Chevron (NYSE:CVX) Shares Up 4.3% – Time to Buy?

Chevron Corporation (NYSE:CVX)’s stock price rose 4.3% on Monday . The company traded as high as $194.99 and last traded at $194.57. Approximately 11,921,317 shares changed hands during trading, an increase of 8% from the average daily volume of 11,037,087 shares. The stock had previously closed at $186.56.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst estimates were raised. Erste Group Bank increased its FY2026 EPS forecast for Chevron to $15.32 from $14.58 and its FY2027 forecast to $13.14 from $12.61. While the revised FY2026 estimate remains below the broader consensus of roughly $15.9, the upward changes indicate improving expectations for Chevron’s earnings outlook. Chevron analyst estimate revisions
• Positive Sentiment: Recent quarterly results exceeded expectations. Chevron’s latest reported quarter produced EPS of $6.06 versus the $5.55 consensus estimate, while revenue of $67.20 billion topped the $62.72 billion estimate and rose 57.4% year over year. The earnings beat provides fundamental support for the stock, although future results will remain sensitive to commodity prices. Chevron Q2 earnings metrics
• Positive Sentiment: Momentum and long-term investment screens remain favorable. Zacks highlighted CVX as a strong momentum stock and a top long-term stock based on its style and earnings-outlook measures. These ratings may support demand from quantitative and growth-oriented investors in addition to Chevron’s traditional income-focused shareholder base. Why Chevron is a strong momentum stock
• Neutral Sentiment: Dividend investors are comparing Chevron with Exxon Mobil. Coverage frames the choice as dependent on an investor’s priority for current cash income, rather than identifying a new company-specific catalyst. Chevron’s established dividend remains part of its investment case, but relative yield and payout characteristics could influence capital flows between the two oil majors. Chevron versus Exxon Mobil for passive income
• Negative Sentiment: Occidental Petroleum has recently outperformed Chevron. The comparison underscores the risk that investors may favor higher-beta energy names when they expect another crude-oil price surge. Occidental’s performance advantage does not directly change Chevron’s fundamentals, but it highlights potential opportunity-cost and commodity-price risks for CVX shareholders. Occidental outperforming Chevron

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Chevron in a report on Friday, July 10th. Piper Sandler assumed coverage on shares of Chevron in a research note on Thursday, July 23rd. They issued an “overweight” rating and a $207.00 price objective for the company. Morgan Stanley lowered their target price on shares of Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, Sanford C. Bernstein boosted their target price on shares of Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Nineteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $207.48.

Chevron Stock Up 0.2%

The stock has a fifty day simple moving average of $182.73 and a two-hundred day simple moving average of $186.35. The firm has a market cap of $389.25 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 0.59 and a beta of 0.49. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 earnings per share. As a group, sell-side analysts expect that Chevron Corporation will post 15.96 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $1.78 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.6%. Chevron’s dividend payout ratio is currently 68.26%.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 5,547 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $187.00, for a total value of $1,037,289.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $4,919,596. This trade represents a 17.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Hess sold 710,665 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,196,212 shares of company stock valued at $231,819,366. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Indivisible Partners purchased a new stake in shares of Chevron during the 4th quarter valued at about $1,923,000. Janney Montgomery Scott LLC lifted its position in Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after buying an additional 79,439 shares during the last quarter. Galaxy Digital Inc. purchased a new position in shares of Chevron during the 1st quarter worth about $2,028,000. Nations Financial Group Inc. IA ADV boosted its position in shares of Chevron by 35.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 42,882 shares of the oil and gas company’s stock valued at $6,536,000 after buying an additional 11,120 shares during the period. Finally, Osprey Private Wealth LLC boosted its holdings in Chevron by 556.4% during the 4th quarter. Osprey Private Wealth LLC now owns 9,190 shares of the oil and gas company’s stock valued at $1,401,000 after acquiring an additional 7,790 shares during the period. 72.42% of the stock is currently owned by hedge funds and other 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.