FY2027 EPS Estimates for Chevron Raised by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Equities research analysts at Erste Group Bank increased their FY2027 EPS estimates for Chevron in a research note issued to investors on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings per share of $12.50 for the year, up from their previous forecast of $12.21. The consensus estimate for Chevron’s current full-year earnings is $15.74 per share.

CVX has been the subject of several other reports. Bank of America raised their price objective on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings downgraded shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Piper Sandler raised their price objective on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Citigroup raised their price objective on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, UBS Group raised their price objective on shares of Chevron from $218.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.70.

Chevron Trading Up 1.7%

Shares of CVX stock opened at $189.89 on Thursday. The firm has a 50 day moving average price of $189.38 and a two-hundred day moving average price of $177.75. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $378.19 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 0.62 and a beta of 0.48. Chevron has a 12-month low of $142.40 and a 12-month high of $214.71.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.41. The firm 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 6.90%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $2.18 earnings per share.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 19th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Tuesday, May 19th. Chevron’s payout ratio is presently 123.40%.

Insider Buying and Selling

In other news, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction that occurred 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 directly owned 8,638 shares in the company, valued at approximately $1,842,485.40. The trade was a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 615,200 shares of company stock valued at $118,022,760. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. increased its stake in Chevron by 2.4% in the first quarter. FAS Wealth Partners Inc. now owns 47,730 shares of the oil and gas company’s stock valued at $9,875,000 after acquiring an additional 1,097 shares during the last quarter. Farmers National Bank increased its stake in Chevron by 9.0% in the first quarter. Farmers National Bank now owns 52,412 shares of the oil and gas company’s stock valued at $10,844,000 after acquiring an additional 4,347 shares during the last quarter. Wealthquest Corp increased its stake in Chevron by 1.2% in the first quarter. Wealthquest Corp now owns 5,886 shares of the oil and gas company’s stock valued at $1,218,000 after acquiring an additional 68 shares during the last quarter. Parallel Advisors LLC increased its stake in Chevron by 0.3% in the first quarter. Parallel Advisors LLC now owns 112,048 shares of the oil and gas company’s stock valued at $23,183,000 after acquiring an additional 384 shares during the last quarter. Finally, Blue Edge Capital LLC increased its stake in Chevron by 4.0% in the first quarter. Blue Edge Capital LLC now owns 3,423 shares of the oil and gas company’s stock valued at $708,000 after acquiring an additional 132 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was highlighted as one of the top oil stocks to buy as energy investors look for resilient names, with articles emphasizing its defensive cash flows and income appeal. Article Title
• Positive Sentiment: Market commentary on Chevron’s Guyana assets pointed to a combined $7.6 billion profit for ExxonMobil and Chevron last year, reinforcing the value of its low-cost production base amid geopolitical tensions. Article Title
• Positive Sentiment: Chevron was also featured in a bullish technical forecast saying momentum is improving and buyers may be regaining control as the stock approaches a breakout level. Article Title
• Positive Sentiment: Reports that Chevron is advancing a major shale project in Argentina’s Vaca Muerta basin and moving closer to approval for a $13.8 billion investment could support future production growth. Article Title
• Neutral Sentiment: Chevron continues to attract attention as a dividend stock for retirement portfolios, which supports the investment case but does not represent a new catalyst. Article Title
• Negative Sentiment: Zacks Research downgraded Chevron from strong-buy to hold, which could temper enthusiasm despite the stock’s otherwise constructive news flow. Article Title

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.