Chevron (NYSE:CVX) Trading Down 1.9% – Here’s Why

Chevron Corporation (NYSE:CVX)’s stock price was down 1.9% during mid-day trading on Tuesday . The company traded as low as $201.96 and last traded at $206.8110. Approximately 17,257,260 shares changed hands during trading, an increase of 32% from the average daily volume of 13,111,965 shares. The stock had previously closed at $210.71.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices and a historic monthly surge support Chevron’s revenue outlook and cash flow potential, which underpins investor interest in integrated oil majors. Oil Prices Post Biggest Monthly Surge in History
• Positive Sentiment: Analysts and money managers remain constructive — J.P. Morgan reiterated a Buy thesis on CVX citing Tengizchevroil ramp‑up and free cash flow, and Berkshire’s large holding supports institutional conviction. JP Morgan / TipRanks Note
• Positive Sentiment: New upstream opportunities — a partnership with Libya’s National Oil Corporation to assess offshore potential — could add longer‑term reserve upside and investor appetite for growth. Chevron Partners With Libya’s NOC to Unlock Offshore Potential
• Neutral Sentiment: Management moves: Chevron announced senior leadership changes framed as a focus on operations and safety — could be read as governance/efficiency signaling but not an immediate earnings driver. Chevron Announces Senior Leadership Changes
• Neutral Sentiment: Company messaging highlights structural demand growth and the need for broad supply investment — supportive for industry capex over time but increases execution risk and capital allocation scrutiny. Chevron Warns Energy Demand Surge Requires Broad Supply Expansion
• Negative Sentiment: Operational hit: Chevron reported extensive damage to downstream Wheatstone LNG assets from Cyclone Narelle; the plant faces a multi‑week outage, trimming near‑term LNG volumes and adding repair costs and revenue disruption. This is the primary near‑term negative catalyst. Reuters: Wheatstone damage
• Negative Sentiment: Market uncertainty: conflicting macro headlines — geopolitical noise around Iran and commentary suggesting the oil upsurge may be topping — are increasing volatility and weighing on risk assets, pressuring CVX despite strong sector performance. TheStreet: Iran / Chevron CEO comments

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CVX. Scotiabank raised Chevron to a “hold” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Citigroup increased their price target on shares of Chevron from $179.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. HSBC raised shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $186.50.

Chevron Trading Down 1.9%

The company has a fifty day moving average of $186.41 and a two-hundred day moving average of $165.63. 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 has a market capitalization of $412.67 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.76 and a beta of 0.67.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. Chevron’s quarterly revenue was down 10.2% on a year-over-year basis. On average, research analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently declared 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. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is currently 106.91%.

Insider Transactions at Chevron

In other Chevron news, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,099,397 shares of company stock valued at $196,196,468 over the last 90 days. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Chevron

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. McAlvany Wealth Management LLC purchased a new position in Chevron in the fourth quarter valued at about $1,729,000. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Chevron during the 4th quarter worth approximately $694,000. Cornerstone Planning LLC acquired a new stake in shares of Chevron in the 4th quarter worth approximately $2,986,000. Rockefeller Capital Management L.P. grew its holdings in shares of Chevron by 13.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,456,172 shares of the oil and gas company’s stock worth $221,936,000 after acquiring an additional 167,792 shares during the period. Finally, Lane Brothers & Co. Inc. purchased a new position in Chevron in the 4th quarter valued at approximately $283,000. 72.42% of the stock is 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.