Royal Bank Of Canada Reiterates Outperform Rating for Chevron (NYSE:CVX)

Chevron (NYSE:CVX)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a note issued to investors on Tuesday,Benzinga reports. They currently have a $220.00 price objective on the oil and gas company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 14.37% from the stock’s current price.

A number of other analysts have also issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $190.00 target price on shares of Chevron in a research report on Monday, February 2nd. Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Bank of America boosted their target price on Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $198.96.

Chevron Price Performance

CVX stock traded up $0.08 during trading on Tuesday, hitting $192.36. The stock had a trading volume of 1,384,676 shares, compared to its average volume of 12,440,245. 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 twelve month low of $133.77 and a twelve month high of $214.71. The stock has a market capitalization of $383.23 billion, a P/E ratio of 33.32, a PEG ratio of 0.71 and a beta of 0.51. The company’s 50-day moving average price is $193.08 and its two-hundred day moving average price is $171.36.

Chevron (NYSE:CVX) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.41. The business had revenue of $48.61 billion for the quarter, compared to analysts’ expectations of $51.86 billion. Chevron had a return on equity of 7.01% and a net margin of 5.79%.The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.18 EPS. As a group, research analysts predict that Chevron will post 14.13 EPS for the current fiscal year.

Insider Activity

In related news, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the completion of the transaction, the insider owned 11,337 shares in the company, valued at approximately $2,130,449.04. The trade was a 92.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Thomas Ryder Booth sold 11,076 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $184.40, for a total transaction of $2,042,414.40. Following the completion of the transaction, the chief technology officer owned 1,122 shares of the company’s stock, valued at $206,896.80. This represents a 90.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 621,439 shares of company stock valued at $118,307,800. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after acquiring an additional 27,961,463 shares in the last quarter. State Street Corp raised its holdings in shares of Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after buying an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc raised its holdings in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Chevron by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company’s stock valued at $6,620,187,000 after buying an additional 134,890 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Chevron by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,036,844 shares of the oil and gas company’s stock valued at $5,492,377,000 after buying an additional 961,341 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warns physical oil shortages could appear if the Strait of Hormuz remains disrupted, supporting higher oil prices and margins for producers like Chevron. Chevron CEO says physical shortages in oil supply to begin appearing
• Positive Sentiment: Chevron is in talks to take stakes in major Iraqi oilfields, a move that could add material, long‑life production and enhance CVX’s growth runway. Chevron Iraqi Oilfield Talks And What They Could Mean For CVX Valuation
• Positive Sentiment: Chevron is expanding exploration activity in the Mediterranean with offshore Malta programs, adding potential upstream barrels. Chevron expands Mediterranean activities with exploration offshore Malta
• Positive Sentiment: Q1 results beat EPS expectations, the board affirmed the dividend and analysts have raised targets — reinforcing CVX’s cash-return story that investors favor. Chevron Corporation 2026 Q1 – Results – Earnings Call Presentation
• Neutral Sentiment: Oil markets remain volatile: prices spiked on a Middle East flare-up then pared gains as a fragile truce held — a mixed backdrop for short-term crude and CVX. Oil Declines as Fragile Truce Holds Following Hormuz Clashes
• Neutral Sentiment: Multiple analyst and feature pieces debate CVX’s upside at current oil prices, offering varying buy/hold views; these shape investor positioning but don’t change fundamentals immediately. Is Chevron a Buy, Sell, or Hold at $110 Oil?
• Negative Sentiment: Quarterly margin compression analysis highlights cost and timing pressures in refining/upstream margins that could weigh on near-term profitability if oil/refined-product spreads shift unfavorably. CVX Q1 Deep Dive: Margin Compression Amid Stable Revenue and Upstream Growth

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.