Chevron (NYSE:CVX) Stock Price Down 1.3% – Here’s Why

Chevron Corporation (NYSE:CVX)’s stock price fell 1.3% on Friday . The stock traded as low as $183.20 and last traded at $185.1250. 9,520,999 shares changed hands during trading, a decline of 25% from the average session volume of 12,762,168 shares. The stock had previously closed at $187.60.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Wheatstone LNG has returned to full production after cyclone repairs, restoring output and near‑term cash flow from a major LNG asset. Chevron resumes full production at Wheatstone LNG after repairs for cyclone damage
• Positive Sentiment: Warren Buffett/institutional support narrative remains a tailwind — coverage highlights that Buffett’s stake and Chevron’s growth pipeline keep long-term investor interest strong. Deepening Growth Pipeline Sustains Warren Buffett’s Confidence In Chevron (CVX)
• Positive Sentiment: Energy sector momentum remains supportive — sector indexes showed gains recently, which can lift big integrated names like Chevron. Sector Update: Energy Stocks Rise Thursday
• Neutral Sentiment: Analysts and outlets spotlight CVX as a trending/“old economy” pick — increases visibility but not an immediate catalyst. Chevron Corporation (CVX) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Suelopetrol says it wasn’t informed of Chevron’s reported expansion in Venezuelan joint ventures — raises governance/contract uncertainty in a geopolitically sensitive region. This could delay or complicate expected production/asset gains. Suelopetrol says it has not been Informed of Chevron’s (CVX) Expansion at Venezuela Joint Venture
• Negative Sentiment: Earnings preview flags a likely decline in Q1 results, suggesting Chevron may not have the mix needed to beat near‑term estimates — this is a direct earnings risk for the stock. Earnings Preview: Chevron (CVX) Q1 Earnings Expected to Decline
• Negative Sentiment: Market commentary notes a month‑long cooldown after a >20% YTD rally for Chevron and peers — short-term momentum fading can trigger profit-taking and compress multiples. Exxon Stock and Chevron Stock Are Up 20%+ YTD – Why the Long Oil Trade Is Stalling Out

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CVX. JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. Citigroup lifted their price target on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Melius Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, February 17th. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 target price on shares of Chevron in a report on Monday, February 2nd. Finally, Jefferies Financial Group boosted their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and an average price target of $198.09.

Chevron Price Performance

The firm’s fifty day moving average price is $192.53 and its 200 day moving average price is $169.84. 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 stock has a market cap of $368.82 billion, a PE ratio of 27.80, a P/E/G ratio of 0.78 and a beta of 0.60.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities analysts expect that Chevron Corporation will post 12.49 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were given a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total value of $51,621,354.40. Following the sale, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares in the company, valued at $1,842,485.40. This represents a 82.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 779,407 shares of company stock valued at $145,972,971 in the last three months. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

Large investors have recently bought and sold shares of the business. Phillip James Consulting Co. bought a new stake in Chevron in the fourth quarter worth $26,000. Core Wealth Advisors LLC bought a new stake in Chevron in the fourth quarter worth $26,000. Karpus Management Inc. bought a new position in Chevron during the fourth quarter valued at $27,000. Basso Capital Management L.P. bought a new position in Chevron during the fourth quarter valued at $27,000. Finally, Quattro Advisors LLC bought a new position in Chevron during the fourth quarter valued at $27,000. 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.