Chevron (NYSE:CVX) Hits New 1-Year High After Analyst Upgrade

Chevron Corporation (NYSE:CVX)’s stock price reached a new 52-week high on Monday after Citigroup raised their price target on the stock from $179.00 to $210.00. Citigroup currently has a buy rating on the stock. Chevron traded as high as $191.44 and last traded at $189.7390, with a volume of 4582031 shares traded. The stock had previously closed at $186.76.

CVX has been the topic of several other reports. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Bank of America lifted their price target on Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday. TD Cowen increased their price objective on Chevron from $160.00 to $168.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, January 21st. Finally, Mizuho lifted their price objective on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $178.95.

Insider Buying and Selling

In other news, insider Andrew Benjamin Walz sold 22,200 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $176.53, for a total transaction of $3,918,966.00. Following the completion of the transaction, the insider owned 666 shares in the company, valued at approximately $117,568.98. This represents a 97.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 owned 8,558 shares in the company, valued at $1,614,466.70. The trade was a 87.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 628,373 shares of company stock worth $107,085,890 over the last quarter. Company insiders own 0.20% of the company’s stock.

Chevron News Roundup

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

Hedge Funds Weigh In On Chevron

A number of hedge funds have recently modified their holdings of CVX. Castellan Group boosted its holdings in shares of Chevron by 10.7% during the second quarter. Castellan Group now owns 20,405 shares of the oil and gas company’s stock worth $2,922,000 after purchasing an additional 1,965 shares during the period. United Bank grew its position in Chevron by 7.7% during the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after buying an additional 796 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Chevron by 9.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 4,214 shares in the last quarter. Fullcircle Wealth LLC increased its holdings in Chevron by 5.5% in the 2nd quarter. Fullcircle Wealth LLC now owns 12,395 shares of the oil and gas company’s stock valued at $1,872,000 after buying an additional 648 shares during the period. Finally, Northcape Wealth Management LLC raised its stake in shares of Chevron by 13.5% in the 2nd quarter. Northcape Wealth Management LLC now owns 4,023 shares of the oil and gas company’s stock valued at $576,000 after buying an additional 479 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

The firm has a market capitalization 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 firm’s 50-day moving average price is $171.08 and its two-hundred day moving average price is $160.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last released 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. The firm had revenue of $45.79 billion during the quarter, compared to analyst estimates of $48.18 billion. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.06 earnings per share. Sell-side analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio is 106.91%.

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.