Chevron (NYSE:CVX) Sets New 1-Year High – Here’s What Happened

Chevron Corporation (NYSE:CVX)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $169.64 and last traded at $169.7950, with a volume of 44215 shares traded. The stock had previously closed at $169.05.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: BMO Capital maintained a Buy rating and a $170 price target, citing improved Permian well data and clearer long-term production visibility — supportive of the near-term growth narrative. Read More.
• Positive Sentiment: Large asset managers such as BlackRock and Vanguard have been increasing positions in Chevron, signaling institutional confidence and potential steady buying demand. Read More.
• Positive Sentiment: Chevron appointed Thomas W. Horton to the board and the audit committee — adds governance depth and financial oversight experience, which investors typically view favorably. Read More.
• Positive Sentiment: Chevron-led JV reported a “significant” oil discovery offshore Nigeria, supporting future reserve and production upside. Read More.
• Positive Sentiment: Signed an MoU with Libya’s NOC to resume exploration activity after a long absence — expands the company’s international upstream opportunities. Read More.
• Positive Sentiment: High-profile endorsements (e.g., Jim Cramer) continue to highlight Chevron’s cash generation and buyback/dividend profile, supporting sentiment among income-focused investors. Read More.
• Neutral Sentiment: Wall Street coverage remains cautiously bullish overall — analysts like the long-term outlook even though CVX has lagged the S&P over the past year. This suggests steady analyst support but limited near-term upside surprise. Read More.
• Neutral Sentiment: Market is focused on upcoming Q4 earnings (reporting Jan. 30). Expect volatility around results; consensus and guidance will be the next major catalyst. Read More.
• Negative Sentiment: Chevron is pushing Iraq for improved commercial terms before taking over Lukoil’s West Qurna-2 field — negotiations could delay the transaction or limit economics, creating near-term uncertainty and execution risk. Read More.
• Negative Sentiment: Chevron has been increasing Venezuelan shipments amid tighter U.S. controls — while volumes help revenue, the move raises regulatory and political risk that investors may penalize. Read More.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CVX. Hsbc Global Res upgraded Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Raymond James Financial reiterated an “outperform” rating and set a $160.00 target price (down previously from $170.00) on shares of Chevron in a report on Friday, October 17th. Citigroup cut their price target on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Bank of America reduced their price target on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, Scotiabank reissued a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.00.

Chevron Stock Up 0.3%

The firm’s 50 day moving average price is $155.08 and its two-hundred day moving average price is $155.03. The firm has a market capitalization of $341.55 billion, a PE ratio of 23.86, a P/E/G ratio of 11.83 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The firm had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.48 EPS. As a group, research analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. Chevron’s dividend payout ratio is currently 96.20%.

Insiders Place Their Bets

In related news, insider Alana K. Knowles sold 3,200 shares of Chevron stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $168.00, for a total value of $537,600.00. Following the completion of the sale, the insider owned 1,207 shares in the company, valued at approximately $202,776. The trade was a 72.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares in the company, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 635,190 shares of company stock valued at $100,254,408 over the last 90 days. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chevron

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quaker Wealth Management LLC lifted its holdings in Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after buying an additional 439 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Chevron during the third quarter worth $34,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the period. Marquette Asset Management LLC bought a new stake in Chevron during the third quarter valued at $41,000. Finally, IMG Wealth Management Inc. raised its holdings in shares of Chevron by 52.3% during the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 91 shares during the period. 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.