Wells Fargo & Company Issues Positive Forecast for Chevron (NYSE:CVX) Stock Price

Chevron (NYSE:CVX) had its target price hoisted by Wells Fargo & Company from $196.00 to $204.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

A number of other brokerages have also issued reports on CVX. Barclays increased their target price on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Bank of America decreased their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Wall Street Zen raised shares of Chevron from a “sell” rating to a “hold” rating in a research note on Saturday. Mizuho upped their price target on shares of Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Freedom Capital cut Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Hold” and an average target price of $172.95.

Chevron Stock Down 1.5%

CVX stock opened at $174.26 on Monday. Chevron has a one year low of $132.04 and a one year high of $177.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The firm’s fifty day moving average is $156.89 and its 200 day moving average is $155.65. The firm has a market cap of $350.87 billion, a PE ratio of 26.16, a P/E/G ratio of 12.32 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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 net margin of 6.51% and a return on equity of 8.23%. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The company’s revenue was down 10.2% compared to the same quarter last year. On average, research analysts forecast that Chevron will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s payout ratio is currently 106.91%.

Insider Buying and Selling

In other news, insider Alana K. Knowles sold 7,956 shares of the business’s stock in a transaction that occurred 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 directly owned 1,207 shares in the company, valued at $199,215.35. The trade was a 86.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $4,676,526.70. Following the completion of the sale, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This represents a 86.65% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 645,924 shares of company stock valued at $102,079,188. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVX. Vanguard Group Inc. grew its stake in shares of 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 valued at $28,540,753,000 after buying an additional 27,961,463 shares during the period. State Street Corp lifted its holdings in 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 valued at $23,698,184,000 after acquiring an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc grew its position in Chevron by 2.9% in the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after acquiring an additional 3,454,258 shares during the period. Charles Schwab Investment Management Inc. grew its position in Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after acquiring an additional 1,342,723 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Chevron by 15.3% during the 3rd quarter. Northern Trust Corp now owns 22,724,515 shares of the oil and gas company’s stock worth $3,528,890,000 after purchasing an additional 3,007,403 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Dividend credibility — Chevron raised its payout for the 39th consecutive year, reinforcing its status as a Dividend Aristocrat and supporting income-oriented demand for CVX shares. This Dividend Juggernaut Just Hiked Its Payout for the 39th Consecutive Year (And It Has Plenty of Fuel to Continue Growing)
• Positive Sentiment: Low‑cost growth via Venezuela — Chevron is accelerating Venezuelan production and exports, an initiative expected to add volumes at attractive margins and help sustain dividends and free cash flow over the next 18–24 months. Chevron’s Venezuela Push Targets Low Cost Growth And Dividend Support
• Positive Sentiment: Analyst bullishness — Wells Fargo raised its price target to $204 and kept an overweight rating, signaling upside potential relative to current levels. That supports longer‑term upside expectations. Wells Fargo price target raise
• Positive Sentiment: New demand pathways — CEO commentary on using natural gas to power AI data centers (off‑grid energy parks in Texas) highlights potential secular demand for gas and differentiated midstream opportunities. Chevron CEO details strategy to shield consumers from soaring AI power costs
• Neutral Sentiment: Options market activity — large options positions by “whales” point to active positioning but are ambiguous for direction (speculative interest can amplify moves). 5CVX : This Is What Whales Are Betting On Chevron
• Negative Sentiment: Oil price shock — WTI and Brent fell after odds of a U.S.–Iran escalation cooled, removing a near‑term supply risk premium and pressuring integrated oil stocks like Chevron. This is the primary short‑term driver of today’s weakness. Oil Slides As Iran War Odds Cool: Exxon, Chevron Face New Reality With WTI Near $62
• Negative Sentiment: Valuation / analyst rebalances — HSBC trimmed Chevron to a Hold, saying much of the company’s “position of strength” may already be priced in, which can cap near‑term upside. Chevron cut at HSBC as position of strength already priced in
• Negative Sentiment: Earnings details mixed — Q4 showed an EPS beat but a revenue miss and a year‑over‑year net income decline, reinforcing concerns about top‑line sensitivity to lower oil prices. Chevron Q4 2025 net income drops 12.5% to $2.84bn
• Negative Sentiment: Insider selling — CFO sold roughly $1.28M of CVX stock; while not large vs. market cap, insider sales can feed short‑term sentiment pressure. Insider Selling: Chevron (NYSE:CVX) CFO Sells $1,280,780.00 in Stock

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.