Chevron (NYSE:CVX) Stock Jumps 1.4% After Analyst Upgrade

Shares of Chevron Corporation (NYSE:CVX) shot up 1.4% during trading on Tuesday after TD Cowen raised their price target on the stock from $215.00 to $225.00. TD Cowen currently has a hold rating on the stock. Chevron traded as high as $218.79 and last traded at $218.0070. Approximately 7,309,673 shares were traded during mid-day trading, a decline of 30% from the average session volume of 10,453,505 shares. The stock had previously closed at $215.00.

A number of other research firms also recently issued reports on CVX. Sanford C. Bernstein boosted their target price on shares of Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Dbs Bank raised Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Piper Sandler lifted their price objective on Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.08.

Insider Buying and Selling

In other news, insider Andrew Walz sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider owned 14 shares of the company’s stock, valued at $2,814.84. This trade represents a 99.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is currently owned by company insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Gulf production is recovering: Chevron and other major producers are restoring U.S. Gulf of Mexico operations after Hurricane Isaias. Reports indicate no significant storm damage, reducing the risk that the outage will materially affect production or earnings. Chevron and Shell Lead U.S. Gulf Oil Production Recovery After Hurricane
• Positive Sentiment: Gas projects are expanding Chevron’s growth outlook: Chevron-related expertise helped unlock the first commercial gas production from Australia’s Beetaloo Basin, potentially supporting future LNG exports. Separately, Chevron and Egypt are advancing agreements and procurement for Cyprus’s Aphrodite gas field, moving the project closer to a final investment decision. How Is Chevron Shaping Australia’s First Commercial Beetaloo Gas?
• Positive Sentiment: Analysts raised earnings estimates: Erste Group lifted its Chevron EPS forecasts to $16.90 for fiscal 2026 and $13.78 for fiscal 2027. Zacks also included CVX on its latest list of income stocks with a Strong Buy rating, reinforcing the appeal of Chevron’s cash returns and dividend profile. Chevron earnings estimate revisions
• Neutral Sentiment: Valuation support is mixed: TD Cowen raised its price target from $215 to $225 but retained a Hold rating. Another report placed the average price target at $213.08, suggesting limited upside after the recent rally. Chevron stock price target increase
• Negative Sentiment: Planned restructuring creates a near-term earnings headwind: Chevron agreed to recognize a one-time loss of approximately $3 billion to $4 billion as it reshapes its portfolio before the current earnings cycle fades. The charge may pressure reported results, even though management presents it as a longer-term cleanup. Chevron Is Cleaning House Before the Earnings Peak Fades

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First County Bank CT lifted its position in shares of Chevron by 3.1% during the 3rd quarter. First County Bank CT now owns 4,822 shares of the oil and gas company’s stock valued at $985,000 after buying an additional 143 shares in the last quarter. Sage Capital Advisors llc grew its stake in Chevron by 0.6% in the 3rd quarter. Sage Capital Advisors llc now owns 44,381 shares of the oil and gas company’s stock valued at $9,063,000 after acquiring an additional 286 shares during the period. McGlone Suttner Wealth Management Inc. increased its holdings in Chevron by 44.8% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 5,502 shares of the oil and gas company’s stock worth $1,194,000 after acquiring an additional 1,703 shares in the last quarter. Steel Grove Capital Advisors LLC increased its holdings in Chevron by 6.0% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 12,701 shares of the oil and gas company’s stock worth $2,594,000 after acquiring an additional 718 shares in the last quarter. Finally, Jericho Financial LLP increased its holdings in Chevron by 1.1% in the 3rd quarter. Jericho Financial LLP now owns 30,549 shares of the oil and gas company’s stock worth $6,238,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $204.94 and its two-hundred day simple moving average is $193.04. The company has a market capitalization of $430.73 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 0.59 and a beta of 0.53.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the firm posted $1.77 earnings per share. The company’s revenue was up 57.4% compared to the same quarter last year. Equities research analysts predict that Chevron Corporation will post 17.34 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.