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

Key Points

• Chevron shares rose 1.4% after TD Cowen raised its price target from $215 to $225, though it maintained a “hold” rating.
• Analyst sentiment is broadly positive, with Chevron carrying a consensus “Moderate Buy” rating and an average target price of $211.08; recent quarterly results also exceeded revenue and EPS estimates.
• Insiders have been selling shares: executives sold more than 1.15 million shares worth approximately $225.9 million over the past three months, while hurricane-related Gulf production disruptions remain a near-term risk.

Chevron Corporation (NYSE:CVX - Get Free Report) shares 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. Approximately 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.

A number of other equities research analysts have also recently issued reports on the stock. Sanford C. Bernstein upped their target price on shares of Chevron from $204.00 to $209.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on Chevron from $190.00 to $222.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Zacks Research raised Chevron from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. HSBC set a $90.00 price target on Chevron in a research report on Friday, September 25th. Finally, Weiss Ratings upgraded Chevron from a "hold (c)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chevron currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.08.

Insider Activity at Chevron

In other Chevron news, CEO Michael Wirth sold 317,100 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Pate sold 2,470 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the transaction, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. The trade was a 18.62% decrease in their ownership of the stock. 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. 0.56% of the stock is owned by company insiders.

Key Headlines Impacting Chevron

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 Inflows and Outflows

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

Chevron Trading Up 1.4%

The business has a 50-day moving average price of $204.50 and a two-hundred day moving average price of $192.98. The stock has a market capitalization of $424.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.59 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $62.72 billion. During the same period in the prior year, the firm posted $1.77 EPS. Chevron's quarterly revenue was up 57.4% on a year-over-year basis. On average, analysts expect that Chevron Corporation will post 17.34 EPS for the current fiscal year.

Chevron Announces Dividend

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

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