Chevron Director HESS JOHN B Sells 375k Shares at $158.3 on 2025-08-22

Chevron Corporation (CVX) has announced that John B. Hess, a member of its Board of Directors, has sold 375,000 shares at a price of $158.30 per share on August 22, 2025.

Title: Chevron Corporation (CVX) Board Member John B. Hess Sells 375,000 Shares

Chevron Corporation (CVX) announced that John B. Hess, a member of its Board of Directors, sold 375,000 shares of the company's stock at a price of $158.30 per share on August 22, 2025. This transaction, disclosed in the company's latest SEC filing, represents a significant move in the company's shareholding.

The sale of 375,000 shares by Hess is notable given the recent increase in institutional investment in Chevron. According to MarketBeat, several large investors have boosted their holdings in Chevron during the first quarter of 2025. For instance, 1832 Asset Management L.P. increased its stake by 1,610.8%, owning 737,394 shares worth approximately $123.36 million after acquiring an additional 694,291 shares [1]. Similarly, Northwestern Mutual Wealth Management Co. lifted its holdings in Chevron by 6.2%, owning 637,058 shares valued at approximately $106.57 million [2].

Chevron's stock has been the subject of various analyst reports and price target adjustments. While some analysts have maintained a positive outlook, others have adjusted their ratings and price targets. For example, Wells Fargo & Company reaffirmed an "overweight" rating with a target price of $178.00, while DZ Bank cut its rating from "buy" to "sell" with a target price of $130.00 [1]. Despite these varying opinions, Chevron's consensus rating remains "Hold" with a price target of $163.95 [1].

The sale of shares by Hess may indicate a shift in his personal investment strategy or a response to market conditions. However, it is important to note that such transactions are not uncommon among corporate executives and board members. The impact on Chevron's stock price and overall market perception remains to be seen.

References
[1] https://www.marketbeat.com/instant-alerts/filing-1832-asset-management-lp-has-12336-million-stock-position-in-chevron-corporation-cvx-2025-08-22/
[2] https://www.marketbeat.com/instant-alerts/filing-northwestern-mutual-wealth-management-co-grows-stock-holdings-in-chevron-corporation-cvx-2025-08-23/