Chevron (NYSE:CVX) Stock Rating Upgraded by Melius Research

Chevron (NYSE:CVX) was upgraded by stock analysts at Melius Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $205.00 price objective on the oil and gas company’s stock. Melius Research’s price objective would suggest a potential upside of 11.57% from the stock’s previous close.

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a report on Tuesday, January 20th. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Jefferies Financial Group increased their price objective on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their target price on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $176.36.

Chevron Stock Performance

NYSE CVX opened at $183.75 on Tuesday. The company’s fifty day moving average is $164.50 and its two-hundred day moving average is $158.06. Chevron has a 52-week low of $132.04 and a 52-week high of $186.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market capitalization of $369.98 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 11.95 and a beta of 0.70.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 8.23% and a net margin of 6.51%.The business had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period last year, the business earned $2.06 earnings per share. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities research analysts forecast that Chevron will post 10.79 EPS for the current year.

Insider Activity

In other Chevron news, Vice Chairman Mark A. Nelson sold 45,800 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total value of $7,976,986.00. Following the transaction, the insider owned 7,161 shares of the company’s stock, valued at approximately $1,247,231.37. The trade was a 86.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Thomas Ryder Booth sold 1,122 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $182.37, for a total value of $204,619.14. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 531,027 shares of company stock worth $88,833,430. 0.21% of the stock is currently owned by insiders.

Institutional Trading of Chevron

Several hedge funds have recently modified their holdings of the stock. Core Wealth Advisors LLC bought a new stake in shares of Chevron during the fourth quarter worth $26,000. Basso Capital Management L.P. acquired a new position in Chevron during the 4th quarter valued at about $27,000. Karpus Management Inc. bought a new position in shares of Chevron in the 4th quarter valued at about $27,000. Quattro Advisors LLC acquired a new stake in shares of Chevron during the 4th quarter worth approximately $27,000. Finally, Quaker Wealth Management LLC raised its stake in shares of Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after buying an additional 439 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron-led consortium won four ultra‑deepwater offshore lease blocks in Greece (Chevron to be operator with ~70% interest) — a concrete reserves/exploration catalyst that supports long‑term upstream optionality. Read More.
• Positive Sentiment: Chevron raised its quarterly dividend to $1.78 (annualized $7.12), reinforcing its income appeal for yield‑seeking investors as Treasury yields have softened — supporting demand from dividend-focused funds. Read More.
• Positive Sentiment: An analyst upgrade (Melius Research: hold→buy, PT to $205) adds a fresh bullish view and a higher price target for CVX, which can attract some buy‑side interest even if short‑term impact is mixed. Read More.
• Neutral Sentiment: Macro/sector tailwinds: energy names are outperforming the S&P YTD, helping integrated majors like Chevron catch flows and attention — supportive for relative performance but also tied to commodity/rotation dynamics. Read More.
• Neutral Sentiment: Coverage and comparisons (Chevron vs. Exxon, vs. ConocoPhillips) have increased; this drives volume and debate over valuation vs. peers without immediately changing fundamentals. Read More.
• Neutral Sentiment: Retail/analysis interest: CVX is a trending ticker on outlets like Zacks and 24/7 Wall St., which can lift intraday activity but not necessarily change fundamentals. Read More.
• Negative Sentiment: Notable insider selling: recent Form 4 filings show multiple sales by executives (including Andrew Walz and CTO Thomas Ryder Booth), which investors often view as a cautionary sign even when company‑wide insiders still hold meaningful stakes. Read More.
• Negative Sentiment: Market shrugged off the Melius upgrade (shares initially dipped after the note), suggesting upgrades alone aren’t shifting investor conviction; short‑term rotation and profit‑taking may mute upside. Read More.

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.