Sen. Markwayne Mullin Buys Chevron Corporation (NYSE:CVX) Shares

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Chevron Corporation (NYSE:CVX). In a filing disclosed on June 11th, the Senator disclosed that they had bought between $50,001 and $100,000 in Chevron stock on May 13th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Valero Energy (NYSE:VLO) on 5/13/2025.
• Purchased $15,001 – $50,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/13/2025.
• Purchased $50,001 – $100,000 in shares of Zoetis (NYSE:ZTS) on 5/13/2025.
• Purchased $15,001 – $50,000 in shares of L3Harris Technologies (NYSE:LHX) on 5/13/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 5/13/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 5/13/2025.
• Purchased $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 5/13/2025.
• Purchased $15,001 – $50,000 in shares of ConocoPhillips (NYSE:COP) on 5/13/2025.
• Purchased $15,001 – $50,000 in shares of Applied Materials (NASDAQ:AMAT) on 5/13/2025.
• Sold $500,001 – $1,000,000 in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on 5/13/2025.

Chevron Stock Performance

Shares of Chevron stock opened at $151.75 on Friday. The company has a market cap of $265.01 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.42 and a beta of 0.83. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The business has a 50 day moving average price of $146.57 and a 200-day moving average price of $148.90. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.15 by $0.03. The firm had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 10.73% and a net margin of 7.76%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. Equities analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chevron

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC raised its position in shares of Chevron by 652,139.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock worth $13,214,757,000 after buying an additional 83,702,101 shares in the last quarter. Norges Bank purchased a new stake in shares of Chevron in the fourth quarter worth $3,017,750,000. GQG Partners LLC purchased a new stake in shares of Chevron in the first quarter worth $1,466,751,000. Nuveen LLC purchased a new stake in shares of Chevron in the first quarter worth $1,362,232,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Chevron in the fourth quarter worth $1,036,302,000. 72.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CVX. Hsbc Global Res downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 13th. DZ Bank downgraded Chevron from a “buy” rating to a “sell” rating and set a $130.00 price objective for the company. in a research note on Tuesday, May 6th. Barclays reaffirmed an “equal weight” rating on shares of Chevron in a report on Tuesday, July 15th. Wells Fargo & Company upped their target price on Chevron from $165.00 to $178.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Chevron in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Chevron currently has a consensus rating of “Hold” and a consensus price target of $163.18.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.