Erste Group Bank Cuts Earnings Estimates for Chevron

Chevron Corporation (NYSE:CVX) – Analysts at Erste Group Bank decreased their FY2026 EPS estimates for Chevron in a research note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will earn $14.38 per share for the year, down from their previous forecast of $14.71. The consensus estimate for Chevron’s current full-year earnings is $14.78 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $12.44 EPS.

A number of other research analysts have also recently commented on CVX. Weiss Ratings cut Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Scotiabank increased their target price on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Zacks Research lowered Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $216.00 target price on shares of Chevron in a report on Wednesday, May 6th. Finally, Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a research report on Thursday, April 9th. Nineteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus price target of $206.83.

Chevron Stock Up 1.2%

Shares of NYSE CVX opened at $189.71 on Monday. Chevron has a 12-month low of $146.49 and a 12-month high of $214.71. The company has a market cap of $377.83 billion, a P/E ratio of 32.88, a P/E/G ratio of 0.66 and a beta of 0.50. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $181.64 and a 200 day moving average price of $182.93.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same quarter in the previous year, the business posted $2.18 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis.

Institutional Investors Weigh In On Chevron

A number of institutional investors have recently modified their holdings of CVX. Midwest Capital Advisors LLC bought a new position in Chevron during the 1st quarter worth approximately $25,000. Core Wealth Advisors LLC bought a new stake in shares of Chevron in the 4th quarter valued at approximately $26,000. Phillip James Consulting Co. bought a new stake in shares of Chevron in the 4th quarter valued at approximately $26,000. Basso Capital Management L.P. acquired a new stake in shares of Chevron during the 4th quarter valued at approximately $27,000. Finally, Karpus Management Inc. acquired a new stake in shares of Chevron during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were 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 directly owned 278,045 shares of the company’s stock, valued at $53,718,294. This trade represents a 57.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by company insiders.

Chevron Announces Dividend

The business 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 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, May 19th. Chevron’s dividend payout ratio is 123.40%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices jumped above $90 a barrel overnight amid Middle East supply concerns, which can improve Chevron’s upstream pricing and earnings power. Why Are BATL, TPET, XOM, CVX, USO, UCO Stocks Rising Overnight?
• Positive Sentiment: Analysts say Chevron is one of several energy names poised to beat second-quarter earnings estimates, helped by higher oil prices supporting production and oilfield demand. Chevron & 2 Energy Stocks Poised to Beat Q2 Earnings Estimates
• Positive Sentiment: Chevron remains in focus as a potential beneficiary of rising oil prices and broader energy-market volatility tied to Iran-related headlines. Oil Prices Whipsaw On Iran Diplomacy Hopes, Houthi Threat
• Positive Sentiment: Chevron’s push into power deals, including a 2.7-gigawatt agreement with Microsoft, shows the company is expanding beyond traditional oil and gas demand. Chevron Is Hungry for More Power Deals After Inking a 2.7-Gigawatt Contract With Microsoft. Here’s Where the Energy Giant Is Looking Next.
• Neutral Sentiment: Chevron shut in production at its Petronius platform in the U.S. Gulf of Mexico and evacuated personnel ahead of Tropical Depression Two, a prudent safety move that may create only temporary operational disruption. Chevron shuts in US Gulf platform in preparation for developing tropical storm
• Neutral Sentiment: Coverage comparing Chevron with ExxonMobil and broader market commentary are keeping CVX in investor focus, but these items are more sentiment-driven than fundamental. Chevron vs. ExxonMobil: Only One Deserves a Spot in Your Portfolio Today.
• Negative Sentiment: At least one analyst lowered FY2026 EPS estimates for Chevron, suggesting some caution on full-year profitability expectations. FY2026 EPS Estimates for Chevron Decreased by Analyst

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.