Erste Group Bank Increases Earnings Estimates for Chevron

Chevron Corporation (NYSE:CVX) – Stock analysts at Erste Group Bank boosted their FY2027 EPS estimates for shares of Chevron in a research note issued on Tuesday, May 5th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings per share of $11.89 for the year, up from their prior estimate of $11.55. The consensus estimate for Chevron’s current full-year earnings is $14.91 per share.

Chevron (NYSE:CVX) last released 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 company had revenue of $47.56 billion during the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 7.01%. Chevron’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS.

CVX has been the subject of a number of other reports. Argus set a $203.00 price target on Chevron in a report on Tuesday, February 3rd. TD Cowen lifted their price target on shares of Chevron from $204.00 to $205.00 and gave the company a “hold” rating in a research report on Friday. Bank of America boosted their price target on shares of Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a report on Tuesday, January 20th. Finally, Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.74.

Chevron Trading Down 0.7%

Shares of Chevron stock opened at $181.24 on Friday. Chevron has a fifty-two week low of $133.77 and a fifty-two week high of $214.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a market capitalization of $361.09 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 0.65 and a beta of 0.51. The stock has a 50 day moving average of $193.21 and a 200 day moving average of $172.09.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio is currently 123.40%.

Insiders Place Their Bets

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total transaction of $2,187,528.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alana K. Knowles sold 2,408 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total value of $441,338.24. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 621,439 shares of company stock worth $118,307,800. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after buying an additional 27,961,463 shares during the period. Norges Bank purchased a new position in shares of Chevron in the 4th quarter valued at $3,727,586,000. State Street Corp lifted its holdings in shares of Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after acquiring an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc boosted its position in Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the period. Finally, Primecap Management Co. CA purchased a new position in Chevron in the third quarter valued at about $988,083,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for Chevron to $11.89 (from $11.55), signaling stronger near‑term earnings expectations that support the stock. MarketBeat Chevron Profile
• Positive Sentiment: Goldman Sachs bumped its price target to $216 and reiterated a Buy rating, reinforcing buy-side confidence and providing a catalyst for upside. Is Chevron (CVX) One of the Best Value Stocks to Buy in 2026 According to Warren Buffett?
• Positive Sentiment: Chevron reported a Q1 adjusted EPS beat ( $1.41 vs. $0.97 consensus), which validates cash‑flow resilience despite revenue miss — a bullish signal for dividends and buybacks. Chevron (CVX) Reports Q1 EPS Beat
• Positive Sentiment: California Energy Commission data showed refinery margins topping $1/gal in March with Chevron reportedly at ~$1.11/gal — a near‑term boost to downstream profitability and cash flow. CA Oil Refiners’ Margins Top $1 Per Gallon In March
• Positive Sentiment: Royal Bank of Canada assigned an “Outperform” rating, adding institutional endorsement to the positive analyst momentum. Chevron Earns Outperform From RBC
• Neutral Sentiment: President Trump met with Chevron and Exxon to discuss Venezuela, a development that could open geopolitical/operational avenues but carries implementation uncertainty. Trump met with Chevron and ExxonMobil to discuss Venezuela
• Neutral Sentiment: Chevron is publicly weighing Strait of Hormuz supply‑risk scenarios vs. expansion (Malta exploration) and maintaining dividends — a mix of longer‑term upside and short‑term volatility. Chevron Weighs Hormuz Supply Strains Against Malta Exploration And Dividends
• Negative Sentiment: Broader energy weakness: oil prices tumbled on reports of U.S.–Iran peace‑talk optimism, triggering a selloff in major oil names that pressured Chevron shares in intraday trading. That commodity sensitivity caps upside. Major Oil Stocks Plunge as U.S.-Iran Peace Talks Send Crude Prices Tumbling
• Negative Sentiment: Legislative risk: H.R. 8542 (Offshore Parity Act) would shift some offshore leasing authority to Gulf states, which could change royalty/rental regimes and operating terms for Gulf operators like Chevron if enacted. New Bill: Offshore Parity Act of 2026

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.