Bank of America Forecasts Strong Price Appreciation for Chevron (NYSE:CVX) Stock

Chevron (NYSE:CVX) had its price objective lifted by Bank of America from $188.00 to $206.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas company’s stock. Bank of America‘s price objective suggests a potential upside of 9.25% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Sanford C. Bernstein upped their price objective on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Barclays boosted their price target on shares of Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $178.95.

Chevron Price Performance

NYSE CVX opened at $188.56 on Monday. The company has a 50-day moving average price of $171.08 and a two-hundred day moving average price of $160.10. Chevron has a 52 week low of $132.04 and a 52 week high of $191.56. The stock has a market cap of $376.25 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 12.55 and a beta of 0.67. 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 (NYSE:CVX) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the firm posted $2.06 earnings per share. The business’s revenue was down 10.2% on a year-over-year basis. Analysts forecast that Chevron will post 10.79 EPS for the current year.

Insider Buying and Selling

In related news, insider R. Hewitt Pate sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the sale, the insider directly owned 8,558 shares in the company, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the completion of the transaction, the insider directly owned 7,161 shares in the company, valued at $1,247,231.37. This represents a 86.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 628,373 shares of company stock worth $107,085,890. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Chevron

Large investors have recently modified their holdings of the stock. Core Wealth Advisors LLC purchased a new position in Chevron in the 4th quarter worth about $26,000. Phillip James Consulting Co. acquired a new position in shares of Chevron in the fourth quarter worth about $26,000. Basso Capital Management L.P. purchased a new position in shares of Chevron in the fourth quarter worth approximately $27,000. Karpus Management Inc. acquired a new stake in shares of Chevron during the fourth quarter valued at approximately $27,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter valued at approximately $27,000. 72.42% of the stock is owned by institutional investors.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Middle East tensions have pushed crude and natural-gas futures higher, lifting energy stocks and benefiting Chevron’s outlook as an integrated major. This broader oil rally is a positive tailwind for CVX. Energy investors go stock picking, benefiting Chevron over Exxon
• Positive Sentiment: Several brokerages raised price targets and ratings recently (Citigroup to $210, Bank of America to $206; Melius upgraded to Buy), showing analyst conviction around CVX’s cash returns and growth profile. Benzinga coverage of price-target changes
• Positive Sentiment: Longer-term endorsements: Buffett-era moves increased Chevron exposure in the final Berkshire quarter, a signal some value investors view positively. How Berkshire Hathaway Performed During Buffett’s Final Quarter (CVX)
• Neutral Sentiment: Coverage is mixed overall — some broker consensus remains cautious/hold even as a subset upgrades, resulting in divergent analyst views that can limit sustained momentum. Average broker rating: Hold
• Negative Sentiment: Chevron declared force majeure and paused production at the Leviathan gas field amid escalating regional hostilities — a direct operational hit and an example of how geopolitics can interrupt specific assets and near-term cash flow. What Chevron (CVX)’s Leviathan Shutdown Amid Middle East Tensions Means For Shareholders
• Negative Sentiment: Significant insider selling by R. Hewitt Pate (large block sales on Feb. 27 and Mar. 2 totaling ~93,475 shares) was disclosed in SEC filings — a near-term negative signal that may have amplified profit-taking. SEC Form 4 (insider sales)
• Negative Sentiment: Broader geopolitical risk (Iran’s threats, Strait of Hormuz disruptions) raises volatility and operational risk for majors; while higher oil helps margins, it also increases uncertainty about supply disruptions and regulatory/military outcomes. Why Exxon, Chevron Need To Watch Iran’s Vow To ‘Set Fire’ To Ships

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.