Chevron (NYSE:CVX) Stock Price Down 2.1% – Here’s Why

Chevron Corporation (NYSE:CVX) shares fell 2.1% during mid-day trading on Wednesday . The stock traded as low as $186.27 and last traded at $186.4830. 8,176,315 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 11,067,424 shares. The stock had previously closed at $190.40.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is being highlighted among S&P 500 companies expected to generate the most free cash flow this year, supporting its ability to fund dividends, buybacks and debt reduction. 9 Stocks’ Cash Flow Seen Blowing The Doors Off The S&P 500
• Positive Sentiment: Recent second-quarter results showed revenue of approximately $70.1 billion and net income of $12.1 billion, helped by higher production, cost reductions and elevated refining margins. Chevron maintained its $1.78 quarterly dividend. Should Chevron’s War-Boosted Margins and Cash Flows Prompt a Portfolio Rethink?
• Positive Sentiment: TD Cowen raised its Chevron price target from $200 to $205 while maintaining a Hold rating, implying additional upside based on the cited reference price. Bernstein and Barclays analysts also reportedly expect the stock to rise. TD Cowen Raises Chevron Price Target
• Neutral Sentiment: CEO Mike Wirth said Chevron is evaluating a pipeline route through Iraq toward Syria or Turkey to bypass the Strait of Hormuz. The project could improve future logistics resilience, but it remains exploratory and carries substantial geopolitical and execution risks. Chevron CEO Evaluates New Pipeline Route Around Strait of Hormuz
• Negative Sentiment: President Donald Trump criticized Chevron and ExxonMobil for earning “too much money” during the Iran-related energy shock and urged them to reduce retail fuel prices or return some profits to the public. The comments raise policy, reputational and potential margin risks, although refiners say they have limited ability to quickly increase fuel supply. Trump Rips Exxon, Chevron for Making Too Much Money
• Negative Sentiment: The political backlash could intensify if gasoline prices remain elevated, potentially prompting calls for price controls, windfall-profit measures or other intervention. That risk appears to be offsetting some of the benefit from Chevron’s earnings and cash-flow strength.

Wall Street Analysts Forecast Growth

CVX has been the subject of several recent research reports. Zacks Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Morgan Stanley decreased their price target on shares of Chevron from $214.00 to $210.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Weiss Ratings cut Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. UBS Group reiterated a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein raised their price objective on Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research note on Monday. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.48.

Chevron Trading Down 2.1%

The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market cap of $371.40 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 0.60 and a beta of 0.49. The company has a fifty day simple moving average of $182.09 and a 200-day simple moving average of $185.49.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.14%. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period last year, the company posted $1.77 earnings per share. On average, research analysts forecast that Chevron Corporation will post 15.66 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Insiders Place Their Bets

In other news, Director John B. Hess sold 380,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares in the company, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

Institutional investors have recently bought and sold shares of the business. Cornerstone Advisory LLC grew its position in Chevron by 0.9% during the first quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company’s stock valued at $1,164,000 after purchasing an additional 52 shares in the last quarter. Compton Financial Group LLC raised its holdings in Chevron by 1.9% during the first quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company’s stock valued at $609,000 after buying an additional 56 shares in the last quarter. Quantum Portfolio Management LLC lifted its holdings in Chevron by 2.7% in the 1st quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company’s stock worth $435,000 after purchasing an additional 56 shares during the last quarter. Wealthspire Retirement LLC boosted its holdings in shares of Chevron by 0.9% during the 1st quarter. Wealthspire Retirement LLC now owns 6,530 shares of the oil and gas company’s stock worth $1,351,000 after buying an additional 56 shares during the period. Finally, D.B. Root & Company LLC boosted its holdings in Chevron by 1.0% during the fourth quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock valued at $846,000 after acquiring an additional 57 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Company Profile

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.