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

Chevron (NYSE:CVX) had its target price lowered by Morgan Stanley from $214.00 to $210.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Morgan Stanley’s target price indicates a potential upside of 23.95% from the company’s previous close.

A number of other brokerages have also commented on CVX. Barclays increased their price target on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. UBS Group reiterated a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Scotiabank increased their target price on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Zacks Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Tudor Pickering raised Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research note on Thursday, April 9th. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.52.

Chevron Price Performance

Shares of CVX traded down $1.63 during trading hours on Monday, reaching $169.43. 3,205,891 shares of the company’s stock traded hands, compared to its average volume of 11,616,229. Chevron has a 12 month low of $142.40 and a 12 month high of $214.71. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market cap of $337.43 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 0.56 and a beta of 0.48. The firm’s 50 day simple moving average is $185.10 and its 200-day simple moving average is $180.00.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same period in the prior year, the business earned $2.18 earnings per share. Chevron’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that Chevron will post 15.88 EPS for the current year.

Insider Activity at Chevron

In related news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the transaction, the director owned 278,045 shares in the company, valued at $53,718,294. This trade represents a 57.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Chevron

Several institutional investors have recently added to or reduced their stakes in the business. Dakota Wealth Management boosted its position in Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after acquiring an additional 10,822 shares in the last quarter. Brooklyn FI LLC bought a new stake in shares of Chevron in the 3rd quarter worth approximately $431,000. Clear Trail Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter worth approximately $10,167,000. Curtis Advisory Group LLC purchased a new stake in shares of Chevron in the 4th quarter worth approximately $1,381,000. Finally, Indivisible Partners bought a new position in Chevron during the 4th quarter valued at approximately $1,923,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is expanding its data-center power strategy beyond Project Kilby, positioning itself to benefit from rising AI-driven electricity demand and new natural gas-powered infrastructure opportunities. Chevron Expands Data Center Power Strategy Beyond Project Kilby
• Positive Sentiment: Chevron secured Texas Pacific Land support for Project Kilby, a reported $7 billion initiative tied to Microsoft, which suggests progress on a potentially large long-term growth project. Chevron Corporation (CVX) Secures Texas Pacific Land Support on Microsoft’s Project Kilby
• Positive Sentiment: Chevron appears to have moved ahead of ExxonMobil in capturing a major opportunity, which could be viewed as a competitive win for future growth and investor sentiment. Chevron Just Jumped Ahead of ExxonMobil in Capturing This Massive Opportunity
• Neutral Sentiment: Commentary from recent articles highlights that Chevron’s shares remain heavily influenced by Middle East geopolitics and oil-price swings, keeping trading volatile and sentiment-driven rather than purely fundamentals-driven. Is Chevron Impossible to Ignore Right Now? Here’s What to Do With It.
• Neutral Sentiment: Another piece notes Chevron’s CFO said there is no quick fix for lowering gas prices, reinforcing the idea that near-term results may continue to depend on broader market conditions. No Quick Fix to Lowering Gas Prices Despite Trump’s Protests, Chevron Exec Says

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.