Chevron (NYSE:CVX) Shares Up 1.1% – What’s Next?

Chevron Corporation (NYSE:CVX) shares were up 1.1% during mid-day trading on Friday . The stock traded as high as $202.24 and last traded at $202.04. 5,245,144 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 10,728,297 shares. The stock had previously closed at $199.77.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is reportedly in talks to invest billions of dollars in Venezuelan oil fields and add two heavy-oil fields to its existing portfolio. The company already accounts for roughly one-quarter of Venezuela’s oil production, giving it an established operating position that could help it benefit from increased access to the country’s vast reserves. Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Positive Sentiment: Reports of the potential Venezuela deals have already supported CVX shares, reinforcing expectations that Chevron could gain access to incremental production and long-term reserves if the agreements are completed. Halliburton is also reportedly negotiating a related investment, adding credibility to the broader reopening opportunity. Chevron stock rises on report of Venezuela oil deal talks
• Positive Sentiment: A reported new oil find in Angola has further improved the company’s exploration narrative and helped push shares toward their recent high, although the ultimate production and financial benefits will depend on development timelines. Chevron stock nears a record high after new Angola oil find
• Neutral Sentiment: Chevron’s investments in nuclear-fusion technology could eventually diversify its revenue base and provide exposure to low-carbon power, but the projects remain early-stage and have uncertain commercial timelines. What Does Chevron Want From Its Nuclear Fusion Push?
• Negative Sentiment: Investors should also weigh the risks surrounding Venezuela, including sanctions, political instability, regulatory approval and the cost of developing heavy-oil assets. Chevron’s dividend remains an attraction, but its cash flow is exposed to commodity-price swings, which could make the payout more vulnerable during a prolonged oil downturn. Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CVX shares. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 price objective on shares of Chevron in a report on Tuesday, May 5th. Mizuho set a $224.00 price target on shares of Chevron in a report on Monday, August 3rd. Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research report on Thursday, July 2nd. Dbs Bank upgraded Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Finally, TD Cowen upped their target price on shares of Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $207.48.

Chevron Stock Performance

The stock has a market cap of $399.18 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 0.60 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 has a fifty day simple moving average of $186.87 and a 200-day simple moving average of $188.76.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. Analysts forecast that Chevron Corporation will post 16.17 EPS for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Insider Buying and Selling

In other Chevron news, insider Andrew Benjamin Walz sold 16,800 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R. Hewitt Pate sold 2,470 shares of Chevron stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the sale, the insider owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last three months. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CVX. Midwest Capital Advisors LLC purchased a new position in shares of Chevron in the 1st quarter worth approximately $25,000. Main Street Group LTD purchased a new position in shares of Chevron during the first quarter worth about $28,000. Phillip James Consulting Co. acquired a new position in shares of Chevron during the 4th quarter worth approximately $26,000. Kilter Group LLC purchased a new position in shares of Chevron in the 2nd quarter worth about $28,000. Finally, Core Wealth Advisors LLC bought a new position in shares of Chevron during the fourth quarter worth about $26,000. 72.42% of the stock is owned by institutional investors.

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.