Shares of Chevron Corporation (NYSE:CVX – Get Free Report) have been given a consensus recommendation of “Hold” by the twenty-four ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $186.50.
CVX has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on Chevron from $174.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Scotiabank raised shares of Chevron to a “hold” rating in a research report on Friday, March 27th. Sanford C. Bernstein upped their price target on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Argus set a $203.00 price target on shares of Chevron in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group upped their price objective on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th.
Get Our Latest Research Report on Chevron
Chevron News Summary
- Positive Sentiment: Morgan Stanley and other analysts have recently raised targets and reiterated buy ratings (Morgan Stanley lifted a price target toward ~$212), supporting upside expectations and income-focused investor interest. Chevron (CVX) Price Target Raised to $212
- Positive Sentiment: Macro/sector momentum: oil posted historic monthly gains and the energy sector is a top performer, which boosts Chevron’s revenue/profit outlook and explains strong investor interest. Oil Prices Post Biggest Monthly Surge in History
- Positive Sentiment: Strategic deals and geographic expansion: Chevron announced a partnership with Libya’s National Oil Corporation to assess offshore potential, which could unlock reserves and long‑term production growth. Chevron Partners With Libya’s NOC to Unlock Offshore Potential
- Neutral Sentiment: Large‑cap investor activity: filings and coverage show Berkshire Hathaway/Buffett increasing exposure to oil names including Chevron in recent periods — a credibility boost but not an immediate price driver. Warren Buffett Went Out With a Bang by Selling 50% of His Bank of America Stake and Piling Into One of the Hottest Oil Stocks on Wall Street
- Neutral Sentiment: Power supply talks: Chevron signed an exclusivity agreement with Microsoft and Engine No. 1 on power generation/supply options in Texas — this signals diversification into power contracts but timing and returns are uncertain. Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
- Negative Sentiment: Operational hit: downstream assets at the Wheatstone LNG facility in Western Australia suffered extensive cyclone damage and the plant has been offline for weeks, tightening LNG supply and creating near‑term earnings and delivery uncertainty. This is the primary near‑term headwind pressuring CVX. Chevron’s downstream assets at Wheatstone gas facility suffer extensive damage due to cyclone
- Negative Sentiment: Regulatory/regional risk: Chevron warned it may have to close some California gas plants amid state policy pressures — a longer‑term operational and reputational risk that adds to investor caution. ‘We Won’t Be Able To Make It’ — After 140 Years In California, Chevron May Have To Close Its Gas Plants As State Plays ‘Dangerous Game’
Insider Transactions at Chevron
In other news, CFO Eimear P. Bonner sold 32,100 shares of Chevron stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $175.01, for a total value of $5,617,821.00. Following the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $764,093.66. The trade was a 88.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider R. Hewitt Pate sold 58,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $188.65, for a total value of $10,941,700.00. Following the sale, the insider owned 8,558 shares of the company’s stock, valued at $1,614,466.70. The trade was a 87.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,099,397 shares of company stock valued at $196,196,468. 0.20% of the stock is owned by company insiders.
Institutional Investors Weigh In On Chevron
Large investors have recently made changes to their positions in the business. Perigon Wealth Management LLC raised its position in shares of Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after purchasing an additional 11,875 shares in the last quarter. Dakota Wealth Management raised its holdings in Chevron by 14.9% in the fourth 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 position in Chevron during the 3rd quarter valued at $431,000. New York State Teachers Retirement System grew its holdings in Chevron by 15.3% during the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after acquiring an additional 215,345 shares in the last quarter. Finally, Clear Trail Advisors LLC bought a new stake in shares of Chevron in the 4th quarter worth about $10,167,000. Institutional investors and hedge funds own 72.42% of the company’s stock.
Chevron Trading Down 1.9%
Shares of CVX opened at $206.81 on Friday. Chevron has a fifty-two week low of $132.04 and a fifty-two week high of $214.71. The company has a market capitalization of $412.67 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.67 and a beta of 0.67. The stock has a fifty day moving average of $187.24 and a two-hundred day moving average of $165.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping 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 business’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 earnings per share. As a group, analysts forecast that Chevron will post 10.79 EPS for the current year.
Chevron Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.78 per share. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, February 17th. Chevron’s payout ratio is currently 106.91%.
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.
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