Chevron (NYSE:CVX) Stock Price Down 1.8% – What’s Next?

Chevron Corporation (NYSE:CVX) was down 1.8% during mid-day trading on Thursday . The stock traded as low as $182.09 and last traded at $182.4590. Approximately 9,641,796 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 12,879,064 shares. The stock had previously closed at $185.82.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron won a prized Sirte Basin block in Libya, marking a material expansion into a high‑reserve basin and helping drive recent upside in the stock. Chevron to enter Libya after winning bid for prized Sirte Basin block
• Positive Sentiment: Venezuela plans to grant more oil‑drilling blocks to Chevron (and Repsol), potentially increasing future production exposure if terms are finalized. Venezuela to grant more oil drilling blocks to Chevron, Repsol
• Positive Sentiment: Chevron has publicly confirmed processing Venezuelan crude at a Gulf Coast refinery after recent political developments, unlocking incremental crude flows and short‑term refinery margins. Inside Chevron’s flagship refinery tapping into Venezuelan crude after Maduro’s capture
• Positive Sentiment: Chevron’s Permian scale (reported ~1M boe/d) and AI-driven efficiency gains are cited as strengthening free cash flow and margin resilience—supporting long‑term cash generation. Chevron’s Permian Scale Drives Cash Flow and Efficiency Edge
• Positive Sentiment: Chevron raised its quarterly dividend by ~4.09% (to $1.78), supporting income investor demand. Chevron Dividend Increase By 4.09%
• Neutral Sentiment: Ongoing media coverage and executive interviews (Fox Business segments/YouTube) highlight the Venezuela activity but add no new deal details—amplifying awareness more than fundamentals. ‘EXCITING TIME’: Chevron exec taps into the benefits from Venezuelan oil
• Neutral Sentiment: Multiple bullish analyst/commentary pieces (Barron’s, The Motley Fool) argue Chevron’s setup is attractive, but these are thematic views rather than new corporate announcements. I Said I’d Buy Chevron Over ConocoPhillips in 2026…
• Negative Sentiment: A CTO sale of 5 shares was disclosed (SEC Form 4); size is immaterial but can be cited by short‑term traders as a selling signal. SEC Form 4 – Thomas Ryder Booth sale
• Negative Sentiment: After strong recent gains (Libya/Venezuela news), the stock is seeing profit‑taking and lower volume; investors may be pausing for clarity on deal terms, timelines and geopolitical/regulatory risk, pressuring the price today.

Wall Street Analyst Weigh In

Several brokerages have commented on CVX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Barclays upped their price target on shares of Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Jefferies Financial Group lifted their price objective on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. BMO Capital Markets restated an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research note on Monday, February 2nd. Finally, UBS Group reaffirmed a “buy” rating and set a $212.00 target price on shares of Chevron in a research report on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $175.00.

Chevron Trading Down 1.8%

The stock has a market capitalization of $367.39 billion, a P/E ratio of 27.40, a P/E/G ratio of 12.25 and a beta of 0.70. The stock’s 50 day moving average price is $161.23 and its 200-day moving average price is $157.06. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 earnings per share. As a group, equities research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.9%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s payout ratio is 106.91%.

Insiders Place Their Bets

In other news, Vice Chairman Mark A. Nelson sold 45,800 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the transaction, the insider directly owned 7,161 shares of the company’s stock, valued at approximately $1,247,231.37. This represents a 86.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $175.01, for a total value of $5,617,821.00. Following the completion of the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $764,093.66. The trade was a 88.03% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 793,163 shares of company stock valued at $127,920,502. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CVX. Perigon Wealth Management LLC grew its position in Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after buying an additional 11,875 shares during the last quarter. New York State Teachers Retirement System lifted its position in Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after purchasing an additional 215,345 shares during the period. Pictet North America Advisors SA purchased a new stake in Chevron in the 3rd quarter valued at approximately $5,662,000. New York State Common Retirement Fund increased its position in Chevron by 10.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,894,470 shares of the oil and gas company’s stock worth $294,192,000 after purchasing an additional 175,439 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in shares of Chevron by 7.3% in the 2nd quarter. Mutual Advisors LLC now owns 88,759 shares of the oil and gas company’s stock valued at $13,743,000 after buying an additional 6,058 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

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.