Chevron (NYSE:CVX) Stock Price Expected to Rise, TD Cowen Analyst Says

Chevron (NYSE:CVX) had its target price raised by equities researchers at TD Cowen from $204.00 to $205.00 in a note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s price target indicates a potential upside of 13.03% from the company’s current price.

CVX has been the topic of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price objective on shares of Chevron in a report on Monday, February 2nd. UBS Group lifted their target price on Chevron from $218.00 to $220.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Morgan Stanley raised their price objective on shares of Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Finally, Citigroup boosted their price objective on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.74.

Chevron Trading Down 0.6%

Shares of CVX stock opened at $181.37 on Friday. The stock has a market capitalization of $361.35 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 0.63 and a beta of 0.51. The company’s fifty day simple moving average is $193.21 and its two-hundred day simple moving average is $172.09. Chevron has a 1 year low of $133.77 and a 1 year high of $214.71. 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 (NYSE:CVX) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. The firm had revenue of $47.56 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $2.18 earnings per share. As a group, analysts anticipate that Chevron will post 15.02 earnings per share for the current year.

Insider Transactions at Chevron

In related news, insider Andrew Benjamin Walz sold 11,600 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 11,337 shares in the company, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 816,439 shares of company stock worth $154,339,900. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Chevron

Institutional investors have recently made changes to their positions in the stock. Midwest Capital Advisors LLC purchased a new stake in Chevron during the first quarter valued at about $25,000. Core Wealth Advisors LLC purchased a new position in shares of Chevron in the 4th quarter worth about $26,000. Phillip James Consulting Co. bought a new position in shares of Chevron during the 4th quarter valued at about $26,000. Basso Capital Management L.P. purchased a new position in shares of Chevron during the 4th quarter valued at about $27,000. Finally, Karpus Management Inc. purchased a new position in shares of Chevron during the 4th quarter valued at about $27,000. Institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s first-quarter results beat profit expectations, with adjusted EPS of $1.41 versus the $0.97 consensus, reinforcing the company’s ability to generate earnings even amid volatile energy markets. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say
• Positive Sentiment: Goldman Sachs raised its price target on Chevron and kept a Buy rating, citing improved confidence in cash flow, production, and shareholder return plans after the earnings report. Goldman Sachs gives Chevron stock price new target after earnings
• Positive Sentiment: Multiple research notes and articles highlighted Chevron as a dividend aristocrat and a long-term value play, which can support investor interest in the stock. 3 ‘Strong Buy’ Dividend Aristocrat Stocks, 5/8/26
• Positive Sentiment: TD Cowen nudged its price target higher to $205 while maintaining a Hold rating, and Erste Group also lifted its FY2027 earnings estimate, signaling still-constructive expectations for Chevron’s earnings outlook.
• Neutral Sentiment: Analysts and commentary also pointed to Chevron’s LNG strategy and South Asian export growth as a longer-term earnings driver, but this is more of a strategic backdrop than an immediate catalyst. Can Chevron’s South Asian LNG Strategy Drive Long-Term Growth?
• Negative Sentiment: Despite the earnings beat, Chevron’s revenue came in below Wall Street estimates, which may be tempering enthusiasm and contributing to the stock’s weakness. Chevron (CVX) Reports Q1 Earnings: What Key Metrics Have to Say

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.