Chevron (NYSE:CVX) Shares Up 2% – Time to Buy?

Chevron Corporation (NYSE:CVX)’s share price was up 2% during trading on Wednesday . The company traded as high as $169.37 and last traded at $167.1640. Approximately 16,353,606 shares changed hands during trading, an increase of 8% from the average daily volume of 15,152,791 shares. The stock had previously closed at $163.87.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Reuters reports the U.S. is expected to grant Chevron an expanded Venezuela license this week, potentially allowing increased production and reserves recognition — a direct growth catalyst for CVX. Exclusive: Chevron expected to receive expanded Venezuela license from US this week
• Positive Sentiment: FT/market writeups indicate Chevron (and service partner SLB) are in talks with U.S. officials to expand operations in Venezuela, reinforcing the Reuters narrative and raising the odds of near‑term upstream production upside. SLB in talks with U.S. officials, Chevron to expand in Venezuela – FT
• Positive Sentiment: CNBC coverage shows Stephanie Link (Hightower CIO) increasing her Chevron stake — a signal of institutional conviction that can boost investor sentiment. Trade Tracker: Stephanie Link buys more Chevron
• Positive Sentiment: Macro support: recent oil price strength and analyst sector calls for 2026 favoring energy provide a tailwind for CVX’s revenue and cash flow outlook. 2026 Market Outlook: 3 Top Sectors to Watch Amid Global Tensions
• Neutral Sentiment: Coverage pieces (Undercovered/Insider lists) are featuring CVX among large‑cap, high‑yield energy names — increases visibility but not an immediate operational catalyst. Undercovered Dozen: Chevron, Coherent, Barrick Mining And More
• Neutral Sentiment: Inclusion in dividend/value lists (e.g., Dogs of the Dow style pieces) highlights CVX’s income appeal but is less likely to move price materially on its own. The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Negative Sentiment: Political, sanction and execution risks tied to Venezuela remain significant — license approval does not eliminate operational or reputational risks, and any reversal or delays could quickly weigh on the stock. Exclusive: Chevron expected to receive expanded Venezuela license from US this week

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CVX. Mizuho raised their price objective on Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Raymond James Financial restated an “outperform” rating and issued a $160.00 price target (down previously from $170.00) on shares of Chevron in a research note on Friday, October 17th. Hsbc Global Res raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Morgan Stanley upped their price objective on shares of Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $168.14.

Chevron Stock Performance

The company has a fifty day moving average of $152.68 and a two-hundred day moving average of $153.82. The firm has a market capitalization of $336.59 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 10.20 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. During the same quarter last year, the business earned $2.48 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.1%. Chevron’s payout ratio is 96.20%.

Insider Buying and Selling at Chevron

In other Chevron news, insider Alana K. Knowles sold 7,956 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the transaction, the insider owned 1,207 shares in the company, valued at $199,215.35. This represents a 86.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the transaction, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 631,990 shares of company stock worth $99,716,808. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Chevron

Institutional investors have recently modified their holdings of the stock. Quaker Wealth Management LLC raised its position in shares of Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 439 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron during the 3rd quarter worth approximately $34,000. Vermillion & White Wealth Management Group LLC increased its stake in Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 118 shares during the last quarter. IMG Wealth Management Inc. increased its stake in Chevron by 52.3% in the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 91 shares during the last quarter. Finally, Marquette Asset Management LLC acquired a new position in Chevron during the third quarter valued at approximately $41,000. 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.