Erste Group Bank Predicts Increased Earnings for Chevron

Chevron Corporation (NYSE:CVX) – Stock analysts at Erste Group Bank lifted their FY2026 earnings per share (EPS) estimates for shares of Chevron in a research report issued to clients and investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings of $7.46 per share for the year, up from their previous forecast of $6.75. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share.

Other equities analysts also recently issued research reports about the stock. UBS Group reaffirmed a “buy” rating and set a $212.00 price target on shares of Chevron in a research note on Monday, February 2nd. Jefferies Financial Group boosted their price objective on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Wells Fargo & Company upped their price objective on Chevron from $196.00 to $204.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Scotiabank reaffirmed a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a research report on Friday, January 16th. Finally, Piper Sandler lifted their target price on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $186.50.

Chevron Price Performance

Chevron stock opened at $211.31 on Friday. Chevron has a 1 year low of $132.04 and a 1 year high of $212.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a 50 day moving average price of $185.52 and a 200 day moving average price of $165.21. The company has a market cap of $421.64 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.76 and a beta of 0.67.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the prior year, the company posted $2.06 EPS. The company’s quarterly revenue was down 10.2% compared to the same quarter last year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This is an increase from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, February 17th. Chevron’s payout ratio is presently 106.91%.

Insider Activity at Chevron

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alana K. Knowles sold 2,408 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $183.28, for a total transaction of $441,338.24. The disclosure for this sale is available in the SEC filing. Insiders sold 1,099,397 shares of company stock valued at $196,196,468 over the last quarter. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. United Bank lifted its position in shares of Chevron by 7.7% during the second 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 in the last quarter. Schnieders Capital Management LLC. grew its holdings in Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after purchasing an additional 4,214 shares in the last quarter. Richmond Investment Services LLC acquired a new stake in Chevron during the 2nd quarter valued at $266,000. Maia Wealth LLC increased its stake in Chevron by 49.5% during the 2nd quarter. Maia Wealth LLC now owns 5,892 shares of the oil and gas company’s stock worth $844,000 after buying an additional 1,950 shares during the period. Finally, Te Ahumairangi Investment Management Ltd increased its stake in Chevron by 14.9% during the 2nd quarter. Te Ahumairangi Investment Management Ltd now owns 17,929 shares of the oil and gas company’s stock worth $2,567,000 after buying an additional 2,330 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Australian cyclone knocked out production at major LNG hubs, tightening global gas supply and supporting higher energy prices, a tailwind for Chevron’s commodity-linked cash flow. Cyclone Causes Outages at Australia’s Top LNG Projects
• Positive Sentiment: Morgan Stanley raised its price target to $212 and set an “overweight” rating, signaling buy-side support and helping push CVX higher. Benzinga: Morgan Stanley price target
• Positive Sentiment: Bernstein also lifted its price target on Chevron amid a stronger crude backdrop, reinforcing the narrative that majors benefit from the current oil rally. MSN: Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2026/FY2027 EPS forecasts for Chevron, reflecting better-than-expected earnings power as oil prices stay elevated. MarketBeat: Erste Group EPS revisions
• Positive Sentiment: Market positioning has shifted to defensive, dividend-paying sectors; several market roundups note oil majors including CVX outperforming amid geopolitical risk. Seeking Alpha: Market shifts to defense
• Positive Sentiment: Multiple outlets and analysts praise Chevron’s low breakeven, high-quality asset base and dividend profile, which supports momentum and income-focused buying. Zacks: Chevron momentum
• Neutral Sentiment: Chevron reported production outages at its Australian Gorgon and Wheatstone facilities tied to the cyclone — positive for global price signals but a near-term hit to CVX production, leaving the net impact mixed. Reuters: Chevron outage
• Neutral Sentiment: Consensus brokerage coverage remains around “hold” even as some firms raise targets — suggests upside is recognized but some caution persists. AmericanBankingNews: Consensus hold
• Negative Sentiment: Political/insider optics: a U.S. Representative who publicly backed military action sold Chevron stock at all-time highs, drawing negative headlines and governance/PR risk. Benzinga: Congressman sold Chevron stock
• Negative Sentiment: Analyst commentary raises macro risk scenarios (e.g., high oil in $130–$140 range) that could hurt economic growth and introduce volatility—even if commodity-linked cash flows initially rise. Seeking Alpha: $130-$140 oil risks

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.