Chevron (NYSE:CVX) Trading Down 1.5% - Time to Sell?

Key Points

• Chevron shares fell 1.5% to about $199.98, though the stock remains above its 50-day and 200-day moving averages after a strong run.
• Fundamentals and sentiment remain supportive: Chevron beat quarterly earnings and revenue estimates, benefited from higher oil prices and production prospects in Angola and Guyana, and maintains a 3.6% dividend yield. Analysts rate the stock a consensus “Moderate Buy” with an average price target of $207.48.
• The main risks are profit-taking and exposure to crude-price volatility. Recent insider selling—including substantial reductions by two insiders—may also warrant investor attention.

Chevron Corporation (NYSE:CVX - Get Free Report)'s share price dropped 1.5% during trading on Tuesday . The company traded as low as $199.79 and last traded at $199.9840. Approximately 7,537,303 shares traded hands during trading, a decline of 30% from the average session volume of 10,798,146 shares. The stock had previously closed at $203.09.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron has reportedly struck fresh oil in Angola, an exploration success that could strengthen its upstream portfolio and support future production growth. Chevron stock turns heads as company strikes fresh oil
• Positive Sentiment: Analysts continue to favor Chevron over some international peers, citing stronger 2026 earnings growth, production momentum and significant exposure to Guyana. Similar coverage identifies earnings growth and price strength as reasons to keep CVX on investors’ watch lists. Chevron vs. Shell
• Positive Sentiment: Brent crude has remained near $94 after a second consecutive weekly gain, improving the economics of Chevron’s upstream operations and providing an important earnings tailwind. Chevron Rises as Iran Pressure Keeps Brent Near $94
• Positive Sentiment: Dividend-focused coverage presents Chevron as a potential long-term income holding. Analysts and commentators point to its dividend increases, strong recent results and financial resilience, while brokerage sentiment remains a consensus “Moderate Buy.” 3 Dividend Stocks to Buy and Hold for the Next Decade
• Neutral Sentiment: Reports comparing Chevron with ExxonMobil and Shell are favorable to CVX, but they primarily reinforce existing investment themes—dividend durability, yield, earnings growth and production—rather than introduce a new company-specific catalyst. Chevron vs. Shell
• Negative Sentiment: Recent weakness appears partly related to modest profit-taking after the stock’s strong run. In addition, Chevron remains sensitive to crude-price volatility; a slowdown in oil prices or resolution of supply concerns could reduce the current upstream boost. America’s Strategic Petroleum Reserve Is Running on Fumes

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVX. Mizuho set a $224.00 price objective on Chevron in a report on Monday, August 3rd. 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. The Goldman Sachs Group restated a "buy" rating and issued a $216.00 price target on shares of Chevron in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley increased their price objective on shares of Chevron from $210.00 to $218.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Twenty equities 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, the company has an average rating of "Moderate Buy" and an average target price of $207.48.

Chevron Stock Down 1.5%

The company has a fifty day moving average of $185.48 and a two-hundred day moving average of $188.35. The company has a market cap of $395.12 billion, a PE ratio of 19.17, a price-to-earnings-growth 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.

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

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, August 19th. Chevron's dividend payout ratio is presently 68.26%.

Insider Activity

In related news, Director John B. Hess sold 100,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Benjamin Walz sold 16,800 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares in the company, 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 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 company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC bought a new position in Chevron in the first quarter worth approximately $25,000. Core Wealth Advisors LLC bought a new stake in Chevron during the 4th quarter valued at $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron in the 4th quarter worth $26,000. Basso Capital Management L.P. bought a new position in shares of Chevron during the 4th quarter worth $27,000. Finally, Karpus Management Inc. purchased a new position in shares of Chevron during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

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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