Chevron (NYSE:CVX) Shares Up 1.4% – Here’s What Happened

Chevron Corporation (NYSE:CVX)’s stock price rose 1.4% on Monday . The company traded as high as $150.49 and last traded at $149.8510. Approximately 7,992,566 shares were traded during trading, a decline of 10% from the average daily volume of 8,879,408 shares. The stock had previously closed at $147.75.

Key Stores Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s long dividend streak and yield continue to attract income-focused investors; commentary suggests a December/January dividend increase is likely after 38 consecutive years of raises, supporting demand for the stock. Chevron Could Raise Its Dividend
• Positive Sentiment: Analysts highlight Chevron’s low-cost Permian operations as a source of resilience and steady cash flow even if oil prices soften, a fundamental reason investors favor CVX for stability. Permian Operations to Drive Resilience
• Neutral Sentiment: CVX remains one of the most-watched names on retail/analyst platforms, which can amplify intraday moves as flows and option activity pick up. Is Most-Watched Stock Chevron Worth Betting On?
• Neutral Sentiment: Some investors and commentators prefer alternatives (e.g., ConocoPhillips) for higher growth potential, which may limit upside for CVX even as it remains a reliable income name. 1 Stock I’d Buy Before Chevron
• Neutral Sentiment: Chevron’s inclusion (or visibility) in high-profile investor roundups continues to support retail interest, though such mentions are mixed in directional impact. Warren Buffett Departs With 64% of Berkshire
• Negative Sentiment: Chevron’s continued operations in Venezuela — exporting crude under U.S. licenses despite political pressure — raise regulatory and geopolitical risk; any escalation could hit sentiment and create headline-driven volatility. Chevron Keeps Venezuelan Oil Flowing

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVX. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler reduced their price objective on Chevron from $171.00 to $169.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Bank of America decreased their price objective on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Wells Fargo & Company boosted their target price on Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Zacks Research cut Chevron from a “hold” rating to a “strong sell” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus target price of $166.00.

Chevron Price Performance

The company has a market cap of $301.73 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 8.78 and a beta of 0.68. The company has a 50-day simple moving average of $152.31 and a 200-day simple moving average of $152.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The firm had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.48 earnings per share. As a group, research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.6%. Chevron’s dividend payout ratio (DPR) is 96.20%.

Insider Activity

In other news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the sale, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. The trade was a 19.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Chevron

Large investors have recently added to or reduced their stakes in the business. Algert Global LLC lifted its stake in Chevron by 22.7% in the 1st quarter. Algert Global LLC now owns 3,692 shares of the oil and gas company’s stock valued at $618,000 after buying an additional 682 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Chevron in the first quarter valued at $1,011,000. Candriam S.C.A. boosted its stake in shares of Chevron by 16.3% during the first quarter. Candriam S.C.A. now owns 3,525 shares of the oil and gas company’s stock valued at $590,000 after acquiring an additional 493 shares during the last quarter. Jump Financial LLC increased its position in Chevron by 987.5% during the 1st quarter. Jump Financial LLC now owns 41,990 shares of the oil and gas company’s stock worth $7,025,000 after purchasing an additional 38,129 shares in the last quarter. Finally, AIMZ Investment Advisors LLC increased its position in Chevron by 4.2% during the 1st quarter. AIMZ Investment Advisors LLC now owns 1,783 shares of the oil and gas company’s stock worth $298,000 after purchasing an additional 72 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

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.