Chevron Corporation (NYSE:CVX) Receives $176.36 Average Target Price from Analysts

Shares of Chevron Corporation (NYSE:CVX) have received a consensus rating of “Hold” from the twenty-four research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $178.9545.

Several brokerages have recently issued reports on CVX. Citigroup boosted their price objective on shares of Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Bank of America increased their target price on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Argus set a $203.00 target price on Chevron in a report on Tuesday, February 3rd. Morgan Stanley lowered their price target on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Finally, HSBC lowered Chevron from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Monday, February 2nd.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. launches $20B tanker reinsurance program, supporting crude above $90 and reducing shipping-risk premium — higher crude prices improve Chevron’s upstream margins and cash flow. Read More.
• Positive Sentiment: Analysts and institutions are increasingly bullish: several firms have raised price targets (one recent note pushes target toward $210), reflecting confidence in Chevron’s cash returns and dividend profile — this supports buy-side interest. Read More.
• Positive Sentiment: Dividend raise and income story remain supportive — Chevron recently increased its quarterly payout, reinforcing its appeal to income-focused investors amid higher commodity prices. Read More.
• Neutral Sentiment: Mixed analyst landscape: while some firms lift targets, others trim fair-value estimates — consensus remains split (buys, holds, sells), which can limit sustained momentum despite positive headlines. Read More.
• Negative Sentiment: Significant insider selling: CEO Michael Wirth and other senior execs disclosed multi‑million‑dollar stock sales in early March — this often prompts near‑term caution and profit‑taking. Read More.
• Negative Sentiment: Operational disruption: Chevron has suspended certain production (e.g., Leviathan-related outages / force majeure reports) tied to regional hostilities — potential near-term volume losses and uncertainty for specific assets. Read More.
• Negative Sentiment: Broader geopolitical volatility (Strait of Hormuz attacks and halted tanker traffic) raises supply‑and‑policy risk that can cause sharp swing trading and higher insurance/shipment costs — a double‑edged sword for oil majors. Read More.

Insider Transactions at Chevron

In other news, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total value of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares of the company’s stock, valued at $1,614,466.70. This represents a 87.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,052,197 shares of company stock valued at $187,128,404 in the last three months. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chevron

Hedge funds and other institutional investors have recently made changes to their positions in the business. Core Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter worth about $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron during the 4th quarter valued at about $26,000. Basso Capital Management L.P. purchased a new stake in shares of Chevron during the 4th quarter valued at about $27,000. Karpus Management Inc. acquired a new position in Chevron during the 4th quarter worth approximately $27,000. Finally, Quattro Advisors LLC acquired a new position in Chevron during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 0.1%

Shares of CVX stock opened at $190.01 on Monday. The firm’s 50-day simple moving average is $173.38 and its 200-day simple moving average is $160.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. Chevron has a 1-year low of $132.04 and a 1-year high of $192.41. The firm has a market cap of $379.14 billion, a P/E ratio of 28.53, a PEG ratio of 1.91 and a beta of 0.67.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron’s revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 earnings per share. As a group, equities analysts forecast that Chevron will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron’s dividend payout ratio is currently 106.91%.

Chevron Company Profile

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.