Chevron (NYSE:CVX) Shares Down 1.6% – Time to Sell?

Posted by Brian Himes on Oct 29th, 2026

Chevron Corporation (NYSE:CVX – Get Free Report)’s stock price traded down 1.6% during mid-day trading on Tuesday. The company traded as low as $227.63 and last traded at $228.1840. 6,429,134 shares were traded during trading, a decline of 38% from the average session volume of 10,331,153 shares. The stock had previously closed at $232.01.

Key Chevron News

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Earnings optimism is the main near-term catalyst. Chevron is scheduled to report before the market opens on October 30. Analysts expect approximately $4.83 in earnings per share and $61.65 billion in revenue, while several previews suggest higher oil prices could help the company beat estimates. Options activity also points to the potential for a post-earnings rally. Oil earnings expectations
Positive Sentiment: Higher crude prices are supporting cash-flow expectations. Brent crude has recently traded around $104-$114 per barrel, improving the outlook for upstream earnings, shareholder returns and dividend coverage. Investors will focus on how much of the oil-price windfall Chevron returns through dividends and buybacks. Chevron oil-spike cash-flow report
Positive Sentiment: Production and exploration developments are favorable. Recent coverage highlights strong production, Hess-related synergies and improved cash flow. TotalEnergies is also taking a 25% interest in 26 Chevron-operated U.S. Gulf exploration leases, while Chevron is acquiring a 75% operated interest in two adjacent leases. Chevron additionally reported a high-quality offshore gas discovery in Egypt, potentially expanding its resource base. TotalEnergies offshore lease transaction
Neutral Sentiment: Valuation and dividend sustainability remain key questions. Chevron has significantly outperformed over the past year, and some analysts argue the share price assumes oil prices remain elevated. Friday’s results and guidance will determine whether current valuation levels are supported by durable cash generation. Chevron earnings valuation preview
Negative Sentiment: Security concerns caused Chevron executives to cancel travel to the ADIPEC conference in the UAE. The move underscores heightened Middle East geopolitical risk, although it does not currently indicate a direct operational disruption. Chevron cancels ADIPEC executive trip

Analyst Ratings Changes

Several equities analysts have commented on the stock. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Chevron from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 16th. Royal Bank Of Canada upped their target price on Chevron from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Wells Fargo & Company boosted their price target on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley upped their price objective on Chevron from $218.00 to $226.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.96.

Check Out Our Latest Report on Chevron

Chevron Trading Up 0.7%

The business has a fifty day simple moving average of $212.05 and a 200-day simple moving average of $192.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a market cap of $455.84 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.55 and a beta of 0.53.

Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period last year, the firm posted $1.77 earnings per share. As a group, equities analysts forecast that Chevron Corporation will post 18.20 earnings per share for the current fiscal year.

Insider Buying and Selling at Chevron

In other Chevron news, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. This represents a 99.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael K. Wirth sold 317,100 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,195,682 shares of company stock valued at $235,619,780 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Chevron

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Chevron during the 2nd quarter worth about $25,663,729,000. Bank of New York Mellon Corp acquired a new position in Chevron in the second quarter valued at approximately $2,378,114,000. Legal & General Group Plc bought a new position in shares of Chevron during the 2nd quarter worth approximately $1,462,412,000. Deutsche Bank AG bought a new position in shares of Chevron during the 2nd quarter worth approximately $1,189,577,000. Finally, State Street Corp grew its position in shares of Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after buying an additional 5,998,852 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Company Profile

(Get Free Report)

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.