What is Scotiabank’s Forecast for Chevron FY2026 Earnings?

Chevron Corporation (NYSE:CVX) – Analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Chevron in a report released on Wednesday, February 11th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will post earnings per share of $4.70 for the year, up from their prior forecast of $3.75. Scotiabank currently has a “Sector Perform” rating and a $168.00 price objective on the stock. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share. Scotiabank also issued estimates for Chevron’s FY2027 earnings at $6.55 EPS.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 8.23%. The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the firm earned $2.06 earnings per share. Chevron’s revenue for the quarter was down 10.2% on a year-over-year basis.

CVX has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Monday, February 2nd. Mizuho increased their price target on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Piper Sandler reduced their target price on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Morgan Stanley lowered their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $175.00.

Chevron Price Performance

CVX opened at $183.65 on Monday. Chevron has a twelve month low of $132.04 and a twelve month high of $186.52. The firm has a market cap of $369.79 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 12.16 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $163.21 and a 200 day simple moving average of $157.68.

Institutional Trading of Chevron

A number of institutional investors have recently made changes to their positions in the stock. Core Wealth Advisors LLC acquired a new position in shares of Chevron during the 4th quarter valued at $26,000. Karpus Management Inc. acquired a new position in Chevron during the fourth quarter worth about $27,000. Quattro Advisors LLC acquired a new position in Chevron during the fourth quarter worth about $27,000. Quaker Wealth Management LLC raised its position in Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares in the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at about $33,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Chevron news, Vice Chairman Mark A. Nelson sold 45,800 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the completion of the transaction, the insider owned 7,161 shares in the company, valued at approximately $1,247,231.37. The trade was a 86.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider R. Hewitt Pate sold 41,134 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $176.40, for a total value of $7,256,037.60. Following the completion of the transaction, the insider directly owned 4,169 shares of the company’s stock, valued at approximately $735,411.60. The trade was a 90.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 793,163 shares of company stock worth $127,920,502 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Chevron Increases Dividend

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

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.