Chevron (NYSE:CVX) Stock Price Up 3.5% – Should You Buy?

Posted by Brian Himes on Jul 7th, 2026

Chevron Corporation (NYSE:CVX – Get Free Report) shares traded up 3.5% during mid-day trading on Tuesday . The company traded as high as $174.61 and last traded at $173.9590. 8,936,202 shares traded hands during trading, a decline of 23% from the average daily volume of 11,636,326 shares. The stock had previously closed at $168.10.

Wall Street Analysts Forecast Growth

CVX has been the topic of several recent analyst reports. Piper Sandler raised their price target on shares of Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Citigroup upped their target price on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Barclays boosted their price target on Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. The Goldman Sachs Group restated a “buy” rating and set a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. Finally, Weiss Ratings lowered Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Nineteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.71.

Check Out Our Latest Analysis on Chevron

Chevron Stock Performance

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 company has a market cap of $346.46 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 0.57 and a beta of 0.50. The business has a fifty day simple moving average of $183.31 and a two-hundred day simple moving average of $180.61.

Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same period last year, the business posted $2.18 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that Chevron Corporation will post 15.52 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were paid a $1.78 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 4.1%. Chevron’s dividend payout ratio (DPR) is 123.40%.

Insider Activity at Chevron

In related news, 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 value of $73,416,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Chevron

Hedge funds have recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron during the first quarter worth about $25,000. Core Wealth Advisors LLC purchased a new position in Chevron during the 4th quarter worth approximately $26,000. Phillip James Consulting Co. purchased a new position in Chevron during the 4th quarter worth approximately $26,000. Basso Capital Management L.P. acquired a new stake in Chevron during the 4th quarter valued at approximately $27,000. Finally, Karpus Management Inc. acquired a new stake in Chevron during the 4th quarter valued at approximately $27,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Company Profile

(Get Free Report)

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.