Chevron (NYSE:CVX) Shares Up 1.3% – Here’s What Happened

Shares of Chevron Corporation (NYSE:CVX) rose 1.3% on Thursday . The company traded as high as $209.21 and last traded at $207.8130. Approximately 11,000,929 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 13,073,589 shares. The stock had previously closed at $205.15.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst upgrade — Erste Group raised its FY2027 EPS view for Chevron, signaling upward revisions to earnings expectations that support the stock’s run. Analyst Upgrade Details
• Positive Sentiment: Macro tailwind — Oil prices have spiked (one outlet notes oil hitting $100), benefiting large, low‑cost producers like Chevron that have low breakeven levels and a “fortress” balance sheet. Higher crude boosts free cash flow and dividend/security appeal. Oil Hits $100 — Chevron Profile
• Positive Sentiment: High‑quality assets — Analysts highlight Chevron’s low‑cost, high‑quality asset base as a cash‑flow engine in the current tight oil market, underpinning capital returns and reinvestment capacity. Zacks: Asset Base Boost
• Positive Sentiment: Supply deal — Chevron’s crude offtake deal with Sable Offshore strengthens its West Coast feedstock amid tight markets, reducing some regional supply risk and supporting refining operations. Sable Offshore Offtake Deal
• Neutral Sentiment: Strategic reach — Coverage discusses producers “looking far afield” for oil as U.S. shale peaks, a trend that creates long‑term growth and geopolitical complexity; Chevron’s scale positions it to compete for overseas opportunities but execution and political risk matter. Barron’s: Land Grab for Oil
• Neutral Sentiment: Industry recognition & corporate housekeeping — Chevron appears on industry innovation lists and updated board bylaws after the Hess acquisition; these are governance/PR items that support execution but don’t move fundamentals immediately. Darcy Partners Innovators Bylaws Update
• Negative Sentiment: Legislative risk — A proposed “Big Oil Windfall Profits Tax” (S.4111) would impose a high excise tax on large producers (includes CVX), creating potential earnings pressure if enacted or if markets price in higher future tax risk. QuiverQuant: Windfall Profits Tax
• Negative Sentiment: Regional supply warning — Chevron has flagged a potential California fuel crisis as imports slow and refinery/supply constraints persist; local supply shocks could hurt margins and public perception. Zacks: California Fuel Risk
• Negative Sentiment: Volatility from diplomacy — Reports of U.S. diplomatic moves toward de‑escalation with Iran pushed oil lower on signs talks may be progressing; such shifts can quickly trim short‑term upside for oil producers. Bloomberg/Yahoo: Oil Drops on Diplomacy

Analysts Set New Price Targets

CVX has been the topic of a number of recent research reports. Barclays increased their target price on Chevron from $172.00 to $180.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Morgan Stanley reduced their target price on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Scotiabank restated a “sector perform” rating and set a $168.00 price target on shares of Chevron in a research report on Friday, January 16th. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, March 20th. Finally, Melius Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Tuesday, February 17th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $184.77.

Chevron Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The company has a market cap of $414.67 billion, a PE ratio of 31.20, a PEG ratio of 1.91 and a beta of 0.67. The business’s 50-day moving average is $183.79 and its 200 day moving average is $164.44.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. During the same period in the prior year, the business posted $2.06 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. On average, equities research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.4%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Insider Buying and Selling

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the transaction, the insider directly owned 8,558 shares of the company’s stock, valued at $1,614,466.70. The trade was a 87.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,099,397 shares of company stock valued at $196,196,468 in the last 90 days. 0.21% of the stock is owned by insiders.

Institutional Trading of Chevron

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Core Wealth Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter worth about $26,000. Phillip James Consulting Co. purchased a new position in Chevron during the fourth quarter valued at $26,000. Basso Capital Management L.P. purchased a new position in shares of Chevron in the 4th quarter worth about $27,000. Karpus Management Inc. bought a new position in shares of Chevron in the fourth quarter worth approximately $27,000. Finally, Quattro Advisors LLC bought a new position in Chevron in the 4th quarter valued at approximately $27,000. Hedge funds and other 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.