Chevron (NYSE:CVX) Insider Andrew Benjamin Walz Sells 16,800 Shares

Chevron Corporation (NYSE:CVX) insider Andrew Benjamin Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chevron Price Performance

Shares of CVX stock opened at $205.78 on Thursday. The company’s 50-day simple moving average is $184.27 and its two-hundred day simple moving average is $187.75. The company has a market capitalization of $406.57 billion, a P/E ratio of 19.73, a P/E/G ratio of 0.63 and a beta of 0.49. Chevron Corporation has a one year low of $146.49 and a one year high of $214.71. 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 results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 EPS. As a group, equities analysts anticipate that Chevron Corporation will post 15.86 EPS 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 issued a $1.78 dividend. The ex-dividend date 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 (DPR) is currently 68.26%.

Analyst Ratings Changes

CVX has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $216.00 price objective on shares of Chevron in a research report on Friday, July 10th. TD Cowen increased their price target on shares of Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Zacks Research cut shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Scotiabank lifted their price objective on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Sanford C. Bernstein boosted their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.48.

Institutional Trading of Chevron

Several large investors have recently bought and sold shares of the stock. Midwest Capital Advisors LLC acquired a new position in shares of Chevron in the first quarter valued at about $25,000. Core Wealth Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at $26,000. Phillip James Consulting Co. purchased a new position in shares of Chevron during the 4th quarter worth $26,000. Basso Capital Management L.P. purchased a new position in shares of Chevron during the 4th quarter worth $27,000. Finally, Karpus Management Inc. acquired a new stake in shares of Chevron during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Investors purchased 62,675 CVX call options, approximately 45% above average volume, signaling increased bullish positioning and potentially helping support the stock.
• Positive Sentiment: Chevron’s offshore Angola discovery encountered a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay. Its proximity to existing infrastructure could allow a lower-cost tie-back and add future oil and gas production. Chevron’s Angola discovery
• Positive Sentiment: Equinor agreed to acquire a 17.4% stake in Chevron-operated exploration licence PEL 90 offshore Namibia. The partnership shares exploration costs while Chevron retains operatorship ahead of planned 2026 drilling, reducing CVX’s financial exposure to the project. Equinor takes stake in Chevron Namibia exploration licence
• Positive Sentiment: Analyst commentary remains constructive, with Morgan Stanley reportedly expecting further upside. Chevron’s latest quarterly results also exceeded expectations, with EPS of $6.06 versus $5.55 expected and revenue of $67.2 billion versus $62.72 billion forecast.
• Positive Sentiment: Chevron’s $1.78 quarterly dividend, equivalent to a 3.5% annualized yield, reinforces its appeal to income-focused investors.
• Neutral Sentiment: The main near-term driver remains crude prices: stronger oil prices improve upstream revenue and cash flow, while any retreat can quickly pressure CVX shares and offset positive project news.
• Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported holdings by 92.34%. The sale may weigh on sentiment, although insider transactions can reflect personal financial planning rather than a change in the company’s outlook. Chevron CEO Form 4 filing

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.