Chevron (NYSE:CVX) Trading 1.4% Higher – Time to Buy?

Shares of Chevron Corporation (NYSE:CVX) rose 1.4% on Wednesday . The stock traded as high as $207.00 and last traded at $205.2120. 8,246,497 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 10,717,504 shares. The stock had previously closed at $202.41.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Elevated oil prices may support earnings and cash flow. CFO Eimear Bonner said Chevron sees limited relief from high oil prices in the near term, a potentially favorable backdrop for the company’s upstream business. Chevron CFO sees little relief anytime soon from elevated oil prices
• Positive Sentiment: Chevron plans to increase exploration and drilling activity. Reports indicate the company intends to raise exploration spending by roughly 50% next year and drill more wells. The move could improve future production and reserves, although returns will depend on oil prices and project execution. Chevron plans a 50 percent exploration spending increase
• Positive Sentiment: New Greek exploration opportunities add long-term upside. Greece’s energy ministry said Chevron will begin seismic research in offshore blocks by year-end, providing additional resource potential and geographic diversification. Greece says Chevron to start seismic research by year-end
• Positive Sentiment: Analyst earnings expectations edged higher. Erste Group raised its FY2026 and FY2027 EPS estimates modestly, while industry commentary points to solid oil prices, Chevron’s integrated model and midstream operations as supportive factors. Integrated energy stocks industry tailwinds
• Neutral Sentiment: Bonner’s discussions about managing volatility, capital allocation and sustainability reinforce Chevron’s disciplined planning message but did not announce a major new financial measure. How Chevron’s CFO leads through global tumult
• Negative Sentiment: A proposed U.S. bill would temporarily ban diesel exports when domestic prices remain above $5 per gallon. If enacted, it could pressure refining margins and alter Chevron’s fuel-distribution and export economics, though the measure is preliminary and has limited sponsorship. Diesel Price Reduction Act of 2026

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Zacks Research lowered Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Piper Sandler upped their price objective on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $216.00 target price on shares of Chevron in a report on Friday, July 10th. Sanford C. Bernstein raised their target price on shares of Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Twenty investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $211.35.

Chevron Stock Up 1.4%

The company’s fifty day simple moving average is $200.25 and its 200-day simple moving average is $191.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The firm has a market capitalization of $405.45 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50.

Chevron (NYSE:CVX) last announced its earnings results 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 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the previous year, the business earned $1.77 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, analysts forecast that Chevron Corporation will post 16.52 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 100,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,152,582 shares of company stock valued at $225,853,661 over the last 90 days. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Chevron

Large investors have recently added to or reduced their stakes in the company. Blue Capital Inc. acquired a new stake in shares of Chevron during the 2nd quarter worth approximately $786,000. OneAscent Wealth Management LLC purchased a new position in shares of Chevron in the second quarter valued at approximately $973,000. Global Retirement Partners LLC acquired a new stake in Chevron during the 2nd quarter worth $14,276,000. Janney Montgomery Scott LLC grew its stake in Chevron by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after acquiring an additional 79,439 shares in the last quarter. Finally, Galaxy Digital Inc. acquired a new stake in shares of Chevron in the first quarter valued at approximately $2,028,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Company Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.