Chevron (NYSE:CVX) Stock Price Up 3% – Here’s What Happened

Shares of Chevron Corporation (NYSE:CVX) shot up 3% during mid-day trading on Friday. The stock traded as high as $233.74 and last traded at $233.3910. 8,127,792 shares traded hands during trading, a decline of 22% from the average session volume of 10,359,218 shares. The stock had previously closed at $226.68.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow
• Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina
• Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field
• Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth.
• Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale
• Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CVX shares. Wells Fargo & Company lifted their price target on Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Argus upped their price objective on Chevron from $206.00 to $211.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. TD Cowen raised their price objective on Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Bank of America lifted their target price on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.96.

Chevron Price Performance

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 stock has a market cap of $461.13 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 0.55 and a beta of 0.53. The stock has a 50-day moving average price of $210.61 and a two-hundred day moving average price of $194.38.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. As a group, equities research analysts forecast that Chevron Corporation will post 18.20 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, August 19th. Chevron’s payout ratio is presently 68.26%.

Insider Buying and Selling at Chevron

In related news, Director John Hess sold 710,665 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. This represents a 66.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R. Pate sold 40,700 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the transaction, the insider directly owned 8,791 shares of the company’s stock, valued at approximately $1,992,480.15. This trade represents a 82.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,195,682 shares of company stock worth $235,619,780 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Apollon Wealth Management LLC boosted its position in Chevron by 0.3% during the third quarter. Apollon Wealth Management LLC now owns 109,479 shares of the oil and gas company’s stock worth $22,357,000 after purchasing an additional 334 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Chevron by 1.6% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 83,363 shares of the oil and gas company’s stock valued at $17,024,000 after acquiring an additional 1,304 shares during the last quarter. Townsend & Associates Inc purchased a new position in Chevron in the 3rd quarter valued at $208,000. Kingswood Wealth Advisors LLC lifted its stake in shares of Chevron by 1.9% in the third quarter. Kingswood Wealth Advisors LLC now owns 33,103 shares of the oil and gas company’s stock worth $6,760,000 after buying an additional 611 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its stake in Chevron by 1.4% in the 3rd quarter. Beacon Capital Management LLC now owns 8,330 shares of the oil and gas company’s stock worth $1,701,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.