Chevron (NYSE:CVX) Trading 1.4% Higher – Time to Buy?

Shares of Chevron Corporation (NYSE:CVX) shot up 1.4% during trading on Wednesday . The stock traded as high as $207.00 and last traded at $205.2120. 8,246,497 shares changed hands during trading, a decline of 23% from the average daily volume of 10,717,504 shares. The stock had previously closed at $202.41.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Elevated oil prices may support earnings and cash flow. CFO Eimear Bonner said Chevron sees limited relief from high oil prices in the near term, a potentially favorable backdrop for the company’s upstream business. Chevron CFO sees little relief anytime soon from elevated oil prices
• Positive Sentiment: Chevron plans to increase exploration and drilling activity. Reports indicate the company intends to raise exploration spending by roughly 50% next year and drill more wells. The move could improve future production and reserves, although returns will depend on oil prices and project execution. Chevron plans a 50 percent exploration spending increase
• Positive Sentiment: New Greek exploration opportunities add long-term upside. Greece’s energy ministry said Chevron will begin seismic research in offshore blocks by year-end, providing additional resource potential and geographic diversification. Greece says Chevron to start seismic research by year-end
• Positive Sentiment: Analyst earnings expectations edged higher. Erste Group raised its FY2026 and FY2027 EPS estimates modestly, while industry commentary points to solid oil prices, Chevron’s integrated model and midstream operations as supportive factors. Integrated energy stocks industry tailwinds
• Neutral Sentiment: Bonner’s discussions about managing volatility, capital allocation and sustainability reinforce Chevron’s disciplined planning message but did not announce a major new financial measure. How Chevron’s CFO leads through global tumult
• Negative Sentiment: A proposed U.S. bill would temporarily ban diesel exports when domestic prices remain above $5 per gallon. If enacted, it could pressure refining margins and alter Chevron’s fuel-distribution and export economics, though the measure is preliminary and has limited sponsorship. Diesel Price Reduction Act of 2026

Analyst Ratings Changes

A number of brokerages have weighed in on CVX. Weiss Ratings upgraded shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Thursday, July 2nd. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Piper Sandler raised their price target on Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Mizuho set a $224.00 price objective on Chevron in a research note on Monday, August 3rd. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and an average price target of $211.35.

Chevron Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The company has a market cap of $405.45 billion, a PE ratio of 19.68, a PEG ratio of 0.60 and a beta of 0.50. The company’s 50-day simple moving average is $200.25 and its 200 day simple moving average is $191.97.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The company’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 earnings per share. On average, sell-side analysts predict that Chevron Corporation will post 16.52 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s payout ratio is presently 68.26%.

Insider Buying and Selling

In other Chevron news, CEO Michael Wirth sold 317,100 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Hess sold 100,000 shares of Chevron stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares of the company’s stock, valued at $34,587,021.70. The trade was a 35.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,152,582 shares of company stock worth $225,853,661 in the last quarter. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

Large investors have recently modified their holdings of the company. Midwest Capital Advisors LLC purchased a new position in Chevron in the first quarter valued at approximately $25,000. Main Street Group LTD purchased a new stake in shares of Chevron during the 1st quarter worth approximately $28,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron during the 4th quarter worth approximately $26,000. Kilter Group LLC acquired a new position in shares of Chevron in the 2nd quarter valued at $28,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at $26,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Company Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.