Chevron (NYSE:CVX) Stock Jumps 1.4% – Should You Buy?

Shares of Chevron Corporation (NYSE:CVX) were up 1.4% during trading on Thursday. The company traded as high as $207.41 and last traded at $207.0820. Approximately 5,991,165 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 10,603,459 shares. The stock had previously closed at $204.21.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings expectations. Brent crude has moved back above $100 as Middle East tensions raise concerns about disrupted supplies, while China’s fuel-export restrictions add further support. Higher upstream realizations could benefit Chevron ahead of its third-quarter results. Brent Oil Is Back Above $100
• Positive Sentiment: LNG is positioned as a longer-term growth driver. Chevron is connecting LNG exports, domestic natural-gas sales and new supply sources across regions, potentially improving the company’s gas-market reach and earnings diversification. Can Chevron’s Growing LNG Network Power Its Next Growth Phase?
• Positive Sentiment: Dividend and earnings optimism is attracting investors. Commentary points to a possible quarterly dividend increase in January, while Chevron’s history of earnings surprises and favorable analyst price targets support expectations for another quarterly beat. Chevron Stock May Attract Value Investors
• Positive Sentiment: Chevron is expanding its exploration portfolio. A Chevron affiliate agreed to acquire a 10% participating interest in Namibia’s offshore PEL 90 license for $11 million plus contingent payments tied to appraisal and production milestones. Namibia PEL 90 Stake Sale
• Neutral Sentiment: Investors are focused on the October 30 earnings call. The results will provide updates on refining margins, LNG, Venezuela-related opportunities, production and the impact of higher crude prices. Chevron 3Q 2026 Earnings Conference Call
• Negative Sentiment: Valuation and crude-price risks may limit upside. With CVX near its annual high, some investors may take profits, particularly because geopolitical oil spikes can reverse quickly and weaker crude prices would pressure cash flow, earnings and dividend coverage.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Bank of America raised their target price on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company lifted their price target on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Piper Sandler increased their price objective on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Sanford C. Bernstein raised their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Twenty-one analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.87.

Chevron Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market cap of $408.36 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 0.59 and a beta of 0.53. The company’s fifty day simple moving average is $202.83 and its two-hundred day simple moving average is $192.74.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. On average, analysts forecast that Chevron Corporation will post 16.98 earnings per share for the current year.

Chevron Dividend Announcement

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

Insider Transactions at Chevron

In related news, CEO Michael Wirth sold 317,100 shares of the business’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 transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew Walz sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Chevron

Institutional investors have recently made changes to their positions in the business. Blue Capital Inc. acquired a new position in Chevron in the second quarter valued at approximately $786,000. OneAscent Wealth Management LLC purchased a new position in Chevron during the 2nd quarter valued at about $973,000. Global Retirement Partners LLC acquired a new position in shares of Chevron in the second quarter valued at approximately $14,276,000. Janney Montgomery Scott LLC grew its stake in shares of Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after acquiring an additional 79,439 shares in the last quarter. Finally, Galaxy Digital Inc. purchased a new stake in Chevron during the 1st quarter worth about $2,028,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.