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 company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Chevron Stock Performance

Shares of CVX stock traded up $3.07 during mid-day trading on Tuesday, hitting $205.77. The stock had a trading volume of 7,694,192 shares, compared to its average volume of 10,902,106. The firm has a market cap of $406.55 billion, a PE ratio of 19.73, a PEG ratio of 0.61 and a beta of 0.49. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71. The company’s 50-day simple moving average is $183.57 and its 200-day simple moving average is $187.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. Sell-side analysts anticipate that Chevron Corporation will post 15.86 earnings per share for the current year.

Chevron Dividend Announcement

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

Key Headlines Impacting Chevron

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

A number of large investors have recently added to or reduced their stakes in CVX. BlackRock Inc. acquired a new position in Chevron during the second quarter worth about $25,663,729,000. State Street Corp grew its position in shares of Chevron by 9.1% in the third 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 increased its stake in shares of 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 worth $19,837,131,000 after purchasing an additional 8,091,570 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Chevron by 0.3% during the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Chevron by 2.7% during 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 purchasing an additional 961,341 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on CVX. Bank of America boosted their price objective on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $216.00 target price on shares of Chevron in a report on Wednesday, May 6th. Morgan Stanley decreased their price target on Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, UBS Group reaffirmed a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Twenty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average price target of $207.13.

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.