Chevron Corporation (NYSE:CVX) Stock Has Consensus Price Target of $213.08 According to Analysts

Key Points

• Chevron has a “Moderate Buy” consensus rating: 21 of 28 analysts rate the stock a buy, with an average 12-month price target of $213.08.
• Chevron reported quarterly EPS of $6.06, beating estimates of $5.55, while revenue rose 57.4% year over year to $67.2 billion. Shares opened at $214.89, near their 52-week high.
• The company pays a quarterly dividend of $1.78, equivalent to a 3.3% annualized yield; meanwhile, insiders sold roughly $225.9 million of stock over the prior three months, and institutional investors own 72.42% of shares.

Shares of Chevron Corporation (NYSE:CVX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-eight analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $213.08.

CVX has been the topic of several research analyst reports. Wolfe Research upgraded Chevron from a "peer perform" rating to an "outperform" rating and set a $210.00 target price on the stock in a report on Thursday, July 2nd. Royal Bank Of Canada raised their target price on Chevron from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, September 24th. JPMorgan Chase & Co. lifted their price target on Chevron from $190.00 to $222.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Chevron from a "hold (c)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Finally, Bank of America upped their price target on shares of Chevron from $210.00 to $227.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th.

Insider Activity at Chevron

In related news, insider R. Pate sold 2,470 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the sale, the insider owned 10,794 shares of the company's stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John B. Hess sold 710,665 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the transaction, the director owned 363,711 shares of the company's stock, valued at $70,596,305.10. This trade represents a 66.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CVX. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron in the first quarter valued at approximately $25,000. Phillip James Consulting Co. acquired a new position in shares of Chevron during the 4th quarter worth approximately $26,000. Basso Capital Management L.P. acquired a new position in shares of Chevron during the 4th quarter worth approximately $27,000. Main Street Group LTD acquired a new position in shares of Chevron during the 1st quarter worth approximately $28,000. Finally, Kilter Group LLC bought a new stake in Chevron in the 2nd quarter valued at $28,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 1.4%

Shares of CVX opened at $214.89 on Tuesday. 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. Chevron has a one year low of $146.49 and a one year high of $217.78. The business's 50 day simple moving average is $204.94 and its 200-day simple moving average is $193.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm had revenue of $67.20 billion during the quarter, compared to analysts' expectations of $62.72 billion. During the same period last year, the firm posted $1.77 EPS. The business's revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts predict that Chevron will post 17.34 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Chevron's dividend payout ratio (DPR) is presently 68.26%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: TD Cowen raised its price target to $225 from $215, while maintaining a “hold” rating. The new target implies additional upside and signals that the firm sees Chevron’s valuation and operating outlook as somewhat stronger than previously expected. Chevron Stock Gets Price Target Increase from TD Cowen
• Positive Sentiment: Chevron and Egypt are advancing the Aphrodite gas pipeline project. Progress toward commercial agreements, long-lead equipment purchases and a final investment decision could support Chevron’s longer-term production and international gas growth. Chevron and Egypt Discuss Next Steps for Aphrodite Gas Pipeline
• Positive Sentiment: Chevron is outperforming the broader energy sector. Analysts point to strong cash flow, expanding production, cost savings and constructive 2026 earnings expectations as reasons to remain bullish on CVX. CVX Outpaces Industry in Past 6 Months
• Positive Sentiment: U.S. Gulf oil production is being restored after the hurricane. The restart by Chevron and other major producers should reduce the duration of the output disruption and limit its impact on operating results. BP, Shell and Chevron Restoring U.S. Gulf Oil Production
• Neutral Sentiment: Chevron’s planned January 2027 leadership changes link New Energies more closely with its core oil and gas operations. The CFO transition and expanded operating responsibilities could improve strategic integration, although investors may wait for evidence that the changes produce better returns. Chevron CFO Shake-Up and New Energies Strategy
• Negative Sentiment: Hurricane shutdowns temporarily interrupted Gulf of Mexico output. Although production is restarting, the disruption may weigh on near-term volumes and earnings. Chevron Could Be Undervalued After Hurricane Disruptions
• Negative Sentiment: Chevron’s CEO criticized potential diesel and fuel-export restrictions, warning that the policy could backfire by tightening supply and increasing market volatility. Such restrictions could also complicate refining and trading operations. Chevron CEO Says Fuel Export Decision Is Unwise

About Chevron

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.

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