Chevron (NYSE:CVX) Trading 1.3% Higher – Should You Buy?

Chevron Corporation (NYSE:CVX) shares shot up 1.3% during mid-day trading on Friday . The stock traded as high as $176.42 and last traded at $176.2920. 5,961,238 shares traded hands during trading, a decline of 48% from the average daily volume of 11,565,145 shares. The stock had previously closed at $174.05.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron signed a five-year gas supply agreement with Australia’s Alinta Energy, extending a long-running partnership and reinforcing demand for its Western Australia gas portfolio. Reuters: Chevron Australia signs five-year gas supply agreement with Alinta Energy
• Positive Sentiment: Chevron’s Microsoft power deal is being highlighted as a long-term growth driver, with the contract tied to rising AI/data center electricity demand and potentially adding a new cash-flow stream beyond oil. Yahoo Finance: Can Chevron’s Microsoft Partnership Power the Next Leg of Growth?
• Positive Sentiment: Chevron is licensing enhanced oil recovery and surfactant technology to ZL Chemicals, which could improve shale production and extend well life, supporting output and efficiency. Zacks: Chevron’s New Technology Licensing Deal to Boost Shale Oil Recovery
• Positive Sentiment: New Russia sanctions talk could tighten global energy flows by targeting countries that buy Russian oil and gas, which may support crude and natural gas pricing conditions for major producers like Chevron. Quiver Quant: Bipartisan Senators Reach Agreement With Trump Administration to Advance New Russia Sanctions Bill
• Positive Sentiment: UBS keeping a buy rating on Chevron adds to the bullish tone around the stock. The Globe and Mail: UBS Keeps Their Buy Rating on Chevron (CVX)
• Neutral Sentiment: Recent commentary also points to Chevron’s exposure to AI-related power demand and energy security themes, but these are still more long-term narrative drivers than near-term earnings catalysts. Zacks: Can Chevron’s Microsoft Partnership Power the Next Leg of Growth?
• Negative Sentiment: Any sanctions-related retaliation or disruption to global oil and gas trade could increase market volatility and uncertainty around future demand and pricing. Quiver Quant: Bipartisan Senators Reach Agreement With Trump Administration to Advance New Russia Sanctions Bill

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CVX. Scotiabank lifted their target price on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 price target on shares of Chevron in a research note on Tuesday, May 5th. HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a report on Friday, March 20th. Sanford C. Bernstein dropped their price objective on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Nineteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $206.83.

Chevron Trading Up 1.3%

The stock has a 50-day moving average of $182.23 and a 200 day moving average of $181.32. The stock has a market cap of $351.10 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. During the same period last year, the firm posted $2.18 EPS. Chevron’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chevron Corporation will post 15.28 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is 123.40%.

Insider Transactions at Chevron

In related news, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the transaction, the director directly owned 278,045 shares in the company, valued at $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chevron

Institutional investors have recently modified their holdings of the stock. Midwest Capital Advisors LLC acquired a new position in Chevron in the first quarter valued at approximately $25,000. Main Street Group LTD purchased a new stake in Chevron in the 1st quarter worth approximately $28,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron during the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new stake in shares of Chevron during the 4th quarter worth approximately $26,000. Finally, Karpus Management Inc. purchased a new position in shares of Chevron during the 4th 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.