Chevron (NYSE:CVX) Insider R. Hewitt Pate Sells 40,200 Shares of Stock

Chevron Corporation (NYSE:CVX) insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider directly owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

R. Hewitt Pate also recently made the following trade(s):

• On Friday, March 6th, R. Hewitt Pate sold 47,200 shares of Chevron stock. The stock was sold at an average price of $192.12, for a total value of $9,068,064.00.
• On Friday, February 27th, R. Hewitt Pate sold 35,475 shares of Chevron stock. The shares were sold at an average price of $186.06, for a total value of $6,600,478.50.
• On Monday, March 2nd, R. Hewitt Pate sold 58,000 shares of Chevron stock. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00.
• On Friday, January 30th, R. Hewitt Pate sold 41,134 shares of Chevron stock. The stock was sold at an average price of $176.40, for a total transaction of $7,256,037.60.

Chevron Price Performance

NYSE:CVX opened at $198.77 on Friday. Chevron Corporation has a one year low of $132.04 and a one year high of $214.71. The company has a market cap of $396.63 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.64 and a beta of 0.60. The firm’s fifty day moving average price is $188.51 and its two-hundred day moving average price is $166.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

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 analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 EPS. Equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.6%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is 106.91%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Bank of America upped their target price on Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. TD Cowen boosted their price target on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Citigroup increased their price objective on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group lifted their target price on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $187.64.

Institutional Investors Weigh In On Chevron

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares in the last quarter. Norges Bank acquired a new stake in shares of Chevron during the 4th quarter worth $3,727,586,000. State Street Corp grew its holdings in shares of Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc increased its position in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the period. Finally, Primecap Management Co. CA acquired a new position in Chevron in the third quarter valued at about $988,083,000. 72.42% of the stock is currently owned by institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude spiked above $109 amid escalating Iran conflict and Strait of Hormuz concerns, boosting revenue expectations for integrated producers like Chevron. Oil Spikes Above $109…
• Positive Sentiment: Citigroup raised its price target on CVX to $235 and maintained a “buy” rating — a direct analyst catalyst that can drive demand. Benzinga
• Positive Sentiment: Chevron confirmed exclusive power-supply talks and project work tied to Microsoft/AI data-center demand, and is linked to a potential $7B Texas energy project — supports long-term cash flow diversification and higher-margin power supply contracts. Chevron-Microsoft Deal Powers $7B Texas AI Energy Project
• Positive Sentiment: Multiple analyst upgrades and bullish coverage (Zacks upgrade, Morgan Stanley price-target increases, bullish Motley Fool pieces) are lifting sentiment and supporting higher valuations. Chevron Upgraded to Buy (Zacks)
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea — a production-growth driver over coming years. Chevron Makes FID in Aseng Gas Project
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — an event that could create short-term volatility when results/ guidance are released. Earnings Call Advisory
• Neutral Sentiment: Operational tech push: Chevron is expanding robotics and drone inspections across oilfields to cut costs and improve safety — positive long-term efficiency but gradual in impact. Is Chevron’s Robotics Strategy the Future of Oilfields?
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, tightening LNG supply and introducing near-term earnings and contract-delivery uncertainty for CVX. Wheatstone LNG Outage Tests Chevron
• Negative Sentiment: Insider R. Hewitt Pate disclosed a large sale of 40,200 shares (late March), which some investors may view as a near-term negative signal. SEC Form 4 — Insider Sale

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.