Chevron (NYSE:CVX) CTO Sells $1,070,580.00 in Stock

Chevron Corporation (NYSE:CVX) CTO Thomas Ryder Booth sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $178.43, for a total value of $1,070,580.00. Following the transaction, the chief technology officer directly owned 476 shares in the company, valued at $84,932.68. This represents a 92.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Chevron Price Performance

Shares of CVX stock traded down $2.03 on Thursday, reaching $179.20. 10,443,539 shares of the company were exchanged, compared to its average volume of 13,497,938. The company has a market cap of $360.83 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 12.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $182.59. The business has a 50-day moving average price of $158.11 and a 200 day moving average price of $156.02.

Chevron (NYSE:CVX) last issued its quarterly 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. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The business had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter in the prior year, the company earned $2.06 earnings per share. The business’s quarterly revenue was down 10.2% on a year-over-year basis. Equities research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 4.0%. Chevron’s dividend payout ratio is presently 102.70%.

Analysts Set New Price Targets

CVX has been the subject of several recent research reports. TD Cowen increased their target price on shares of Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Monday. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Mizuho lifted their price target on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Morgan Stanley lowered their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Chevron has an average rating of “Hold” and an average price target of $175.00.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Company raised its quarterly dividend (to $1.78) and markets are re-emphasizing Chevron’s cash-return story, which supports demand from income-focused investors. Dividend Hike Coverage
• Positive Sentiment: Analyst support and target increases (several buy/overweight notes and price-target bumps) have helped push sentiment and contributed to recent gains. Analyst Upgrade / 12-Month High
• Positive Sentiment: Chevron signed an initial memorandum to explore offshore Syrian waters with a Qatari partner — a potential long‑term production growth opportunity if geopolitical and sanction issues can be managed. Reuters: Syrian waters deal
• Neutral Sentiment: Q4 results were mixed — EPS beat modestly but revenue and net income fell year‑over‑year; that supports the cash‑flow narrative but tempers upside from growth metrics. Q4 Presentation
• Neutral Sentiment: Senior leadership changes were announced for strategy, trading and business development — internal promotions reduce execution risk but are not an immediate earnings catalyst. Reuters: leadership changes
• Negative Sentiment: Significant insider selling disclosed this week (CFO, Vice Chairman, other senior officers) — large, concentrated disposals have spooked some investors and can create short‑term downward pressure on the stock. SEC Form 4 (CFO sale)
• Negative Sentiment: Oil prices slipped after geopolitical risk eased (U.S.–Iran tensions cooled), reducing the sector’s near‑term revenue outlook and weighing on integrated majors like Chevron. Oil Price Slide
• Negative Sentiment: Some shops (HSBC, others) have trimmed estimates or moved to Hold, warning that much of Chevron’s rally may be priced in — such notes can cap further upside. HSBC Cut

Institutional Trading of Chevron

Several institutional investors and hedge funds have recently modified their holdings of CVX. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 27,961,463 shares during the period. State Street Corp increased its stake in shares of Chevron by 9.1% during 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 buying an additional 12,789,399 shares during the period. Berkshire Hathaway Inc increased its position in shares of Chevron by 2.9% during the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after purchasing an additional 3,454,258 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after buying an additional 1,342,723 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Chevron by 15.3% during the 3rd quarter. Northern Trust Corp now owns 22,724,515 shares of the oil and gas company’s stock valued at $3,528,890,000 after acquiring an additional 3,007,403 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

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.