Rep. Pete Sessions Sells Shares of Chevron Corporation (NYSE:CVX)

Representative Pete Sessions (Republican-Texas) recently sold shares of Chevron Corporation (NYSE:CVX). In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Chevron stock on October 14th. The trade occurred in the Representative’s “ET IRA” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/28/2026.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Solstice Advanced Mat (NASDAQ:SOLS) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 10/21/2026.
• Sold $0 – $1,000 in shares of Resideo Technologies (NYSE:REZI) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 10/20/2026.
• Sold $15,001 – $50,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/15/2026.

Chevron Price Performance

Shares of CVX opened at $231.32 on Friday. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $234.08. The firm has a market capitalization of $457.03 billion, a PE ratio of 21.14, a PEG ratio of 0.54 and a beta of 0.53. The company’s 50-day moving average is $212.56 and its 200-day moving average is $192.70. 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 (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 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 firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same quarter last year, the company earned $1.77 EPS. The company’s revenue was up 57.4% on a year-over-year basis. Equities analysts forecast that Chevron Corporation will post 18.20 EPS for the current year.

Institutional Trading of Chevron

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVX. Tucker Asset Management LLC grew its position in Chevron by 16.2% in the 3rd quarter. Tucker Asset Management LLC now owns 3,426 shares of the oil and gas company’s stock worth $700,000 after purchasing an additional 477 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Chevron by 8.5% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,395 shares of the oil and gas company’s stock valued at $1,510,000 after purchasing an additional 578 shares during the period. Torren Management LLC boosted its holdings in Chevron by 404.2% in the third quarter. Torren Management LLC now owns 479 shares of the oil and gas company’s stock worth $98,000 after purchasing an additional 384 shares in the last quarter. Next Level Wealth Planning LLC bought a new position in Chevron during the third quarter worth $111,000. Finally, Blue Bell Private Wealth Management LLC raised its position in Chevron by 130.5% in the third quarter. Blue Bell Private Wealth Management LLC now owns 717 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 406 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity at Chevron

In other news, insider Andrew Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares of the company’s stock, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Hess sold 710,665 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the sale, the director directly owned 363,711 shares in the company, valued at $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,195,682 shares of company stock valued at $235,619,780. Insiders own 0.56% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil and natural-gas prices could support a strong quarterly performance. Analysts expect approximately $4.83 in adjusted EPS and $61.65 billion in revenue, while other previews suggest Chevron may beat estimates. Oil Stocks in Spotlight Friday: Chevron, ExxonMobil, BP Could Show Impact of Higher Gas Prices
• Positive Sentiment: Investors will focus on whether the oil-price surge translated into free cash flow and shareholder returns. Chevron’s strong production, Hess integration benefits and improved cash generation are supporting the bullish case. Chevron Hit a Record High. Friday’s Report Has to Show Where the Oil-Spike Cash Went
• Positive Sentiment: TotalEnergies is acquiring a 25% interest in 26 Chevron-operated offshore exploration leases in the U.S. Gulf. The partnership helps share exploration costs while expanding Chevron’s offshore portfolio. TotalEnergies Expands US Exploration Footprint With 26 Offshore Leases
• Neutral Sentiment: Options activity indicates potential for a post-earnings rally, but the stock is already near a record high, raising the bar for a positive surprise. Investors will also assess dividend sustainability and the outlook for oil prices. Ahead of Chevron Earnings, Here’s What Barchart Data Says Comes Next for CVX Stock
• Negative Sentiment: Chevron canceled plans for executives to attend the ADIPEC conference in the United Arab Emirates because of security concerns. The decision is unlikely to materially affect earnings but highlights continuing geopolitical risks to operations and travel. Exxon, Chevron cancel ADIPEC executive trips, sources say

Analyst Upgrades and Downgrades

Several equities analysts have commented on CVX shares. BMO Capital Markets increased their target price on Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Wolfe Research raised Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Thursday, July 2nd. TD Cowen lifted their price objective on shares of Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a report on Monday, October 12th. Mizuho set a $234.00 target price on Chevron in a report on Monday, October 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $213.96.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.