Erste Group Bank Increases Earnings Estimates for Chevron

Chevron Corporation (NYSE:CVX) – Equities research analysts at Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for shares of Chevron in a research note issued on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings of $16.09 per share for the year, up from their prior estimate of $15.94. The consensus estimate for Chevron’s current full-year earnings is $16.51 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $13.52 EPS.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The business had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The firm’s quarterly revenue was up 57.4% on a year-over-year basis.

Other analysts have also issued research reports about the stock. Bank of America upped their target price on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. TD Cowen boosted their price target on shares of Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. Zacks Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Morgan Stanley lifted their price objective on Chevron from $210.00 to $218.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.35.

Chevron Price Performance

CVX stock opened at $203.76 on Tuesday. The firm has a 50 day moving average of $199.83 and a 200-day moving average of $191.85. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. Chevron has a 12 month low of $146.49 and a 12 month high of $217.78. The firm has a market capitalization of $402.58 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. Chevron’s dividend payout ratio is presently 68.26%.

Insider Activity at Chevron

In related news, insider R. Pate sold 2,470 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,152,582 shares of company stock worth $225,853,661 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Chevron

A number of large investors have recently modified their holdings of CVX. Security National Bank of Sioux City Iowa IA bought a new stake in Chevron in the 2nd quarter worth approximately $130,000. Bullseye Investment Management LLC bought a new position in Chevron during the second quarter valued at approximately $255,000. Keystone Financial Planning Inc. grew its position in Chevron by 228.8% during the second quarter. Keystone Financial Planning Inc. now owns 81,844 shares of the oil and gas company’s stock valued at $13,566,000 after acquiring an additional 56,954 shares during the last quarter. Rench Wealth Management Inc. raised its stake in shares of Chevron by 0.8% during the second quarter. Rench Wealth Management Inc. now owns 33,778 shares of the oil and gas company’s stock worth $5,599,000 after acquiring an additional 252 shares in the last quarter. Finally, Miramontes Capital LLC lifted its holdings in shares of Chevron by 3.9% in the 2nd quarter. Miramontes Capital LLC now owns 15,410 shares of the oil and gas company’s stock worth $2,554,000 after acquiring an additional 581 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Analysts raised earnings estimates. Erste Group Bank increased its Chevron EPS forecasts to $16.09 for fiscal 2026 and $13.52 for fiscal 2027, modestly improving its outlook for the company. Chevron analyst earnings estimates
• Positive Sentiment: Venezuela operations could support production growth. Chevron plans to more than double the number of rigs it operates in Venezuela over the next five years. Increasing Venezuelan oil imports and Chevron’s position in the country could provide additional production and feedstock opportunities, subject to U.S. policy and operating conditions. Chevron expands Venezuela drilling
• Positive Sentiment: Chevron is emphasizing LNG growth. Management’s increased focus on liquefied natural gas reflects expectations for rising global demand and offers longer-term diversification beyond crude oil. Chevron and ExxonMobil LNG strategy
• Neutral Sentiment: Chevron plans to drill more wells next year. The exploration and production expansion could lift future output, but it may also require higher capital spending and depends on commodity prices. Chevron plans more wells
• Negative Sentiment: Lower oil prices are the primary near-term pressure. The decline in crude prices is weighing on the outlook for Chevron’s upstream earnings and appears to be the main reason the stock has decreased even as major market indexes advanced. Why Chevron stock is falling

Chevron Company Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.