Chevron (NYSE:CVX) Stock Price Up 1.8% on Analyst Upgrade

Chevron Corporation (NYSE:CVX) was up 1.8% on Wednesday after Melius Research upgraded the stock from a hold rating to a buy rating. Melius Research now has a $205.00 price target on the stock. Chevron traded as high as $183.92 and last traded at $183.7490. Approximately 10,303,592 shares traded hands during trading, a decline of 18% from the average daily volume of 12,584,943 shares. The stock had previously closed at $180.55.

Several other research analysts also recently weighed in on the stock. Barclays increased 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. Argus set a $203.00 price objective on Chevron in a research note on Tuesday, February 3rd. Piper Sandler lowered their target price on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price target on shares of Chevron in a report on Monday, February 2nd. Finally, Jefferies Financial Group raised their price objective on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $176.36.

Insider Activity at Chevron

In other news, CFO Eimear P. Bonner sold 32,100 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $175.01, for a total value of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. The trade was a 88.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 45,800 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the transaction, the insider directly owned 7,161 shares of the company’s stock, valued at $1,247,231.37. The trade was a 86.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 531,027 shares of company stock worth $88,833,430 in the last three months. Corporate insiders own 0.21% of the company’s stock.

Key Headlines Impacting Chevron

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.

Institutional Trading of Chevron

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Chevron by 17.9% during the third 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 purchasing an additional 27,961,463 shares during the period. Norges Bank purchased a new position in shares of Chevron in the 4th quarter worth approximately $3,727,586,000. State Street Corp boosted its holdings in shares of Chevron by 9.1% in the 3rd quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares during the period. Berkshire Hathaway Inc increased its position in shares of Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after purchasing an additional 8,091,570 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new stake in Chevron during the 3rd quarter valued at $988,083,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 1.8%

The company has a market cap of $369.98 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 11.95 and a beta of 0.70. The company has a fifty day moving average of $164.50 and a two-hundred day moving average of $158.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter in the previous year, the business posted $2.06 earnings per share. The business’s revenue was down 10.2% compared to the same quarter last year. As a group, analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 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.