Chevron (NYSE:CVX) Reaches New 52-Week High on Analyst Upgrade

Chevron Corporation (NYSE:CVX)’s share price reached a new 52-week high on Tuesday after TD Cowen raised their price target on the stock from $215.00 to $225.00. TD Cowen currently has a hold rating on the stock. Chevron traded as high as $218.17 and last traded at $218.1730, with a volume of 1,591,940 shares trading hands. The stock had previously closed at $215.00.

Several other research analysts have also commented on the company. Sanford C. Bernstein raised their price target on Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Barclays decreased their target price on Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. UBS Group raised their target price on Chevron from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Bank of America lifted their target price on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company lifted their target price on Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $213.08.

Insider Buying and Selling

In other news, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,152,582 shares of company stock worth $225,853,661 in the last quarter. Company insiders own 0.56% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Erste Group raised its Chevron EPS estimates to $16.90 for FY2026 from $16.09 and to $13.78 for FY2027 from $13.52, signaling greater confidence in the company’s earnings outlook. Erste Group raises Chevron earnings estimates
• Positive Sentiment: TD Cowen raised its Chevron price target to $225 from $215 while maintaining a Hold rating, implying additional upside based on stronger operating and commodity expectations. Chevron price target raised by TD Cowen
• Positive Sentiment: Recent coverage highlights Chevron’s strong cash flow, expanding production, cost savings and upbeat 2026 earnings outlook. The company also continues advancing the Aphrodite gas project with Egypt, including work toward long-lead procurement and a final investment decision. Chevron outpaces the energy industry Chevron and Egypt discuss Aphrodite pipeline
• Positive Sentiment: Chevron’s Gulf of Mexico operations are being restored following hurricane-related shutdowns, reducing the risk that the disruption will become a prolonged production or cash-flow problem. Gulf oil production restoration
• Positive Sentiment: Zacks added CVX to its Rank #1 Strong Buy income-stock list, reinforcing the appeal of Chevron’s dividend and income profile. Zacks Strong Buy income stocks

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVX. NorthCrest Asset Manangement LLC raised its holdings in shares of Chevron by 3.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 153,070 shares of the oil and gas company’s stock valued at $32,382,000 after purchasing an additional 5,054 shares in the last quarter. Scott Capital Advisors LLC acquired a new position in shares of Chevron during the third quarter worth $636,000. Sacks & Associates LLC acquired a new position in shares of Chevron during the third quarter worth $860,000. HF Advisory Group LLC acquired a new position in shares of Chevron during the third quarter worth $238,000. Finally, Roan Capital Partners purchased a new position in Chevron in the third quarter valued at $243,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The company has a market capitalization of $430.42 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 0.59 and a beta of 0.53. The stock has a 50 day simple moving average of $204.94 and a two-hundred day simple moving average of $193.04.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the previous year, the business earned $1.77 EPS. Chevron’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, analysts anticipate that Chevron Corporation will post 17.34 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.