Chevron (NYSE:CVX) Given New $187.00 Price Target at Scotiabank

Chevron (NYSE:CVX) had its price objective lifted by stock analysts at Scotiabank from $168.00 to $187.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the oil and gas company’s stock. Scotiabank’s price objective would indicate a potential downside of 0.17% from the stock’s previous close.

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price target on the stock in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Melius Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Tuesday, February 17th. Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a report on Thursday, April 9th. Finally, UBS Group restated a “buy” rating and set a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.00.

Chevron Price Performance

Shares of NYSE CVX traded up $1.35 during midday trading on Wednesday, reaching $187.33. 3,160,008 shares of the stock traded hands, compared to its average volume of 12,809,216. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $373.21 billion, a PE ratio of 28.15, a P/E/G ratio of 1.07 and a beta of 0.60. Chevron has a one year low of $133.77 and a one year high of $214.71. The company’s 50 day moving average is $192.42 and its 200 day moving average is $169.60.

Chevron (NYSE:CVX) last posted its earnings results 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. The firm had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 EPS. On average, equities research analysts anticipate that Chevron will post 10.47 earnings per share for the current year.

Insider Buying and Selling at Chevron

In other news, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alana K. Knowles sold 2,408 shares of Chevron stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $183.28, for a total value of $441,338.24. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 779,407 shares of company stock valued at $145,972,971. 0.56% of the stock is owned by company insiders.

Institutional Trading of Chevron

Several institutional investors and hedge funds have recently made changes to their positions in the business. Benchmark Financial LLC bought a new stake in shares of Chevron during the first quarter worth $207,000. Hofer & Associates. Inc lifted its position in shares of Chevron by 4.6% during the first quarter. Hofer & Associates. Inc now owns 1,999 shares of the oil and gas company’s stock worth $414,000 after purchasing an additional 87 shares during the last quarter. Spectrum Asset Management Inc. NB CA increased its stake in shares of Chevron by 7.5% during the first quarter. Spectrum Asset Management Inc. NB CA now owns 32,319 shares of the oil and gas company’s stock valued at $6,687,000 after buying an additional 2,255 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Chevron by 5.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 512,189 shares of the oil and gas company’s stock valued at $105,972,000 after buying an additional 27,262 shares during the period. Finally, Border to Coast Pensions Partnership Ltd increased its stake in shares of Chevron by 15.5% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 369,753 shares of the oil and gas company’s stock valued at $76,736,000 after buying an additional 49,588 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela reopening raises production and strategic value for Chevron — a U.S.-led removal of Venezuela’s president could clear the way for higher output from Chevron’s Venezuelan operations, boosting the company’s asset valuation and importance as a U.S. operator in Latin America. Chevron’s Venezuela Opening And Hormuz Shock Reframe Valuation Debate
• Positive Sentiment: Analyst upgrades and buy consensus support sentiment — BNP Paribas upgraded CVX to Outperform (with a $174 target) and brokerages broadly rate Chevron a “Moderate Buy,” lending conviction to the rally if crude stays firm. Chevron Corporation (CVX): Among the Best Crude Oil Stocks to Buy According to Analysts
• Positive Sentiment: Dividend and income positioning attract allocators — coverage and lists highlighting CVX as a 3%+ dividend payer reinforce demand from income investors seeking exposure to higher oil prices plus steady cash returns. Top 5 Dividend-Paying Stocks Yielding Over 3% for Income Investors in 2025
• Neutral Sentiment: Chevron’s integrated model cited as a hedge in volatile oil markets — coverage highlights how majors like CVX can navigate price swings, which may limit downside but also already reflects in the stock’s valuation. Strait to Safety: How to Hedge Oil Volatility in the Crude Awakening (CVX)
• Neutral Sentiment: Sector earnings flow is mixed but not directly negative for Chevron — Halliburton beat Q1 estimates (industry signal on activity), but lower Y/Y trends show caution for services demand rather than immediate impact on CVX downstream/upstream cash flow. Halliburton Q1 Earnings and Revenues Beat Estimates, Both down Y/Y
• Neutral Sentiment: Operational risk contained — a weekend fire at Chevron’s Pasadena, Texas refinery has been extinguished, reducing the likelihood of prolonged downtime but underscoring the need to monitor short-term refinery throughput impacts. Chevron says weekend fire at Pasadena, Texas, refinery now extinguished
• Negative Sentiment: Strait of Hormuz closure raises escalation and shipping-risk premium — while higher oil prices help earnings, prolonged closure or military escalation could disrupt trade, spike prices further and eventually dent global demand, introducing a macro-risk that could swing CVX shares if the situation worsens. Chevron’s Venezuela Opening And Hormuz Shock Reframe Valuation Debate

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.