FY2027 EPS Estimates for Chevron Lifted by Erste Group Bank

Key Points

• Erste Group Bank raised its FY2027 EPS estimate for Chevron to $9.73 (from $9.09), while the consensus full‑year estimate remains higher at $10.79 per share.
• Chevron boosted its quarterly dividend to $1.78 (annualized $7.12) for a ~3.5% yield, though the dividend payout ratio is elevated at about 106.9%.
• Multiple brokers have lifted price targets and ratings (e.g., Piper Sandler to $242, Mizuho to $217), but MarketBeat's consensus rating is still Hold with a target of $184.77 while the stock trades near $205.

Chevron Corporation (NYSE:CVX - Free Report) - Erste Group Bank boosted their FY2027 EPS estimates for shares of Chevron in a research report issued to clients and investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings per share of $9.73 for the year, up from their previous estimate of $9.09. The consensus estimate for Chevron's current full-year earnings is $10.79 per share.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results 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. The company had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm's quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 earnings per share.

Several other brokerages have also commented on CVX. Argus set a $203.00 price objective on Chevron in a research report on Tuesday, February 3rd. Scotiabank restated a "sector perform" rating and issued a $168.00 target price on shares of Chevron in a research report on Friday, January 16th. Mizuho upped their target price on Chevron from $206.00 to $217.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Piper Sandler increased their price target on shares of Chevron from $179.00 to $242.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. Finally, HSBC raised shares of Chevron from a "hold" rating to a "buy" rating and set a $215.00 price target on the stock in a research note on Friday, March 20th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of "Hold" and a consensus target price of $184.77.

Chevron Trading Down 0.9%

NYSE CVX opened at $204.92 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The stock's 50-day simple moving average is $183.79 and its two-hundred day simple moving average is $164.44. Chevron has a twelve month low of $132.04 and a twelve month high of $209.79. The company has a market capitalization of $408.89 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 1.91 and a beta of 0.67.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $1.78 per share. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a yield of 3.5%. This is a boost from Chevron's previous quarterly dividend of $1.71. Chevron's dividend payout ratio (DPR) is currently 106.91%.

Insider Activity at Chevron

In related news, insider R. Hewitt Pate sold 47,200 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $192.12, for a total transaction of $9,068,064.00. Following the transaction, the insider directly owned 8,558 shares in the company, valued at $1,644,162.96. This trade represents a 84.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,099,397 shares of company stock worth $196,196,468 over the last three months. Corporate insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On Chevron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVX. Phillip James Consulting Co. bought a new position in shares of Chevron during the fourth quarter valued at about $26,000. Core Wealth Advisors LLC bought a new stake in shares of Chevron in the fourth quarter worth about $26,000. Karpus Management Inc. bought a new stake in shares of Chevron in the fourth quarter worth about $27,000. Basso Capital Management L.P. purchased a new position in Chevron during the 4th quarter valued at about $27,000. Finally, Quattro Advisors LLC purchased a new position in Chevron during the 4th quarter valued at about $27,000. 72.42% of the stock is currently owned by institutional investors.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron struck a crude offtake agreement with Sable Offshore to secure additional U.S. West Coast supply, which helps feed California refineries at a time of tight global markets and supports refining/upstream margins. Chevron’s Sable Offshore Deal Adds West Coast Supply And Risk Considerations
• Positive Sentiment: An analyst upgrade earlier this week lifted the stock and reflects rising analyst confidence and higher price targets amid the oil rally—a near‑term bullish catalyst for CVX. Chevron NYSE: CVX Stock Price Up 1.7% Following Analyst Upgrade
• Positive Sentiment: Energy peers and commodity moves have pushed Big Oil higher; market commentary highlights Chevron as a beneficiary of tighter supply and growing crack spreads, supporting investor appetite for CVX and its dividend. Energy Stocks Surge on Oil Spike: Buy, Hold, or Take Profits?
• Neutral Sentiment: Board governance updated — Chevron’s board approved amended bylaws following the Hess acquisition; routine corporate housekeeping that smooths integration but is unlikely to move the stock materially on its own. Chevron Updates Board Bylaws Following Hess Acquisition
• Neutral Sentiment: Oil prices pulled back on signs of diplomatic de‑escalation, creating short‑term volatility; the pullback tempers immediate upside but leaves medium‑term upside if geopolitical risks re‑escalate. Oil Eases on De‑Escalation Buzz but Risks Persist
• Negative Sentiment: A new federal bill (S.4111) proposing a 50% windfall‑profits excise tax on large crude producers names Chevron specifically and, if it advances, could hit margins and cashflow—a meaningful legislative risk for CVX. New Bill: S.4111 Big Oil Windfall Profits Tax Act
• Negative Sentiment: Chevron and executives are warning of a looming California fuel crisis as imports slow and policy/operational headwinds tighten regional supply—this raises short‑term operational risk and potential margin pressure for West‑Coast operations. Chevron Raises Alarm Over California Energy Crisis as Imports Slow
• Negative Sentiment: Continued Strait of Hormuz disruption (including new transit fees and shipping risk) keeps physical oil spreads elevated and logistic costs higher—a backdrop that increases volatility and costs for global producers like Chevron. Iran Imposes Up to $2M Transit Fees on Ships in Strait of Hormuz

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.

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