Chevron (NYSE:CVX) Stock Price Up 1.1% – Time to Buy?

Posted by Brian Himes on Jul 16th, 2026

Chevron Corporation (NYSE:CVX – Get Free Report) shares rose 1.1% during trading on Thursday . The stock traded as high as $184.83 and last traded at $183.6860. 6,156,601 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 11,424,254 shares. The stock had previously closed at $181.60.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron is expected to sign accords with Iraq that would advance investments in major oil fields, including West Qurna 2 and Nassiriya, signaling a potential growth path for future output and reserves. Chevron to sign MOUs with Iraq for West Qurna 2 and Nassiriya oilfields
Positive Sentiment: The company is also exploring a new Iraqi oil pipeline to reduce dependence on the Strait of Hormuz, which could lower geopolitical shipping risk and support more reliable exports if tensions in the region persist. Chevron weighs new Iraqi oil pipeline to avoid Strait of Hormuz during Iran war
Positive Sentiment: Chevron’s stock is also getting a mild lift from broader strength in the energy sector, which rose on the day. Sector Update: Energy Stocks Rise Thursday Afternoon
Neutral Sentiment: Recent commentary highlighted Chevron as a dividend name and noted some analysts remain cautious, including TD Cowen’s Hold rating and lower price target, which may temper enthusiasm. Chevron Corporation (CVX) A Top Dividend Stock to Invest in According to Jim Simons’ Renaissance Technologies

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CVX shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 price target on shares of Chevron in a research report on Tuesday, May 5th. BNP Paribas Exane upgraded shares of Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price objective on the stock in a research note on Friday, April 17th. TD Cowen upped their price objective on shares of Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Scotiabank increased their target price on shares of Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company raised their target price on shares of Chevron from $204.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Nineteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average target price of $206.83.

Check Out Our Latest Report on Chevron

Chevron Trading Up 1.1%

The business has a 50 day simple moving average of $181.39 and a 200-day simple moving average of $182.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The stock has a market capitalization of $365.83 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 0.64 and a beta of 0.50.

Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings results 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. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same period last year, the firm earned $2.18 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that Chevron Corporation will post 14.75 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron’s payout ratio is presently 123.40%.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Chevron

Several large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Chevron during the fourth quarter valued at approximately $3,727,586,000. State Street Corp grew its position in Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc grew its position in Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after buying an additional 8,091,570 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Chevron by 822.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,211,258 shares of the oil and gas company’s stock valued at $946,658,000 after buying an additional 5,537,580 shares in the last quarter. Finally, Aristotle Capital Management LLC increased its holdings in shares of Chevron by 653.0% in the first quarter. Aristotle Capital Management LLC now owns 4,526,223 shares of the oil and gas company’s stock valued at $936,492,000 after buying an additional 3,925,137 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

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.