Chevron (NYSE:CVX) Stock Jumps 1.4% – Time to Buy?

Shares of Chevron Corporation (NYSE:CVX) were up 1.4% on Thursday. The company traded as high as $207.41 and last traded at $207.0820. 5,991,165 shares traded hands during trading, a decline of 43% from the average daily volume of 10,603,459 shares. The stock had previously closed at $204.21.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is expected to maintain its strong earnings record in the upcoming quarterly report. Analysts cite the company’s history of surpassing estimates and a favorable combination of earnings estimate revisions and the Zacks Earnings ESP, raising expectations for another beat. Will Chevron Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Chevron affiliate Harmattan Energy agreed to acquire Trago Energy’s 10% participating interest in Namibia’s offshore Petroleum Exploration License 90. The deal includes $11 million in cash plus contingent payments tied to appraisal, production and commercial-development milestones, giving Chevron additional exploration exposure with limited upfront cost. PEL 90 Participating Interest Exchange with Chevron
• Positive Sentiment: Investors are also highlighting longer-term growth drivers, including progress from the Hess acquisition, potential energy and crude-supply opportunities in Vietnam, and Chevron’s use of robotics, drones and remote tools to improve safety, inspections and operating efficiency. Chevron and ExxonMobil Ink Potential Crude Supply Deals With Vietnam
• Neutral Sentiment: Chevron scheduled its third-quarter 2026 earnings conference call for October 30. The announcement provides a clear near-term catalyst, but the eventual stock reaction will depend on results, production levels, capital spending and management’s outlook. Chevron Third-Quarter 2026 Earnings Conference Call
• Negative Sentiment: Potential headwinds include easing crude prices and the stock’s proximity to its 52-week high, which may limit further upside if earnings or oil-market conditions disappoint. Analyst “Buy” ratings are supportive, but the articles also caution that brokerage recommendations can be overly optimistic.

Analyst Ratings Changes

A number of research firms have commented on CVX. Bank of America raised their target price on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. BMO Capital Markets boosted their price objective on shares of Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Piper Sandler upped their target price on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Thursday, July 2nd. Twenty-one investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.87.

Chevron Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $409.15 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.59 and a beta of 0.50. The stock’s 50 day moving average is $202.33 and its 200 day moving average is $192.57.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. On average, analysts predict that Chevron Corporation will post 16.66 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s payout ratio is 68.26%.

Insider Buying and Selling

In other Chevron news, insider Andrew Walz sold 16,800 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at $2,814.84. This trade represents a 99.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the sale, the director owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,152,582 shares of company stock worth $225,853,661 in the last ninety days. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Chevron

Several hedge funds and other institutional investors have recently bought and sold shares of CVX. State Street Corp grew its holdings in Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after buying an additional 5,998,852 shares during the period. BlackRock Inc. purchased a new position in shares of Chevron during the 2nd quarter worth about $25,663,729,000. Berkshire Hathaway Inc boosted its position in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after acquiring an additional 8,091,570 shares during the last quarter. Bank of America Corp DE increased its position in Chevron by 5.1% during the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after purchasing an additional 1,334,976 shares during the last quarter. Finally, Invesco Ltd. increased its position in Chevron by 1.5% during the fourth quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company’s stock worth $2,609,194,000 after purchasing an additional 254,323 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.