Chevron(US:CVX) Benzinga·2025-09-16 17:01Group 1: Options Trading Insights - More than 13 option transactions on Chevron have been identified, with a cumulative value of $751,521, including 9 puts worth a total of $720,278 [1] - The predicted price range for Chevron's stock is between $150.0 and $165.0, based on the volume and open interest in these contracts [2] - A snapshot of trends in volume and open interest for calls and puts indicates significant trading activity within the $150.0 to $165.0 strike price range over the past month [3] Group 2: Largest Options Trades - The largest observed options trades include bullish puts with significant total trade prices, such as a $152.8K trade for a $150.00 strike price and a $147.9K trade for a $155.00 strike price [8] - Bearish sentiment is noted in a $137.7K call trade for a $165.00 strike price, indicating mixed market sentiment [8] Group 3: Company Overview - Chevron is the second-largest oil company in the U.S., with a production capacity of 3.0 million barrels of oil equivalent per day, including 7.7 million cubic feet of natural gas and 1.7 million barrels of liquids [9] - The company has a total refining capacity of 1.8 million barrels of oil per day, with proven reserves at year-end 2024 standing at 9.8 billion barrels of oil equivalent [9] Group 4: Analyst Opinions - Five professional analysts have set an average price target of $179.2 for Chevron, with varying ratings and targets from different firms, including a downgrade to Hold with a target of $155 and multiple Buy ratings with targets ranging from $168 to $197 [10][11] Group 5: Current Market Position - Chevron's stock price is currently at $159.62, reflecting a 1.47% increase, with a trading volume of 2,013,388 [13] - RSI indicators suggest that the stock may be approaching overbought conditions, and the next earnings report is expected in 45 days [13]