Stock Traders Purchase High Volume of Chevron Call Options (NYSE:CVX)

Chevron Corporation (NYSE:CVX) was the target of unusually large options trading on Friday. Traders purchased 1,009,814 call options on the company. This is an increase of approximately 2,066% compared to the typical daily volume of 46,615 call options.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Bank of America dropped their target price on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. UBS Group reissued a “buy” rating and issued a $212.00 price target on shares of Chevron in a research report on Monday, February 2nd. Jefferies Financial Group upped their price objective on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Barclays lifted their target price on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $175.00.

Chevron Stock Up 0.7%

Shares of CVX stock opened at $183.65 on Friday. The stock’s fifty day moving average price is $162.51 and its 200 day moving average price is $157.42. Chevron has a 1-year low of $132.04 and a 1-year high of $186.52. The company has a market cap of $369.79 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 12.26 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86.

Chevron (NYSE:CVX) last issued its quarterly 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 8.23% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter last year, the company earned $2.06 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, research analysts expect that Chevron will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.9%. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is presently 102.70%.

Insider Activity

In other news, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. This trade represents a 88.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 793,163 shares of company stock valued at $127,920,502. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Chevron

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Castellan Group lifted its stake in Chevron by 10.7% during the 2nd quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock valued at $2,922,000 after acquiring an additional 1,965 shares during the period. Harbour Investments Inc. raised its holdings in shares of Chevron by 3.0% during the second quarter. Harbour Investments Inc. now owns 27,250 shares of the oil and gas company’s stock worth $3,902,000 after purchasing an additional 803 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Chevron by 0.3% during the second quarter. Bridges Investment Management Inc. now owns 148,448 shares of the oil and gas company’s stock worth $21,256,000 after purchasing an additional 441 shares during the last quarter. Pettinga Financial Advisors LLC lifted its position in Chevron by 3.3% during the second quarter. Pettinga Financial Advisors LLC now owns 3,126 shares of the oil and gas company’s stock valued at $448,000 after purchasing an additional 101 shares during the period. Finally, Alta Capital Management LLC boosted its holdings in Chevron by 8.3% in the second quarter. Alta Capital Management LLC now owns 43,316 shares of the oil and gas company’s stock valued at $6,202,000 after purchasing an additional 3,303 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela is set to grant additional oil drilling blocks to Chevron and Repsol, a development that would expand production opportunity and reserves in a high-impact basin. Venezuela set to grant more oil drilling blocks to Chevron, Repsol – Bloomberg
• Positive Sentiment: Chevron has begun processing Venezuelan crude at a Gulf Coast refinery — a tangible near-term boost to volumes/refining feedstock access and a sign of resumed operations tied to political changes. Inside Chevron’s flagship refinery tapping into Venezuelan crude after Maduro’s capture
• Positive Sentiment: Chevron is returning to Libya and pursuing exploration/blocks in the Sirte Basin — a move that increases long‑term upstream optionality if political/security conditions hold. Big Oil embraces global exploration again as Chevron returns to Libya
• Positive Sentiment: Company scale in the Permian (1M boe/d) and deployment of AI/mineral-right advantages were highlighted as drivers of cash flow and cost efficiency — supportive for free cash flow and shareholder returns. Chevron’s Permian Scale Drives Cash Flow and Efficiency Edge
• Positive Sentiment: Unusual options activity: traders bought roughly 1,009,814 call options (a ~2,066% jump vs. typical volume), signaling bullish sentiment or speculative positioning that can add upward price momentum.
• Neutral Sentiment: Bangchak has acquired Chevron’s Hong Kong unit as part of regional restructuring — a non-core asset sale that is likely neutral to core upstream earnings but could slightly simplify regional operations. Bangchak acquires Chevron’s Hong Kong unit to fuel regional expansion
• Neutral Sentiment: Insider disclosure: Chevron CTO Thomas Ryder Booth sold 5 shares (de minimis), an immaterial transaction unlikely to affect investor view. SEC Form 4 disclosure

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.