Chevron (NYSE:CVX) Stock Price Up 1.3% – Should You Buy?

Chevron Corporation (NYSE:CVX) was up 1.3% during mid-day trading on Friday . The company traded as high as $176.42 and last traded at $176.2920. Approximately 5,961,238 shares were traded during trading, a decline of 48% from the average session volume of 11,565,145 shares. The stock had previously closed at $174.05.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron signed a five-year gas supply agreement with Australia’s Alinta Energy, extending a long-running partnership and reinforcing demand for its Western Australia gas portfolio. Reuters: Chevron Australia signs five-year gas supply agreement with Alinta Energy
• Positive Sentiment: Chevron’s Microsoft power deal is being highlighted as a long-term growth driver, with the contract tied to rising AI/data center electricity demand and potentially adding a new cash-flow stream beyond oil. Yahoo Finance: Can Chevron’s Microsoft Partnership Power the Next Leg of Growth?
• Positive Sentiment: Chevron is licensing enhanced oil recovery and surfactant technology to ZL Chemicals, which could improve shale production and extend well life, supporting output and efficiency. Zacks: Chevron’s New Technology Licensing Deal to Boost Shale Oil Recovery
• Positive Sentiment: New Russia sanctions talk could tighten global energy flows by targeting countries that buy Russian oil and gas, which may support crude and natural gas pricing conditions for major producers like Chevron. Quiver Quant: Bipartisan Senators Reach Agreement With Trump Administration to Advance New Russia Sanctions Bill
• Positive Sentiment: UBS keeping a buy rating on Chevron adds to the bullish tone around the stock. The Globe and Mail: UBS Keeps Their Buy Rating on Chevron (CVX)
• Neutral Sentiment: Recent commentary also points to Chevron’s exposure to AI-related power demand and energy security themes, but these are still more long-term narrative drivers than near-term earnings catalysts. Zacks: Can Chevron’s Microsoft Partnership Power the Next Leg of Growth?
• Negative Sentiment: Any sanctions-related retaliation or disruption to global oil and gas trade could increase market volatility and uncertainty around future demand and pricing. Quiver Quant: Bipartisan Senators Reach Agreement With Trump Administration to Advance New Russia Sanctions Bill

Analysts Set New Price Targets

CVX has been the subject of a number of recent analyst reports. Scotiabank lifted their price objective on shares of Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Mizuho increased their target price on shares of Chevron from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. UBS Group restated a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Citigroup lifted their price target on Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Zacks Research cut Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.83.

Chevron Trading Up 1.3%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm has a market capitalization of $351.10 billion, a PE ratio of 30.55, a P/E/G ratio of 0.60 and a beta of 0.50. The company’s fifty day simple moving average is $182.23 and its 200-day simple moving average is $181.32.

Chevron (NYSE:CVX) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.41. The business had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.18 earnings per share. As a group, sell-side analysts expect that Chevron Corporation will post 15.28 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, May 19th. Chevron’s payout ratio is 123.40%.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the transaction, the director owned 278,045 shares of the company’s stock, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Chevron

A number of institutional investors have recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new stake in Chevron during the 1st quarter worth $25,000. Core Wealth Advisors LLC purchased a new stake in shares of Chevron during the fourth quarter worth $26,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Finally, Karpus Management Inc. purchased a new position in shares of Chevron in the fourth quarter worth about $27,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.