Chevron (NYSE:CVX) Upgraded by Tudor Pickering to Buy Rating

Chevron (NYSE:CVX) was upgraded by Tudor Pickering from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $225.00 price target on the oil and gas company’s stock. Tudor Pickering’s price objective would indicate a potential upside of 16.69% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target for the company in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Bank of America lifted their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Sanford C. Bernstein upped their target price on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average price target of $189.26.

Chevron Stock Down 4.3%

NYSE CVX opened at $192.81 on Thursday. The stock has a market capitalization of $384.74 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.66 and a beta of 0.60. Chevron has a 52 week low of $132.04 and a 52 week high of $214.71. 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 stock has a fifty day moving average of $190.88 and a 200-day moving average of $167.59.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The business had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. On average, equities research analysts forecast that Chevron will post 10.79 EPS for the current year.

Insider Transactions at Chevron

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction 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 transaction, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. The trade was a 92.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Hewitt Pate sold 40,200 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the completion of the sale, the insider owned 8,638 shares of the company’s stock, valued at approximately $1,842,485.40. This represents a 82.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 782,607 shares of company stock valued at $146,510,571. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock valued at $28,540,753,000 after purchasing an additional 27,961,463 shares in the last quarter. Norges Bank acquired a new stake in Chevron during the 4th quarter worth approximately $3,727,586,000. State Street Corp lifted its stake in Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after buying an additional 12,789,399 shares in the last quarter. Berkshire Hathaway Inc lifted its stake in Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after buying an additional 8,091,570 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Chevron in the third quarter valued at approximately $988,083,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect (Green Canyon Block 680) — Chevron participated in a high‑quality, full‑to‑base Miocene sand oil find; co-owners are evaluating tie‑back options that could add medium‑term upstream volumes and reserves. Chevron Confirms Oil Discovery at Bandit Prospect in Gulf of America
• Positive Sentiment: Q1 upstream earnings tailwind — Chevron expects upstream earnings to improve by $1.6–$2.2 billion Q1 vs. Q4 2025 due to higher oil/gas prices amid Middle East volatility, supporting near‑term cash flow and capital return capacity. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Positive Sentiment: Leviathan gas output resumed — Chevron restarted Leviathan after a 33‑day halt and lifted capacity, improving LNG/gas cash flow exposure and strengthening its Eastern Mediterranean supply role. This supports LNG upside amid tight global gas markets. Chevron Reopens Leviathan Gas Field Operations Following 33-Day Halt
• Positive Sentiment: Analyst upgrades/estimates rising — BMO raised its price target to $205 (Outperform) and Erste bumped FY2026 EPS assumptions, both signaling analyst support for CVX earnings and valuation going forward. BMO Capital Boosts Chevron (CVX) Target Erste raises FY2026 EPS estimates
• Neutral Sentiment: Valuation & long‑term narratives — Some outlets reiterate CVX as a dividend/long‑hold due to buybacks and a 38‑year dividend growth streak; 12‑month targets imply modest upside, so long‑term thesis intact but near‑term upside may be limited. Chevron dividend and long-term outlook
• Neutral Sentiment: Price forecasts & trading ideas — Retail price‑target pieces and options strategy writeups (covered calls/cash‑secured puts) provide tactical views but aren’t new fundamental drivers; they matter more to short‑term derivatives/volume. Chevron Price Prediction: Where Will The Oil Stock Be In 3 Years?
• Negative Sentiment: Ceasefire headlines and oil price pullback — A two‑week US‑Iran ceasefire and related headlines briefly pushed oil prices lower, triggering sectorwide profit‑taking and selling pressure in CVX despite company positives. Market reaction to easing geopolitical risk is the main short‑term negative. Not Everything Is Rallying Today — These Stocks Are Sliding After the US-Iran Ceasefire Deal
• Negative Sentiment: Volatility & geopolitical tail‑risk — Ongoing strikes (e.g., Saudi pipeline drone reports) and fragile ceasefire messaging keep upside capped and create trading volatility; that uncertainty can force short‑term de‑risking by institutions. Saudi East-West Pipeline Hit by Drone Strike
• Negative Sentiment: Sector technical/market commentary warns of a short pullback — Energy ETF technicals and short‑term analyst notes suggest the sector may pause after March highs, which can weigh on CVX until fresh conviction or stronger oil upside returns. XLE ETF technicals and sector pause

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.