Royal Bank Of Canada Reiterates Outperform Rating for Chevron (NYSE:CVX)

Key Points

• Royal Bank of Canada reaffirmed an "Outperform" rating on Chevron with a $220 price target, implying about a 14.37% upside from the stock's current level.
• Chevron's Q1 beat EPS expectations ($1.41 vs. $1.00) while revenue missed ($48.61B vs. $51.86B); the board affirmed the dividend and analysts have been raising targets, leaving an average price target of $198.96 and a "Moderate Buy" consensus.
• Insiders have been net sellers: CEO Michael K. Wirth sold 272,624 shares for roughly $51.6M (an 89.7% reduction in his holding), and insiders sold 621,439 shares worth about $118.3M over the past 90 days.

Chevron (NYSE:CVX - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Royal Bank Of Canada in a report released on Tuesday,Benzinga reports. They presently have a $220.00 price objective on the oil and gas company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 14.37% from the stock's current price.

A number of other analysts also recently weighed in on the stock. Argus set a $203.00 price target on shares of Chevron in a research report on Tuesday, February 3rd. Mizuho increased their price target 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. TD Cowen cut their price target on shares of Chevron from $214.00 to $204.00 and set a "hold" rating on the stock in a research report on Monday, April 13th. Citigroup increased their price target on shares of Chevron from $210.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group increased their target price on Chevron from $174.00 to $189.00 and gave the stock a "buy" rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $198.96.

Chevron Trading Up 0.0%

Shares of NYSE:CVX traded up $0.08 during mid-day trading on Tuesday, reaching $192.36. The stock had a trading volume of 1,384,676 shares, compared to its average volume of 12,440,245. The firm has a market cap of $383.23 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 0.71 and a beta of 0.51. The firm has a 50 day simple moving average of $193.08 and a two-hundred day simple moving average of $171.36. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. Chevron has a twelve month low of $133.77 and a twelve month high of $214.71.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.41. The business had revenue of $48.61 billion for the quarter, compared to the consensus estimate of $51.86 billion. Chevron had a net margin of 5.79% and a return on equity of 7.01%. Chevron's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company posted $2.18 EPS. On average, research analysts predict that Chevron will post 14.13 EPS for the current fiscal year.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the transaction, the chief executive officer directly owned 31,266 shares of the company's stock, valued at $5,920,217.10. This trade represents a 89.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Benjamin Walz sold 11,600 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $188.58, for a total transaction of $2,187,528.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 621,439 shares of company stock worth $118,307,800. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CVX. Dakota Wealth Management grew its stake in shares of Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company's stock worth $12,690,000 after acquiring an additional 10,822 shares during the period. Brooklyn FI LLC purchased a new position in shares of Chevron in the third quarter worth $431,000. New York State Teachers Retirement System increased its position in Chevron by 15.3% during the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company's stock valued at $251,606,000 after acquiring an additional 215,345 shares during the last quarter. Clear Trail Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter worth about $10,167,000. Finally, Finemark National Bank & Trust raised its holdings in shares of Chevron by 40.3% in the third quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company's stock worth $8,779,000 after buying an additional 16,243 shares during the period. Institutional investors and hedge funds own 72.42% of the company's stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: CEO warns physical oil shortages could appear if the Strait of Hormuz remains disrupted, supporting higher oil prices and margins for producers like Chevron. Chevron CEO says physical shortages in oil supply to begin appearing
• Positive Sentiment: Chevron is in talks to take stakes in major Iraqi oilfields, a move that could add material, long‑life production and enhance CVX’s growth runway. Chevron Iraqi Oilfield Talks And What They Could Mean For CVX Valuation
• Positive Sentiment: Chevron is expanding exploration activity in the Mediterranean with offshore Malta programs, adding potential upstream barrels. Chevron expands Mediterranean activities with exploration offshore Malta
• Positive Sentiment: Q1 results beat EPS expectations, the board affirmed the dividend and analysts have raised targets — reinforcing CVX’s cash-return story that investors favor. Chevron Corporation 2026 Q1 - Results - Earnings Call Presentation
• Neutral Sentiment: Oil markets remain volatile: prices spiked on a Middle East flare-up then pared gains as a fragile truce held — a mixed backdrop for short-term crude and CVX. Oil Declines as Fragile Truce Holds Following Hormuz Clashes
• Neutral Sentiment: Multiple analyst and feature pieces debate CVX’s upside at current oil prices, offering varying buy/hold views; these shape investor positioning but don’t change fundamentals immediately. Is Chevron a Buy, Sell, or Hold at $110 Oil?
• Negative Sentiment: Quarterly margin compression analysis highlights cost and timing pressures in refining/upstream margins that could weigh on near-term profitability if oil/refined-product spreads shift unfavorably. CVX Q1 Deep Dive: Margin Compression Amid Stable Revenue and Upstream Growth

Chevron Company Profile

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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