Chevron Corporation (NYSE:CVX – Free Report) – Analysts at Erste Group Bank lifted their FY2026 EPS estimates for Chevron in a research note issued to investors on Thursday, April 2nd. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings per share of $7.94 for the year, up from their previous forecast of $7.46. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share.
CVX has been the subject of several other research reports. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Argus set a $203.00 price target on shares of Chevron in a research report on Tuesday, February 3rd. Morgan Stanley raised their price target on shares of Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Finally, Barclays lifted their price target on shares of Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.64.
Chevron Price Performance
Shares of CVX opened at $201.37 on Wednesday. The company has a market capitalization of $401.82 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $190.43 and a 200 day moving average of $167.42. Chevron has a twelve month low of $132.04 and a twelve month high of $214.71.
Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share.
Hedge Funds Weigh In On Chevron
A number of institutional investors and hedge funds have recently made changes to their positions in CVX. United Bank lifted its holdings in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after purchasing an additional 796 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after purchasing an additional 4,214 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Chevron by 1.9% during the second quarter. Gamco Investors INC. ET AL now owns 24,271 shares of the oil and gas company’s stock valued at $3,475,000 after purchasing an additional 455 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Chevron by 33.2% during the second quarter. Bank of Nova Scotia now owns 271,443 shares of the oil and gas company’s stock valued at $38,868,000 after purchasing an additional 67,641 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its holdings in Chevron by 1.8% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 5,614 shares of the oil and gas company’s stock valued at $804,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.
Insider Buying and Selling
In related news, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00. Following the transaction, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 782,607 shares of company stock valued at $146,510,571 in the last 90 days. 0.21% of the stock is owned by insiders.
Chevron Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. Chevron’s payout ratio is 106.91%.
Key Stories Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: BMO Capital raised its price target on Chevron to $205 (from $200) and kept an Outperform rating, citing higher Q1 assumptions amid the Iran war and volatile oil markets — a near-term analyst boost for the stock. BMO Capital Boosts Chevron (CVX) Target, Sees Wide Range for Oil Prices
- Positive Sentiment: Chevron resumed production at the Leviathan gas field and added pipeline/platform capacity, improving near‑term gas volumes and export optionality (Israel, Egypt, Jordan, Europe) that supports CVX’s upstream gas growth profile. Chevron Leviathan Restart And Capacity Lift Feed Into CVX Story
- Positive Sentiment: Geopolitical supply risk — including reported U.S. strikes on Kharg Island and Strait of Hormuz tensions — pushed oil above $110, boosting revenue/margin expectations for integrated producers like Chevron. Higher spot oil supports cash flow, dividends and buyback capacity. US Strikes Iran’s Kharg Island as Hormuz Deadline Nears; Oil Surges Above $110
- Neutral Sentiment: Sector technicals and analyst upgrades underpin XLE and its top holdings (Chevron is ~17% of XLE), but MarketBeat flags a near-term pullback/“dark cloud” candle — supportive longer-term earnings trends but potential short-term consolidation. XLE ETF Hits Peak: What Comes Next May Surprise You
- Neutral Sentiment: Retail flows into stocks dropped sharply from January highs, but historical April seasonality tends to favor bulls — a mixed signal that could limit downside if institutional buying continues. Retail Stock Buying Drops 50% From January Highs as Sellers Take Over
- Negative Sentiment: Barron’s warned the energy sector may lag during broader market rallies, noting short-term selling pressure can hit oil names even as oil prices stay elevated — a reminder of potential volatility and rotation risk for CVX. Exxon, Chevron, More Oil Stocks Fall. Get Used To It.
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.
Further Reading
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