Chevron (NYSE:CVX) Price Target Raised to $222.00

Key Points

• Wells Fargo raised its price target on Chevron to $222 (from $204), implying roughly a 13.18% upside and keeping an "overweight" rating.
• Multiple brokerages have also boosted targets (Jefferies, BofA, Mizuho, BMO), leaving a MarketBeat consensus target of $190.04 and an overall analyst consensus of Moderate Buy.
• Operational positives — a Q1 EPS beat, the Leviathan restart and an oil discovery at Bandit — support near‑term earnings, but substantial insider selling and geopolitical volatility may limit short‑term upside.

Chevron (NYSE:CVX - Get Free Report) had its price target lifted by analysts at Wells Fargo & Company from $204.00 to $222.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the oil and gas company's stock. Wells Fargo & Company's price target suggests a potential upside of 13.18% from the stock's previous close.

A number of other brokerages also recently issued reports on CVX. Jefferies Financial Group boosted their price objective on shares of Chevron from $174.00 to $189.00 and gave the company a "buy" rating in a research report on Wednesday, January 14th. Bank of America boosted their price objective on shares of Chevron from $188.00 to $206.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Mizuho boosted their price objective on shares of Chevron from $206.00 to $217.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Zacks Research raised shares of Chevron from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Chevron in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.04.

Chevron Price Performance

Shares of CVX opened at $196.15 on Thursday. The firm has a market cap of $391.39 billion, a PE ratio of 29.44, a P/E/G ratio of 1.66 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $190.88 and a two-hundred day simple moving average of $167.59. Chevron has a 1-year low of $132.04 and a 1-year high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company's quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. On average, equities analysts anticipate that Chevron will post 10.79 EPS for the current year.

Insider Activity

In other news, Vice Chairman Mark A. Nelson sold 139,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the sale, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eimear P. Bonner sold 32,100 shares of the business's stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares in the company, valued at $764,093.66. The trade was a 88.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 782,607 shares of company stock valued at $146,510,571 over the last quarter. Insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Chevron

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Chevron by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company's stock worth $28,540,753,000 after buying an additional 27,961,463 shares during the period. Norges Bank purchased a new stake in Chevron during the 4th quarter worth approximately $3,727,586,000. State Street Corp increased its stake in Chevron by 9.1% during the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the period. Berkshire Hathaway Inc increased its stake in Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company's stock worth $19,837,131,000 after buying an additional 8,091,570 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in Chevron during the 3rd quarter worth approximately $988,083,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Confirmed oil discovery at the Bandit prospect (Green Canyon Block 680) — Chevron participated in a high‑quality, full‑to‑base Miocene sand oil find; co-owners are evaluating tie‑back options that could add medium‑term upstream volumes and reserves. Chevron Confirms Oil Discovery at Bandit Prospect in Gulf of America
• Positive Sentiment: Q1 upstream earnings tailwind — Chevron expects upstream earnings to improve by $1.6–$2.2 billion Q1 vs. Q4 2025 due to higher oil/gas prices amid Middle East volatility, supporting near‑term cash flow and capital return capacity. Chevron forecasts up to $2.2 bln boost to upstream earnings from higher prices in Q1
• Positive Sentiment: Leviathan gas output resumed — Chevron restarted Leviathan after a 33‑day halt and lifted capacity, improving LNG/gas cash flow exposure and strengthening its Eastern Mediterranean supply role. This supports LNG upside amid tight global gas markets. Chevron Reopens Leviathan Gas Field Operations Following 33-Day Halt
• Positive Sentiment: Analyst upgrades/estimates rising — BMO raised its price target to $205 (Outperform) and Erste bumped FY2026 EPS assumptions, both signaling analyst support for CVX earnings and valuation going forward. BMO Capital Boosts Chevron (CVX) Target Erste raises FY2026 EPS estimates
• Neutral Sentiment: Valuation & long‑term narratives — Some outlets reiterate CVX as a dividend/long‑hold due to buybacks and a 38‑year dividend growth streak; 12‑month targets imply modest upside, so long‑term thesis intact but near‑term upside may be limited. Chevron dividend and long-term outlook
• Neutral Sentiment: Price forecasts & trading ideas — Retail price‑target pieces and options strategy writeups (covered calls/cash‑secured puts) provide tactical views but aren’t new fundamental drivers; they matter more to short‑term derivatives/volume. Chevron Price Prediction: Where Will The Oil Stock Be In 3 Years?
• Negative Sentiment: Ceasefire headlines and oil price pullback — A two‑week US‑Iran ceasefire and related headlines briefly pushed oil prices lower, triggering sectorwide profit‑taking and selling pressure in CVX despite company positives. Market reaction to easing geopolitical risk is the main short‑term negative. Not Everything Is Rallying Today — These Stocks Are Sliding After the US-Iran Ceasefire Deal
• Negative Sentiment: Volatility & geopolitical tail‑risk — Ongoing strikes (e.g., Saudi pipeline drone reports) and fragile ceasefire messaging keep upside capped and create trading volatility; that uncertainty can force short‑term de‑risking by institutions. Saudi East-West Pipeline Hit by Drone Strike
• Negative Sentiment: Sector technical/market commentary warns of a short pullback — Energy ETF technicals and short‑term analyst notes suggest the sector may pause after March highs, which can weigh on CVX until fresh conviction or stronger oil upside returns. XLE ETF technicals and sector pause

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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