Chevron (NYSE:CVX) Stock Price Down 1.5% – What’s Next?

Chevron Corporation (NYSE:CVX) fell 1.5% during trading on Tuesday . The stock traded as low as $186.34 and last traded at $190.31. 9,444,693 shares traded hands during trading, a decline of 15% from the average daily volume of 11,103,001 shares. The stock had previously closed at $193.18.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reported a strong second quarter, with adjusted earnings per share of $6.06 and revenue and other income of $70.06 billion, exceeding analyst expectations. The results benefited from elevated oil prices linked to the Iran conflict. Analysts Raise Chevron Forecasts After Strong Second-Quarter Earnings
• Positive Sentiment: Analysts raised their price targets, including Barclays to $216 and Bernstein to $209, while maintaining neutral ratings. The revisions reflect confidence in Chevron’s earnings, cost discipline and capital-spending controls. Chevron Earnings Call Highlights Cost Discipline
• Positive Sentiment: Chevron is evaluating a pipeline route through Iraq toward Syria or Turkey to bypass the Strait of Hormuz, potentially reducing transportation risks if geopolitical disruptions persist. It is also expanding its North American base-oils distribution network through agreements with HF Sinclair and Renkert Oil. Chevron CEO Evaluates Pipeline Route Around Strait of Hormuz
• Neutral Sentiment: Chevron plans a special employee bonus tied to strong operational results. The move signals confidence in execution but is unlikely to materially affect near-term earnings. Chevron Awards Employees Special Bonus
• Negative Sentiment: President Donald Trump accused Chevron and ExxonMobil of making excessive profits from higher fuel prices and demanded that they reduce pump prices or return some profits to the public. The comments raise concerns about possible political pressure, investigations or policies that could limit industry profitability. Trump Demands Lower Gas Prices From Oil Companies
• Negative Sentiment: Reports that U.S.-Iran negotiations could reduce the risk of prolonged supply disruptions sent crude prices lower, threatening the windfall profits that helped Chevron’s latest results. Energy Stocks Fall After Iran Talks Trigger Oil Selloff
• Negative Sentiment: Berkshire Hathaway reportedly reduced its Chevron position by 35% under Greg Abel, removing a high-profile vote of confidence and adding selling-pressure concerns for CVX. Berkshire Hathaway Reduces Chevron Stake

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CVX shares. Mizuho set a $224.00 price target on Chevron in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of Chevron from $204.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Finally, Barclays raised their target price on shares of Chevron from $213.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $207.26.

Chevron Price Performance

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 company has a 50 day moving average of $181.98 and a 200-day moving average of $185.33. The firm has a market capitalization of $379.02 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.61 and a beta of 0.49.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.14% and a net margin of 9.57%.The firm had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter last year, the business earned $1.77 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, sell-side analysts predict that Chevron Corporation will post 15.64 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares in the company, valued at $53,718,294. The trade was a 57.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CVX. Midwest Capital Advisors LLC acquired a new position in Chevron in the 1st quarter valued at $25,000. Main Street Group LTD acquired a new stake in shares of Chevron during the 1st quarter worth $28,000. Phillip James Consulting Co. bought a new position in shares of Chevron in the fourth quarter worth $26,000. Core Wealth Advisors LLC bought a new position in shares of Chevron in the fourth quarter worth $26,000. Finally, Karpus Management Inc. acquired a new position in Chevron in the fourth quarter valued at about $27,000. 72.42% of the stock is owned by institutional investors.

About Chevron

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.