Chevron (NYSE:CVX) Raised to “Buy” at HSBC

Chevron (NYSE:CVX) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat reports. The firm presently has a $215.00 target price on the oil and gas company’s stock. HSBC’s price target indicates a potential upside of 6.78% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Citigroup upped their price target on shares of Chevron from $179.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 20th. Morgan Stanley cut their target price on Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. UBS Group reaffirmed a “buy” rating and set a $212.00 target price on shares of Chevron in a research note on Monday, February 2nd. Finally, Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Tuesday, February 17th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chevron currently has a consensus rating of “Hold” and an average target price of $184.77.

Chevron Stock Up 1.4%

Chevron stock opened at $201.35 on Friday. The firm has a market cap of $401.77 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.84 and a beta of 0.67. Chevron has a 52-week low of $132.04 and a 52-week high of $202.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a 50 day moving average price of $180.53 and a two-hundred day moving average price of $163.12.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. During the same period in the prior year, the firm posted $2.06 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Equities analysts predict that Chevron will post 10.79 EPS for the current year.

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $189.35, for a total value of $51,621,354.40. Following the transaction, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. This represents a 89.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $26,233,632.00. Following the completion of the sale, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,099,397 shares of company stock worth $196,196,468 over the last 90 days. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chevron

A number of large investors have recently modified their holdings of the company. United Bank raised its holdings in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after buying an additional 796 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Chevron by 9.0% during the second quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after buying an additional 4,214 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Chevron during the second quarter worth about $46,000. PKS Advisory Services LLC raised its holdings in shares of Chevron by 16.5% in the 2nd quarter. PKS Advisory Services LLC now owns 2,718 shares of the oil and gas company’s stock worth $390,000 after acquiring an additional 384 shares during the last quarter. Finally, Prudential PLC raised its holdings in shares of Chevron by 355.6% in the 2nd quarter. Prudential PLC now owns 38,587 shares of the oil and gas company’s stock worth $5,525,000 after acquiring an additional 30,118 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market-wide weakness left Chevron as a relative outperformer — coverage notes CVX gained while the broader market dipped, citing oil strength and investor rotation into large-cap energy. Why the Market Dipped But Chevron (CVX) Gained Today Zacks: Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Mizuho published a bullish forecast for Chevron, which can attract momentum flows and buy-side interest. Mizuho Forecasts Strong Price Appreciation for Chevron (NYSE:CVX) Stock
• Positive Sentiment: Berkshire’s energy holdings (including Chevron) have lifted its portfolio this year; coverage highlights CVX’s strong YTD performance, reinforcing investor confidence in large-cap energy exposure amid higher oil. Berkshire’s Energy Stocks Are Rallying. But an ETF Would’ve Done Better.
• Positive Sentiment: Investor-focused outlets list Chevron among top energy buys due to production expansion and cost cuts, which supports the bullish narrative. 3 of the Best Energy Stocks to Buy Right Now
• Neutral Sentiment: Chevron Technology Ventures led a strategic investment in industrial robotics firm KEWAZO — supportive for long-term operational/efficiency optionality but unlikely to move near-term oil-driven earnings. Chevron Technology Ventures, Asahi Kasei Invest in Heavy-Industry Robotics Company KEWAZO
• Neutral Sentiment: Retail pieces tracking returns and trending-stock interest (Finbold, Zacks) indicate elevated investor attention, which can amplify moves but doesn’t change fundamentals. If you invested $1,000 in Chevron stock at the start of 2026, here’s your return now Zacks: Chevron Corporation (CVX) Is a Trending Stock
• Neutral Sentiment: General dividend and investor-info coverage outlines Chevron’s payout cadence — supportive for income investors but not a catalyst for a single-session move. Does Chevron pay dividends? When & how often?

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.