Chevron (NYSE:CVX) Stock Price Down 1.9% – Here’s What Happened

Chevron Corporation (NYSE:CVX) was down 1.9% during mid-day trading on Tuesday . The stock traded as low as $201.96 and last traded at $206.8110. Approximately 17,257,260 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 13,111,965 shares. The stock had previously closed at $210.71.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil-price shock from the Iran conflict and higher power demand for AI infrastructure raise revenue and margin expectations for integrated producers like Chevron; that macro push is a primary driver behind today’s strength. Oil Spikes Above $109 as Stocks Slide
• Positive Sentiment: Citigroup raised its CVX price target from $210 to $235 and reiterated a buy — an upgrade that creates upside expectations and can pull in momentum buyers. Benzinga: Citigroup raises price target
• Positive Sentiment: Chevron entered an exclusivity agreement with Microsoft and Engine No. 1 to potentially de-risk a ~$7B Texas power project supplying AI data centers — a strategic move to capture structural power demand and diversify earnings. Reuters: Microsoft, Chevron and Engine No. 1 sign exclusive deal
• Positive Sentiment: Chevron made a final investment decision on the Aseng gas project in Equatorial Guinea — adds long-term upstream cash flow and supports production guidance. Seeking Alpha: Chevron Aseng FID
• Positive Sentiment: Multiple analyst upgrades and bullish write-ups (Zacks, Motley Fool, others) are lifting sentiment and could attract fresh flows into CVX. Zacks: CVX upgraded to Buy
• Neutral Sentiment: Chevron scheduled its 1Q 2026 earnings call for May 1 — investors will watch production, LNG outage impacts and commentary on the power project for forward guidance. BusinessWire: Earnings call advisory
• Neutral Sentiment: Comparative coverage (Chevron vs. Exxon) and sector pieces are keeping CVX in conversations among dividend and income investors — supportive for medium-term interest but not an immediate catalyst. 24/7 Wall St.: Chevron vs ExxonMobil
• Negative Sentiment: Insider R. Hewitt Pate sold 40,200 shares at an average price of $213.30 in late March — a large disclosed sale that can spook some investors despite being a reported, one-off transaction. SEC Form 4: Insider sale
• Negative Sentiment: Wheatstone LNG remains offline after cyclone damage, tightening LNG supply and introducing near-term earnings and delivery uncertainty for CVX. Yahoo Finance: Wheatstone LNG outage
• Negative Sentiment: Regulatory and state-level risks in California — including comments that Chevron may have to close some gas plants — create a headline tail risk and could pressure localized margins or asset values. Benzinga: California regulatory risk

Analyst Ratings Changes

Several equities research analysts recently weighed in on CVX shares. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a research note on Tuesday, January 20th. Wells Fargo & Company upped their price target on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Citigroup raised their price objective on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday, February 17th. Finally, Piper Sandler upped their target price on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $187.64.

Chevron Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market cap of $396.40 billion, a P/E ratio of 29.84, a PEG ratio of 1.72 and a beta of 0.59. The stock’s 50 day moving average is $187.86 and its two-hundred day moving average is $166.20.

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

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.6%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is presently 106.91%.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the sale, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was 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. Over the last ninety days, insiders sold 1,139,597 shares of company stock valued at $204,771,128. 0.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Chevron

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVX. Core Wealth Advisors LLC bought a new stake in Chevron during the 4th quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new position in Chevron in the fourth quarter worth $26,000. Basso Capital Management L.P. acquired a new position in Chevron in the fourth quarter worth $27,000. Karpus Management Inc. bought a new stake in shares of Chevron during the fourth quarter worth $27,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Chevron in the fourth quarter valued at $27,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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.