Chevron (NYSE:CVX) Hits New 52-Week High – Still a Buy?

Chevron Corporation (NYSE:CVX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $187.90 and last traded at $186.6450, with a volume of 2345544 shares traded. The stock had previously closed at $183.87.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron‑led consortium won multiple offshore Greek exploration blocks (Chevron is operator, ~70% interest), expanding its Mediterranean footprint and adding long‑term upstream optionality that supports future reserves and production upside. Chevron-led consortium signs gas exploration deal in Greece
• Positive Sentiment: Melius Research upgraded CVX to a “buy” and raised its price target (to $205), a vote of confidence from an analyst that can support demand from income/value investors. Chevron (NYSE:CVX) Stock Rating Upgraded by Melius Research
• Positive Sentiment: Sector strength: energy stocks are outperforming the broader market in 2026, and several write‑ups argue Chevron remains attractively valued after recent multi‑year share gains — reinforcing investor rotation into cash‑generating oil majors. Why energy stocks are crushing the S&P 500 in 2026
• Neutral Sentiment: Analyst and media coverage is elevated (Zacks, 247WallSt, The Motley Fool pieces comparing Chevron to peers), which can boost trading volume and volatility even if it doesn’t change fundamentals. Zacks: CVX trending stock
• Neutral Sentiment: Coverage highlighting Chevron as one of the top Dow performers YTD and comparisons to Exxon help frame investor allocation decisions between integrated oil majors. Caterpillar, Honeywell, and Chevron lead the Dow Jones in 2026
• Negative Sentiment: Geopolitical/legal risk: Turkey publicly opposed the Greece‑Chevron activities off Crete, calling them unlawful — a headline that could create short‑term political/regulatory uncertainty around the Greek projects. Turkey says Greece-Chevron activity off Crete unlawful
• Negative Sentiment: Insider selling: multiple filings show recent sales by executives (including a large sale by the CTO) and disclosures have coincided with short‑term selling pressure and headlines about insider exits. That can weigh on sentiment even if sales are for diversification or tax reasons. Chevron (NYSE:CVX) Stock Price Down 1.8% After Insider Selling

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CVX. Barclays boosted their price objective on shares of Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. HSBC lowered Chevron from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Monday, February 2nd. Citigroup decreased their target price on Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Finally, Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Chevron has an average rating of “Hold” and an average price target of $176.36.

Chevron Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $164.50 and a 200-day moving average of $158.06. The firm has a market capitalization of $376.11 billion, a P/E ratio of 28.07, a P/E/G ratio of 11.95 and a beta of 0.70.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter in the previous year, the business posted $2.06 earnings per share. Chevron’s quarterly revenue was down 10.2% on a year-over-year basis. On average, sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

Insiders Place Their Bets

In other news, insider R. Hewitt Pate sold 41,134 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $176.40, for a total transaction of $7,256,037.60. Following the completion of the sale, the insider directly owned 4,169 shares in the company, valued at approximately $735,411.60. This represents a 90.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Benjamin Walz sold 666 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $183.40, for a total value of $122,144.40. Following the sale, the insider directly owned 1,463 shares in the company, valued at approximately $268,314.20. This trade represents a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 531,027 shares of company stock valued at $88,833,430 in the last quarter. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Chevron

Several institutional investors and hedge funds have recently bought and sold shares of CVX. Core Wealth Advisors LLC bought a new stake in Chevron during the fourth quarter worth $26,000. Karpus Management Inc. bought a new stake in shares of Chevron during the 4th quarter worth $27,000. Basso Capital Management L.P. bought a new stake in shares of Chevron during the 4th quarter worth $27,000. Quattro Advisors LLC acquired a new stake in Chevron in the fourth quarter valued at about $27,000. Finally, Quaker Wealth Management LLC grew its position in Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Company Profile

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.