Chevron (NYSE:CVX) Trading 1.5% Higher – Still a Buy?

Chevron Corporation (NYSE:CVX)’s share price was up 1.5% on Tuesday . The stock traded as high as $206.22 and last traded at $205.77. Approximately 7,670,905 shares were traded during trading, a decline of 30% from the average session volume of 10,890,349 shares. The stock had previously closed at $202.70.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron raised its quarterly dividend to $1.78 per share, or $7.12 annually, producing an approximately 3.5% yield and extending its dividend-growth streak to 26 years. The increase supports CVX’s appeal to income-focused investors and contributes to Berkshire Hathaway’s roughly $601 million in annual Chevron dividend income. Chevron raises dividend
• Positive Sentiment: Investors purchased 62,675 Chevron call options, about 45% above average volume, signaling increased bullish positioning and potentially supporting the shares. Chevron call-option activity
• Positive Sentiment: Equinor agreed to acquire a 17.4% stake in Chevron-operated exploration licence PEL 90 offshore Namibia. Sharing exploration costs reduces Chevron’s financial exposure while it retains operatorship ahead of planned 2026 drilling. Equinor takes Namibia stake
• Positive Sentiment: A discovery offshore Angola found a hydrocarbon column exceeding 600 meters and more than 90 meters of net pay. Its proximity to existing infrastructure could enable a lower-cost tie-back and add future production potential. Chevron Angola discovery
• Positive Sentiment: Morgan Stanley raised its Chevron target to $218 and maintained an overweight view, while broader analyst coverage remains moderately bullish. Chevron’s recent $6.06 EPS also beat the $5.55 consensus estimate.
• Neutral Sentiment: Crude prices remain the key near-term variable: higher prices would improve upstream cash flow, while another retreat could pressure earnings and offset project and dividend support.
• Negative Sentiment: CEO Michael Wirth sold 317,100 shares for approximately $63.6 million, reducing his reported holdings by 92.34%. Insider sales may reflect personal financial planning, but the transaction could weigh on investor sentiment. Chevron CEO Form 4 filing
• Negative Sentiment: Another insider, Andrew Benjamin Walz, sold 16,800 shares worth about $3.4 million and retained only 14 shares, adding to the recent insider-selling overhang. Chevron insider Form 4 filing

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America increased 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. Wall Street Zen upgraded Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Piper Sandler assumed coverage on shares of Chevron in a report on Thursday, July 23rd. They set an “overweight” rating and a $207.00 target price on the stock. Morgan Stanley boosted their price target on Chevron from $210.00 to $218.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays dropped their price objective on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.48.

Chevron Stock Up 0.8%

The company has a market capitalization of $409.59 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 0.63 and a beta of 0.49. 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 firm’s 50-day moving average price is $184.27 and its 200 day moving average price is $187.75.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The company’s quarterly revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Corporation will post 15.86 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio is currently 68.26%.

Insider Buying and Selling

In other Chevron news, insider Andrew Benjamin Walz sold 16,800 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company’s stock, valued at $2,814.84. This represents a 99.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction dated Friday, August 14th. The shares were 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 of the company’s stock, valued at $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,150,112 shares of company stock worth $225,347,040 in the last 90 days. Insiders own 0.56% of the company’s stock.

Institutional Trading of Chevron

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisory LLC lifted its stake 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 buying an additional 52 shares during the period. Compton Financial Group LLC lifted its holdings in shares of 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 in the last quarter. Quantum Portfolio Management LLC boosted its holdings in Chevron by 2.7% during the 1st quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company’s stock worth $435,000 after acquiring an additional 56 shares during the last quarter. Wealthspire Retirement LLC boosted its holdings in Chevron by 0.9% during the first quarter. Wealthspire Retirement LLC now owns 6,530 shares of the oil and gas company’s stock worth $1,351,000 after purchasing an additional 56 shares during the last quarter. Finally, D.B. Root & Company LLC boosted its stake in shares of Chevron by 1.0% in the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock worth $846,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds 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.