Key Points
- Chevron director John Hess sold 195,000 shares on May 6 at an average price of $184.78, totaling about $36.0 million. After the sale, he still owned 658,045 shares, a 22.86% reduction in his position.
- Chevron’s latest quarter topped profit expectations, with EPS of $1.41 versus the $1.00 consensus, though revenue of $47.56 billion came in below estimates. The company also projected full-year EPS of 14.91.
- The company continues to return cash to shareholders with a quarterly dividend of $1.78 per share, payable June 10, implying a 3.9% annualized yield. Analyst sentiment remains constructive, with a consensus rating of “Moderate Buy” and an average price target of $202.74.
Chevron Corporation (NYSE:CVX - Get Free Report) Director John Hess sold 195,000 shares of Chevron stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $184.78, for a total value of $36,032,100.00. Following the completion of the sale, the director directly owned 658,045 shares of the company's stock, valued at approximately $121,593,555.10. This represents a 22.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Chevron Price Performance
Shares of NYSE:CVX opened at $181.37 on Friday. The company has a market cap of $361.35 billion, a P/E ratio of 31.43, a P/E/G ratio of 0.64 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 52 week low of $133.77 and a 52 week high of $214.71. The business has a fifty day simple moving average of $193.21 and a 200-day simple moving average of $172.09.
Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.41. The business had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. Equities research analysts forecast that Chevron Corporation will post 14.91 EPS for the current year.
Chevron Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th will be given a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. Chevron's payout ratio is currently 123.40%.
Chevron News Roundup
Here are the key news stories impacting Chevron this week:
- Positive Sentiment: Chevron’s first-quarter results beat profit expectations, with adjusted EPS of $1.41 versus the $0.97 consensus, reinforcing the company’s ability to generate earnings even amid volatile energy markets. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say
- Positive Sentiment: Goldman Sachs raised its price target on Chevron and kept a Buy rating, citing improved confidence in cash flow, production, and shareholder return plans after the earnings report. Goldman Sachs gives Chevron stock price new target after earnings
- Positive Sentiment: Multiple research notes and articles highlighted Chevron as a dividend aristocrat and a long-term value play, which can support investor interest in the stock. 3 ‘Strong Buy’ Dividend Aristocrat Stocks, 5/8/26
- Positive Sentiment: TD Cowen nudged its price target higher to $205 while maintaining a Hold rating, and Erste Group also lifted its FY2027 earnings estimate, signaling still-constructive expectations for Chevron’s earnings outlook. Chevron estimate and target updates
- Neutral Sentiment: Analysts and commentary also pointed to Chevron’s LNG strategy and South Asian export growth as a longer-term earnings driver, but this is more of a strategic backdrop than an immediate catalyst. Can Chevron's South Asian LNG Strategy Drive Long-Term Growth?
- Negative Sentiment: Despite the earnings beat, Chevron’s revenue came in below Wall Street estimates, which may be tempering enthusiasm and contributing to the stock’s weakness. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on CVX shares. BMO Capital Markets reiterated an "outperform" rating and issued a $190.00 target price on shares of Chevron in a report on Monday, February 2nd. Jefferies Financial Group lifted their target price on Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Chevron in a report on Wednesday, January 21st. BNP Paribas Exane upgraded Chevron from a "neutral" rating to an "outperform" rating and set a $174.00 target price on the stock in a report on Friday, April 17th. Finally, HSBC upgraded Chevron from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $202.74.
Get Our Latest Research Report on Chevron
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVX. Dakota Wealth Management lifted its stake in shares of Chevron by 14.9% in the fourth quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company's stock worth $12,690,000 after acquiring an additional 10,822 shares in the last quarter. Brooklyn FI LLC acquired a new position in shares of Chevron in the third quarter worth about $431,000. New York State Teachers Retirement System increased its holdings in Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock valued at $251,606,000 after buying an additional 215,345 shares during the last quarter. Clear Trail Advisors LLC bought a new stake in Chevron in the fourth quarter valued at about $10,167,000. Finally, Finemark National Bank & Trust increased its holdings in Chevron by 40.3% in the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company's stock valued at $8,779,000 after buying an additional 16,243 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.
About Chevron
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
