Erste Group Bank Increases Earnings Estimates for Chevron

Chevron Corporation (NYSE:CVX) – Equities research analysts at Erste Group Bank lifted their FY2026 earnings per share (EPS) estimates for shares of Chevron in a report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings per share of $15.94 for the year, up from their prior forecast of $15.32. The consensus estimate for Chevron’s current full-year earnings is $16.24 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $13.40 EPS.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The company had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis.

A number of other brokerages have also recently issued reports on CVX. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 price objective on shares of Chevron in a research note on Tuesday, May 5th. Barclays reduced their price target on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $216.00 price objective on shares of Chevron in a research report on Wednesday, May 6th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $207.48.

Chevron Trading Up 2.3%

NYSE:CVX opened at $210.88 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The company’s 50-day simple moving average is $188.76 and its 200 day simple moving average is $189.24. Chevron has a one year low of $146.49 and a one year high of $214.71. The firm has a market capitalization of $416.65 billion, a P/E ratio of 20.22, a PEG ratio of 0.61 and a beta of 0.50.

Hedge Funds Weigh In On Chevron

A number of institutional investors have recently bought and sold shares of CVX. Blue Capital Inc. purchased a new position in shares of Chevron during the 2nd quarter valued at $786,000. OneAscent Wealth Management LLC bought a new position in Chevron during the second quarter valued at approximately $973,000. Global Retirement Partners LLC bought a new position in shares of Chevron during the 2nd quarter valued at approximately $14,276,000. Indivisible Partners bought a new position in Chevron during the fourth quarter valued at $1,923,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Chevron by 6.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after acquiring an additional 79,439 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Insider Activity at Chevron

In other Chevron news, insider R. Hewitt Pate sold 2,470 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company’s stock.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela expansion is the main catalyst. Chevron, the only major U.S. oil company with significant existing operations in Venezuela, is reportedly preparing to expand production through new agreements covering heavy-oil fields in the Orinoco Belt. The company currently produces approximately 280,000 barrels per day in the country and could potentially increase output by about 50% over the next two years. Access to the world’s largest proven oil reserves could provide a long-term production and cash-flow opportunity. Chevron Will Grow Venezuelan Oil Production
• Positive Sentiment: Higher crude prices are lifting the energy sector. Renewed U.S.-Iran conflict and disruptions around the Strait of Hormuz have pushed oil prices higher, supporting revenue and margins for integrated producers such as Chevron. The NYSE Energy Sector Index was up 1.1% Tuesday afternoon. Sector Update: Energy Stocks Rise Tuesday Afternoon
• Positive Sentiment: Income and momentum appeal remain supportive. Chevron continues to attract dividend-focused investors, while recent earnings exceeded expectations, with EPS of $6.06 versus a $5.55 consensus estimate and revenue up 57.4% year over year. 3 Top Dividend Stocks to Buy in September

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.