Chevron (NYSE:CVX) Shares Down 2.1% Following Insider Selling

Posted by Geri Gentry on Aug 7th, 2026

Chevron Corporation (NYSE:CVX – Get Free Report)’s stock price dropped 2.1% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $186.27 and last traded at $186.4830. Approximately 8,176,315 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 11,067,424 shares. The stock had previously closed at $190.40.

Specifically, Director John B. Hess sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares of the company’s stock, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John B. Hess sold 710,665 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the transaction, the director owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Analysts Set New Price Targets

Several analysts have recently commented on CVX shares. TD Cowen increased their price objective on Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a report on Wednesday. UBS Group restated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Wells Fargo & Company upped their target price on Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Scotiabank boosted their price target on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Mizuho set a $224.00 target price on Chevron in a research report on Monday. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $207.48.

Read Our Latest Research Report on CVX

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron reported a sharp earnings rebound, with quarterly net income reaching $12.1 billion versus $2.5 billion a year earlier. The company also exceeded earnings and revenue expectations, benefiting from higher energy prices and Middle Eastern supply disruptions. Chevron Turned $3.1 Billion Loss Into A Gain
Positive Sentiment: Analysts remain constructive, with TD Cowen forecasting meaningful appreciation potential. Coverage also highlights record production, debt reduction and Chevron’s long-term power agreement with Microsoft as support for the investment case. TD Cowen Forecasts Strong Price Appreciation for Chevron
Positive Sentiment: Chevron’s dividend, scale, financial strength and resilient operations continue to attract income-focused investors despite volatile oil prices. The company is also expanding its North American base-oils distribution network, potentially supporting downstream growth and product diversification. Beyond Oil Prices: The Case for 3 Dividend-Paying Energy Giants
Neutral Sentiment: Conflict-related uncertainty in the Gulf is keeping energy options premiums elevated and creating trading opportunities around major oil companies. The same volatility could support Chevron’s cash flow, but it also increases commodity and geopolitical risk. Gulf Uncertainty Is Creating a Win-Win Strategy
Negative Sentiment: Director John B. Hess sold 810,665 shares in disclosed transactions, reducing his holdings substantially. CEO Michael Wirth separately sold 5,547 shares, or 17.41% of his direct position. Large insider sales may pressure sentiment, although they do not necessarily indicate deteriorating business fundamentals. Chevron Director Insider Sale Filing

Chevron Stock Performance

The stock has a market capitalization of $371.28 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 0.57 and a beta of 0.49. The firm’s fifty day moving average is $182.29 and its 200-day moving average is $185.80. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.14%. The business had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same period last year, the business earned $1.77 earnings per share. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, research analysts anticipate that Chevron Corporation will post 15.88 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, August 19th. Chevron’s payout ratio is currently 68.26%.

Hedge Funds Weigh In On Chevron

Several hedge funds have recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in shares of Chevron during the first quarter worth $25,000. Main Street Group LTD purchased a new position in Chevron in the first quarter worth approximately $28,000. Phillip James Consulting Co. acquired a new position in Chevron during the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new position in Chevron during the 4th quarter worth approximately $26,000. Finally, Karpus Management Inc. purchased a new stake in shares of Chevron in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

About Chevron

(Get Free Report)

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.