Insider Selling: Chevron (NYSE:CVX) Vice Chairman Sells $26,233,632.00 in Stock

Chevron Corporation (NYSE:CVX) Vice Chairman Mark Nelson sold 139,600 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the sale, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chevron Stock Performance

Chevron stock opened at $190.01 on Friday. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $192.41. 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 firm has a 50-day moving average of $173.38 and a 200-day moving average of $160.73. The firm has a market cap of $379.14 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.91 and a beta of 0.67.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period last year, the company earned $2.06 EPS. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. Sell-side analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.7%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is 106.91%.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. launches $20B tanker reinsurance program, supporting crude above $90 and reducing shipping-risk premium — higher crude prices improve Chevron’s upstream margins and cash flow. Read More.
• Positive Sentiment: Analysts and institutions are increasingly bullish: several firms have raised price targets (one recent note pushes target toward $210), reflecting confidence in Chevron’s cash returns and dividend profile — this supports buy-side interest. Read More.
• Positive Sentiment: Dividend raise and income story remain supportive — Chevron recently increased its quarterly payout, reinforcing its appeal to income-focused investors amid higher commodity prices. Read More.
• Neutral Sentiment: Mixed analyst landscape: while some firms lift targets, others trim fair-value estimates — consensus remains split (buys, holds, sells), which can limit sustained momentum despite positive headlines. Read More.
• Negative Sentiment: Significant insider selling: CEO Michael Wirth and other senior execs disclosed multi‑million‑dollar stock sales in early March — this often prompts near‑term caution and profit‑taking. Read More.
• Negative Sentiment: Operational disruption: Chevron has suspended certain production (e.g., Leviathan-related outages / force majeure reports) tied to regional hostilities — potential near-term volume losses and uncertainty for specific assets. Read More.
• Negative Sentiment: Broader geopolitical volatility (Strait of Hormuz attacks and halted tanker traffic) raises supply‑and‑policy risk that can cause sharp swing trading and higher insurance/shipment costs — a double‑edged sword for oil majors. Read More.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the period. State Street Corp boosted 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 valued at $23,698,184,000 after purchasing an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc grew its holdings in Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. Geode Capital Management LLC increased its position in Chevron by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock worth $6,620,187,000 after purchasing an additional 134,890 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Chevron by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock worth $5,492,377,000 after buying an additional 961,341 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CVX shares. TD Cowen lifted their price target on shares of Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Jefferies Financial Group raised their price target on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Argus set a $203.00 price target on shares of Chevron in a research note on Tuesday, February 3rd. Piper Sandler cut their price target on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Melius Research raised 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. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $178.95.

Chevron Company Profile

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.