Chevron (NYSE:CVX) Shares Up 2.2% - Here's Why

Key Points

• Chevron shares rose 2.2% as higher oil prices, driven by concerns over potential supply disruptions from the U.S.-Iran conflict, boosted the energy sector.
• Investors are also responding to a potential expansion in Venezuela, where Chevron may partner with Halliburton on oil-field investments, though political, infrastructure and operational risks could limit the opportunity.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $207.48; Chevron also reported quarterly earnings and revenue above estimates and maintains a 3.5% dividend yield.

Shares of Chevron Corporation (NYSE:CVX - Get Free Report) were up 2.2% during mid-day trading on Monday . The company traded as high as $208.42 and last traded at $206.25. Approximately 10,542,211 shares were traded during trading, a decline of 2% from the average daily volume of 10,727,116 shares. The stock had previously closed at $201.86.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices support earnings: Chevron rallied alongside Exxon Mobil and other energy companies as the U.S.-Iran conflict raised concerns about supply disruptions and lifted crude prices. Higher realized prices generally benefit Chevron’s production and cash flow. Oil Jumps on U.S.-Iran Attacks; Chevron Rises Amid Venezuela Deal
• Positive Sentiment: Potential Venezuela expansion: Chevron is reportedly nearing agreements with Halliburton to invest in Venezuelan oil fields, including heavy-oil assets. A proposed long-term arrangement could materially expand production and make Chevron the only major U.S. oil company with an active operating presence in the country. Chevron Nears Venezuela Oil Field Deals That Could Expand Its Footprint
• Positive Sentiment: Improved analyst outlook: Erste Group reportedly raised its fiscal 2026 earnings-per-share forecast, adding to investor optimism as Chevron trades near its yearly high. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Portfolio changes: Angola’s Etu Energias agreed to acquire Chevron interests in offshore Blocks 14 and 14K. The transaction may streamline Chevron’s portfolio, although it also reduces its working interests in those assets. Etu Energias to Acquire Chevron Stakes in Offshore Angola
• Negative Sentiment: Venezuela execution risks remain: Analysts and a former Chevron executive cautioned that political, operational, infrastructure and investment challenges could limit the benefits of any Venezuela agreement, despite the country’s large reserves. Venezuela’s Oil Opportunity Comes With a Major Catch

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CVX. Royal Bank Of Canada restated an "outperform" rating and set a $220.00 price target on shares of Chevron in a report on Tuesday, May 5th. UBS Group reiterated a "buy" rating on shares of Chevron in a report on Tuesday, June 23rd. Dbs Bank raised shares of Chevron to a "moderate buy" rating in a research report on Thursday, August 6th. Wolfe Research upgraded Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 price target on the stock in a research note on Thursday, July 2nd. Finally, Piper Sandler started coverage on shares of Chevron in a research note on Thursday, July 23rd. They issued an "overweight" rating and a $207.00 target price for the company. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Chevron presently has a consensus rating of "Moderate Buy" and an average target price of $207.48.

Chevron Trading Up 2.2%

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 stock has a market cap of $407.50 billion, a PE ratio of 19.77, a PEG ratio of 0.60 and a beta of 0.49. The business has a 50-day moving average of $187.44 and a 200 day moving average of $188.90.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 earnings per share. Equities research analysts predict that Chevron Corporation will post 16.24 EPS for the current fiscal year.

Chevron Announces Dividend

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

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This represents a 92.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 16,800 shares of the firm's stock in a transaction that occurred on 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 ownership of the stock. 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 90 days. Insiders own 0.56% of the company's stock.

Institutional Investors Weigh In On Chevron

A number of large investors have recently bought and sold shares of CVX. First PREMIER Bank increased its position in Chevron by 0.8% during the second quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company's stock valued at $1,070,000 after acquiring an additional 50 shares during the last quarter. Vanguard Capital Wealth Advisors grew its holdings in shares of Chevron by 1.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company's stock worth $467,000 after purchasing an additional 50 shares during the last quarter. Cornerstone Advisory LLC increased its stake in Chevron by 0.9% in the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company's stock worth $1,164,000 after buying an additional 52 shares during the period. Compton Financial Group LLC grew its stake in Chevron by 1.9% in the 1st quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company's stock worth $609,000 after acquiring an additional 56 shares in the last quarter. Finally, Quantum Portfolio Management LLC grew its stake in Chevron by 2.7% in the first quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company's stock worth $435,000 after purchasing an additional 56 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source