Chevron (NYSE:CVX) Shares Up 1.4% Following Analyst Upgrade

Chevron Corporation (NYSE:CVX)’s stock price rose 1.4% during trading on Monday 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 $216.67 and last traded at $214.89. 7,945,992 shares were traded during mid-day trading, a decline of 24% from the average session volume of 10,466,538 shares. The stock had previously closed at $211.98.

Several other research firms have also issued reports on CVX. The Goldman Sachs Group reduced their price target on shares of Chevron from $240.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. Royal Bank Of Canada boosted their price objective on shares of Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. Barclays cut their target price on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company raised their target price on Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $211.08.

Insiders Place Their Bets

In other Chevron news, Director John Hess sold 710,665 shares of Chevron stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at $70,596,305.10. The trade was a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider R. Pate sold 2,470 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value 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. The trade was a 18.62% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Insiders own 0.56% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Gulf production is being restored: Chevron, BP and Shell are restarting U.S. Gulf oil output after hurricane-related shutdowns. The recovery should limit the disruption’s impact on production and cash flow, while temporarily tighter supply may support oil prices. BP, Shell and Chevron restoring U.S. Gulf oil production after hurricane
• Positive Sentiment: TD Cowen raised its price target: The firm lifted its target for CVX to $225 from $215, maintaining a “hold” rating. Although the rating is not bullish, the higher valuation indicates additional potential upside based on current fundamentals. Chevron Stock Gets Price Target Increase from TD Cowen
• Positive Sentiment: Fundamental momentum remains supportive: Analysts highlight Chevron’s strong cash flow, expanding production, cost savings and expected 2026 earnings growth. The company’s Hess integration and overseas gas projects also support the longer-term investment case. CVX Outpaces Industry in Past 6 Months
• Positive Sentiment: Aphrodite gas project advances: Chevron and Egypt are discussing agreements, long-lead procurement and steps toward a final investment decision for Cyprus’ Aphrodite gas field, potentially adding future gas growth. Chevron and Egypt Discuss Next Steps for Aphrodite Gas Pipeline
• Neutral Sentiment: Valuation debate continues: One analysis estimates CVX is approximately 5% undervalued, but notes that the hurricane disruption and CFO transition create near-term uncertainty. Investors are balancing strong momentum against execution risks. Chevron Could Be 5% Undervalued
• Negative Sentiment: Hurricane disruptions remain a risk: Temporary Gulf shutdowns reduced near-term output and could affect quarterly production, even though operations are now returning. What Is Changing for Chevron After Gulf Shutdowns?

Institutional Investors Weigh In On Chevron

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Midwest Capital Advisors LLC acquired a new position in Chevron in the 1st quarter worth about $25,000. Phillip James Consulting Co. bought a new position in Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in shares of Chevron during the fourth quarter valued at about $27,000. Main Street Group LTD acquired a new stake in shares of Chevron during the first quarter valued at about $28,000. Finally, Kilter Group LLC acquired a new stake in shares of Chevron during the second quarter valued at about $28,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

The company has a market capitalization of $424.57 billion, a P/E ratio of 20.60, a PEG ratio of 0.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The company has a fifty day moving average price of $204.50 and a two-hundred day moving average price of $192.98.

Chevron (NYSE:CVX) last released 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 return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The firm’s revenue was up 57.4% compared to the same quarter last year. Equities analysts forecast that Chevron Corporation will post 17.34 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s dividend payout ratio (DPR) is currently 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.