Chevron (NYSE:CVX) Stock Rating Upgraded by JPMorgan Chase & Co.

Chevron (NYSE:CVX) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $176.00 target price on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.57% from the stock’s current price.

A number of other equities analysts have also weighed in on CVX. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Scotiabank reiterated a “sector perform” rating and set a $168.00 price target on shares of Chevron in a research report on Friday, January 16th. Mizuho boosted their price objective on Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Bank of America decreased their target price on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Chevron in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Hold” and a consensus target price of $170.29.

Chevron Trading Up 0.9%

NYSE CVX opened at $166.71 on Tuesday. The stock has a market cap of $335.67 billion, a P/E ratio of 23.45, a P/E/G ratio of 10.81 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $154.12 and a two-hundred day simple moving average of $154.60. Chevron has a 12-month low of $132.04 and a 12-month high of $169.37.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. During the same quarter in the previous year, the firm posted $2.48 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, analysts forecast that Chevron will post 10.79 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Alana K. Knowles sold 7,956 shares of Chevron stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the transaction, the insider owned 1,207 shares in the company, valued at $199,215.35. The trade was a 86.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 635,190 shares of company stock worth $100,254,408. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chevron

Institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Street Advisors Inc. NC lifted its holdings in Chevron by 1.7% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 18,403 shares of the oil and gas company’s stock valued at $2,805,000 after acquiring an additional 303 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Chevron by 3.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 24,456 shares of the oil and gas company’s stock valued at $3,727,000 after purchasing an additional 847 shares during the last quarter. Provident Living Financial Services Inc. acquired a new position in shares of Chevron in the 4th quarter valued at $741,000. Prime Capital Investment Advisors LLC grew its holdings in shares of Chevron by 5.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 142,807 shares of the oil and gas company’s stock worth $21,765,000 after purchasing an additional 7,254 shares during the period. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Chevron during the 4th quarter worth about $2,432,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is reportedly in final talks to sell its Singapore refining & distribution assets in Q1, a move that would recycle capital, reduce downstream exposure and improve return metrics. Exclusive: Chevron plans to finalise Singapore oil assets sale in Q1, sources say
• Positive Sentiment: Discussions with Turkey’s state energy firm (TPAO) about joint oil & gas exploration could open new upstream opportunities and long‑term production upside if projects progress. Chevron and Turkey in Talks for Joint Oil & Gas Exploration
• Positive Sentiment: J.P. Morgan upgraded CVX to overweight with a $176 price target, boosting investor sentiment and buy-side interest. Chevron upgraded at J.P. Morgan (Benzinga)
• Positive Sentiment: Geopolitical shifts — U.S. moves on Venezuela and developments around the Leviathan gas project — are being framed as potential catalysts that could change Chevron’s long‑term asset access and the investment case if licensing or sanctions regimes shift. U.S. Moves on Venezuela and Leviathan Gas Might Change The Case For Investing In Chevron
• Neutral Sentiment: Analyst and media write-ups (valuations vs. peers, catalysts to watch) are keeping CVX in focus; these pieces provide context for investors but don’t by themselves change fundamentals. What Catalysts Are Reshaping The Chevron (CVX) Story For Investors?
• Neutral Sentiment: Comparisons with Petrobras and other peers are prompting re‑evaluation of valuation vs. operational momentum; useful for relative positioning but mixed on a directional trade. Chevron or Petrobras: Best Bet After the Venezuela Shock Now
• Negative Sentiment: Disclosure that a U.S. senator purchased CVX shares before a high‑profile U.S. operation related to Venezuela has generated headlines and could invite scrutiny, creating a reputational/regulatory overhang. Sen. Markwayne Mullin Bought Chevron and Raytheon Stock Days Before U.S. Venezuela Operation
• Negative Sentiment: The Wall Street Journal highlights Chevron’s dilemma in Venezuela — the company wants access to reserves but is wary of investing heavily amid political risk, underscoring execution and sovereign‑risk limitations. Chevron’s Dilemma in Venezuela

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.