Research Analysts’ Weekly Ratings Changes for Chevron (CVX)

Several brokerages have updated their recommendations and price targets on shares of Chevron (NYSE: CVX) in the last few weeks:

• 3/20/2026 – Chevron was upgraded by HSBC Holdings plc from “hold” to “buy”. They now have a $215.00 price target on the stock.
• 3/17/2026 – Chevron had its price target raised by Mizuho from $206.00 to $217.00. They now have an “outperform” rating on the stock.
• 3/16/2026 – Chevron had its price target raised by Barclays PLC from $172.00 to $180.00. They now have an “equal weight” rating on the stock.
• 3/12/2026 – Chevron had its price target raised by Piper Sandler from $179.00 to $242.00. They now have an “overweight” rating on the stock.
• 3/2/2026 – Chevron had its price target raised by Citigroup Inc. from $179.00 to $210.00. They now have a “buy” rating on the stock.
• 3/2/2026 – Chevron had its price target raised by Bank of America Corporation from $188.00 to $206.00. They now have a “buy” rating on the stock.
• 2/17/2026 – Chevron was upgraded by Melius Research from “hold” to “buy”. They now have a $205.00 price target on the stock.
• 2/3/2026 – Chevron was given a new $203.00 price target by Argus.
• 2/2/2026 – Chevron had its “buy” rating reaffirmed by UBS Group AG. They now have a $212.00 price target on the stock.
• 2/2/2026 – Chevron had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $190.00 price target on the stock.
• 2/2/2026 – Chevron was downgraded by HSBC Holdings plc from “buy” to “hold”. They now have a $180.00 price target on the stock.
• 2/2/2026 – Chevron had its price target raised by Wells Fargo & Company from $196.00 to $204.00. They now have an “overweight” rating on the stock.
• 2/2/2026 – Chevron had its price target raised by TD Cowen from $160.00 to $168.00. They now have a “hold” rating on the stock.
• 1/31/2026 – Chevron was upgraded by Wall Street Zen from “sell” to “hold”.
• 1/30/2026 – Chevron was downgraded by HSBC Holdings plc from “strong-buy” to “hold”.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is 106.91%.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R. Hewitt Pate sold 58,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares in the company, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,099,397 shares of company stock valued at $196,196,468. Insiders own 0.21% of the company’s stock.

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.