Chevron (NYSE:CVX) Stock Unloaded Rep. David Taylor

Representative David Taylor (Republican-Ohio) recently sold shares of Chevron Corporation (NYSE:CVX). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Chevron stock on February 26th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/26/2026.
• Sold $15,001 – $50,000 in shares of International Business Machines (NYSE:IBM) on 2/26/2026.
• Sold $15,001 – $50,000 in shares of Salesforce (NYSE:CRM) on 2/26/2026.

Chevron Trading Down 0.3%

Shares of NYSE CVX opened at $189.43 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $377.99 billion, a PE ratio of 28.44, a PEG ratio of 1.91 and a beta of 0.67. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $192.41. The stock has a fifty day simple moving average of $174.15 and a 200-day simple moving average of $161.09.

Chevron (NYSE:CVX) last posted its earnings results 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. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.Chevron’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. On average, equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.8%. Chevron’s payout ratio is presently 106.91%.

Institutional Trading of Chevron

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC raised its position in shares of Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after purchasing an additional 11,875 shares during the period. Brooklyn FI LLC bought a new stake in shares of Chevron during the 3rd quarter worth $431,000. New York State Teachers Retirement System grew its stake in Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after buying an additional 215,345 shares during the last quarter. Pictet North America Advisors SA acquired a new position in Chevron in the 3rd quarter valued at $5,662,000. Finally, Finemark National Bank & Trust raised its holdings in Chevron by 40.3% in the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after acquiring an additional 16,243 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. HSBC cut shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Monday, February 2nd. Piper Sandler cut their target price on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Citigroup increased their target price on shares of Chevron from $179.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, TD Cowen boosted their price target on shares of Chevron from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $178.95.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical supply shocks have driven crude sharply higher (WTI/Brent > $100), which boosts Chevron’s upstream margins and cash flow outlook. Higher oil is a primary tailwind for CVX today. Wall Street Is Pointing to the 1990 Gulf War Playbook
• Positive Sentiment: Bank of America’s bullish $206 price target and related coverage helped lift sentiment and option activity in CVX, supporting near-term upside expectations. Blockonomi: BofA Upgrade
• Positive Sentiment: Chevron is reported to be in talks to buy ~30% of Brazil’s Ipiranga via Ultrapar’s potential stake sale — a move that would expand downstream retail exposure in Latin America and diversify cash flows. Reuters: Ultrapar Taps BTG; Chevron Interest
• Positive Sentiment: Operational growth and portfolio moves (Hess closing/Guyana exposure and exclusive talks for Iraq’s West Qurna 2) are framing a longer-term growth story beyond cyclical oil moves. Yahoo: Hess Deal & West Qurna Talks
• Neutral Sentiment: Market commentary suggests option strategies (shorting OTM puts/calls, covered calls) are being used to monetize elevated premiums around CVX — this raises income opportunities but also signals some investors expect limited near-term directional moves. Barchart: Options Strategy
• Neutral Sentiment: Chevron signed a five-year gas supply deal with Horizon Power, underpinning steady gas revenues in Australia but with limited immediate impact on global oil-driven earnings. Zacks: Horizon Power Deal
• Negative Sentiment: Chevron plans to suspend production at the Leviathan gas field offshore Israel, reducing near-term gas output and revenues from that asset and adding operational disruption risk. InsiderMonkey: Leviathan Suspension
• Negative Sentiment: Public criticism from Chevron’s refining president of California climate rules highlights regulatory and political headwinds that could pressure West Coast refining margins and operational flexibility. YouTube: Chevron President on California Regs

Insider Activity

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total value of $3,918,966.00. Following the sale, the insider owned 666 shares of the company’s stock, valued at approximately $117,568.98. The trade was a 97.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,052,197 shares of company stock worth $187,128,404. Insiders own 0.20% of the company’s stock.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.