclays also said Chevron’s stock is expected to rise. TD Cowen price-target report
• Positive Sentiment: Chevron is among the S&P 500 companies expected to generate substantial free cash flow this year. Strong cash generation could support dividends, buybacks, debt management and investor interest. Stocks with strong expected cash flow
• Neutral Sentiment: Chief Executive Mike Wirth said Chevron is evaluating a potential pipeline route through Iraq toward Syria or Turkey to bypass the Strait of Hormuz. The concept could improve future Middle East supply flexibility, but it remains exploratory and carries significant geopolitical and execution risks. Chevron evaluates pipeline route around Strait of Hormuz
• Negative Sentiment: President Donald Trump criticized Chevron and ExxonMobil for making excessive profits as U.S. gasoline prices exceed $4 per gallon, calling for lower consumer prices and suggesting companies should return some profits to the public. The comments raise the risk of political pressure, windfall-profit measures or margin constraints. Trump criticizes Exxon and Chevron
• Negative Sentiment: Related scrutiny of oil companies’ dealings with Venezuelan crude adds reputational and regulatory uncertainty, although the cited report identifies Phillips 66—not Chevron—as a major buyer. Phillips 66 and Venezuelan crude report

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research note on Monday. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research note on Thursday, July 2nd. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Mizuho set a $224.00 target price on shares of Chevron in a research note on Monday. Finally, Scotiabank increased their price target on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.48.

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.