Rep. Pete Sessions Unloads Shares of Chevron Corporation (NYSE:CVX)

Representative Pete Sessions (Republican-Texas) recently sold shares of Chevron Corporation (NYSE:CVX). In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Chevron stock on October 14th. The trade occurred in the Representative’s “ET IRA” account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 10/28/2026.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/22/2026.
• Sold $1,001 – $15,000 in shares of Solstice Advanced Mat (NASDAQ:SOLS) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 10/21/2026.
• Sold $0 – $1,000 in shares of Resideo Technologies (NYSE:REZI) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 10/20/2026.
• Sold $15,001 – $50,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 10/15/2026.

Chevron Stock Up 0.3%

Shares of CVX stock opened at $228.88 on Thursday. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $234.08. The stock’s fifty day moving average price is $212.05 and its 200 day moving average price is $192.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The company has a market cap of $452.22 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 0.55 and a beta of 0.53.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same period in the prior year, the company posted $1.77 EPS. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, research analysts expect that Chevron Corporation will post 18.20 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their target price on Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a research note on Thursday, July 2nd. Barclays lowered their price target on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Finally, HSBC set a $90.00 price target on Chevron in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $213.96.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is expected to benefit from higher oil prices, stronger production and improving cash flow. Analysts at Zacks view CVX as one of the energy companies positioned to exceed third-quarter earnings estimates. 3 Energy Stocks Poised to Outshine Earnings Estimates in Q3
• Positive Sentiment: An Ariel Investments review highlighted Chevron’s strong production, synergies from its Hess acquisition and higher cash flow, factors that could support shareholder returns and the stock’s recent strength. Chevron Corporation Gains on Strong Production, Hess Synergies, and Higher Cash Flow
• Positive Sentiment: TotalEnergies will acquire a 25% interest in 26 Chevron-operated U.S. offshore exploration leases, while Chevron takes a 75% operated stake in two adjacent leases. The transaction strengthens Chevron’s offshore partnership and could help share exploration risk. TotalEnergies Enters 26 Chevron-Operated Offshore Exploration Blocks
• Positive Sentiment: Chevron also reported a high-quality natural-gas discovery offshore Egypt, potentially adding to its long-term production portfolio. Its Australian business signed a five-year gas supply agreement with South32 beginning in 2028, providing additional contracted demand. Chevron Makes High-Quality Gas Discovery Offshore Egypt
• Neutral Sentiment: The October 30 earnings release is the immediate catalyst. Investors will assess oil-price sensitivity, production growth, Hess integration, dividend coverage and buybacks against already elevated expectations. Chevron to Report Earnings Tomorrow: Here Is What to Expect
• Negative Sentiment: Some analysts argue CVX’s valuation already assumes persistently high oil prices. After a roughly 145% five-year gain and a climb toward the stock’s 12-month high, any earnings or commodity-price disappointment could trigger profit-taking, even though a discounted-cash-flow analysis suggests the shares may still be undervalued. Chevron Earnings Preview

Insiders Place Their Bets

In other news, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Hess sold 710,665 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the sale, the director directly owned 363,711 shares of the company’s stock, valued at $70,596,305.10. The trade was a 66.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,195,682 shares of company stock valued at $235,619,780. 0.56% of the stock is owned by insiders.

Institutional Trading of Chevron

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corecam AG bought a new stake in Chevron during the third quarter worth $244,000. Bell Investment Advisors Inc increased its stake in shares of Chevron by 3.6% during the 3rd quarter. Bell Investment Advisors Inc now owns 8,257 shares of the oil and gas company’s stock worth $1,686,000 after purchasing an additional 289 shares during the last quarter. Columbia Bank increased its position in Chevron by 2.3% during the third quarter. Columbia Bank now owns 24,527 shares of the oil and gas company’s stock worth $5,009,000 after buying an additional 563 shares during the last quarter. Hoey Investments Inc. raised its stake in Chevron by 10.2% in the third quarter. Hoey Investments Inc. now owns 2,457 shares of the oil and gas company’s stock valued at $502,000 after buying an additional 227 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Chevron in the third quarter valued at approximately $276,022,000. 72.42% of the stock is owned by institutional investors and hedge funds.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas’ 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas’ 17th Congressional District. He won in the general election on November 5, 2024.

On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023.

Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions’ career experience includes working as an executive with AT&T.

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.