Chevron (NYSE:CVX) Shares Up 2% – Time to Buy?

Chevron Corporation (NYSE:CVX)’s share price rose 2% during mid-day trading on Wednesday. The company traded as high as $222.55 and last traded at $222.0460. 9,463,304 shares traded hands during trading, a decline of 9% from the average daily volume of 10,448,533 shares. The stock had previously closed at $217.73.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst support: Chevron shares benefited from an analyst upgrade, while Erste Group raised its fiscal 2026 and 2027 EPS estimates to $16.90 and $13.78, respectively. The revisions reinforce expectations for solid earnings. Chevron Stock Jumps After Analyst Upgrade
• Positive Sentiment: Gulf production recovery: Chevron is restoring offshore operations after Hurricane Isaias, with facilities reportedly avoiding significant damage. A quick restart limits disruption and supports near-term production and cash flow. Chevron and Shell Lead U.S. Gulf Oil Production Recovery
• Positive Sentiment: Venezuela and international growth: Chevron is among the companies investing to revive Venezuela’s oil industry, potentially adding long-term production and helping replace supply disrupted around the Strait of Hormuz. Its expertise also contributed to first commercial gas production from Australia’s Beetaloo Basin, expanding future LNG opportunities. Venezuela’s Oil Revival
• Positive Sentiment: Income appeal: Commentary continues to highlight Chevron’s integrated operations, which can help stabilize cash generation when crude prices weaken. The company was also included in Zacks’ highest-rated income-stock list, supporting its appeal to dividend investors. Oil Giants and Dividends
• Neutral Sentiment: AI investment discipline: Chevron’s finance leadership says artificial-intelligence projects must compete for capital alongside core energy investments. This suggests disciplined spending, but the article does not identify a material near-term earnings impact. How Chevron’s CFO Evaluates AI Investments
• Negative Sentiment: Valuation concerns: One analysis argues Chevron remains overvalued after its rally, while another notes that the recent advance has not erased a decade of underperformance versus the broader market. These points could limit further upside. Is Chevron Overvalued?
• Negative Sentiment: Hurricane and policy risks: Gulf Coast storms can benefit some refining assets while hurting others, depending on location and diversification. Separately, Chevron’s CEO warned that restrictions on diesel and fuel exports could backfire, highlighting regulatory and market risks. How a Hurricane Could Help or Hurt Refineries

Wall Street Analysts Forecast Growth

A number of analysts have commented on CVX shares. BMO Capital Markets upped their price objective on shares of Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Argus increased their target price on Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Mizuho set a $234.00 target price on Chevron in a research report on Monday. Royal Bank Of Canada raised their target price on Chevron from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Finally, Sanford C. Bernstein lifted their price target on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average target price of $213.08.

Chevron Trading Up 2.0%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The stock has a market cap of $438.71 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. The company’s 50 day simple moving average is $205.49 and its two-hundred day simple moving average is $193.13.

Chevron (NYSE:CVX) last issued its 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. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same quarter last year, the business posted $1.77 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. Research analysts expect that Chevron Corporation will post 17.43 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insider Transactions at Chevron

In other Chevron news, insider R. Pate sold 2,470 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider directly owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This represents a 18.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the transaction, the insider owned 14 shares in the company, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last ninety days. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

A number of institutional investors have recently modified their holdings of CVX. Midwest Capital Advisors LLC acquired a new position in Chevron during the 1st quarter valued at $25,000. Phillip James Consulting Co. bought a new position in shares of Chevron during the 4th quarter worth about $26,000. Basso Capital Management L.P. bought a new position in shares of Chevron during the 4th quarter worth about $27,000. Main Street Group LTD acquired a new position in shares of Chevron during the first quarter valued at about $28,000. Finally, Kilter Group LLC acquired a new position in shares of Chevron during the second quarter valued at about $28,000. Institutional investors 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.