Chevron (NYSE:CVX) Stock Price Up 2.2% – Here’s Why

Chevron Corporation (NYSE:CVX) traded up 2.2% during mid-day trading on Monday . The stock traded as high as $208.42 and last traded at $206.25. 10,542,211 shares were traded during mid-day trading, a decline of 2% from the average session volume of 10,727,116 shares. The stock had previously closed at $201.86.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings: Chevron rallied alongside Exxon Mobil and other energy companies as the U.S.-Iran conflict raised concerns about supply disruptions and lifted crude prices. Higher realized prices generally benefit Chevron’s production and cash flow. Oil Jumps on U.S.-Iran Attacks; Chevron Rises Amid Venezuela Deal
• Positive Sentiment: Potential Venezuela expansion: Chevron is reportedly nearing agreements with Halliburton to invest in Venezuelan oil fields, including heavy-oil assets. A proposed long-term arrangement could materially expand production and make Chevron the only major U.S. oil company with an active operating presence in the country. Chevron Nears Venezuela Oil Field Deals That Could Expand Its Footprint
• Positive Sentiment: Improved analyst outlook: Erste Group reportedly raised its fiscal 2026 earnings-per-share forecast, adding to investor optimism as Chevron trades near its yearly high. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Portfolio changes: Angola’s Etu Energias agreed to acquire Chevron interests in offshore Blocks 14 and 14K. The transaction may streamline Chevron’s portfolio, although it also reduces its working interests in those assets. Etu Energias to Acquire Chevron Stakes in Offshore Angola
• Negative Sentiment: Venezuela execution risks remain: Analysts and a former Chevron executive cautioned that political, operational, infrastructure and investment challenges could limit the benefits of any Venezuela agreement, despite the country’s large reserves. Venezuela’s Oil Opportunity Comes With a Major Catch

Analyst Ratings Changes

Several research firms recently commented on CVX. Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Bank of America upped their target price on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $216.00 target price on shares of Chevron in a report on Friday, July 10th. Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $216.00 price objective on shares of Chevron in a research report on Wednesday, May 6th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.48.

Chevron Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average price is $187.44 and its two-hundred day moving average price is $188.90. The firm has a market capitalization of $407.50 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49.

Chevron (NYSE:CVX) last posted its quarterly earnings data 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 company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 earnings per share. Equities research analysts expect that Chevron Corporation will post 16.24 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a $1.78 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.5%. Chevron’s payout ratio is 68.26%.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 16,800 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company’s stock.

Institutional Trading of Chevron

Several large investors have recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC acquired a new position in Chevron during the first quarter worth $25,000. Core Wealth Advisors LLC acquired a new stake in Chevron during the 4th quarter valued at $26,000. Phillip James Consulting Co. bought a new position in Chevron in the 4th quarter worth approximately $26,000. Basso Capital Management L.P. acquired a new position in shares of Chevron during the fourth quarter valued at $27,000. Finally, Karpus Management Inc. acquired a new stake in shares of Chevron during the 4th quarter worth approximately $27,000. 72.42% of the stock is currently 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.