FY2026 EPS Estimates for Chevron Lifted by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Analysts at Erste Group Bank upped their FY2026 EPS estimates for Chevron in a research report issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will earn $7.46 per share for the year, up from their previous forecast of $6.75. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share.

Several other equities research analysts also recently issued reports on CVX. Bank of America increased their target price on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. TD Cowen boosted their price objective on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Sanford C. Bernstein raised their target price on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company increased their price target on shares of Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron has a consensus rating of “Hold” and a consensus price target of $184.77.

Chevron Stock Performance

Shares of CVX stock opened at $207.81 on Friday. The firm’s 50 day moving average is $184.62 and its 200 day moving average is $164.74. The stock has a market capitalization of $414.67 billion, a P/E ratio of 31.20, a PEG ratio of 1.90 and a beta of 0.67. Chevron has a 12 month low of $132.04 and a 12 month high of $209.79. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm 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 company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business earned $2.06 earnings per share.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is 106.91%.

Insider Activity

In other news, insider Alana K. Knowles sold 2,408 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total transaction of $441,338.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,099,397 shares of company stock worth $196,196,468. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Chevron

A number of hedge funds have recently made changes to their positions in the business. Perigon Wealth Management LLC boosted its stake in shares of Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after buying an additional 11,875 shares during the last quarter. Brooklyn FI LLC purchased a new stake in Chevron in the 3rd quarter worth approximately $431,000. New York State Teachers Retirement System grew its stake in shares of Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after purchasing an additional 215,345 shares during the period. Finemark National Bank & Trust increased its holdings in shares of Chevron by 40.3% during the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after purchasing an additional 16,243 shares in the last quarter. Finally, Pictet North America Advisors SA acquired a new position in shares of Chevron in the 3rd quarter valued at $5,662,000. 72.42% of the stock is currently owned by institutional investors.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Bernstein raised Chevron’s price target, citing a stronger crude backdrop that supports higher valuation and near-term earnings. Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2027 EPS estimates for CVX, signaling analyst confidence in higher future earnings as the market rally continues. Erste raises FY2027 EPS
• Positive Sentiment: Multiple industry pieces highlight Chevron’s resilience — low breakeven costs, strong balance sheet and an attractive dividend — framing CVX as a winner whether oil stays high or later falls. TheStreet: Surging Chevron stock
• Neutral Sentiment: Brokerages maintain a consensus “Hold” on CVX, indicating mixed short-term sentiment despite bullish headlines. Consensus Hold
• Neutral Sentiment: Chevron updated board bylaws after the Hess acquisition—corporate governance housekeeping that supports integration but is unlikely to move the stock materially on its own. Board bylaws update
• Negative Sentiment: Cyclone-related outages at Chevron’s Australian Gorgon and Wheatstone gas facilities are disrupting production and could weigh on near-term volumes and revenue until restored. Reuters: Australian outage
• Negative Sentiment: Legislative risk: a proposed “Big Oil Windfall Profits Tax” bill could impose sizable excise taxes on large producers (including CVX) if enacted, creating policy uncertainty. QuiverQuant: Windfall profits tax bill

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.