Chevron Corporation (NYSE:CVX – Get Free Report) shares were up 1.3% during mid-day trading on Tuesday . The company traded as high as $204.62 and last traded at $201.3720. Approximately 11,303,116 shares were traded during trading, a decline of 14% from the average daily volume of 13,141,846 shares. The stock had previously closed at $198.86.
Key Headlines Impacting Chevron
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Geopolitical supply risk — reports of U.S. strikes on Iran’s Kharg Island pushed Brent and WTI sharply higher, which benefits major integrated oil producers like Chevron by boosting upstream revenue and margins. US Strikes Iran’s Kharg Island as Hormuz Deadline Nears; Oil Surges Above $110
- Positive Sentiment: Options and momentum — oil futures near multi-month highs have lifted CVX stock and option premiums, creating trading and income opportunities (covered calls / cash‑secured puts) and reflecting investor confidence in near-term cash flow. Oil Futures Keep Rising, and Shorting Chevron Covered Calls and Cash-Secured Puts Works
- Positive Sentiment: Operations update — Chevron resumed Leviathan gas production offshore Israel, restoring export volumes and near-term revenue from a major natural gas asset. Operational restarts reduce downside risk to upstream cash flow. Chevron resumes Leviathan gas production offshore Israel
- Positive Sentiment: Analyst / ranking support — Zacks added CVX to momentum, strong‑buy and income lists and published a long‑term endorsement, which can attract inflows from model-driven and retail investors. Why Chevron (CVX) is a Top Stock for the Long-Term
- Neutral Sentiment: Sector tailwinds vs. valuation — MarketBeat flags strong sector earnings momentum and institutional accumulation (XLE exposure), which helps CVX, but also notes mixed revenue/margin outlooks that bear watching. XLE ETF Hits Peak: What Comes Next May Surprise You
- Neutral Sentiment: Valuation check — recent coverage reviews CVX’s long‑term returns versus shorter‑term cooling and notes potential margin pressure; useful context for investors sizing positions rather than a near‑term catalyst. A Look At Chevron (CVX) Valuation As Long Term Returns Contrast With Recent Share Price Cooling
- Negative Sentiment: Technical caution — some technical analysts warn XLE formed a short‑term “Dark Cloud Cover” pattern, implying the sector (and CVX) may see a pause or pullback despite fundamental tailwinds. Short‑term traders should watch momentum and oil price stability. XLE ETF Hits Peak: What Comes Next May Surprise You
Analysts Set New Price Targets
A number of equities analysts recently issued reports on CVX shares. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a report on Tuesday, January 20th. UBS Group restated a “buy” rating and set a $212.00 price objective on shares of Chevron in a report on Monday, February 2nd. Freedom Capital cut Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. HSBC upgraded Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a report on Friday, March 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 target price on shares of Chevron in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average price target of $187.64.
Chevron Stock Up 1.3%
The firm has a market capitalization of $401.82 billion, a PE ratio of 30.24, a PEG ratio of 1.66 and a beta of 0.60. The company has a fifty day simple moving average of $189.78 and a two-hundred day simple moving average of $167.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.
Chevron (NYSE:CVX – Get Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period in the prior year, the business earned $2.06 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.
Chevron Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is presently 106.91%.
Insider Transactions at Chevron
In other news, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the completion of the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the transaction, the insider directly owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 782,607 shares of company stock worth $146,510,571. Company insiders own 0.21% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. United Bank increased its position in Chevron by 7.7% during the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock valued at $1,586,000 after buying an additional 796 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after buying an additional 4,214 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Chevron by 1.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 24,271 shares of the oil and gas company’s stock valued at $3,475,000 after buying an additional 455 shares in the last quarter. Bank of Nova Scotia increased its position in Chevron by 33.2% during the 2nd quarter. Bank of Nova Scotia now owns 271,443 shares of the oil and gas company’s stock valued at $38,868,000 after buying an additional 67,641 shares in the last quarter. Finally, Natixis increased its position in Chevron by 1,141.8% during the 2nd quarter. Natixis now owns 1,073,679 shares of the oil and gas company’s stock valued at $153,740,000 after buying an additional 987,215 shares in the last quarter. 72.42% of the stock is owned by institutional investors.
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.
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