Chevron (NYSE:CVX) Trading Down 3.8% – Time to Sell?

Chevron Corporation (NYSE:CVX) fell 3.8% on Wednesday . The stock traded as low as $183.14 and last traded at $185.30. 10,984,955 shares were traded during mid-day trading, a decline of 12% from the average session volume of 12,474,651 shares. The stock had previously closed at $192.64.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is expanding upstream activity with a new exploration push south of Malta, which supports longer‑term production optionality and growth prospects. Chevron expands Mediterranean activities with exploration offshore Malta
• Positive Sentiment: Analyst and investor interest remains: coverage and bullish notes (including an RBC reaffirmation cited in market reports) and recent commentary highlighting strong capital returns have supported CVX’s rally prior to today’s pullback. Chevron Corporation (CVX) Rallies as Oil Prices Surge and Capital Returns Impress
• Neutral Sentiment: President Trump met with Chevron and Exxon executives to discuss Venezuela — a meeting that could signal potential policy engagement or future access to Venezuelan barrels, but outcomes and timing are uncertain. Investors should watch for any follow‑up on sanctions or contracts. Trump met with Chevron and ExxonMobil on Tuesday to discuss Venezuela
• Neutral Sentiment: Legislative proposals like the Offshore Parity Act (H.R.8542) could change leasing/royalty regimes in parts of the Gulf — a structural regulatory risk/opportunity that is still speculative and would take time to affect operations. New Bill: Representative Mike Ezell introduces H.R. 8542: Offshore Parity Act of 2026
• Negative Sentiment: Macro headlines around a possible U.S.–Iran peace deal and signs the Strait of Hormuz tensions might ease sent oil prices sharply lower this morning, prompting broad selling of oil majors including Chevron. Lower crude directly reduces near‑term revenue and earnings visibility. Major Oil Stocks Plunge as U.S.-Iran Peace Talks Send Crude Prices Tumbling
• Negative Sentiment: Market commentary and coverage (Barron’s, Bloomberg) note investors are pricing an end to the Iran-related risk premium — that trend is weighing on oil sector multiples and has driven today’s decline in CVX despite its strong Q1 results. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CVX. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Tuesday, February 17th. Tudor Pickering upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research note on Thursday, April 9th. Barclays raised their price target on shares of Chevron from $180.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Monday. Morgan Stanley raised their price target on shares of Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $216.00 price target on shares of Chevron in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and a consensus target price of $202.70.

Chevron Trading Down 3.8%

The stock has a market cap of $369.17 billion, a P/E ratio of 32.11, a PEG ratio of 0.71 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The business’s 50 day simple moving average is $193.26 and its 200 day simple moving average is $171.64.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 7.01%. The firm had revenue of $48.61 billion during the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter last year, the company earned $2.18 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that Chevron Corporation will post 14.16 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is currently 123.40%.

Insider Transactions at Chevron

In other news, insider Andrew Benjamin Walz sold 11,600 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total value of $2,187,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 621,439 shares of company stock worth $118,307,800. 0.56% of the stock is owned by company insiders.

Institutional Trading of Chevron

Hedge funds and other institutional investors have recently made changes to their positions in the business. United Bank raised its position in Chevron by 7.7% in the 2nd quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after purchasing an additional 796 shares during the last quarter. Schnieders Capital Management LLC. raised its position in Chevron by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares during the last quarter. BNP Paribas raised its position in Chevron by 76.4% in the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 191 shares during the last quarter. Osterweis Capital Management Inc. raised its position in Chevron by 678.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its position in Chevron by 3.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 553 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

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.