Chevron Corporation (NYSE:CVX) Receives Consensus Recommendation of “Hold” from Brokerages

Chevron Corporation (NYSE:CVX) has been assigned a consensus recommendation of “Hold” from the twenty-seven analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen 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 issued ratings on the stock in the last year is $167.1429.

Several equities analysts have issued reports on the stock. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. HSBC set a $169.00 target price on Chevron and gave the stock a “buy” rating in a research note on Monday, December 1st. Piper Sandler decreased their price target on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays lowered their price target on Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Chevron in a report on Thursday.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the transaction, the chief executive officer owned 14,450 shares in the company, valued at $2,355,205.50. This trade represents a 95.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Eimear P. Bonner sold 28,334 shares of Chevron stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $4,676,526.70. Following the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This represents a 86.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 631,990 shares of company stock worth $99,716,808. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Chevron

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bayforest Capital Ltd boosted its holdings in Chevron by 85.9% in the first quarter. Bayforest Capital Ltd now owns 316 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 146 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Chevron by 278.1% during the 1st quarter. Acadian Asset Management LLC now owns 50,514 shares of the oil and gas company’s stock valued at $8,447,000 after buying an additional 37,155 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Chevron by 25.7% in the 1st quarter. Jones Financial Companies Lllp now owns 697,011 shares of the oil and gas company’s stock valued at $115,887,000 after buying an additional 142,662 shares during the period. Nova Wealth Management Inc. boosted its stake in shares of Chevron by 102.6% in the first quarter. Nova Wealth Management Inc. now owns 466 shares of the oil and gas company’s stock worth $78,000 after buying an additional 236 shares during the last quarter. Finally, Invst LLC acquired a new stake in Chevron during the first quarter worth about $892,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

Shares of Chevron stock opened at $162.15 on Friday. The company has a market capitalization of $326.49 billion, a PE ratio of 22.81, a P/E/G ratio of 10.15 and a beta of 0.70. The company has a 50-day simple moving average of $152.31 and a two-hundred day simple moving average of $153.49. Chevron has a one year low of $132.04 and a one year high of $168.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion for the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $2.48 EPS. Research analysts expect that Chevron will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.2%. Chevron’s dividend payout ratio is presently 96.20%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in advanced talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third parties — a clear potential earnings and volume catalyst. Read More.
• Positive Sentiment: Shipping and operational activity is picking up: data and filings show Chevron loading Venezuelan crude and contracting multiple tankers, signalling the company can scale flows quickly if approvals hold. Read More.
• Positive Sentiment: Market positioning and deal activity: reports show Chevron competing with traders and partners to control Venezuelan exports and lining up bids for international assets — moves that could expand supply links and reserves. Read More.
• Positive Sentiment: Analyst support: Bernstein and other outlets have recently raised targets or reiterated bullish theses on CVX amid the Venezuela angle, providing analyst-driven validation. Read More.
• Neutral Sentiment: White House engagement: President Trump met with oil executives to discuss Venezuela reconstruction — policy backing could help but details, guarantees and timelines remain uncertain. Read More.
• Neutral Sentiment: Companies want guarantees: FT/Reuters reporting that U.S. majors want formal guarantees from Washington before committing large capital, implying any large-scale Venezuela rebuild will be phased and conditional. Read More.
• Neutral Sentiment: Distribution risk: some shipments to traditional buyers (notably Chinese buyers) are paused, tempering near-term cash conversion despite increased loading activity. Read More.
• Negative Sentiment: Large insider selling disclosed (CEO, CFO and other insiders sold sizable blocks in early January), which can be perceived negatively and add short-term selling pressure. Read More.
• Negative Sentiment: Analyst downgrades and sell-side caution: at least one firm cut CVX to “Strong Sell” and others trimmed price targets, reflecting some skepticism about sustainable upside after the recent run. Read More. Read More.
• Negative Sentiment: Political/reputational risk: high-profile criticism and scrutiny around U.S. handling of Venezuela investments raise execution and regulatory uncertainty. Read More.

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.