Chevron (NYSE:CVX) Stock Jumps 1.4% – What’s Next?

Chevron Corporation (NYSE:CVX)’s share price traded up 1.4% during trading on Thursday. The stock traded as high as $207.41 and last traded at $207.0820. 5,991,165 shares changed hands during trading, a decline of 43% from the average session volume of 10,603,459 shares. The stock had previously closed at $204.21.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is expected to maintain its strong earnings record in the upcoming quarterly report. Analysts cite the company’s history of surpassing estimates and a favorable combination of earnings estimate revisions and the Zacks Earnings ESP, raising expectations for another beat. Will Chevron Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Chevron affiliate Harmattan Energy agreed to acquire Trago Energy’s 10% participating interest in Namibia’s offshore Petroleum Exploration License 90. The deal includes $11 million in cash plus contingent payments tied to appraisal, production and commercial-development milestones, giving Chevron additional exploration exposure with limited upfront cost. PEL 90 Participating Interest Exchange with Chevron
• Positive Sentiment: Investors are also highlighting longer-term growth drivers, including progress from the Hess acquisition, potential energy and crude-supply opportunities in Vietnam, and Chevron’s use of robotics, drones and remote tools to improve safety, inspections and operating efficiency. Chevron and ExxonMobil Ink Potential Crude Supply Deals With Vietnam
• Neutral Sentiment: Chevron scheduled its third-quarter 2026 earnings conference call for October 30. The announcement provides a clear near-term catalyst, but the eventual stock reaction will depend on results, production levels, capital spending and management’s outlook. Chevron Third-Quarter 2026 Earnings Conference Call
• Negative Sentiment: Potential headwinds include easing crude prices and the stock’s proximity to its 52-week high, which may limit further upside if earnings or oil-market conditions disappoint. Analyst “Buy” ratings are supportive, but the articles also caution that brokerage recommendations can be overly optimistic.

Wall Street Analysts Forecast Growth

CVX has been the subject of several research reports. The Goldman Sachs Group decreased their price target on shares of Chevron from $240.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Weiss Ratings raised shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Morgan Stanley lifted their target price on shares of Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. boosted their price target on Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Argus upped their price target on Chevron from $206.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Twenty-one analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.87.

Chevron Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $409.15 billion, a PE ratio of 19.85, a PEG ratio of 0.59 and a beta of 0.50. The firm’s fifty day simple moving average is $202.33 and its 200-day simple moving average is $192.57.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 earnings per share. On average, research analysts forecast that Chevron Corporation will post 16.66 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Insiders Place Their Bets

In other news, CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Hess sold 100,000 shares of the 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 sale, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. First PREMIER Bank boosted its holdings in shares of Chevron by 0.8% in the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock valued at $1,070,000 after acquiring an additional 50 shares in the last quarter. Vanguard Capital Wealth Advisors raised its holdings in Chevron by 1.8% during the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 50 shares in the last quarter. Cornerstone Advisory LLC lifted its position in Chevron by 0.9% in the first quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company’s stock valued at $1,164,000 after purchasing an additional 52 shares during the period. Compton Financial Group LLC lifted its position in Chevron by 1.9% in the first quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company’s stock valued at $609,000 after purchasing an additional 56 shares during the period. Finally, Quantum Portfolio Management LLC boosted its holdings in Chevron by 2.7% in the 1st quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company’s stock valued at $435,000 after purchasing an additional 56 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.