Chevron (NYSE:CVX) Sets New 12-Month High – Still a Buy?

Chevron Corporation (NYSE:CVX)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $205.36 and last traded at $205.1230, with a volume of 15688667 shares traded. The stock had previously closed at $201.73.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron struck a crude offtake agreement with Sable Offshore to secure additional U.S. West Coast supply, which helps feed California refineries at a time of tight global markets and supports refining/upstream margins. Chevron’s Sable Offshore Deal Adds West Coast Supply And Risk Considerations
• Positive Sentiment: An analyst upgrade earlier this week lifted the stock and reflects rising analyst confidence and higher price targets amid the oil rally—a near‑term bullish catalyst for CVX. Chevron (NYSE:CVX) Stock Price Up 1.7% Following Analyst Upgrade
• Positive Sentiment: Energy peers and commodity moves have pushed Big Oil higher; market commentary highlights Chevron as a beneficiary of tighter supply and growing crack spreads, supporting investor appetite for CVX and its dividend. Energy Stocks Surge on Oil Spike: Buy, Hold, or Take Profits?
• Neutral Sentiment: Board governance updated — Chevron’s board approved amended bylaws following the Hess acquisition; routine corporate housekeeping that smooths integration but is unlikely to move the stock materially on its own. Chevron Updates Board Bylaws Following Hess Acquisition
• Neutral Sentiment: Oil prices pulled back on signs of diplomatic de‑escalation, creating short‑term volatility; the pullback tempers immediate upside but leaves medium‑term upside if geopolitical risks re‑escalate. Oil Eases on De‑Escalation Buzz but Risks Persist
• Negative Sentiment: A new federal bill (S.4111) proposing a 50% windfall‑profits excise tax on large crude producers names Chevron specifically and, if it advances, could hit margins and cashflow—a meaningful legislative risk for CVX. New Bill: S.4111 Big Oil Windfall Profits Tax Act
• Negative Sentiment: Chevron and executives are warning of a looming California fuel crisis as imports slow and policy/operational headwinds tighten regional supply—this raises short‑term operational risk and potential margin pressure for West‑Coast operations. Chevron Raises Alarm Over California Energy Crisis as Imports Slow
• Negative Sentiment: Continued Strait of Hormuz disruption (including new transit fees and shipping risk) keeps physical oil spreads elevated and logistic costs higher—a backdrop that increases volatility and costs for global producers like Chevron. Iran Imposes Up to $2M Transit Fees on Ships in Strait of Hormuz

Analysts Set New Price Targets

A number of analysts have recently issued reports on CVX shares. Freedom Capital downgraded shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Wells Fargo & Company boosted their price objective on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Piper Sandler increased their price objective on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Jefferies Financial Group raised their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $184.77.

Chevron Price Performance

The firm has a 50-day simple moving average of $183.79 and a 200-day simple moving average of $164.44. The firm has a market capitalization of $408.89 billion, a PE ratio of 30.77, a PEG ratio of 1.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is currently 106.91%.

Insider Buying and Selling at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R. Hewitt Pate sold 58,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares of the company’s stock, valued at $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,099,397 shares of company stock worth $196,196,468. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVX. Phillip James Consulting Co. bought a new position in shares of Chevron in the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new stake in shares of Chevron during the 4th quarter valued at $26,000. Karpus Management Inc. purchased a new position in shares of Chevron during the 4th quarter valued at $27,000. Basso Capital Management L.P. purchased a new position in shares of Chevron during the 4th quarter valued at $27,000. Finally, Quattro Advisors LLC bought a new position in Chevron in the 4th quarter worth $27,000. 72.42% of the stock is currently 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.