Chevron (NYSE:CVX) Trading Down 1.6% – Here’s What Happened

Chevron Corporation (NYSE:CVX) traded down 1.6% on Tuesday . The company traded as low as $185.64 and last traded at $186.3760. 11,956,254 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 12,209,381 shares. The stock had previously closed at $189.44.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is paying a $1.78 quarterly dividend today (a 4% raise), marking 39 consecutive years of annual dividend growth — a strong income story that supports investor demand for CVX. Chevron Pays $1.78 Dividend Today
• Positive Sentiment: BofA’s recent bullish $206 target (reported Mar. 8) and the stock surge that followed have supported sentiment and helped underpin CVX in the rally into this week. BofA Upgrade / Stock Surge
• Positive Sentiment: Portfolio-strengthening deals: Chevron closed the Hess acquisition (adding Guyana assets) and has exclusive talks for Iraq’s West Qurna 2 — moves that increase long‑life production optionality and support future cash flow. Hess Deal and West Qurna 2 Talks
• Positive Sentiment: Operational contract wins: Chevron signed a five‑year gas supply deal with Horizon Power to supply 14 PJ, reinforcing near‑term revenue visibility in Australia. Horizon Power Gas Deal
• Neutral Sentiment: M&A interest in Brazil: Ultrapar has engaged BTG to explore a possible sale of an Ipiranga stake and Chevron is reported as interested — potential local growth but still speculative. Ultrapar / Ipiranga Interest
• Negative Sentiment: Headline-driven oil pullback hit CVX: comments from former President Trump predicting a quick end to the Iran conflict sent oil tumbling and prompted declines in Exxon and Chevron today — the immediate cause of the stock’s weakness. Trump Comments / Oil Pullback
• Negative Sentiment: Geopolitical production hits and operational risk: reports that Chevron may suspend production at Israel‑region Leviathan assets add downside operational risk amid an already volatile supply backdrop. Leviathan Suspension Report
• Negative Sentiment: Regulatory friction in California: Chevron’s public criticism of Governor Newsom’s proposed energy rules highlights potential state‑level regulatory and political risk that could affect refining margins / operations in a key market. Chevron Criticizes California Policy

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CVX. TD Cowen raised their price target on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Bank of America raised their price target on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Tuesday, February 17th. UBS Group reaffirmed a “buy” rating and issued a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. Finally, BMO Capital Markets restated an “outperform” rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $178.95.

Chevron Price Performance

The stock has a fifty day simple moving average of $174.15 and a two-hundred day simple moving average of $161.09. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $371.89 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67.

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

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $1.78 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.8%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is 106.91%.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 272,624 shares of Chevron stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the transaction, the chief executive officer directly owned 31,266 shares of the company’s stock, valued at $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,052,197 shares of company stock worth $187,128,404. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Chevron

Several large investors have recently bought and sold shares of CVX. PeakShares LLC acquired a new stake in shares of Chevron in the fourth quarter valued at about $1,235,000. Rubicon Advisors GP acquired a new stake in Chevron in the fourth quarter valued at about $432,000. Corient Private Wealth LLC increased its holdings in Chevron by 18.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,629,205 shares of the oil and gas company’s stock worth $400,684,000 after purchasing an additional 418,658 shares in the last quarter. Union Savings Bank bought a new stake in shares of Chevron in the 4th quarter valued at about $1,008,000. Finally, Redwood Family Wealth LLC acquired a new stake in Chevron during the fourth quarter worth approximately $492,000. 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.