Insider Selling: Chevron (NYSE:CVX) CEO Sells 317,100 Shares of Stock

Chevron Corporation (NYSE:CVX) CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Chevron Price Performance

Shares of CVX traded up $3.07 during trading hours on Tuesday, hitting $205.77. 7,694,192 shares of the stock were exchanged, compared to its average volume of 10,902,106. The stock’s 50-day moving average price is $183.57 and its two-hundred day moving average price is $187.25. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $214.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The company has a market cap of $406.55 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.77 EPS. Research analysts expect that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays cut their target price on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday. Weiss Ratings raised shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Mizuho set a $224.00 price objective on shares of Chevron in a research note on Monday, August 3rd. TD Cowen lifted their price objective on shares of Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.13.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron announced an oil and gas condensate discovery at the 105-4X well in offshore Angola’s Block 0. The well encountered a hydrocarbon column exceeding 600 meters (about 2,000 feet), including more than 90 meters of net pay in the Pinda reservoir. Its proximity to existing infrastructure could enable a lower-cost tie-back and add to Chevron’s future production base. Chevron finds oil, gas condensate offshore Angola
• Positive Sentiment: Norway’s Equinor agreed to acquire a 17.4% interest in Chevron-operated petroleum exploration licence PEL 90 offshore Namibia. The deal brings a major partner into the Orange Basin, potentially sharing exploration costs while allowing Chevron to remain operator ahead of planned 2026 drilling. Norway’s Equinor takes stake in Chevron Namibia exploration licence
• Positive Sentiment: Options activity was unusually bullish, with investors purchasing 62,675 CVX call options—about 45% above the average daily call volume. This indicates increased speculative interest, although it does not guarantee further gains.
• Positive Sentiment: Elevated crude prices linked to continued uncertainty around oil shipments through the Strait of Hormuz could support cash flow for major producers, including Chevron. However, the benefit depends on how long the disruption lasts.
• Neutral Sentiment: Analyst and investor commentary continues to highlight Chevron’s dividend appeal and strong second-quarter earnings, but these are largely established factors rather than new catalysts. These 5 Dividend Stocks Show Why Income Investing Still Matters
• Negative Sentiment: A retreat in crude oil prices pressured Chevron because lower realized prices can reduce upstream revenue and profitability. This commodity-price weakness likely limited the stock’s gains despite the Angola discovery and Namibia transaction. Chevron Corporation Drops as Oil Price Retreats

Institutional Investors Weigh In On Chevron

Several large investors have recently bought and sold shares of CVX. Midwest Capital Advisors LLC purchased a new position in Chevron in the first quarter worth approximately $25,000. Main Street Group LTD purchased a new stake in Chevron during the 1st quarter worth about $28,000. Phillip James Consulting Co. acquired a new position in Chevron in the fourth quarter valued at approximately $26,000. Kilter Group LLC purchased a new position in shares of Chevron in the 2nd quarter valued at $28,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Chevron during the fourth quarter worth about $26,000. Hedge funds and other institutional investors 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.