Chevron (NYSE:CVX) Upgraded at HSBC

HSBC upgraded shares of Chevron (NYSE:CVX) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat Ratings reports. HSBC currently has $215.00 target price on the oil and gas company’s stock.

Other analysts have also issued reports about the company. Melius Research raised Chevron from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Tuesday, February 17th. UBS Group reaffirmed a “buy” rating and set a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Chevron in a research note on Monday, February 2nd. Sanford C. Bernstein upped their target price on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Finally, Bank of America increased their target price on shares of Chevron from $188.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $184.77.

Chevron Price Performance

Shares of CVX stock opened at $201.73 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The company has a market cap of $402.53 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.87 and a beta of 0.67. Chevron has a twelve month low of $132.04 and a twelve month high of $205.08. The business has a fifty day simple moving average of $181.32 and a 200 day simple moving average of $163.45.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share. On average, sell-side analysts forecast that Chevron will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were issued a $1.78 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, February 17th. Chevron’s dividend payout ratio is currently 106.91%.

Insider Activity at Chevron

In other Chevron news, insider Andrew Benjamin Walz sold 11,600 shares of Chevron stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.58, for a total value of $2,187,528.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This represents a 92.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,099,397 shares of company stock valued at $196,196,468 in the last ninety days. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Chevron

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Chevron by 17.9% in the 3rd quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after buying an additional 27,961,463 shares during the period. Norges Bank purchased a new stake in shares of Chevron during the fourth quarter worth $3,727,586,000. State Street Corp boosted its holdings in shares of Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after acquiring an additional 12,789,399 shares during the period. Berkshire Hathaway Inc boosted its holdings in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after acquiring an additional 8,091,570 shares during the period. Finally, Primecap Management Co. CA purchased a new position in shares of Chevron in the third quarter valued at $988,083,000. 72.42% of the stock is currently owned by institutional investors.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s market capitalization topped $400 billion for the first time as the crude rally lifted energy peers and investor appetite for large integrated oil names. Chevron (CVX) Stock Breaks Into Elite $400B Club Amid Oil Price Rally
• Positive Sentiment: HSBC upgraded CVX from Hold to Buy and set a $215 target, signaling analyst conviction that the stock has further upside as oil stays elevated. HSBC upgrade to Buy
• Positive Sentiment: Major business press notes Chevron’s rise into the top-20 U.S. companies by market value, reinforcing momentum and institutional interest in the name. Chevron Jumps Into Top 20 Most Valuable U.S. Companies
• Positive Sentiment: Analyst/market commentaries and YTD performance write-ups highlight strong gains (CVX up materially this year) driven by geopolitical support for oil prices and Chevron’s growth projects—these narratives help attract momentum flows. Why the Market Dipped But Chevron (CVX) Gained Today
• Positive Sentiment: Mizuho and other broker notes (coverage upgrades / bullish price forecasts) and inclusion in “best energy stocks” pieces amplify buy-side interest and argue for continued upside if commodity strength persists. Mizuho Forecasts Strong Price Appreciation for Chevron (NYSE:CVX) Stock
• Neutral Sentiment: Comparative analyst pieces (e.g., Zacks on Chevron vs. Suncor) note Chevron’s diversification and Guyana growth but weigh that against peer cost actions—useful context but not an immediate catalyst. Chevron vs. Suncor: Which Energy Stock Wins at 52-Week Highs?
• Neutral Sentiment: Chevron Technology Ventures led a small strategic investment in robotics firm KEWAZO—positioning for operational efficiencies but not a near-term earnings driver. Chevron Technology Ventures Invests in KEWAZO

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.