Rep. Maria Elvira Salazar Acquires Shares of Chevron Corporation (NYSE:CVX)

Representative Maria Elvira Salazar (Republican-Florida) recently bought shares of Chevron Corporation (NYSE:CVX). In a filing disclosed on October 7th, the Representative disclosed that they had bought between $1,001 and $15,000 in Chevron stock on September 2nd. The trade occurred in the Representative’s “UBS BROKERAGE ACCOUNT” account.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Citigroup (NYSE:C) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of GE Aerospace (NYSE:GE) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of RH (NYSE:RH) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 9/24/2026.

Chevron Trading Up 3.1%

Shares of NYSE CVX opened at $211.56 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $217.78. The company has a market cap of $418.00 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 0.57 and a beta of 0.53. The business has a fifty day simple moving average of $204.21 and a 200-day simple moving average of $192.94.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter last year, the business posted $1.77 EPS. Chevron’s revenue was up 57.4% on a year-over-year basis. Sell-side analysts predict that Chevron Corporation will post 17.47 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is currently 68.26%.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 317,100 shares of Chevron stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John B. Hess sold 100,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the transaction, the director directly owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Insiders own 0.56% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil rose above $92.60 amid concerns about Middle East supply, supporting expectations for stronger upstream earnings. UBS also raised its Chevron price target to $235, while Zacks upgraded the stock to “Strong Buy.” Why Is Chevron Stock Surging on Thursday?
• Positive Sentiment: Chevron agreed to transfer its Hess Midstream ownership interests and DJ Basin midstream assets to Hess Midstream in exchange for revised Bakken contracts and a $200 million cash payment. The restructuring is expected to cut Chevron’s Bakken midstream costs by roughly 50%, eliminate about $3.7 billion of associated debt and improve returns on capital. Chevron’s Portfolio Reshaping Strategy to Unlock Stronger Returns
• Positive Sentiment: Several recent commentaries highlighted Chevron’s cash generation, dividend appeal and portfolio simplification, reinforcing the view that the company can deliver stronger shareholder returns despite volatile commodity prices. Chevron highlighted as Zacks Bull of the Day
• Neutral Sentiment: Chevron began shutting in four operated Gulf of Mexico facilities as Tropical Storm Isaias approached. The outages could tighten fuel markets and support oil prices, but they may temporarily reduce Chevron’s production and raise restart costs. Chevron Shuts In Four Gulf Facilities as Hurricane Isaias Nears
• Neutral Sentiment: CEO Mike Wirth warned that a U.S. diesel-export ban could worsen global shortages by removing supply from international markets. The comments highlight potentially favorable market conditions for refiners but also political and regulatory uncertainty. Chevron CEO Warns Against Diesel Export Ban
• Negative Sentiment: The Hess Midstream transaction is expected to produce a $3 billion–$4 billion closing loss for Chevron. Although long-term Bakken economics should improve, the charge may weigh on reported results and investor sentiment in the near term. Chevron Is Offloading Hess Midstream

Analyst Ratings Changes

A number of research firms have recently issued reports on CVX. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a report on Thursday, July 2nd. Wells Fargo & Company lifted their price objective on shares of Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their target price on shares of Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Piper Sandler increased their target price on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Finally, Mizuho set a $224.00 target price on Chevron in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued 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 a consensus target price of $210.24.

Institutional Trading of Chevron

Several hedge funds and other institutional investors have recently modified their holdings of CVX. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron during the 1st quarter valued at about $25,000. Main Street Group LTD acquired a new position in Chevron during the first quarter worth $28,000. Phillip James Consulting Co. bought a new position in Chevron during the fourth quarter valued at about $26,000. Kilter Group LLC bought a new position in Chevron during the second quarter valued at about $28,000. Finally, Basso Capital Management L.P. acquired a new stake in shares of Chevron in the fourth quarter worth about $27,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027.

Salazar (Republican Party) ran for re-election to the U.S. House to represent Florida’s 27th Congressional District. She won in the general election on November 5, 2024.

Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.