Sat Jan 03 12:40:00 UTC 2026: Summary:

Chevron Corporation’s (CVX) share price experienced a 2.2% increase in mid-day trading, reaching $155.81. The trading volume was down 12% compared to the average. Recent analyst reports show varied opinions, with price target adjustments and rating changes. The company reported better-than-expected earnings per share in its last quarterly report. A director sold a significant number of shares, and institutional investors hold a substantial portion of the company’s stock. Chevron is a multinational energy company with a diversified range of operations in the oil and gas industry.

News Article:

Chevron Shares Rise Amid Analyst Scrutiny, Director Share Sale

New York, NY – Chevron Corporation (NYSE:CVX) saw its share price climb 2.2% to $155.81 during mid-day trading on Friday. Despite the positive price movement, trading volume was down 12% from the average.

The stock’s performance comes amid a flurry of analyst reports. Recent analysis from Weiss Ratings restated a Hold, while Barclays lowered its target price to $158. Piper Sandler and Bank of America also adjusted price targets, to $169.00 and $180.00 respectively. Zacks Research upgraded Chevron to a Hold rating. Overall, the consensus among analysts remains at “Hold” with an average price target of $166.00, according to MarketBeat.com.

Chevron reported better-than-expected earnings per share of $1.85 in its latest quarterly report, exceeding analyst estimates by $0.14. Revenue stood at $48.17 billion, above expectations. The company also declared a quarterly dividend of $1.71 per share.

In other news, Director John B. Hess sold 275,000 shares at an average price of $150.75, reducing his holdings by approximately 19.6%. Institutional investors currently own 72.42% of Chevron’s stock, indicating strong confidence from major investment firms.

Chevron is a multinational energy giant involved in all aspects of the oil and gas industry, from exploration and production to refining and marketing. The company’s future performance will likely be influenced by global energy demand and the ongoing analyst scrutiny of its financial performance and strategic direction.

Read More