Chevron Corporation (NYSE:CVX) Sees Large Decline in Short Interest

Chevron Corporation (NYSE:CVX) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 21,018,699 shares, a decrease of 14.5% from the March 15th total of 24,588,806 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 15,573,164 shares, the short-interest ratio is currently 1.3 days.

Chevron Price Performance

NYSE:CVX traded down $4.07 during trading hours on Friday, reaching $184.08. 15,686,677 shares of the company’s stock were exchanged, compared to its average volume of 13,026,872. The company has a market capitalization of $366.74 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 1.18 and a beta of 0.60. Chevron has a 12 month low of $132.33 and a 12 month high of $214.71. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The business’s 50-day simple moving average is $192.28 and its two-hundred day simple moving average is $168.77.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same period last year, the firm posted $2.06 earnings per share. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Sell-side analysts expect that Chevron will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is currently 106.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Argus set a $203.00 price objective on shares of Chevron in a research note on Tuesday, February 3rd. TD Cowen dropped their price target on shares of Chevron from $214.00 to $204.00 and set a “hold” rating on the stock in a research note on Monday. Bank of America raised 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. Royal Bank Of Canada raised their price target on shares of Chevron from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Piper Sandler raised their price target on shares of Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.21.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts and commentators highlight Chevron’s strong financial position — called “elite” alongside Exxon — which supports resilience through shocks and underpins dividend safety and buybacks. 3 Battle‑Tested Energy Stocks With the Balance Sheets to Handle the Next Iran‑Driven Shock
• Positive Sentiment: RBC lifted Chevron’s price target as its commodity outlook improved — a vote of confidence that can support the stock if energy prices stay elevated. Chevron (CVX) price target lifted by RBC as commodity view improves
• Positive Sentiment: Multiple income-focused pieces highlight Chevron as a high-yield, dividend-rich holding (including note that early investors now see a ~12% yield on their cost basis), making CVX attractive to yield-seeking investors. Early Chevron stock investors now earn 12.1% dividend yield
• Positive Sentiment: Options research and buy‑the‑dip commentary recommend accumulation strategies, signaling retail/options traders may step in on weakness. Why Bulls Should Buy the Dip on Chevron Stock
• Neutral Sentiment: Peer comparisons (Petrobras vs. Chevron) note PBR’s stronger near-term growth profile and cheaper valuation, which could divert growth-focused flows away from CVX. Petrobras & Chevron: Which Energy Major Should You Pick?
• Negative Sentiment: Fears easing around the Iran war (reports suggesting “the Iran War is over”) have reduced the immediate geopolitical premium in oil — a key reason cited for recent intraday weakness. Why Chevron Stock Dropped on Friday
• Negative Sentiment: An analyst downgrade was reported as a direct catalyst for recent declines, pressuring sentiment despite fundamentals. Chevron (NYSE:CVX) Stock Price Down 2.5% on Analyst Downgrade
• Negative Sentiment: Some coverage flags execution and timing risk from Chevron’s large Hess acquisition and expanded Venezuela heavy‑oil exposure — moves that boost long‑term reserves but introduce project, financing and political risk. Did Chevron’s Big Acquisition Happen at the Perfect Time?

Insider Buying and Selling

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the transaction, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 22,200 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the completion of the transaction, the insider directly owned 666 shares of the company’s stock, valued at approximately $117,568.98. The trade was a 97.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 779,407 shares of company stock worth $145,972,971 over the last quarter. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Chevron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVX. Vanguard Group Inc. lifted its stake 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 valued at $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. State Street Corp lifted its stake in shares of Chevron by 9.1% in 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 purchasing an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc lifted its stake in shares of Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after purchasing an additional 8,091,570 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Chevron by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock valued at $6,620,187,000 after purchasing an additional 134,890 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Chevron by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock valued at $5,492,377,000 after purchasing an additional 961,341 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

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.