Chevron CEO Sells $52.3M of Stock as GatePass Capital Buys $837K Stake
CEO Michael K. Wirth sold 320,700 CVX shares on Jan 5 at $162.99, generating $52.3 million and reducing his stake by 95.7%, while CFO Eimear P. Bonner sold 28,334 shares at $165.05 for $4.68 million. GatePass acquired 5,391 shares worth $837,000 in Q3.
1. Congressional Insider Sale
In a January 15th SEC disclosure, Representative Roger Williams (R-Texas) reported the sale of between $15,001 and $50,000 worth of Chevron Corporation shares on December 22nd. The transaction was executed through his CHARLES SCHWAB 4067 account. This sale represents his most recent trade in Chevron stock following earlier moves in other energy and financial names, underscoring continued regulatory scrutiny of congressional trading activity in major energy firms.
2. Chevron Operational and Financial Metrics
Chevron reported quarterly revenue of $48.17 billion on October 31st, slightly below year-ago levels but exceeding analyst consensus by $1.18 billion. The company generated net income margins of 6.57% and a return on equity of 8.74%. With a market capitalization of approximately $335 billion, Chevron trades at a P/E ratio near 23.4 and a PEG ratio of 10.3. Its balance sheet remains strong, with a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.
3. Dividend Policy and Analyst Sentiment
Chevron declared its most recent quarterly dividend of $1.71 per share, equating to a $6.84 annualized payout and roughly a 4.1% yield, with an ex-dividend date of November 18th. The company’s dividend payout ratio stands at 96.2%. On the analyst front, consensus from MarketBeat indicates a "Hold" rating, based on 1 Strong Buy, 13 Buy, 9 Hold and 4 Sell recommendations, and an average price target near $168.30.