Rep. Kevin Hern Sells Off Shares of Chevron Corporation (NYSE:CVX)

Posted by Francis Steltz on Oct 16th, 2026

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Chevron Corporation (NYSE:CVX). In a filing disclosed on October 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Chevron stock on September 23rd. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” account.

Representative Kevin Hern also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 10/2/2026.
Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/23/2026.
Sold $50,001 – $100,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 9/23/2026.
Sold $50,001 – $100,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/23/2026.
Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/23/2026.
Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/23/2026.
Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/23/2026.
Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/17/2026.

Chevron Stock Down 1.1%

Chevron stock opened at $219.51 on Friday. Chevron Corporation has a twelve month low of $146.49 and a twelve month high of $223.46. The firm has a 50 day moving average price of $206.81 and a 200-day moving average price of $193.29. The company has a market capitalization of $433.71 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.61 and a beta of 0.53. 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 (NYSE:CVX – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 EPS. As a group, equities analysts predict that Chevron Corporation will post 17.53 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Chevron’s payout ratio is presently 68.26%.

Institutional Investors Weigh In On Chevron

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Midwest Capital Advisors LLC bought a new stake in Chevron during the first quarter valued at $25,000. Main Street Group LTD bought a new position in Chevron in the 1st quarter worth about $28,000. Phillip James Consulting Co. bought a new position in Chevron in the 4th quarter worth about $26,000. Kilter Group LLC purchased a new stake in shares of Chevron in the 2nd quarter valued at about $28,000. Finally, Basso Capital Management L.P. purchased a new stake in shares of Chevron in the 4th quarter valued at about $27,000. 72.42% of the stock is currently owned by institutional investors.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley
Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations
Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock.
Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high
Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted
Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis

Wall Street Analyst Weigh In

Several brokerages have issued reports on CVX. Mizuho set a $234.00 target price on Chevron in a research note on Monday. BNP Paribas Exane dropped their price target on Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. TD Cowen increased their price target on Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a research note on Monday. The Goldman Sachs Group cut their price target on Chevron from $240.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Finally, Dbs Bank raised Chevron to a “moderate buy” rating in a report on Thursday, August 6th. 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $213.42.

View Our Latest Research Report on CVX

Insiders Place Their Bets

In related news, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hess sold 100,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Chevron Company Profile

(Get Free Report)

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.

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