Chevron (NYSE:CVX) Stock Jumps 1.4% on 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. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $213.08.
• Chevron recently reported strong quarterly results, with EPS of $6.06 surpassing expectations and revenue rising 57.4% year over year. Analysts expect full-year EPS of approximately $17.34.
• The company continues to offer income appeal through its $1.78 quarterly dividend, equivalent to a 3.3% annualized yield, while institutional investors own 72.42% of outstanding shares.

Chevron Corporation (NYSE:CVX - Get Free Report) shares traded up 1.4% during mid-day trading on Tuesday 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 $218.79 and last traded at $218.0070. 7,309,673 shares were traded during trading, a decline of 30% from the average session volume of 10,453,505 shares. The stock had previously closed at $215.00.

CVX has been the topic of a number of other reports. Piper Sandler raised their target price on shares of Chevron from $207.00 to $243.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. The Goldman Sachs Group dropped their target price on shares of Chevron from $240.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, September 22nd. Wells Fargo & Company boosted their price target on shares of Chevron from $226.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Dbs Bank raised shares of Chevron to a "moderate buy" rating in a report on Thursday, August 6th. Finally, Mizuho set a $234.00 price objective on shares of Chevron in a report on Monday. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.08.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 317,100 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares of the company's stock, valued at $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R. Pate sold 2,470 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the transaction, the insider 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 quarter, insiders sold 1,152,582 shares of company stock valued at $225,853,661. 0.56% of the stock is currently owned by corporate insiders.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Gulf production is recovering: Chevron and other major producers are restoring U.S. Gulf of Mexico operations after Hurricane Isaias. Reports indicate no significant storm damage, reducing the risk that the outage will materially affect production or earnings. Chevron and Shell Lead U.S. Gulf Oil Production Recovery After Hurricane
• Positive Sentiment: Gas projects are expanding Chevron’s growth outlook: Chevron-related expertise helped unlock the first commercial gas production from Australia’s Beetaloo Basin, potentially supporting future LNG exports. Separately, Chevron and Egypt are advancing agreements and procurement for Cyprus’s Aphrodite gas field, moving the project closer to a final investment decision. How Is Chevron Shaping Australia’s First Commercial Beetaloo Gas?
• Positive Sentiment: Analysts raised earnings estimates: Erste Group lifted its Chevron EPS forecasts to $16.90 for fiscal 2026 and $13.78 for fiscal 2027. Zacks also included CVX on its latest list of income stocks with a Strong Buy rating, reinforcing the appeal of Chevron’s cash returns and dividend profile. Chevron earnings estimate revisions
• Neutral Sentiment: Valuation support is mixed: TD Cowen raised its price target from $215 to $225 but retained a Hold rating. Another report placed the average price target at $213.08, suggesting limited upside after the recent rally. Chevron stock price target increase
• Negative Sentiment: Planned restructuring creates a near-term earnings headwind: Chevron agreed to recognize a one-time loss of approximately $3 billion to $4 billion as it reshapes its portfolio before the current earnings cycle fades. The charge may pressure reported results, even though management presents it as a longer-term cleanup. Chevron Is Cleaning House Before the Earnings Peak Fades

Institutional Investors Weigh In On Chevron

Institutional investors have recently made changes to their positions in the business. State Street Corp raised its stake in Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company's stock worth $28,016,651,000 after acquiring an additional 5,998,852 shares during the last quarter. BlackRock Inc. purchased a new stake in Chevron during the 2nd quarter valued at about $25,663,729,000. Berkshire Hathaway Inc grew 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 valued at $19,837,131,000 after purchasing an additional 8,091,570 shares during the last quarter. Bank of America Corp DE grew its stake in Chevron by 5.1% during the 1st quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company's stock valued at $5,716,694,000 after purchasing an additional 1,334,976 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Chevron by 1.5% in the fourth quarter. Invesco Ltd. now owns 17,119,575 shares of the oil and gas company's stock valued at $2,609,194,000 after purchasing an additional 254,323 shares during the period. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Up 1.4%

The business has a fifty day moving average price of $204.94 and a two-hundred day moving average price of $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. The firm has a market capitalization of $430.73 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts' consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company's revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. On average, equities analysts expect that Chevron Corporation will post 17.34 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis 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.

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