Citigroup Has Lowered Expectations for Chevron (NYSE:CVX) Stock Price

Chevron (NYSE:CVX) had its price objective dropped by investment analysts at Citigroup from $185.00 to $179.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. Citigroup’s target price points to a potential upside of 9.63% from the stock’s current price.

Several other analysts have also issued reports on CVX. HSBC set a $169.00 target price on Chevron and gave the stock a “buy” rating in a research note on Monday, December 1st. Wells Fargo & Company raised their target price on Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Sanford C. Bernstein lifted their price target on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a report on Monday. Morgan Stanley lifted their target price on shares of Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Finally, Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $166.90.

Chevron Price Performance

NYSE CVX traded up $7.38 on Monday, hitting $163.28. The stock had a trading volume of 15,609,849 shares, compared to its average volume of 9,531,044. The firm has a 50-day moving average of $151.88 and a 200-day moving average of $153.09. The company has a market capitalization of $328.76 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 9.76 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron has a 52-week low of $132.04 and a 52-week high of $168.96.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $2.48 earnings per share. Equities analysts expect that Chevron will post 10.79 EPS for the current year.

Insider Activity

In related news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its position in shares of Chevron by 652,139.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock valued at $13,214,757,000 after acquiring an additional 83,702,101 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 worth $28,540,753,000 after buying an additional 27,961,463 shares in the last quarter. Norges Bank purchased a new position in Chevron during the second quarter valued at $2,721,477,000. State Street Corp lifted its stake in Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares in the last quarter. Finally, Primecap Management Co. CA bought a new position in shares of Chevron during the 3rd quarter valued at about $988,083,000. Institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market reaction: U.S. oil stocks, including Chevron, jumped in premarket trading as investors bet that U.S. actions could allow American firms greater access to Venezuela’s oil reserves, boosting growth prospects for majors. Reuters: Chevron, US refiners’ shares surge
• Positive Sentiment: Presidential backing: President Trump publicly pledged to revive Venezuela’s energy sector and said U.S. companies would be involved — a political signal that investors see as lowering the likelihood of prolonged market exclusion. Financial Post: Chevron, US Oil Stocks Rally
• Positive Sentiment: Deal flow interest: Reports say former Chevron executives and private groups are lining up capital (~$2bn reported) to develop Venezuelan projects if access opens — signaling potential partners and investment appetite that could shorten Chevron’s path into the market. Reuters: Former Chevron executive seeks $2 billion
• Neutral Sentiment: Crude prices mixed: Despite the equity rally, crude markets showed limited follow‑through — oil prices have not spiked, which suggests any corporate benefit is not yet reflected in commodity fundamentals. Barron’s: Oil stocks surge but crude not moving much
• Neutral Sentiment: Corporate caution: Chevron’s public comments emphasize employee safety and asset integrity; the company has not committed to investments in Venezuela and is likely to wait for clear legal and operational frameworks. Forbes: U.S. oil stocks surge; companies mum
• Negative Sentiment: Big risks and long timelines: Analysts warn that sanctions, legal claims, damaged infrastructure and operational risks in Venezuela mean access — even if politically approved — would be costly, slow and contested; benefits to CVX may be incremental and long‑dated. Forbes: Why Venezuelan oil may not make CVX a buy

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.