Chevron (NYSE:CVX) Stock Price Expected to Rise, Citigroup Analyst Says

Chevron (NYSE:CVX) had its price target boosted by research analysts at Citigroup from $179.00 to $210.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Citigroup’s price objective points to a potential upside of 11.37% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. UBS Group restated a “buy” rating and set a $212.00 price objective on shares of Chevron in a research report on Monday, February 2nd. Wells Fargo & Company increased their price target on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Piper Sandler cut their price objective on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Bank of America upped their price objective on Chevron from $188.00 to $206.00 and gave the company a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group raised their target price on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s 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

Shares of NYSE CVX opened at $188.56 on Monday. The company has a 50 day moving average of $171.08 and a 200 day moving average of $160.10. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron has a twelve month low of $132.04 and a twelve month high of $191.56. The firm has a market cap of $376.25 billion, a P/E ratio of 28.31, a PEG ratio of 12.55 and a beta of 0.67.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share 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 firm had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter in the previous year, the business earned $2.06 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. As a group, research analysts expect that Chevron will post 10.79 EPS for the current fiscal year.

Insider Activity at Chevron

In other Chevron news, insider R. Hewitt Pate sold 58,000 shares of Chevron 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 transaction, the insider owned 8,558 shares of the company’s stock, valued at $1,614,466.70. The trade was a 87.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Thomas Ryder Booth sold 1,122 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $182.37, for a total transaction of $204,619.14. The disclosure for this sale is available in the SEC filing. Insiders have sold 628,373 shares of company stock worth $107,085,890 in the last 90 days. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Chevron

Several institutional investors have recently bought and sold shares of the stock. Phillip James Consulting Co. purchased a new position in Chevron during the 4th quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of Chevron during the 4th quarter valued at approximately $26,000. Karpus Management Inc. purchased a new position in shares of Chevron in the fourth quarter valued at $27,000. Basso Capital Management L.P. purchased a new position in shares of Chevron in the fourth quarter valued at $27,000. Finally, Quattro Advisors LLC purchased a new stake in Chevron during the fourth quarter valued at $27,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Key Headlines 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

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.