Shares of Chevron Corporation (NYSE:CVX – Get Free Report) fell 1.2% during trading on Tuesday . The company traded as low as $186.73 and last traded at $187.70. 7,376,234 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 11,169,949 shares. The stock had previously closed at $190.00.
Key Chevron News
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Rising crude prices following renewed Middle East hostilities are improving the outlook for Chevron’s upstream earnings. Analysts also expect higher oil prices to help Chevron and ExxonMobil deliver their strongest combined results in roughly 15 quarters. Oil Prices Spike After Iran Launches Surprise Attack on U.S. Forces Chevron, ExxonMobil Earnings Preview
- Positive Sentiment: Chevron’s increased oil production in Venezuela, following the U.S. takeover there, is adding another potential earnings tailwind and has helped the stock outperform much of the Dow. Dow Leader Rides Surging Oil Prices and Trump’s Venezuela Spoils
- Positive Sentiment: Bank of America reportedly favors Chevron over ExxonMobil, maintaining a Buy view on Chevron while cutting ExxonMobil to Neutral. That relative preference may attract investors ahead of earnings. Exxon Cut to Neutral at BofA, Which Favors Buy-Rated Chevron
- Positive Sentiment: Erste Group raised its Chevron EPS forecasts to $14.58 for fiscal 2026 and $12.61 for fiscal 2027, signaling modestly improved expectations, although both remain below the broader current-year consensus of $15.61. Chevron Analyst Estimate Update
- Neutral Sentiment: Investors are focused on Friday’s report, including quarterly earnings, oil and gas production, refining performance, free cash flow and management’s outlook. Elevated expectations create potential for volatility if results or guidance fall short. Chevron Reports Q2: Everything You Need to Know Ahead of Earnings
- Neutral Sentiment: The broader energy sector was mixed Thursday, suggesting Chevron’s performance is being driven more by company-specific earnings anticipation and crude prices than by a uniformly strong sector move. Sector Update: Energy Stocks Mixed Thursday Afternoon
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CVX. Morgan Stanley cut their price target on Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Thursday, July 2nd. Weiss Ratings lowered Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Piper Sandler started coverage on Chevron in a research note on Thursday, July 23rd. They issued an “overweight” rating and a $207.00 target price on the stock. Finally, Barclays boosted their price target on shares of Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Nineteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.04.
Chevron Stock Performance
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 stock has a fifty day moving average price of $181.81 and a two-hundred day moving average price of $184.66. The company has a market cap of $383.48 billion, a P/E ratio of 33.37, a PEG ratio of 0.62 and a beta of 0.50.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS. On average, equities analysts forecast that Chevron Corporation will post 15.61 earnings per share for the current fiscal year.
Insider Activity
In other news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.
Institutional Investors Weigh In On Chevron
Several institutional investors have recently bought and sold shares of CVX. First Community Trust NA lifted its stake in shares of Chevron by 1.6% in the 2nd quarter. First Community Trust NA now owns 8,066 shares of the oil and gas company’s stock worth $1,337,000 after acquiring an additional 129 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in shares of Chevron by 7.7% during the second quarter. Regent Peak Wealth Advisors LLC now owns 4,883 shares of the oil and gas company’s stock valued at $809,000 after acquiring an additional 350 shares during the period. Buska Wealth Management LLC increased its stake in shares of Chevron by 8.6% during the second quarter. Buska Wealth Management LLC now owns 1,231 shares of the oil and gas company’s stock valued at $204,000 after acquiring an additional 97 shares during the period. Accel Wealth Management raised its holdings in Chevron by 3.0% during the second quarter. Accel Wealth Management now owns 6,545 shares of the oil and gas company’s stock worth $1,085,000 after purchasing an additional 188 shares in the last quarter. Finally, Hudson Value Partners LLC raised its holdings in Chevron by 105.6% during the second quarter. Hudson Value Partners LLC now owns 6,940 shares of the oil and gas company’s stock worth $1,150,000 after purchasing an additional 3,565 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.
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.
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