Chevron (NYSE:CVX) Trading Down 1.1% - Here's What Happened

Key Points

• Chevron shares fell 1.1% to about $203.03 in midday trading, with volume roughly 49% below the average daily level.
• Despite the short-term decline, Chevron’s outlook remains supported by Brent crude near $94 per barrel, strong Guyana production exposure and quarterly results that exceeded expectations. Analysts maintain a consensus “Moderate Buy” rating with a $207.48 price target.
• Chevron continues to appeal to income investors with a quarterly dividend of $1.78 per share, representing a 3.5% annualized yield; however, insiders sold more than 1.15 million shares over the past three months.

Chevron Corporation (NYSE:CVX - Get Free Report)'s stock price traded down 1.1% during mid-day trading on Monday . The company traded as low as $201.75 and last traded at $203.0280. Approximately 5,503,852 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 10,816,142 shares. The stock had previously closed at $205.27.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Brent crude is holding near $94 per barrel after a second consecutive weekly gain, improving the economics of Chevron’s upstream business and supporting the shares. Chevron Rises as Iran Pressure Keeps Brent Near $94
• Positive Sentiment: Analysts and financial commentators continue to favor Chevron as an energy investment, citing stronger 2026 earnings growth, production momentum and significant Guyana exposure compared with Shell. Chevron vs. Shell: Which Energy Major Offers a Better Bet?
• Positive Sentiment: Chevron remains highlighted as a long-term dividend stock. Recent coverage notes that both Chevron and ExxonMobil raised their dividends again in 2026 and delivered strong quarters, reinforcing CVX’s appeal to income-focused investors. 3 Dividend Stocks to Buy and Hold for the Next Decade, Starting With Chevron
• Positive Sentiment: Chevron’s latest quarterly results substantially exceeded expectations, with earnings and revenue benefiting from higher energy prices and year-over-year growth, strengthening the fundamental case for the company.
• Neutral Sentiment: Brokerages maintain a consensus “Moderate Buy” recommendation, while Zacks has placed CVX on its watch list based on earnings growth and price strength. Chevron Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Uriel “Ose” Oseguera will become Chevron’s treasurer, succeeding retiring executive Navin Mahajan. The change affects capital markets, finance and risk-management oversight but is not presented as a shift in strategy. Why Is Chevron Naming a New Treasurer Worth Watching?
• Negative Sentiment: Recent strength has prompted some profit-taking, and a reported price-target reduction drew criticism from Jim Cramer. This may be limiting near-term upside despite the company’s favorable operating outlook. Jim Cramer Wasn’t Happy About Chevron Price Target Cut

Analyst Ratings Changes

CVX has been the subject of several research reports. Morgan Stanley increased their price objective on Chevron from $210.00 to $218.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Zacks Research downgraded Chevron from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Dbs Bank upgraded shares of Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Chevron in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Twenty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.48.

Chevron Price Performance

The company has a market cap of $401.14 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.61 and a beta of 0.49. 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 business has a fifty day moving average price of $185.03 and a 200 day moving average price of $188.17.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results 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. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same period in the previous year, the firm posted $1.77 EPS. The company's revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, research analysts anticipate that Chevron Corporation will post 16.17 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron's payout ratio is currently 68.26%.

Insider Activity

In other Chevron news, Director John B. Hess sold 710,665 shares of Chevron stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director owned 363,711 shares of the company's stock, valued at $70,596,305.10. This trade represents a 66.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 16,800 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider owned 14 shares of the company's stock, valued at $2,814.84. This trade represents a 99.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,152,582 shares of company stock valued at $225,853,661 in the last three months. 0.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chevron

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Capital Inc. acquired a new position in shares of Chevron in the 2nd quarter valued at approximately $786,000. OneAscent Wealth Management LLC acquired a new stake in Chevron during the 2nd quarter worth approximately $973,000. Global Retirement Partners LLC acquired a new stake in Chevron during the 2nd quarter worth approximately $14,276,000. Indivisible Partners bought a new position in Chevron in the fourth quarter valued at approximately $1,923,000. Finally, Janney Montgomery Scott LLC lifted its stake in Chevron by 6.8% in the first 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 buying an additional 79,439 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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