Chevron (NYSE:CVX) Stock Price Up 1.7% – Should You Buy?

Chevron Corporation (NYSE:CVX) shares traded up 1.7% during trading on Monday . The stock traded as high as $187.94 and last traded at $185.5790. 8,665,354 shares changed hands during trading, a decline of 29% from the average session volume of 12,150,462 shares. The stock had previously closed at $182.46.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices rose after Iran suspended indirect talks with the U.S. and warned that shipping through the Strait of Hormuz could be threatened if regional fighting worsens. That is bullish for Chevron because tighter oil supply and higher crude prices can lift the company’s upstream revenue and cash flow. Article Title
• Positive Sentiment: Chevron and other oil majors are benefiting from investor expectations that Middle East tensions could keep crude elevated for longer, with analysts and industry executives warning that shrinking inventories and supply disruptions could push prices higher. Article Title
• Neutral Sentiment: Recent coverage also highlighted Chevron’s production growth and portfolio expansion in Guyana and Greece, reinforcing the company’s longer-term operating strength, though these developments are less likely to drive the stock’s near-term move than the oil-price rally. Article Title
• Neutral Sentiment: Chevron’s latest earnings showed lower year-over-year profit, but production increased, suggesting underlying business momentum even as timing issues with hedges pressured results. Article Title

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen raised their price target on Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Thursday, April 9th. UBS Group raised their price target on Chevron from $218.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Mizuho raised their price target on Chevron from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.70.

Chevron Stock Performance

The firm has a market capitalization of $369.60 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 0.60 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.84. The firm has a 50 day moving average price of $192.27 and a 200-day moving average price of $175.83.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.41. The business had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $2.18 earnings per share. As a group, sell-side analysts expect that Chevron Corporation will post 15.74 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be paid a $1.78 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the sale, the director directly owned 278,045 shares in the company, valued at $53,718,294. This trade represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total value of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares in the company, valued at approximately $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 662,400 shares of company stock worth $127,090,824. 0.56% of the stock is owned by insiders.

Institutional Trading of Chevron

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Solutions Advisory Group Inc. acquired a new stake in shares of Chevron during the first quarter worth about $1,014,000. Mullaney Keating & Wright Inc. acquired a new stake in shares of Chevron during the first quarter worth about $204,000. Cozad Asset Management Inc. increased its position in shares of Chevron by 1.8% during the first quarter. Cozad Asset Management Inc. now owns 5,463 shares of the oil and gas company’s stock worth $1,130,000 after purchasing an additional 96 shares in the last quarter. Blue Fin Capital Inc. increased its position in shares of Chevron by 10.2% during the first quarter. Blue Fin Capital Inc. now owns 7,047 shares of the oil and gas company’s stock worth $1,458,000 after purchasing an additional 652 shares in the last quarter. Finally, Carlson Capital L.P. increased its position in shares of Chevron by 33.8% during the first quarter. Carlson Capital L.P. now owns 12,713 shares of the oil and gas company’s stock worth $2,630,000 after purchasing an additional 3,213 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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.