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

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 Up 2.0%

Shares of NYSE:CVX opened at $222.05 on Thursday. The stock’s 50-day moving average price is $206.20 and its 200-day moving average price is $193.23. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $222.55. The stock has a market capitalization of $438.71 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping 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 firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. The company’s quarterly revenue was up 57.4% on a year-over-year basis. On average, equities analysts anticipate that Chevron Corporation will post 17.59 earnings per share for the current year.

Chevron Announces Dividend

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

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: An analyst upgrade helped push CVX to a new one-year high, reinforcing investor confidence in Chevron’s earnings outlook. Chevron Sets New 1-Year High on Analyst Upgrade
• Positive Sentiment: Chevron CEO Mike Wirth said commercial inventories, emergency reserves and previously sanctioned oil supplies have been heavily drawn down following the Iran-related disruption. Tighter global buffers could support crude and diesel prices, potentially benefiting Chevron’s upstream cash flow, although they also increase market and geopolitical risk. Chevron CEO Warns Oil Buffers Have Been Drained
• Positive Sentiment: Chevron is among the companies investing in Venezuela’s oil revival as the United States seeks alternative supply sources amid Strait of Hormuz disruptions. Successful development could create longer-term production and cash-flow growth. Venezuela’s Oil Revival
• Positive Sentiment: Chevron and Shell are restoring U.S. Gulf production after Hurricane Isaias, with facilities reportedly avoiding storm damage. A rapid restart limits operational losses and supports near-term production. Chevron and Shell Lead Gulf Oil Recovery
• Positive Sentiment: Chevron’s technical expertise helped deliver first commercial gas from Australia’s Beetaloo Basin, potentially adding to future LNG supply and expanding its growth platform. Chevron and Australia’s Beetaloo Gas
• Neutral Sentiment: Commentary highlights Chevron’s integrated model, which can support dividends when oil prices weaken because refining and chemicals may offset upstream pressure. However, the stock’s strong multiyear rally has left investors questioning how much future cash flow is already reflected in the price. Chevron Stock Looks Reasonable With Cash Flow Value Above Price
• Negative Sentiment: Chevron agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on reported results and raise concerns about asset quality despite recent strong earnings. Chevron Is Cleaning House Before Earnings Peak Fades

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CVX. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Bank of America raised their target price on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. BNP Paribas Exane cut their target price on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Piper Sandler lifted their target price on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley upped their price target on shares of Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. One equities research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $213.08.

Insider Activity at Chevron

In other news, CEO Michael Wirth sold 317,100 shares of the business’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 completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Pate sold 2,470 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the transaction, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

A number of large investors have recently modified their holdings of CVX. State Street Corp raised its position in Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after buying an additional 5,998,852 shares during the last quarter. BlackRock Inc. bought a new position in Chevron during the 2nd quarter valued at about $25,663,729,000. Berkshire Hathaway Inc boosted its holdings in shares of Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after acquiring an additional 8,091,570 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Chevron by 5.1% during the 1st quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock valued at $5,716,694,000 after acquiring an additional 1,334,976 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Chevron by 1.5% in the fourth quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company’s stock worth $2,609,194,000 after acquiring an additional 254,323 shares during the period. Institutional investors own 72.42% 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

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.