Chevron (NYSE:CVX) Stock Price Down 2.7% – What’s Next?

Chevron Corporation (NYSE:CVX)’s stock price dropped 2.7% on Monday . The stock traded as low as $203.50 and last traded at $203.76. Approximately 8,449,117 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 10,726,331 shares. The stock had previously closed at $209.51.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron plans to increase exploration spending by approximately 50% next year and ramp up drilling activity. The investment could expand its production base, support future cash flow and strengthen the company’s ability to sustain shareholder distributions over the long term. Chevron exploration spending article
• Positive Sentiment: Greece’s energy ministry said Chevron will begin seismic research in offshore blocks by year-end. The work provides a potential avenue for future exploration opportunities in the Eastern Mediterranean. Reuters Greece seismic research article
• Positive Sentiment: Analysts continue to see support from solid oil prices, Chevron’s integrated business model and its midstream operations. Wall Street commentary has also highlighted CVX as a preferred large energy stock amid uncertainty surrounding oil markets. CNBC Chevron analyst article
• Positive Sentiment: Erste Group raised its Chevron EPS forecasts modestly to $16.09 for fiscal 2026 and $13.52 for fiscal 2027, signaling a slightly improved earnings outlook. U.S. imports of Venezuelan crude have also increased, potentially benefiting Chevron’s regional production and refining exposure.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho set a $224.00 target price on Chevron in a research report on Monday, August 3rd. Barclays reduced their price objective on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Morgan Stanley boosted their price objective on shares of Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, UBS Group reiterated a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Twenty investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus price target of $211.35.

Chevron Stock Up 1.7%

The company has a market capitalization of $406.77 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 0.60 and a beta of 0.50. The stock’s fifty day moving average price is $200.25 and its 200-day moving average price is $191.97. 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) 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, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same period in the previous year, the business earned $1.77 EPS. The company’s revenue was up 57.4% compared to the same quarter last year. On average, sell-side analysts predict that Chevron Corporation will post 16.52 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron’s dividend payout ratio is 68.26%.

Insider Buying and Selling

In related news, insider Andrew Walz sold 16,800 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider owned 10,794 shares of the company’s stock, valued at $2,213,957.34. The trade was a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new position in shares of Chevron in the first quarter valued at about $25,000. Main Street Group LTD acquired a new stake in Chevron during the first quarter valued at $28,000. Phillip James Consulting Co. purchased a new position in shares of Chevron in the 4th quarter valued at about $26,000. Kilter Group LLC purchased a new stake in shares of Chevron in the second quarter valued at approximately $28,000. Finally, Core Wealth Advisors LLC acquired a new position in Chevron during the fourth quarter worth $26,000. 72.42% of the stock is owned by institutional investors and hedge funds.

About Chevron

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.