Chevron (NYSE:CVX) Trading Up 2% – Should You Buy?

Shares of Chevron Corporation (NYSE:CVX) traded up 2% during trading on Thursday . The company traded as high as $189.97 and last traded at $189.78. 13,469,999 shares changed hands during trading, an increase of 11% from the average session volume of 12,105,186 shares. The stock had previously closed at $186.03.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil-price rally and geopolitical supply risk are boosting margins for integrated producers — higher crude and physical supply frictions (Strait of Hormuz, tanker insurance costs) favor large, diversified majors like Chevron. Oil Prices Above $75: 4 Key Players to Watch
• Positive Sentiment: Wall Street framing Chevron as geopolitical insurance has lifted investor demand and helped drive upgrades/target hikes across brokerages. Why Wall Street Is Treating Oil Major Chevron as Geopolitical Insurance
• Positive Sentiment: Recent analyst price‑target increases (including a reported raise toward ~$210) and continued institutional interest are providing conviction behind the move higher. Price Target Raised to $210
• Neutral Sentiment: Selected buy‑lists and sector roundups name Chevron as a candidate for March buying amid market volatility, but these curated picks are not a consensus catalyst. Read More.
• Negative Sentiment: Significant insider selling by senior executives (including CEO Michael Wirth and other officers) has been disclosed this week — large, concentrated sales can prompt short‑term profit‑taking and investor caution. Insider selling report
• Negative Sentiment: Operational risk: Chevron suspended Leviathan gas production amid regional security orders — that reduces near‑term volumes from that asset and highlights localized outage risk. Read More.
• Negative Sentiment: Regulatory exposure: Chevron warned California regulators that proposed carbon‑cap amendments could threaten state refinery economics — a potential longer‑term drag on downstream earnings if enacted. Read More.

Analyst Ratings Changes

CVX has been the topic of several recent research reports. Citigroup increased their target price on Chevron from $179.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. HSBC downgraded Chevron from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Piper Sandler lowered their price target on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $178.95.

Chevron Trading Up 2.0%

The stock has a market cap of $378.69 billion, a PE ratio of 28.50, a PEG ratio of 1.90 and a beta of 0.67. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $171.79 and a two-hundred day simple moving average of $160.28.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the prior year, the business earned $2.06 earnings per share. Chevron’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. Chevron’s dividend payout ratio is 106.91%.

Insider Buying and Selling

In other Chevron news, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at $764,093.66. The trade was a 88.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Benjamin Walz sold 22,200 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total value of $3,918,966.00. Following the transaction, the insider owned 666 shares in the company, valued at $117,568.98. This trade represents a 97.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,052,197 shares of company stock valued at $187,128,404 in the last three months. 0.21% of the stock is owned by corporate insiders.

Institutional Trading of Chevron

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Core Wealth Advisors LLC purchased a new position in Chevron in the 4th quarter worth $26,000. Phillip James Consulting Co. purchased a new stake in Chevron during the 4th quarter valued at about $26,000. Basso Capital Management L.P. purchased a new position in Chevron in the 4th quarter worth approximately $27,000. Karpus Management Inc. bought a new stake in Chevron in the fourth quarter valued at approximately $27,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Chevron during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

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.