Chevron (NYSE:CVX) Trading Up 1.4% – Here’s What Happened

Chevron Corporation (NYSE:CVX)’s stock price was up 1.4% during mid-day trading on Thursday . The company traded as high as $202.44 and last traded at $201.35. Approximately 16,896,938 shares changed hands during trading, an increase of 34% from the average daily volume of 12,643,740 shares. The stock had previously closed at $198.61.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analyst optimism — Mizuho published a bullish forecast for Chevron, citing upside to the stock that supports investor demand. Read More.
• Positive Sentiment: Analyst optimism — Barclays also issued a forecast calling for strong price appreciation for CVX, reinforcing the buy-side narrative. Read More.
• Positive Sentiment: Strategic tech investment — Chevron Technology Ventures joined a funding round for KEWAZO, a heavy-industry robotics firm, signaling CVX’s push into efficiency and industrial automation that could lower operating costs long term. Read More.
• Positive Sentiment: M&A expansion — Reports say Chevron is in advanced talks to acquire a 30% stake in Ultrapar’s Ipiranga, expanding its retail/fuel presence in Brazil and adding growth optionality in a high-potential market. Read More.
• Positive Sentiment: Upside from new production deals — Analysts and commentators note Chevron could see meaningful upside if it secures additional oil access in Venezuela, a deal that would boost medium‑term production prospects. Read More.
• Neutral Sentiment: Dividend profile and risk commentary — Coverage highlights Chevron’s long dividend-growth streak and strong payouts, while also noting management warnings about geopolitical risks (Iran/Strait of Hormuz) that could both lift commodity prices and add volatility. Read More.
• Neutral Sentiment: Retail / sentiment pieces — Market commentary and “if you invested” return stories show increased retail interest and extra visibility for CVX, which can amplify intraday moves but don’t change fundamentals by themselves. Read More.
• Neutral Sentiment: Trending / watchlist mentions — Zacks and other outlets note CVX is a trending stock, reflecting higher attention from investors and analysts; this supports volume but is neutral on long-term valuation. Read More.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CVX shares. Piper Sandler boosted their target price on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. TD Cowen increased their price objective on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Morgan Stanley reduced their price objective on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Mizuho boosted their target price on shares of Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron has an average rating of “Hold” and a consensus price target of $183.18.

Chevron Stock Up 1.4%

The firm has a market cap of $401.77 billion, a PE ratio of 30.23, a PEG ratio of 1.83 and a beta of 0.67. 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’s 50-day simple moving average is $179.68 and its two-hundred day simple moving average is $162.85.

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

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s payout ratio is 106.91%.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 31,266 shares in the company, valued at $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Hewitt Pate sold 47,200 shares of Chevron stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $192.12, for a total value of $9,068,064.00. Following the completion of the sale, the insider directly owned 8,558 shares in the company, valued at approximately $1,644,162.96. The trade was a 84.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,099,397 shares of company stock worth $196,196,468 in the last ninety days. 0.21% of the stock is currently owned by company insiders.

Institutional Trading of Chevron

Several institutional investors and hedge funds have recently made changes to their positions in CVX. Core Wealth Advisors LLC purchased a new stake in Chevron in the fourth quarter valued at about $26,000. Phillip James Consulting Co. acquired a new stake in Chevron in the fourth quarter valued at approximately $26,000. Basso Capital Management L.P. purchased a new position in Chevron in the 4th quarter valued at about $27,000. Karpus Management Inc. purchased a new stake in shares of Chevron during the fourth quarter worth $27,000. Finally, Quattro Advisors LLC acquired a new position in Chevron during the fourth quarter worth $27,000. 72.42% of the stock is currently 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.