Chevron Corporation (NYSE:CVX) Stock Has Consensus Price Target of $211.35

Chevron Corporation (NYSE:CVX) has been assigned an average rating of “Moderate Buy” from the twenty-six research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twenty have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $212.87.

CVX has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Piper Sandler lifted their price objective on Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Jefferies Financial Group reissued a “buy” rating and set a $216.00 target price on shares of Chevron in a research report on Friday, July 10th. Zacks Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Barclays lowered their target price on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron CFO Eimear Bonner indicated that elevated oil prices may persist, a favorable outlook for the company’s upstream earnings and cash flow. The comments helped drive a prior gain in CVX shares. Chevron Stock Jumps After CFO’s Oil Price Warning
• Positive Sentiment: Chevron plans to increase exploration spending by roughly 50% in 2027 from this year’s $1.5 billion budget, targeting about 20 exploration wells. The investment could support longer-term production growth and reserves, particularly following the Hess acquisition. Chevron’s Growth Plan
• Positive Sentiment: Chevron is expanding its Eastern Mediterranean strategy through planned seismic work across four Greek offshore blocks and efforts to connect Cyprus’ Aphrodite gas field with Egyptian export infrastructure. These projects could add future gas and LNG growth, though they remain exploratory and longer term. Chevron’s Greece Offshore Exploration
• Neutral Sentiment: Analysts are divided on valuation. Some view Chevron’s production gains, LNG expansion and strong balance sheet as underappreciated, while others argue that oil above $100 already leaves limited upside. Chevron Long-Term Investment Analysis
• Negative Sentiment: Energy shares weakened as oil prices slipped, reducing the immediate earnings tailwind for producers such as Chevron. This commodity-driven move is the clearest near-term explanation for the stock’s decline. Stocks That Explain the Market
• Negative Sentiment: Executives are opposing a potential U.S. diesel-export ban, while a newly introduced bill could restrict exports when domestic diesel prices remain high. Although the proposal faces an uncertain legislative path, it creates regulatory risk for Chevron’s refining and fuel-distribution operations. Diesel Price Reduction Act

Chevron Trading Up 0.0%

CVX opened at $205.56 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. Chevron has a fifty-two week low of $146.49 and a fifty-two week high of $217.78. The company’s 50 day moving average price is $201.16 and its two-hundred day moving average price is $192.19. The firm has a market capitalization of $406.14 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 0.59 and a beta of 0.50.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. As a group, research analysts predict that Chevron will post 16.52 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. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Insiders Place Their Bets

In other news, insider R. Pate sold 2,470 shares of Chevron stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the transaction, the insider directly owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew Walz sold 16,800 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

Several institutional investors have recently added to or reduced their stakes in CVX. QRG Capital Management Inc. grew its position in shares of Chevron by 11.6% during the 2nd quarter. QRG Capital Management Inc. now owns 345,288 shares of the oil and gas company’s stock worth $57,235,000 after buying an additional 35,889 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Chevron by 9.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 146,083 shares of the oil and gas company’s stock valued at $24,930,000 after acquiring an additional 12,673 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Chevron by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,359,482 shares of the oil and gas company’s stock valued at $932,962,000 after acquiring an additional 148,674 shares during the period. State Street Corp lifted its position in shares of Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after acquiring an additional 5,998,852 shares during the period. Finally, Security National Bank of Sioux City Iowa IA bought a new position in Chevron during the second quarter worth $130,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Company Profile

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.