Erste Group Bank Raises Earnings Estimates for Chevron

Chevron Corporation (NYSE:CVX) – Erste Group Bank increased their FY2026 earnings per share (EPS) estimates for Chevron in a research report issued to clients and investors on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will earn $14.68 per share for the year, up from their previous forecast of $13.52. The consensus estimate for Chevron’s current full-year earnings is $15.74 per share.

Other equities research analysts also recently issued reports about the company. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Tuesday, February 17th. Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a report on Thursday, April 9th. The Goldman Sachs Group reissued a “buy” rating and issued a $216.00 target price on shares of Chevron in a report on Wednesday, May 6th. Scotiabank boosted their target price on Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, TD Cowen boosted their target price on Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Eighteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.70.

Chevron Trading Down 2.1%

Chevron stock opened at $185.81 on Friday. 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 business’s fifty day simple moving average is $188.96 and its two-hundred day simple moving average is $178.00. Chevron has a 12 month low of $142.40 and a 12 month high of $214.71. The company has a market capitalization of $370.05 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 0.63 and a beta of 0.48.

Chevron (NYSE:CVX) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same period in the previous year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, May 19th. Chevron’s dividend payout ratio (DPR) is presently 123.40%.

Insider Transactions at Chevron

In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $213.30, for a total value of $8,574,660.00. Following the transaction, the insider owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. This represents a 82.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Hess sold 380,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the completion of the transaction, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. This represents a 57.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 615,200 shares of company stock worth $118,022,760. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Dakota Wealth Management raised its stake in Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after purchasing an additional 10,822 shares during the period. Brooklyn FI LLC bought a new stake in Chevron during the 3rd quarter valued at approximately $431,000. Clear Trail Advisors LLC bought a new stake in Chevron during the 4th quarter valued at approximately $10,167,000. Finemark National Bank & Trust raised its stake in Chevron by 40.3% during the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after purchasing an additional 16,243 shares during the period. Finally, Curtis Advisory Group LLC bought a new stake in Chevron during the 4th quarter valued at approximately $1,381,000. Institutional investors own 72.42% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group Bank raised its FY2026 EPS estimate for Chevron, signaling stronger earnings expectations and potentially better profit outlook for the company. Chevron analyst estimate update
• Positive Sentiment: Erste Group also increased its FY2027 EPS estimate, reinforcing the view that Chevron’s earnings power may remain solid over the next several years. Chevron analyst estimate update
• Positive Sentiment: Analysts highlighted Chevron’s Tengiz expansion, which is expected to lift output capacity and support cash flow, production growth, and shareholder returns through 2030. Tengiz expansion article
• Positive Sentiment: Chevron’s status as a high-yield dividend name and “dividend king” continues to attract income-focused investors, which can provide support during volatile energy markets. Dividend yield article

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.