Chevron (NYSE:CVX) Cut to “Strong Sell” at Freedom Capital

Freedom Capital cut shares of Chevron (NYSE:CVX) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on CVX. Scotiabank lifted their target price on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Barclays decreased their price target on Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Piper Sandler lowered their price objective on Chevron from $171.00 to $169.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Sanford C. Bernstein upped their target price on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $167.14.

Chevron Trading Up 2.6%

CVX opened at $159.27 on Tuesday. Chevron has a 1-year low of $132.04 and a 1-year high of $168.96. The stock has a market capitalization of $320.70 billion, a PE ratio of 22.40, a PEG ratio of 9.72 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $152.22 and a two-hundred day moving average price of $153.31.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. During the same period in the prior year, the firm earned $2.48 earnings per share. Chevron’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, November 18th. Chevron’s payout ratio is presently 96.20%.

Insider Buying and Selling

In related news, insider Alana K. Knowles sold 7,956 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $1,313,137.80. Following the sale, the insider directly owned 1,207 shares in the company, valued at $199,215.35. This trade represents a 86.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the transaction, the director owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 631,990 shares of company stock valued at $99,716,808. Insiders own 0.21% of the company’s stock.

Institutional Trading of Chevron

A number of large investors have recently made changes to their positions in CVX. Quaker Wealth Management LLC increased its holdings in shares of Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 439 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Chevron in the 3rd quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC increased its stake in Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares in the last quarter. IMG Wealth Management Inc. raised its holdings in Chevron by 52.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after buying an additional 91 shares during the period. Finally, Marquette Asset Management LLC bought a new position in Chevron in the third quarter valued at approximately $41,000. Institutional investors own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third-party sales — a direct path to increased volumes and earnings if approved. Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say
• Positive Sentiment: Shipping data indicate Chevron is loading Venezuelan crude at the fastest pace in months and has contracted multiple tankers — evidence it can scale flows quickly if the license expands. Chevron Is Loading Venezuela Oil Onto Tankers at the Fastest Pace in Months
• Positive Sentiment: Chevron will meet with President Trump alongside other majors to discuss rebuilding Venezuela’s oil sector — a sign of potential political support that could unlock investment opportunities. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Positive Sentiment: Reports say Chevron and Quantum Energy Partners are lining up a bid for $22B of Lukoil’s international assets — a potential reserve/production lift and strategic international expansion. Chevron, Quantum Energy Partners line up bid for Lukoil assets
• Neutral Sentiment: Chevron is competing with traders and refiners for Venezuelan export deals — shows demand but also that margins and allocation could be contested. Chevron competes with rivals for Venezuelan oil sales, sources say
• Neutral Sentiment: U.S. Treasury commentary and FT reporting suggest the biggest oil firms may move cautiously and seek guarantees before big Venezuela investments — a timing/conditionality factor for upside. Bessent says largest oil companies are likely to move slower in Venezuela
• Neutral Sentiment: Increased retail/investor interest in energy is supporting momentum into names like Chevron, adding liquidity and short-term buying pressure. Retail traders move toward energy as momentum continues (CNBC)
• Negative Sentiment: Large insider sales disclosed (including CEO and CFO filings and other senior sales) may be interpreted as a negative signal or create near‑term selling pressure. SEC Form 4 filings — insider sales
• Negative Sentiment: An analyst trimmed CVX’s price target, reflecting some recalibration of upside after the run-up. Analyst trims Chevron price target to $179
• Negative Sentiment: Heightened political and reputational risk — public criticism from lawmakers and scrutiny over U.S. plans for Venezuela — raises regulatory and execution uncertainty. Elizabeth Warren comments on Venezuela plan

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.