Analysts Set Chevron Corporation (NYSE:CVX) PT at $167.14

Shares of Chevron Corporation (NYSE:CVX) have received an average recommendation of “Hold” from the twenty-seven ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $168.2727.

Several research analysts have recently commented on CVX shares. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. HSBC set a $169.00 target price on shares of Chevron and gave the stock a “buy” rating in a report on Monday, December 1st. Sanford C. Bernstein lifted their target price on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Wells Fargo & Company increased their price target on Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Scotiabank reissued a “sector perform” rating and issued a $168.00 price target on shares of Chevron in a report on Friday.

Insider Activity

In other Chevron news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eimear P. Bonner sold 28,334 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $4,676,526.70. Following the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This represents a 86.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 635,190 shares of company stock worth $100,254,408 over the last ninety days. Insiders own 0.21% of the company’s stock.

Institutional Trading of Chevron

Several hedge funds have recently added to or reduced their stakes in the business. Bayforest Capital Ltd lifted its position in Chevron by 85.9% in the first quarter. Bayforest Capital Ltd now owns 316 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 146 shares during the period. Acadian Asset Management LLC raised its stake in shares of Chevron by 278.1% in the 1st quarter. Acadian Asset Management LLC now owns 50,514 shares of the oil and gas company’s stock worth $8,447,000 after buying an additional 37,155 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Chevron by 25.7% in the first quarter. Jones Financial Companies Lllp now owns 697,011 shares of the oil and gas company’s stock valued at $115,887,000 after buying an additional 142,662 shares during the period. Nova Wealth Management Inc. boosted its stake in Chevron by 102.6% during the first quarter. Nova Wealth Management Inc. now owns 466 shares of the oil and gas company’s stock valued at $78,000 after buying an additional 236 shares in the last quarter. Finally, Invst LLC bought a new position in Chevron during the first quarter valued at about $892,000. Institutional investors own 72.42% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron took a Final Investment Decision (FID) to expand the Leviathan offshore gas platform, adding wells and capacity to send more gas to Israel, Egypt and Jordan — a concrete growth project that should strengthen Chevron’s Eastern Mediterranean gas production and near‑term cash flow. Reuters: Chevron takes final investment decision on Leviathan gas expansion
• Positive Sentiment: Multiple outlets report Chevron is likely to receive an expanded U.S. license to operate in Venezuela, which — if finalized and implemented — would enable higher production and exports from a large resource basin and materially improve future production upside. Reuters: Chevron expected to receive expanded Venezuela license
• Neutral Sentiment: Republican bill H.R.7084 (Defending American Property Abroad Act) would give the U.S. government additional tools related to ports and assets seized by foreign states — could be helpful for U.S. companies with expropriation risk, but timing and use of the law are uncertain. QuiverQuant: H.R.7084 summary
• Neutral Sentiment: Investor commentary and screening pieces are flagging Chevron as a dividend and income name worth buying on weakness — supportive to longer‑term demand for the stock but less relevant to near‑term price moves. Seeking Alpha: Buy the dip — dividend growth stocks
• Negative Sentiment: New legislation proposed (H.R.7094, No Aid for Russian Energy Act) would restrict U.S. persons and parent companies from supplying equipment/services to Russia’s energy sector — a potential regulatory headwind for U.S. majors with any exposure or plans tied to Russia. QuiverQuant: H.R.7094 summary
• Negative Sentiment: Insider selling: an executive sold 3,200 shares at roughly $168 — common but can be interpreted as a modest near‑term negative signal to sentiment. SEC Form 4: insider sale
• Negative Sentiment: Oil prices slipped after an easing of Iran‑related geopolitical risk, which pressures upstream margins and can temper short‑term earnings for integrated majors including Chevron. Barron’s: Oil prices fall as Iran tensions ease

Chevron Stock Up 0.1%

Shares of CVX traded up $0.11 during midday trading on Friday, hitting $166.27. The company had a trading volume of 9,719,045 shares, compared to its average volume of 10,202,640. The stock has a market cap of $334.79 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 10.29 and a beta of 0.70. The company’s 50 day moving average price is $153.46 and its 200 day moving average price is $154.22. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. Chevron has a 52 week low of $132.04 and a 52 week high of $169.37.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. During the same period last year, the business posted $2.48 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts predict that Chevron will post 10.79 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a dividend yield of 4.1%. Chevron’s payout ratio is 96.20%.

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.