Scotiabank Estimates Chevron’s FY2025 Earnings (NYSE:CVX)

Chevron Co. (NYSE:CVX) – Investment analysts at Scotiabank dropped their FY2025 EPS estimates for Chevron in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings of $8.75 per share for the year, down from their previous estimate of $9.20. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share. Scotiabank also issued estimates for Chevron’s FY2026 earnings at $10.60 EPS.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Barclays dropped their price target on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. UBS Group dropped their target price on Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Truist Financial cut their target price on Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.13.

Chevron Stock Up 0.5 %

Shares of Chevron stock opened at $164.80 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron has a 1-year low of $135.37 and a 1-year high of $167.11. The business’s fifty day moving average price is $156.07 and its two-hundred day moving average price is $152.40. The company has a market capitalization of $290.14 billion, a P/E ratio of 16.95, a PEG ratio of 1.46 and a beta of 1.08.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.71% and a return on equity of 11.44%. During the same quarter last year, the business posted $3.45 earnings per share.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $1.71 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.15%. Chevron’s dividend payout ratio is currently 70.37%.

Insider Transactions at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the completion of the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Chevron

Institutional investors have recently made changes to their positions in the stock. Life Planning Partners Inc purchased a new position in shares of Chevron during the 4th quarter valued at $25,000. IMG Wealth Management Inc. bought a new position in Chevron during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Chevron in the third quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Chevron during the 4th quarter worth $29,000. Finally, 10Elms LLP acquired a new stake in shares of Chevron in the 4th quarter valued at $29,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.